Telecom: Over $1bn spent in 2025 by operators to expand coverage and capacity – EVC Maida
In 2025, the telecom sector operators spent over $1 billion in investment for the deployment of more than 2,850 new sites to expand both coverage and capacity nationwide, data announced…
African governments look to Islamic finance after Benin sukuk success
Benin’s Islamic bond sale is encouraging other African states to consider sharia-compliant financing, after robust demand highlighted the potential to diversify funding and attract a broader investor base, advisers and…
Nigerian key crude oil loadings to fall in March, programmes show
Exports of four key Nigerian crude oil grades are scheduled at 793,000 barrels per day in March, preliminary loading programmes seen by Reuters show. At that level, loadings will be…
NUPRC assures investors of transparent, competitive licensing round for 50 oil blocks
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assured prospective investors of a transparent, merit-based and competitive process for Nigeria’s 2025 Oil and Gas Licensing Round. The commission said that…
Foremost entrepreneur, Otunba Adekunle Ojora, passes at 93
The family of foremost business mogul Otunba Adekunle Ojora has announced his passing. He died Wednesday morning at 93. Below is the statement: With total submission to the will of…
African nations now send more money to China than they receive in new loans
China’s role as a leading financier to developing nations has shifted over the past decade, with new loans to poorer countries falling sharply while debt repayments continue to rise, according…
Türkiye targets $5bn trade volume with Nigeria as Erdogan, Tinubu talk deals
President Recep Tayyip Erdogan of the Republic of Türkiye, on Tuesday in Ankara, said his country targets a $5 billion trade volume with Nigeria up from the current $2…
Why Nigerian banks return big profits amid standing on shaky ground with weak capital, by Blaise Udunze
Despite the fragile 2024 economy grappling with inflation, currency volatility, and weak growth, Nigeria’s banking industry was widely portrayed as successful and strong amid triumphal headlines. The figures appeared to…
Manufacturers urge FG to restrain NAFDAC over sachet alcohol ban
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to intervene and restrain the National Agency for Food and Drug Administration and Control (NAFDAC) over its renewed enforcement…
FG’s ₦501bn power sector bond programme records 100% subscription
The Federal Government of Nigeria has successfully issued a ₦501 billion inaugural bond under the Presidential Power Sector Debt Reduction Programme (PPSDRP), recording 100% subscription from pension funds, banks,…