Nigeria Credit Rating Upgrade Boosts Reform Debate
By Oluwakemi Kindness Nigeria’s recent sovereign credit rating upgrade from B- to B has renewed discussions on the country’s economic direction and what it means for ordinary citizens. The upgrade reflects growing confidence in Nigeria’s ongoing economic reforms, although the country still remains below investment-grade status. To address these critical milestones, DataPro Limited, Africa’s fastest-growing […]
NCS Seeks Stronger International Trade, Security Partnership
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has stressed the need for stronger international cooperation, trust-building, and shared responsibility among nations to address emerging challenges in global trade and security. Comptroller-General of Customs, Adewale Adeniyi, stated this during a diplomatic cocktail reception by the Service in Abuja. The event brought together ambassadors, high commissioners, […]
SpaceX Stock Market Debut To Make Musk a Trillionaire
By Anayo Akwitti The space company is gearing up for what is expected to be the largest-ever stock market debut. SpaceX plans to raise up to $75bn (£56bn) when it goes public this month – putting Elon Musk on course to become the world’s first trillionaire. The space company is gearing up for what is […]
Debt, Revenue Losses Deepen Nigeria’s Electricity Sector Crisis
By Oluwakemi Kindness Nigeria’s electricity sector continues to face deepening financial and operational challenges as rising debt, weak revenue collection and persistent liquidity shortages threaten efforts to improve power supply across the country. Industry concerns over the sector’s financial sustainability have intensified amid ongoing struggles by Distribution Companies (DisCos) to recover payments from consumers and […]
NAICOM, Abia Partner to Protect Investments
By Oluwakemi Kindness The National Insurance Commission (NAICOM) and the Abia State Government have pledged closer collaboration to strengthen risk protection for businesses, safeguard economic activities, and boost investor confidence in the state. The commitment was made during a courtesy visit by the Commissioner for Insurance, Olusegun Ayo-Omosehin, who led a high-level delegation from Nigeria’s […]
Brent Climbs Above $94 as US-Iran Conflict Escalates
By Oluwakemi Kindness Oil prices rose more than three per cent on Monday after the United States and Iran exchanged fresh strikes while negotiations to end the more-than-three-month-old Middle East war continued. Brent crude, the benchmark for two-thirds of the world’s oil, climbed 3.33 per cent to $94.15 a barrel by 12:04pm UAE time. West […]
SEDC Selects 25 Startups for Venture Capital Support
By Oluuwakemi Kindness The South East Development Commission (SEDC) has selected 25 startups for funding, mentorship, and investor access under its inaugural South East Venture Capital Program (SEVCP), aimed at driving innovation, entrepreneurship, and economic growth across the South East. The announcement followed the conclusion of the programme’s pitch competition, which attracted startups operating in […]
NSITF Reaffirms Commitment to Protecting Vulnerable Workers
By Chinedu Echianu The Nigeria Social Insurance Trust Fund (NSITF) has reiterated its commitment to protecting vulnerable workers, particularly persons living with disabilities, through strengthened occupational safety and health measures across workplaces in the country. Managing Director of the Fund, Barrister Oluwaseun Faleye, stated this during a panel session at the recently concluded International Civil […]
Inflation, Low Purchasing Power Shape Sallah Markets in FCT
By Zainab Bakare As Muslims celebrate this year’s Eid Al-Adha, residents of the Federal Capital Territory (FCT) are cutting back on festive spending as inflation, stagnant incomes, and rising living costs continue to weaken purchasing power. Across major markets in Karu, Mararaba, Masaka, Kubwa, Dei-Dei, Lugbe, and Gwagwalada, traders and residents described this year’s Sallah […]
Insurers, Banks, Fintechs Unite to Deepen Insurance Coverage
By Oluwakemi Kindness Insurance operators, banks, fintech companies and regulators have agreed to strengthen collaboration aimed at driving growth, innovation and wider insurance coverage across Nigeria. The resolution was reached at the 21st Insurers Committee Meeting held in Lagos on Thursday, where stakeholders from across the financial services sector identified stronger cross-sector partnerships as key […]