Tuesday, June 23

Business

Investing in youth creates meaningful impact, says FMDQ

The Group Chief Operating Officer of FMDQ Group Plc, Tumi Sekoni, has asserted that achieving sustainable socio-economic development in Nigeria begins with deliberate corporate investments in financial literacy and the capacity building of the younger generation. Sekoni made this declaration…

Sui Addresses Three Network Outages With Major Upgrade

The Sui Foundation, the nonprofit organization behind the Sui Network, says it has made a “major upgrade” to address issues that caused three recent outages and left the blockchain down for more than 15 hours across two days.Sui experienced an…

Food imports drop by 7% – CBN data

Nigeria’s food import bill decreased to $2.34bn in 2025, marking a 7.37 per cent decline from the $2.53bn recorded the previous year. According to financial analysts, this shift signals a critical transition in the nation’s economic priorities. “We are seeing…

LAWMA converts old tyres  into household tables

The Lagos Waste Management Authority says it has achieved a milestone in environmental innovation and waste-to-wealth initiatives, as Team Zero Trace, a group of intern students at the agency’s academy, converted abandoned tyres retrieved from the Olusosun Landfill into creatively…

Wintermute Enters Prediction Markets as Liquidity Provider

Crypto liquidity provider and trading firm Wintermute says it is providing liquidity on prediction markets as the industry continues to expand.The firm, which handles $3.5 trillion in annual trading volume, said on Friday that it is extending its institutional trading…

CFAO bets on hybrid SUV  for Nigerian roads

The Suzuki Across 2026 has been launched into the Nigerian automobile market, with CFAO Mobility Nigeria handling its distribution. A statement from the firm on Sunday stated that the hybrid sport utility vehicle, designed for fuel efficiency, durability, and performance…

Manufacturing sector drives 77% forex surge

Nigeria’s total foreign exchange utilisation expanded by a massive 77 per cent in 2025, climbing from $26.65bn in 2024 to $47.17bn over the 12-month period, driven largely by a resurgence in non-agricultural sectors. A Lagos-based finance and economic expert, Sola…

White Hat Helps Recover  Million from 2016 ICO Project

A pseudonymous white hat hacker has helped recover $2 million worth of Ether locked in a faulty initial coin offering (ICO) smart contract for almost a decade.In a post to X on Sunday, the white hat, known as “0xflorent,” said…

Food imports drop by 7% – CBN data

Bad loans in Nigeria’s banking sector rose to 8.03 per cent in January 2026, seven months after the Central Bank of Nigeria moved to end regulatory forbearance granted to banks on some credit exposures and single obligor limit breaches. The…

Segilola inaugurates road, water projects in Osun

Segilola Resources Operating Limited has commissioned infrastructure and community development projects in Osun State, including a rehabilitated road network and a community-owned water production facility in Ijesaland. The projects were unveiled during a visit by His Imperial Majesty, the Owa…

Tinubu reforms stabilised economy, welfare lags – CPPE

The Centre for the Promotion of Private Enterprise has said the first three years of President Bola Tinubu’s administration were largely focused on restoring macroeconomic stability after inheriting significant fiscal, monetary, and foreign exchange challenges, but noted that the benefits…

Cooking gas prices surge despite higher domestic supply

The price of  Liquefied Petroleum Gas (cooking gas) has continued to rise across the country despite a significant increase in its domestic production and a decline in imports, The PUNCH reports. Data obtained from the Nigerian Midstream and Downstream Petroleum…

US, UK Central Bankers Offer Contrary Views on Stablecoins

US Federal Reserve governor Christopher Waller said Sunday that the growing use of dollar-backed stablecoins could bolster the global influence of US monetary policy.Waller told participants at the 32nd Dubrovnik Economics Conference that countries that increasingly rely on stablecoins backed…

Dangote retains Africa’s most admired brand title for eighth year

Dangote Industries Limited has emerged as Africa’s Most Admired African Brand for the eighth consecutive year, reinforcing its dominance across industrial, sustainability and social impact rankings. The company disclosed this in a statement on Sunday, noting that the recognition was…

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