Information Minister Mohammed Idris has urged Nigerian entrepreneurs to utilise President Bola Tinubu’s N200 billion business funds to grow their enterprises. Mr Idris made the call during a town hall meeting with stakeholders in Enugu on Thursday. He said the Tinubu administration had created
President Bola Ahmed Tinubu has raised an alarm over Nigeria’s heavy reliance on imported steel, revealing that more than 90 percent of the steel consumed in the country is sourced from abroad despite vast local deposits of iron ore, limestone, and coal. He declared that the federal government is committed to reviving the long-dormant Ajaokuta […]
The National Insurance Commission (NAICOM) has announced the commencement of the insurance industry recapitalisation exercise, effective 31 July 2025, following the enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and its assent by President Bola Tinubu on the same day. In a circular dated 12 August 2025 and signed by Usman Jankara, deputy […]
Africa’s $250 billion pension fund assets could be a game-changer for closing the continent’s widening oil and gas financing gap if channelled into critical energy infrastructure, industry leaders have said. Speaking at the African Refiners and Distributors Association (ARDA) Week Conference in Cape Town, Rene Awambeng, founder and managing partner of Premier Investment
Bitcoin lost ground in early Tuesday trading, slipping 2 per cent over the past 24 hours to $118,400, as profit-taking and mixed market sentiment halted its push toward a new all-time high. Despite the daily decline, the world’s largest cryptocurrency remains up 3.19 per cent over the past week, according to data from coinmarketcap.com. Ethereum […]
BY MOTOLANI OSENI The National Insurance Commission (NAICOM) has inaugurated an 11-member 2025 Recapitalisation Committee to oversee the implementation of the newly approved Nigeria Insurance Industry Reform Act (NIIRA) 2025, signed into law by President Bola Ahmed Tinubu. Chaired by Mrs. Oluwatoyin Charles, NAICOM’s Director of Supervision, the Committee is tasked with
The Manufacturers Association of Nigeria (MAN), Ogun state branch, has advised manufacturers to explore alternative funding sources as high interest rates and macroeconomic pressures continue to constrain access to credit. George Onafowokan, chairman of the Ogun chapter of MAN, gave the advice at the association’s 40th Annual General Meeting held in Abeokuta. Themed
Nigeria’s pension fund assets rose to N24.63 trillion in June 2025, reflecting continued investor confidence and strategic shifts in portfolio allocation, according to the National Pension Commission (PenCom). The figure represents a 2.17 percent increase from N24.11 trillion in May, and a year-on-year growth of 20.24 percent. The uptrend was largely driven by increased
Ikenna Ikeme, general manager of regulatory affairs at MTN Nigeria, says telecommunications infrastructure should be treated as vital national assets — not just the property of telecom providers. Ikeme spoke in Lagos during an engagement with fellows of the MTN Media Innovation Programme. He said telecom infrastructure often comes under attack during disputes, with angry














