FEC Meeting Presided Over by President Bola Tinubu Your browser does not support the video tag. FEC Prioritises Local Industry Under ‘Nigeria First’ Policy The Federal Executive Council (FEC), presided over by President Bola Tinubu, yesterday, approved a new policy framework tagged ‘Renewed Hope Nigeria First Policy’ aimed at strengthening Nigeria’s domestic economy, prioritising local

Rite Foods Limited has once again resorted to legal action—this time targeting Mamuda Beverages Nigeria Limited over its Pop Power Energy Drink, alleging trademark infringement and imitation. This follows a familiar pattern: in 2021, Rite Foods filed a similar suit against NBC’s Predator Energy Drink, which the Federal High Court dismissed as baseless. Such repeated

Despite the consistent market demand for essential goods, Nigerian manufacturers face significant power challenges. One manufacturer is addressing this issue by transitioning from the unstable grid supply to gas plants. Ifeyinwa C. Udeagbala, executive director at Kitchen Vegetable Oil, said the high cost of grid power and the instability of the electricity supply, which poses

Gen Z is refining workplace values and operations to a more flexible, tech-driven productivity approach, team and collaborative work vibes. This work approach, initial maximum efficiency, and increased business productivity. BusinessDay Gen Z pick for April 2025 aims to deepen understanding of Gen Z’s expectations in the workplace to foster healthier, more productive environments. As

At least seven people have been killed and 20 others injured after a hospital and a local market were bombed in South Sudan’s Jonglei State, according to the medical charity Médecins Sans Frontières (MSF), as tensions mount and warnings of renewed civil war intensify. MSF reported that a helicopter gunship dropped a bomb on the

Sidi Ould Tah, Mauritania’s candidate for the African Development Bank (AfDB) presidency, will lay out his policy vision on Tuesday, May 6, during a press briefing with international media in Nouakchott. Tah, a seasoned banker and head of the Arab Bank for Economic Development in Africa (BADEA) until last month, is one of five candidates

Dangote Refinery Vested Group Still Frustrating Our Refinery — Dangote Your browser does not support the video tag. The President of Dangote Group, Alhaji Aliko Dangote, says he is still fighting for the survival of his $20bn refinery, stressing that the fight is not yet finished. Dangote expressed optimism that he would win the fight

New Naira Notes Naira Printing Costs Jump 306% Your browser does not support the video tag. The Central Bank of Nigeria (CBN) spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent compared to N77.67bn recorded in 2023, the apex bank’s audited financial statement for the year has shown.

AFRICAN DEVELOPMENT BANK Your browser does not support the video tag. AfDB Launches $2.95bn Five Year Strategy for Nigeria THE African Development Bank (AfDB) has launched a new five-year Country Strategy Paper (CSP) for Nigeria, marking a significant commitment to support the country’s development priorities amid concerns about the historical inconsistency in national planning. The

FOREX FX Market Inflows Drop by 5.6% in April Your browser does not support the video tag. The Financial Market Dealers Quotation (FMDQ) in its anal­ysis of the Nigerian economy for April 2025, has said that the total inflows into the country’s exchange market dropped by 5.7 percent to $6.67 billion when compared to March

World Bank Group Poverty Rising in Rural Nigeria, World Bank Says Your browser does not support the video tag. The World Bank has raised a fresh concern over the rising poverty in Nigeria, saying that a staggering 75.5 per cent of rural dwellers live below the poverty line. The World Bank stated this in its

Professor Isa Ali Pantami Foundation has extended humanitarian support to victims and families affected by Easter incident in Billiri Local Government Area of Gombe State. Your browser does not support the video tag. The Professor Isa Ali Pantami Foundation has extended humanitarian support to victims and families affected by the recent Easter incident in Billiri