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Business & Finance

DisCos’ Revenue Rises as Electricity Customers Hit 12.16m

  Nigeria's electricity distribution companies (DisCos) recorded stronger commercial performance in the fourth quarter of 2025, with revenue collections rising, metering improving and electricity supply...

Nigeria Draws First $1.5bn from $5bn Abu Dhabi Financing Facility

  The Federal Government says Nigeria has accessed the first $1.5 billion from its $5 billion financing arrangement with First Abu Dhabi Bank (FAB) to...

Capital Market Academics Back CBN Reforms, Call for Rate Cuts

  The Capital Market Academics of Nigeria (CMAN) has commended the Central Bank of Nigeria (CBN) for recent monetary policy reforms while urging the apex...

FG Urges Dangote, Others to Lower Fuel Prices, as IPMAN Seeks Chinese Partnership

  The Federal Government has stepped up efforts to ease the cost of petroleum products, directing marketers to reflect the recent decline in global crude...

FG Moves to Cut Telecomms Device Costs, Offers Incentives for Local Assembly Plants

  The Federal Government is seeking to reduce the cost of mobile phones and internet-enabled devices by encouraging global manufacturers to establish assembly plants in...

Ikeja Electric Names Successor as Soetan Moves to Sahara Group

  Electricity distribution company, Ikeja Electric, has appointed Mrs Ogochukwu Onyelucheya as its acting Chief Executive Officer, effective July 1, as the company reshuffles its...

Access Holdings Announces Retirement of Executive Director Bolaji Agbede

  Access Holdings Plc has announced the retirement of its Executive Director, Business Support, Ms Bolaji Agbede, effective June 30, 2026, following the expiration of...

Nigeria Seeks Strategic Partnerships to Revive Steel Industry

  The Federal Government has intensified efforts to attract investment into Nigeria’s steel industry, positioning the sector as a critical pillar of the country’s industrialisation...

THE FASHION ENTREPRENEURSHIP ECOSYSTEM IN AFRICA- FROM WOOL TO WEALTH

_Unlocking Africa’s $31B+ Fashion Economy Through Value Chains, Innovation & Government Action_ *Introduction* Fashion is no longer just about clothing. In Africa, it is a movement,...

Standard Chartered Nigeria Secures IFC Green Building Certification for Lagos Headquarters

  Standard Chartered Bank Nigeria has received the International Finance Corporation’s (IFC) EDGE Green Building Certification for its Lagos headquarters, reinforcing the growing adoption of...

Royal Air Maroc Targets Nigeria-US Travel Market with Lower Los Angeles Fares

  Royal Air Maroc (RAM) has intensified competition on the Nigeria-United States aviation corridor with the introduction of economy fares from Lagos to Los Angeles...

CBN Data Shows 91% of Currency Circulates Outside Banks

  More than 91 per cent of Nigeria's physical currency remained outside the banking system in May, underscoring the enduring dominance of cash transactions despite...