The Nigerian Agricultural Insurance Corporation (NAIC) has expressed its readiness to collaborate with the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) to advance agricultural development and sustainability across Nigeria. This was made known on Tuesday during a courtesy visit by ICRISAT representatives to NAIC’s head office in Abuja, where both parties explored areas…
Investor appetite for Nigeria’s sustainable finance instruments remained strong as the Federal Government’s third Sovereign Green Bond recorded subscription of N91.42 billion—significantly above its N50 billion offer size. The Debt Management Office (DMO), which announced the result in a statement issued Thursday in Abuja, said the offer closed on Wednesday, June 18, 2025. This latest…
Nigeria’s foremost capital market entities have unveiled strategic initiatives aimed at bolstering cross-border investments, particularly between Nigeria and China. The Nigerian Exchange Group (NGX Group) and the Securities and Exchange Commission (SEC) have indicated that their ongoing engagements in China are part of a broader strategy to enhance Nigeria’s integration with global financial markets and…
The Standard Organisation of Nigeria (SON) has condemned the surge of substandard products in Nigerian markets, primarily caused by importers. The organisation also alerted local manufacturers to cease the production of inferior goods for local consumption. During a workshop entitled “Growing Businesses Through Standardisation” in Abakaliki, Ebonyi State, Dr Ifeanyi Okeke, SON’s Director General, highlighted…
The Minister of Transportation, Senator Said Ahmed Alkali, has extended an invitation to Chinese and other foreign investors to contribute to Nigeria’s railway infrastructure development. During his address at the 16th International Infrastructure Investment and Construction Forum (IIICF) in Macao, China, the Minister highlighted various investment avenues, including power supply schemes, integrated security solutions, and…
In a significant move, the Nigeria Civil Aviation Authority (NCAA) has sanctioned a new, passenger-oriented solution crafted by a consortium to alleviate travel issues, particularly those linked to operational and weather-related disruptions. The “Propel Reprotection System” is an innovative technological platform designed to assist Nigerian airlines in re-protecting passengers during flight disruptions. This system enables…
Amazon has announced plans to invest a minimum of $20 billion in Pennsylvania to bolster its data centre infrastructure, reinforcing the company’s commitment to artificial intelligence development and cloud computing expansion. The move highlights Big Tech’s growing dedication to substantial capital investments in generative AI, as leading global firms continue to compete in delivering the…
The Federal Government has approved maintenance dredging of the $1.5 billion Lekki Deep Seaport channel from 16.5 metres to 17 metres, targeting 19 metres eventually. Managing Director of Nigerian Ports Authority (NPA), Abubakar Dantsoho, disclosed this in a statement on Sunday by Mr Okechukwu Onyemekara, General Manager, Communication and Strategy, after a weekend visit. Dantsoho…
The naira has demonstrated a consistent appreciation against the dollar throughout the week, closing on Friday at ₦1,580.44 in the official foreign exchange market. According to data from the Central Bank of Nigeria’s website, the naira strengthened by ₦4.51 against the dollar on Friday, reflecting a 0.28 per cent increase from Thursday’s closing rate of…
The Ministers of Foreign Affairs of Member States of the European Union (EU) and the African Union (AU) are set for the 3rd AU-EU ministerial meeting in Brussels, Belgium. This is contained in a statement issued on Wednesday by Mrs Wynne Musabayana, Head of Communication of the African Union Commission (AUC). She said the meeting…
