Author: Ifetayo Adeniyi

Nigeria records 6% trade surplus, economy on steady rebound – Cardoso CBN Governor, Olayemi Cardoso. Photo: CBN / X … surplus is expected to remain stable in the near term as policy reforms continue. The Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Wednesday disclosed that Nigeria’s trade surplus has risen to six per cent of the nation’s Gross Domestic Product, attributing the improvement to ongoing macroeconomic reforms by the Bola Tinubu administration. Cardoso, who spoke at the G24 press briefing on the sidelines of the IMF/World Bank Annual Meetings in Washington, D.C., said the surplus is expected…

FG eyes 600,000 bpd crude increase from new investments The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has projected a boost of approximately 600,000 barrels per day in Nigeria’s crude oil production, driven by a surge in new investments in the upstream sector. It stated that the additional output would come from the 28 Field Development Plans approved so far in 2025, which are expected to deliver about 600,000 barrels of crude oil and over 2 billion standard cubic feet of gas per day. If realised, this would raise Nigeria’s daily crude production to about 1.89 million barrels,…

UBA set to unveil Whitepaper on Africa’s Financial Infrastructure UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba United Bank for Africa (UBA) Plc, is set to reinforce its role in shaping the continent’s financial ecosystem with the launch of its landmark whitepaper. The whitepaper, titled “Banking on Africa’s Future: Unlocking Capital and Partnerships for Sustainable Growth,” will be unveiled on the sidelines of the World Bank-International Monetary Fund (IMF) Annual Meetings in October 2025 in Washington, D.C., placing Africa’s economic agenda at the heart of global financial discussions. The document presents a comprehensive and actionable framework for unlocking Africa’s vast…

Nigerian Bottling Company Expands Portfolio With Launch Of Iconic Plazma Biscuit In Nigeria  L- R: Snacks & Coffee Business Manager, Nigerian Bottling Company (NBC), Abdulbasit Qureshi; Regional Sales Director, NBC, Segun Olugotun; Managing Director, NBC, Goran Sladic; Managing Director/CEO, Obabukola Ventures (NBC Distributor), Alhaja Bukola Sheu; Sales Director, NBC, Chris Christodoulakis; and the Commercial Manager, NBC, Emmanuel Aluede at the official unveiling and first sale of Plazma biscuits in Nigeria, by the Managing Director, Nigerian Bottling Company, in Ikeja.  … launches a new taste in satisfying customers appetite. Nigerian Bottling Company (NBC) Ltd., a leading consumer packaged goods company and…

Dangote Retains Nigeria’s Most Valuable Brand Title For Eighth Consecutive Year Dangote Industries Limited has once again reaffirmed its dominance as Nigeria’s Most Valuable Brand, emerging at the top of the Top 50 Brands Nigeria 2025 ranking for the eighth consecutive year. The latest report, now in its 13th edition, highlights the most admired and resilient brands powering Nigeria’s economy. Dangote achieved a Brand Strength Measurement (BSM) Index of 86.3, maintaining its position as Africa’s leading industrial conglomerate and the most trusted brand in Nigeria. This recognition echoes the Group’s consistent commitment to industrial excellence, innovation, and impact across key…

Finance Minister, Wale Edun Seen at London Art Fair File: Minister of Finance and Coordinating Minister of the Economy, Wale Edun. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has been sighted at the O’DA Art Gallery booth during the 1-54 London Art Fair. A short video shared on X (formerly Twitter) on Wednesday showed Edun in the company of two other people at the event. Edun had taken ill and was initially receiving treatment in Nigeria. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed the development. However, a follow-up report…

Nigeria’s inflation drops to 18.02% File: Inflation Nigeria’s headline inflation rate dropped to 18.02 per cent in September compared to 20.12 per cent in August. This was disclosed by the National Bureau of Statistics on Wednesday, indicating the sixth consecutive month of deceleration in inflation. According to NBS, on a year-on-year basis, the headline inflation rate was 14.68 per cent lower than the rate recorded in September 2024 (32.70 per cent), showing that the headline inflation rate (year-on-year basis) decreased in September 2025 compared to the same month in the preceding year. “However, on a month-on-month basis, the Headline inflation…

New INEC chair Amupitan to be screened on Thursday – Senate Prof. Joash Amupitan … screening to hold in the Senate Chamber of the National Assembly Complex. The Senate will on Thursday screen Professor Joash Amupitan, President Bola Tinubu’s nominee for the position of Chairman of the Independent National Electoral Commission. The announcement was contained in a circular issued on Wednesday by the Director of Information of the Senate, Bullah Audu Bi-Allah, and made available to journalists in Abuja. The development comes less than 24 hours after Tinubu’s letter seeking Amupitan’s confirmation was read on the Senate floor by the…

Zenith Bank assures of commitment to improving shareholders’ investments GMD/CEO, Nigerian Exchange Group, Mr. Temi Popoola (left); Group Managing Director/CEO, Zenith Bank Plc, Dr. Adaora Umeoji; Chairman and Founder, Zenith Bank Plc, Jim Ovia Group Chairman, Nigerian Exchange Group, Umaru Kwairanga; Director-General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama; CEO, Nigerian Exchange (NGX), Mr. Jude Chiemeka; and CEO, Central Securities Clearing System Plc, Mr. Haruna Jalo-Waziri at the Closing Gong Ceremony of the Nigerian Exchange Limited, yesterday. … Rasheed Yusuf praised Jim Ovia for his vision and direction. Zenith Bank Plc’s Founder and Chairman, Dr Jim Ovia, accompanied by…

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem For Africans Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has announced the launch of the Heirs Insurance Travel Festival, scheduled to take place on November 29, 2025, in Lagos. The one-day festival is a bold call for inclusive travel ecosystem for Africans, and will convene thousands of attendees, including travel ecosystem stakeholders, embassy representatives, tourism content creators, and travel lovers, across the tourism value chain for a first-of-its-kind immersive celebration of global cross-border tourism and culture. With the theme “Promoting Cultural Diversity and an Inclusive Travel…