Nigerpost

Japan has implemented a significant change to its immigration policy, formally extending the residency requirement for most foreign workers seeking permanent residency from three to five years. The new regulation, enacted by the Immigration Services Agency of Japan, removes the previous pathway where a three-year visa could lead directly to a permanent resident application. Under […]

In response to circulating online speculation, Nigerian B2B e-commerce platform Alerzo has officially clarified its operational status. The company firmly denies it is conducting a general sale of assets, stating that only scrap and non-functional vehicles are being disposed of. This clarification comes directly from the founder and CEO, Mr. Adewale Opaleye, in a recent […]

The Lagos State Government has announced a significant phase in its ongoing infrastructure upgrade, with the planned closure of the Epe-bound carriageway on the Lekki–Ajah Expressway. The closure, stretching from the Admiralty Way Junction to Jubilee Bridge, is necessary for comprehensive rehabilitation works. This initiative follows the recent completion of the Chevron–Admiralty section and underscores […]

The Independent National Electoral Commission (INEC) has formally released a revised schedule for Nigeria’s 2027 General Elections, significantly moving the dates forward. In an official statement signed by National Commissioner and Chairman of its Information and Voter Education Committee, Malam Mohammed Kudu Haruna, the Commission announced the presidential and National Assembly elections will now be […]

The Nigerian Senate has formally called for a reversal to the previous decentralized payment system for contractors, citing significant inefficiencies in the current centralized model. This appeal was directed at the Federal Government’s Economic Management Team during a critical session on the 2026 budget framework. Chairman of the Senate Committee on Finance, Senator Sani Musa, […]

SCM Capital’s Frontier Fund Announces N18 Per Unit Distribution for 2026 SCM Capital’s Frontier Fund Declares N18 Distribution, Highlights 2025 Growth SCM Capital Asset Management Limited has announced a significant distribution for unitholders of its Frontier Fund. The open-ended unit trust scheme will pay N18.00 per unit to registered members on its register as of […]

Nigerian Equities Surge: All-Share Index Breaks 194,000 Barrier Nigerian All-Share Index Enters New Territory, Led by Healthcare and Finance Stocks The Nigerian equity market sustained its bullish run on February 20, 2026, as the benchmark All-Share Index (ASI) gained 0.99% to close at a historic 194,989.8 points. This performance propelled the index firmly past the […]

Bluebulb Launches Orbita: A Unified Treasury Platform for African Businesses Bluebulb Announces Orbita: A Self-Service Treasury Platform for African Businesses Cross-border payments within Africa are notoriously complex and expensive. Businesses on the continent pay an average of 7.4% to 8.3% in transaction fees, a figure that more than doubles the global Sustainable Development Goals benchmark […]

Federal Government Initiates 2024 Capital Project Payments, Sets March 2026 Implementation Deadline The Federal Government has officially commenced disbursements for outstanding capital projects from the 2024 budget. In a decisive move to accelerate budget execution, the administration has set a deadline of March 31, 2026, for the full implementation of the capital components of both […]

Why Growth, Power, and Productivity Will Define Nigeria’s Century of Plenty The Structural Path to Nigeria’s Prosperity: Growth, Power, and Productivity Can global living standards rise to match those of modern Switzerland by 2100? This ambitious question underscores a fundamental truth: prosperity is engineered, not accidental. For Nigeria, with a current GDP per capita under […]

January 2026 ETF Performance: Analyzing Nigeria’s Market Rally NGX ETFs See Extraordinary January Rally Driven by Investor Demand The Nigerian Exchange (NGX) witnessed a remarkable surge in its Exchange-Traded Funds (ETFs) sector in January 2026. This performance, characterized by significant price appreciation, was primarily driven by heightened investor demand and order-flow dynamics rather than fundamental […]

Nigeria’s January 2026 Inflation Forecast: Analysts Project Stability or Slight Uptick Analysts Forecast Nigeria’s January 2026 Inflation to Hold Steady or Edge Higher Economic analysts project Nigeria’s inflation rate for January 2026 will remain broadly flat or experience a marginal increase. This outlook suggests limited room for sharp moderation, despite observable price relief in certain […]

The Double-Edged Sword: Navigating the Risks of a Rapidly Appreciating Naira The Double-Edged Sword of Naira Appreciation The recent sharp appreciation of the Nigerian Naira, after a prolonged period of depreciation, presents a complex economic narrative. While a stronger currency signals stability and offers political vindication, its rapid rise, particularly when driven by volatile capital […]

