Category: Nigeria news

  • Estate Surveyors and Valuers Key to Nigeria’s Economic Growth

    Estate surveyors and valuers are playing a crucial role in stimulating Nigeria’s economic growth, according to Alhaji Umaru Kwairanga, Group Chairman of NGX Group. Speaking at the 2025 Nigeria Institution of Estate Surveyors & Valuers (NIESV) Membership Induction Ceremony in Lagos, he noted that valuation—the foundation of the profession—strengthens financial markets and enables transparent, bankable

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  • CBN Hikes Treasury Bill Rates Above Inflation

    The Central Bank of Nigeria (CBN) has increased interest rates on Treasury Bills (TBs), pushing returns above the country’s current inflation rate of 16.05%. At the latest auction, the CBN offered N700 billion in TBs across all tenors, receiving subscriptions totaling N775 billion, reflecting strong investor demand, particularly for the longest tenor, which accounted for

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  • UBA, Lions Group, Wakanow Launch ‘Detty Side’ Festive Campaign

    United Bank for Africa (UBA) has partnered with Lions Group and Wakanow to roll out the ‘Welcome to the Detty Side’ campaign, offering premium entertainment experiences for the festive season. UBA customers and new clients can access exclusive benefits via the UBA Red Pass, which provides: The campaign aims to deliver memorable lifestyle experiences, deepen

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  • CITN: Tax Reforms to Boost Compliance and Expand Tax Base

    The Chartered Institute of Taxation of Nigeria (CITN) has affirmed that ongoing tax reforms will improve citizens’ standard of living, expand the tax base, and enhance compliance. CITN President, Innocent Ohagwa, stated this during the institute’s 58th induction ceremony, emphasizing the role of CITN in regulating taxation practices, enforcing discipline, and setting professional standards. He

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  • Lagos Innovation and Tech Ecosystem Valued at $15.3 Billion

    The Lagos State innovation and technology ecosystem is currently valued at $15.3 billion, according to Commissioner for Innovation, Science and Technology, Mr. Olatunbosun Alake. Lagos accounts for 80–90% of Nigeria’s nearly 2,000 tech startups recorded between 2024 and 2025, making it the largest startup hub in Africa. Between 2019 and 2024, Lagos-based startups attracted $6

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  • Nigeria Warned as 33% of Soils Face Severe Degradation

    Nigeria is grappling with a worsening soil health crisis, with 33% of its soil already severely degraded, posing threats to food security, climate resilience, and environmental sustainability. Minister of State for Agriculture and Food Security, Dr. Aliyu Sabi, highlighted the urgency during the 2025 World Soil Day celebration in Abuja, describing healthy soil as the

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  • Nigeria’s Exports Hit N77 Trillion in 2024 Amid Growing Non-Oil Gains

    Nigeria’s export sector showed robust growth in 2024, with total exports in naira surging to N77.4 trillion, up from N36 trillion in 2023. While dollar-denominated export earnings dipped slightly to $57.9 billion from $60.65 billion, non-oil sectors recorded significant gains, signaling diversification beyond crude oil. Cocoa exports led the growth, rising to $2.6 billion from

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  • Leye Kupoluyi Elected President of LCCI

    Leye Kupoluyi has been elected President and Chairman of Council of the Lagos Chamber of Commerce and Industry (LCCI). The announcement was made by Dr. Chinyere Almona, Director General of LCCI, during the chamber’s 137th Annual General Meeting. Kupoluyi succeeds Gabriel Idahosa, whose tenure was marked by notable contributions to the chamber’s mission. Dr. Almona

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  • NLNG, NCDMB Strengthen Local Content Partnership

    Nigeria LNG Limited (NLNG) has reiterated its commitment to advancing Nigerian Content beyond regulatory compliance, emphasizing indigenous expertise, enterprise development, and community-driven value creation across the nation’s energy sector. The pledge was made at the 2025 Nigerian Content Stakeholders’ Retreat held in Finima, Bonny Island, Rivers State. The event, themed “Deepening Stakeholders’ Collaboration for Sustainable

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  • Experts Urge Entrepreneurs to Rethink, Reinvent, and Innovate for Sustainable Growth

    Business leaders and development advocates have called on Nigerian entrepreneurs to rethink their business models, embrace innovation, and adopt strategic systems capable of sustaining long-term growth in a rapidly evolving economy. The appeal came during the 10th Annual Entrepreneurs Conference and Expo, organised by the Masterpiece Resource Development Centre (MRDC) in Lagos. The two-day event

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