Air travel within Nigeria is set to receive a boost as six North-East states—Adamawa, Bauchi, Borno, Taraba, Gombe and Yobe—finalise plans to establish a new regional airline, the North East Shuttle, aimed at improving flight connectivity across the region and beyond. The proposed carrier is expected to intensify competition among domestic airlines already operating in…

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Vitafoam Nigeria Plc has continued its long-standing “First Baby” tradition at the Lagos Island Maternity Hospital, marking 60 years of celebrating new life and supporting maternal healthcare as part of its corporate social responsibility (CSR) commitment. At exactly 2:45am, the first baby of 2026—a baby girl weighing 2.1kg—was delivered at the hospital. Her birth not…

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Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said Nigeria’s unmet foreign exchange (FX) demand would have risen from $7 billion in 2023 to $10 billion by 2025 if the Federal Government had not implemented critical FX and trade reforms. Oyedele explained that recent reforms across foreign exchange,…

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Tunde Lemo, former Deputy Governor of the Central Bank of Nigeria (CBN), has stated that the economic reforms under President Bola Ahmed Tinubu, complemented by the apex bank’s monetary policies, are beginning to restore confidence in Nigeria’s economy. In his 2026 goodwill message, Lemo highlighted that inflation is trending downward and exchange rates have stabilized.…

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Chief Executive Officer of Heirs Energies Limited, Osa Igiehon, has announced that the company plans to consolidate its strong growth momentum in 2026, following a successful 2025 marked by major strategic deals. In his year-end review, Igiehon highlighted two key milestones that position the company for long-term success. In December 2025, Heirs Energies executed a…

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The Nigerian private sector continued to grow at the end of 2025, driven by rising customer demand, according to the latest Purchasing Managers’ Index (PMI) report. Higher new orders, output, and purchasing activity were recorded, while employment saw modest gains. Inflationary pressures picked up slightly in December but remained close to recent lows, and business…

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Nigeria is ramping up efforts to expand sugarcane production as global sugar output rises and the country remains heavily reliant on imports. According to the United States Department of Agriculture (USDA), global sugar production is expected to increase to 189.32 million tons in the 2025/26 season, up from 180.75 million tons in 2024/25—a growth of…

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MultiChoice, a CANAL+ company, has successfully retained the distribution rights for 12 Warner Bros. Discovery thematic channels following a newly signed multi-year, multi-territory agreement between CANAL+ Group and Warner Bros. Discovery. This deal marks a major expansion of their long-standing partnership. The agreement spans several regions across Africa and Europe and includes the distribution of…

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QShelter Ltd and M.I. Okoro and Associates have signed a memorandum of understanding (MoU) to jointly market homes under the Federal Government’s Renewed Hope Housing Scheme, targeting 20,000 units across Lagos, Abuja, Kano, and an additional 60 homes in other parts of the country. The partnership aims to expand access to affordable housing nationwide. The…

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Aradel Holdings Plc, a leading indigenous integrated energy company, announced that its wholly-owned subsidiary, Aradel Energy Limited, has completed the acquisition of an additional 40% equity interest in ND Western Limited (NDW), following the fulfilment of all regulatory and contractual conditions. The deal, first disclosed on October 24, 2025, increased Aradel Energy’s stake in NDW…

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