Nigeria’s Capital Importation Soars 380% to $6.01 Billion in Q3 2025 Nigeria’s Capital Importation Soars 380% to $6.01 Billion in Q3 2025 According to the latest data from the National Bureau of Statistics (NBS), Nigeria witnessed a dramatic surge in capital importation during the third quarter of 2025. Total inflows reached $6.01 billion, marking an […]

Nigeria’s Capital Importation Hits $16.7bn, a Six-Year High for 9M 2025 Nigeria’s Capital Inflows Surge to $16.7 Billion, Highest Since 2019 Newly released data from the National Bureau of Statistics reveals Nigeria’s capital importation reached $16.78 billion in the first nine months of 2025, surpassing the full-year 2024 total of $12.32 billion. This marks the […]

SEC Champions Capital Market Investment for Civil Servants’ Retirement, Housing SEC Partners with Civil Service to Drive Investment Culture for Retirement, Housing The Securities and Exchange Commission (SEC) is spearheading a strategic initiative to transform Nigerian civil servants into active capital market participants. The goal is to leverage investment opportunities to enhance long-term retirement security […]

Banana Island Bans Short-Lets: Security, Investment, and Housing Debate Erupts Banana Island Enforces Ban on Short-Let Rentals Following Security Concerns The exclusive Banana Island estate in Ikoyi, Lagos, has officially prohibited short-term and Airbnb-style rentals. This decisive move comes in direct response to reported criminal activities allegedly linked to transient occupants. While the Banana Island […]

Federal Government Implements 40% CAA Increase for ASUU Members Federal Government Begins Implementation of 40% CAA Increase for ASUU The Federal Government of Nigeria has commenced the implementation of a 40% increase in the Consolidated Academic Allowance (CAA) for lecturers who are members of the Academic Staff Union of Universities (ASUU). The announcement was made […]

NAHCON Chairman Abdullahi Usman Resigns Citing Personal Reasons NAHCON Chairman Abdullahi Usman Steps Down Professor Abdullahi Usman has formally resigned from his position as Chairman and Chief Executive Officer of the National Hajj Commission of Nigeria (NAHCON). His resignation, effective February 9, 2026, marks an abrupt conclusion to his tenure leading the agency responsible for […]

President Tinubu Appoints New Leadership for SHETCO and NEMSA President Tinubu Announces Key Appointments for SHETCO and NEMSA In a strategic move to bolster Nigeria’s science and power sectors, President Bola Tinubu has approved new leadership appointments for two critical agencies. According to an official statement from the Special Adviser to the President on Information […]

EMTL Allocations Surge 111% to N416.73 Billion in 2025 | Digital Tax Revenue Analysis EMTL Revenue Jumps 111% to N416.73 Billion in 2025, Highlighting Digital Payment Growth According to official data from the Federation Account Allocation Committee (FAAC), total Electronic Money Transfer Levy (EMTL) allocations to Nigeria’s federal, state, and local governments soared to N416.73 […]

Dangote Refinery Clarifies Operations, Denies Importing Finished Fuel Dangote Refinery Addresses Import Allegations, Details Standard Global Practices Dangote Petroleum Refinery & Petrochemicals (DPRP) has issued a firm rebuttal against recent reports alleging it imports finished petroleum products. The company categorically labeled these claims as false and misleading, attributing them to a fundamental misunderstanding of international […]

UAC Completes Post-Acquisition Consolidation of C.H.I. Limited UAC of Nigeria Plc Streamlines Structure with C.H.I. Limited Consolidation UAC of Nigeria Plc has announced the completion of a key administrative step following its acquisition of beverage maker C.H.I. Limited. The company has formally consolidated its acquisition special purpose vehicle (SPV), UAC Food and Beverage Company Limited, […]

Conoil Plc Navigates 2025 Challenges: A Path to Recovery in 2026 Conoil Plc Navigates 2025 Challenges: A Path to Recovery in 2026 Conoil Plc faced significant headwinds in its 2025 fiscal year, as revealed by its unaudited results. The company reported a stark 77% decline in profit, with earnings per share (EPS) falling to a […]

CBM Commits €15 Million to Transform Eye Health Across 14 Nigerian States Major Investment Launched to Combat Preventable Blindness in Nigeria The Christian Blind Mission (CBM), an international non-governmental organization, has announced a significant €15 million investment to strengthen eye care infrastructure across 14 states in Nigeria. The initiative, titled the SightQuest Nigeria Programme, was […]

Stanbic IBTC Reports 82% Surge in 2025 Pre-Tax Profit to N552 Billion Stanbic IBTC Holdings Announces Record 2025 Financial Performance Stanbic IBTC Holdings Plc has unveiled its unaudited financial results for the year ended December 31, 2025, posting a remarkable pre-tax profit of N552 billion. This figure represents an 81.6% increase from the N303.8 billion […]

