Nigeria is rapidly emerging as Africa’s leading minerals hub, with the development of lithium processing and gold refining plants enhancing its role as a key global supplier of minerals critical for the transition to green energy. Minister of Solid Minerals Development, Dr. Dele Alake, announced the country’s progress ahead of the Future Minerals Forum (FMF)

Read more...

Nigeria’s Entertainment and Media (E&M) sector is projected to grow from $4.5 billion in 2025 to $4.9 billion in 2026, with the creative economy contributing approximately two per cent of total revenue, according to PwC Nigeria. The growth is driven by demographic trends, increased streaming adoption, and expanding digital distribution channels, cementing Nigeria’s status as

Read more...

Eko Electricity Distribution Company (Eko Disco) has named Wola Joseph-Condotti as its new Chief Executive Officer, following the resignation of Rekhia Momoh, who led the company for nearly two years. Before her appointment, Joseph-Condotti served as Group Managing Director and CEO of West Power & Gas Limited, the former core investor in Eko Disco and

Read more...

Nigeria’s National Bureau of Statistics (NBS) has announced changes to its inflation reporting methodology after last year’s rebasing created an artificial spike in December data. Analysts had projected December’s year-on-year inflation to hit 30 percent, but the NBS clarified that this figure is not an official rate. The rebasing, the first in 15 years, used

Read more...

Zacch Adedeji, Chairman of the Nigerian Revenue Service (NRS), has clarified that the new tax laws introduced by the Federal Government are aimed at simplifying taxation, easing compliance, and promoting prosperity for both individuals and businesses. The laws, which took effect on January 1, 2026, have sparked misconceptions, but Adedeji stressed that their purpose is

Read more...

Staff of SUNU Group, a pan-African insurance company, marked the third anniversary of the passing of its founder, Dione Patte, with thanksgiving services and prayers across Africa, from Nigeria to other countries where the Group operates. Employees gathered in churches and mosques, wearing white at Christian services, to honor his vision, humanity, and enduring impact.

Read more...

Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has announced that Agusto & Co. upgraded its credit ratings for the 2025–2026 financial years. The company received a Long-Term Rating of A and a Short-Term Rating of A1, both with a Stable Outlook. The upgrade reflects growing confidence in the insurer’s financial resilience, governance, and

Read more...

The Economic and Financial Crimes Commission (EFCC) has returned N802.42 million to First Bank Nigeria Plc, recovered from N1.3 billion wrongly credited to a customer due to bank system glitches. The recovered funds were traced to Ojo Eghosa Kingsley, who, upon receiving the money, transferred portions to the accounts of his mother, Itohan Ojo, and

Read more...

Human rights lawyer Ifeanyi Ejiofor has criticized the reported release of 70 suspected bandits and jihadist terrorists by the Katsina State government, describing the move as a dangerous policy that could further destabilize Nigeria. In a statement on Wednesday, Ejiofor said the release, allegedly under the guise of a “peace accord,” rewards violence and substitutes

Read more...

A petrol-laden tanker, a motorcycle, and other properties worth millions of naira were destroyed in a fire at a petroleum station in Saki, Oyo State on Wednesday. The Oyo State Fire Service Chairman, Hon. Maroof Akinwande, confirmed the incident, stating that the fire engulfed a DAF trailer tanker (Reg. No. AAB943YL, Abuja) carrying 50,000 litres

Read more...