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FDI Plunges to 20-Year Low: W’Bank Report

23.06.2025
Flows of foreign direct investments into Nigeria and other developing economies, a key propellant of economic growth and higher living standards, have dwindled to the lowest level since 2005 amid rising trade and investment barriers, a new research from the World Bank shows. These barriers pose a significant threat to global efforts to mobilise financing...
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Petrol Price Hikes to N880: Dangote Raises Ex-Depot Rate

22.06.2025
Dangote Petroleum Refinery, on Friday, increased its ex-depot price for Premium Motor Spirit to N880 per litre. The hike represents a N55 increase from the previous rate of N825 per litre. This raises fresh concerns over fuel affordability and price volatility in the downstream sector. Checks on petroleumprice.ng, a platform tracking daily product prices, as...
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GenCos Link by Dec 31

22.06.2025
The Nigerian Electricity Regulatory Commission has issued a new directive requiring all grid-connected Power Generation Companies to fully integrate their operations with the National Supervisory Control and Data Acquisition system by December 31. SCADA/Energy Management System serves as the central nervous system of grid operations—enabling automated controls, real-time fault detection, and live monitoring of power...
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SEC Bans CEOs From Chairing Boards

22.06.2025
The Securities and Exchange Commission has issued a new directive prohibiting Chief Executive Officers and Executive Directors from immediately assuming the position of Board Chairman within the same company or group after leaving office. A mandatory three-year “cool off period” has been introduced before such transitions can take place. The directive is part of a...
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Retail Platform for Business Growth

22.06.2025
Paga Group, one of Africa’s payments and financial services companies, has launched Doroki, a new retail business management platform aimed at helping large-scale, small, and medium-sized enterprises streamline operations, reduce inefficiencies, and accelerate growth. The launch event in Lagos on Thursday brought together Doroki’s merchant clients and industry leaders to witness the unveiling of what...
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Telecom Sector Rebounds, Boosting Nigeria’s GDP

22.06.2025
The Nigerian telecom industry is making a strong recovery, contributing significantly to the country’s Gross Domestic Product, following a foreign exchange crisis that impacted the sector about two years ago. The Executive Vice Chairman of the Nigerian Communications Commission, Dr Aminu Maida, highlighted the industry’s resilience during an interactive session with newsmen in Abuja on...
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Growth Advice for Nigerian Manufacturers

22.06.2025
The External Affairs Director of British American Tobacco West and Central Africa, Odiri Erewa-Meggison, has called on Nigerian manufacturers to seize the vast opportunities offered by the African Continental Free Trade Area for long-term growth and competitiveness. According to a statement, Erewa-Meggison urged companies to break free from the limitations of Nigeria’s domestic market and...
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AI Research Boosts Productivity: Nigeria Market Research Con

21.06.2025
Stakeholders at the Nigeria Market Research Association International Conference 2025 have called for a shift from traditional research methods to artificial intelligence-powered market research to improve productivity across sectors. This was disclosed in a statement issued on Thursday during the ongoing four-day hybrid conference held in Lagos. Themed “Beyond the Horizons: AI and the New...
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N100bn Renewable Energy Deal: REA & FCMB Partner

21.06.2025
The Rural Electrification Agency and First City Monument Bank have signed a landmark agreement to launch a N100bn renewable energy financing facility. The agreement supports the implementation of distributed access through the Renewable Energy Scale-Up initiative. It will enable the deployment of decentralised renewable energy projects aimed at delivering reliable power to approximately two million...
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Telcos Recover N170bn From Banks

21.06.2025
The long-term dispute between telecommunications operators and commercial banks over unpaid Unstructured Supplementary Service Data fees appears to be drawing to a close, as telecom companies confirm the recovery of 95 per cent of the N180 billion owed. Chairman of the Association of Licensed Telecommunications Operators of Nigeria, Gbenga Adebayo, announced the progress on Thursday,...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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