NIRSAL Approves N100bn Credit to Boost Agriculture in 2025
By Oluwakemi Kindness The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), says it closed 2025 with a record of N100 billion in approved credit guarantees for agricultural loans and investments across the country. Managing Director of NIRSAL, Sa’ad Hamidu, described the figure as the institution’s highest annual finance facilitation since inception, noting that […]
Yuletide: FCCPC Cautions Road Transporters Against Arbitrary Fare Hikes
By Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) has cautioned inter-city road transport operators against arbitrary and unexplained fare increases during the ongoing yuletide travel season. The warning on Sunday follows a surge in consumer complaints across several parts of the country over sudden hikes in transport fares. The Commission acknowledged […]
FG Steps Up Drive for Sugar Self-Sufficiency
Reporting By: Oluwakemi Kindness The Federal Government has intensified efforts to achieve self-sufficiency in sugar production, as the Minister of State for Industry, Senator John Owan Enoh, commenced a nationwide inspection of major sugar projects to accelerate full-scale production. A statement on Thursday said the inspections, which began with the Lafiagi Sugar Company (LASUCO) […]
Nigeria Records Over $10bn Capital Inflows in First Half of 2025 – NIPC
Reporting by Oluwakemi Kindness The Nigerian Investment Promotion Commission (NIPC) says Nigeria recorded over 10 billion dollars in capital inflows in the first half of 2025, signaling renewed investor confidence and the positive impact of ongoing economic reforms. The Executive Secretary of the Commission, Aisha Rimi, disclosed this on Thursday at a media engagement in […]
Cardoso Reaffirms Nigeria’s Commitment to Macroeconomic Stability, Transparent Markets
By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed Nigeria’s commitment to macroeconomic stability, rules-based economic management and transparent markets. Cardoso made this known while engaging senior business leaders and institutional investors at the U.S.–Nigeria Executive Business Round table in Washington, D.C. He underscored Nigeria’s reform agenda and […]
SMEDAN Brokers ₦12bn Loans for Small Businesses, Targets 250,000 Businesses
By Oluwakemi Kindness The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it is brokering ₦12 billion in single-digit loans for small businesses. This is as it targets the formalisation of 250,000 enterprises in 2026. The Director-General of SMEDAN, Charles Odii, disclosed this on Wednesday during the agency’s 2025 annual engagement, noting that […]
NMDPRA, NUPRC Chief Executives Resign, Tinubu Nominates Replacements
By Chinedu Echianu The Chief executives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Farouk Ahmed and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Gbenga Komolafe have resigned their appointments with immediate effect. Ahmed’s resignation follows corruption allegations levelled against him by the Chairman of Dangote Group, Aliko Dangote. It is not […]
Breaking: NLC Denies Calling Off Nationwide Protest
By Chinedu Echianu The Nigeria Labour Congress (NLC) has dismissed reports suggesting that it has called off its planned protest against rising insecurity across the country. labour clarified that its meeting with President Bola Tinubu on Tuesday night did not lead to any decision to suspend the protest scheduled for today. Speaking to journalists […]
NDIC Begins Liquidation of Aso Savings, Union Homes, Following Licence Revocation
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has began the liquidation of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc following the revocation of their operating licences by the Central Bank of Nigeria (CBN). In a notice to depositors and the public on Tuesday, the NDIC said it was […]
NEZA Commends NEPZA, OGFZA on Call for 10-Year Tax Moratorium
By Oluwakemi Kindness The Nigeria Economic Zones Association (NEZA) has applauded the Managing Directors of the Nigeria Export Processing Zones Authority (NEPZA) and the Oil and Gas Free Zones Authority (OGFZA) for advocating a ten-year moratorium on implementing the National Tax Policy (NTA) within Nigeria’s Free Zones. In a statement on Tuesday, NEZA describs the […]