The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has officially opened applications for a $150 million offshore expansion facility designed to modernize and scale Nigerian enterprises. Developed in partnership with Germany-based commercial banking group ODDO BHF SE, the financing package offers eligible businesses access to long-term expansion capital at single-digit interest …
Nigeria's insurance industry delivered a mixed but largely resilient performance in the first half of the year as stronger insurers posted solid earnings despite inflation, foreign exchange losses and rising operating costs, while weaker operators raced to meet the recapitalisation deadline under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The financial results suggest the …
The Centre for the Promotion of Private Enterprise (CPPE) has called for a major overhaul of Nigeria's development finance framework, warning that the country's manufacturing, agriculture, agribusiness, micro, small and medium-sized enterprises (MSMEs) and export-oriented businesses are facing a financing gap of more than ₦50 trillion. In a policy brief issued on Sunday, August 2, …
Nigeria's Super Falcons boosted their hopes of reaching the quarter-finals of the Women's Africa Cup of Nations (WAFCON) with a hard-fought 1-0 victory over Zambia in their second Group C match on Saturday. The win marked a return to winning ways for the nine-time African champions after they entered the match under intense pressure following …
The Federal Government has officially unveiled Miss Nigeria, Tamunosoye Karibi-George, as Nigeria's representative to the 2026 Miss World Pageant scheduled to hold in Vietnam. Minister of Women Affairs and Social Development, Imaan Sulaiman-Ibrahim, announced this during a press briefing in Abuja on Thursday, describing the pageant as a global platform for leadership, culture, social impact …
The Authority says System malfunction caused smoke scare at the facility on Sunday morning The Federal Airports Authority of Nigeria (FAAN) has issued a clarification regarding the incident at Terminal 2 of the Murtala Muhammed International Airport, Lagos, stating that contrary to earlier reports, there was no fire at the facility. In a press statement released …
The Independent National Electoral Commission (INEC) has commenced the public display of the personal particulars and academic credentials submitted by presidential candidates for the 2027 general elections, in line with the provisions of the Electoral Act, 2026. The exercise, which began on Saturday, features documents submitted by President Bola Tinubu of the All Progressives Congress …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the West Africa Regulators Forum (WARF) have intensified calls for the establishment of an African regional fuel pricing benchmark, arguing that the continent must end its over-reliance on foreign pricing indices that do not reflect local market realities. The call was made during a press …
Revenue rises by 12 per cent to N650.8 billion as the foods and beverage company sustains profitability for the seventh consecutive quarter Nestlé Nigeria PLC has reported strong financial results for the first half of 2026 (H1 2026), characterized by double-digit top-line revenue expansion, improved profitability, and a strengthened equity base. According to the …
Former President Olusegun Obasanjo has described his decision to choose former Vice President Atiku Abubakar as his running mate in the 1999 presidential election as the biggest mistake he made while serving in office. Obasanjo made the remark on Friday during a fireside chat with veteran entertainer and activist Charles Oputa, popularly known as Charly …
