Category: Business
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TINUBU TAKES REFORMS GLOBAL: PRESIDENT PITCHES NIGERIA TO INVESTORS IN PARIS
President Bola Ahmed Tinubu has taken Nigeria’s economic reform drive to Paris, assuring top investors that his policies are built on stability, transparency, and long-term growth. At a high-level meeting with global firms like Citibank and Amundi, Tinubu said recent reforms are aimed at fixing structural issues and delivering real benefits for Nigerians. Finance Minister…
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STOCK MARKET SURGE: INVESTORS CASH OUT N26TRN AS OIL, DIVIDENDS DRIVE RALLY
Nigeria’s equities market delivered a blockbuster April, with investors gaining a massive ₦26.2 trillion as bullish momentum swept through the market. Market capitalisation jumped from ₦129.8 trillion to ₦155.9 trillion up over 20%—while the All-Share Index surged to 242,277 points, reflecting strong investor confidence. Analysts say the rally was powered by rising global oil prices,…
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PRESSCO POSTS BIG GAINS: PROFIT SOARS 57% IN 2025
Presco Plc has reported a 57.1% jump in profit before tax to ₦177.9 billion for 2025, showing strong momentum in Nigeria’s edible oil sector. Profit after tax rose to ₦121.5 billion, while revenue surged nearly 60% to ₦330.6 billion, driven by improved efficiency and market demand. Gross and operating profits also recorded impressive growth of…
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IMO SUMMIT: NIGERIA DEMANDS FAIR PLAY IN NET-ZERO SHIPPING PUSH
At the International Maritime Organization summit in London, Adegboyega Oyetola made it clear: the global shift to net-zero shipping must be fair and inclusive. He backed decarbonisation but warned that countries like Nigeria shouldn’t be weighed down by policies that ignore their economic and infrastructure challenges. Oyetola stressed that climate action must go hand-in-hand with…
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BENUE’S “AGRIC GOLDMINE” + POULTRY WARNING: EXPERTS SOUND THE ALARM
A former president of the Nigerian Veterinary Medical Association, Charles Ibe, has urged Benue State to fully harness its rich agriculture and livestock sector, describing it as a “goldmine” capable of reducing dependence on federal allocations. Speaking in Makurdi, he highlighted crops like soybeans, cassava, millet, and sorghum as globally competitive assets, stressing that strong…
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BENUE SITTING ON “AGRIC GOLDMINE” — EXPERT URGES STATE TO CASH IN
A former president of the Nigerian Veterinary Medical Association, Charles Ibe, is urging the Benue Government to stop relying heavily on federal allocations and fully tap into its rich agricultural and livestock resources. Speaking in Makurdi during World Veterinary Day events, Ibe described the state as a “goldmine” of crops like soybeans, sorghum, millet, and…
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CASHEW INDUSTRY CRIES OUT: “GIVE US SUPPORT OR LOSE GLOBAL EDGE”
The National Cashew Association of Nigeria is calling on the Federal Government to step in with incentives to revive Nigeria’s struggling cashew value chain. Its president, Joseph Ajanaku, says high production, storage, and processing costs are squeezing farmers and processors making it hard to compete globally. Top of the wishlist: low-interest loans (3–5%) for processors,…
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POLICE ALERT: POS OPERATORS TARGETED IN MULTI-MILLION NAIRA FRAUD
The Kwara State Police Command has warned POS operators to stay alert as fraud syndicates step up schemes involving huge cash transfers. According to police, scammers approach agents with requests to process millions—offering small commissions to make it look legit. But behind the scenes, the transactions are tied to organised financial crimes. The danger? Many…
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POULTRY FARMERS CRY OUT: ‘NO MONEY, NO EGGS’ IN LAGOS
Poultry farmers in Lagos are raising alarm over lack of financing, warning it’s crippling their ability to expand production. Farmers say stocking birds now costs millions, with one producer revealing she spent nearly ₦2 million just to fill her pens — a cost many can’t sustain, leaving some pens empty. To cope, many now raise…
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ENUGU BOOSTS AVIATION SKILLS AS EASTWING, GLOBAL FIRM LAUNCH 525 TRAINING COURSES
From Enugu to Europe-standard classrooms — a new aviation partnership is opening doors for Nigerians to train, certify, and compete globally. Aviation training just got a major lift in Nigeria as Eastwing Aviation Institute, Enugu, partners with Sofema Aviation Services (Bulgaria) to roll out over 525 internationally recognised courses. The programme, supported through a bursary…