Affordable Study Abroad: 7 Countries with Proof of Funds Under $9,000 Navigating Affordable International Education: A Guide to Lower Proof-of-Funds Requirements For many Nigerian students, the dream of studying abroad is often challenged by the substantial financial proof required for visa applications. This demand frequently compels families to undertake significant financial measures, including borrowing or […]

2026 Budget Analysis: Top 10 Road Projects Receiving Major Funding Federal Government Prioritizes Critical Highway Projects in 2026 Budget As the backbone of Nigeria’s economy, road transportation facilitates trade, commerce, and the daily movement of citizens. Recognizing this, the Federal Government’s proposed N58.18 trillion 2026 Appropriation Bill designates a significant portion of its N6.08 trillion […]

Presco Plc Reports N178.56 Billion Pretax Profit for 2025 on Robust Growth Presco Plc Announces Record N178.56 Billion Pretax Profit for 2025 Financial Year Presco Plc has unveiled a formidable financial performance for the year ended December 31, 2025, declaring a profit before tax of N178.56 billion. This result marks a substantial 57.3% increase from […]

UACN Reports 2025 Unaudited Results: Revenue Soars Amid Profit Pressures UACN 2025 Financial Review: Robust Revenue Growth Contrasts with Profit Decline UAC of Nigeria PLC has announced its unaudited financial results for the period ended December 31, 2025. The conglomerate reported a pre-tax profit of N7.5 billion, a significant decrease from the N25.5 billion recorded […]

Toyin Abraham’s ‘Oversabi Aunty’ Makes N1 Billion Box Office History Toyin Abraham’s ‘Oversabi Aunty’ Achieves N1 Billion Box Office Milestone Nollywood powerhouse Toyin Abraham has cemented her commercial dominance with her latest directorial venture, “Oversabi Aunty,” officially crossing the N1 billion mark at the Nigerian box office. This landmark achievement reinforces Abraham’s status as one […]

US Trade Surplus with Nigeria Reaches $1.45 Billion in 2025 US-Nigeria Trade Dynamics Shift, Yielding $1.45 Billion Surplus for Washington In a significant reversal of trade flows, the United States recorded a $1.45 billion goods trade surplus with Nigeria in the first ten months of 2025. This marks a decisive shift from the $1.367 billion […]

Air Peace and Emirates Forge Interline Agreement for Seamless Travel to London and Beyond Air Peace and Emirates Announce Major Interline Partnership In a significant development for African aviation, Air Peace and Emirates have formally activated a bilateral interline agreement. This partnership facilitates seamless, single-ticket travel for passengers connecting between West and Central Africa, the […]

Infinity Trust Mortgage Bank Reports 75.1% Surge in Pre-Tax Profit for 2025 Infinity Trust Mortgage Bank Announces Robust 2025 Financial Performance Infinity Trust Mortgage Bank Plc has published its unaudited financial results for the year ended December 31, 2025, revealing a year of exceptional growth and profitability. The bank reported a pre-tax profit of N3.02 […]

NGX All-Share Index Gains Marginally as CHAMS, Access Holdings Lead Activity NGX All-Share Index Edges Higher to 165,517 Points Amid Cautious Trading The Nigerian Exchange Limited (NGX) closed its trading session on Monday, January 26, 2026, with a slight upward movement. The benchmark All-Share Index (ASI) rose by 5.4 points to settle at 165,517.6 points, […]

FCCPC Enforces Digital Lending Rules, Revokes Approvals for Non-Compliant Loan Apps FCCPC Initiates Enforcement Against Unregistered Digital Lenders The Federal Competition and Consumer Protection Commission (FCCPC) has commenced enforcement actions against digital money lenders that failed to meet the registration deadline under the 2025 Digital Lending Rules. This decisive move marks a critical step in […]

NGX Exchange Traded Funds: A Strategic Outlook for 2026 Investment Navigating NGX Exchange Traded Funds for 2026: A Data-Driven Perspective The Nigerian Exchange-Traded Fund (ETF) market sustained a significant growth trajectory through 2025, following a robust performance in 2024. Official Securities and Exchange Commission (SEC) valuation reports from January 3 and December 24, 2025, detail […]

Taraba State Launches Criminal Case E-Filing Portal for Judicial Modernization Taraba State Judiciary Embraces Digital Transformation with New E-Filing Portal In a significant move to modernize its legal framework, the Taraba State Government has officially launched a dedicated portal for the electronic filing of criminal cases. Governor Agbu Kefas inaugurated the system through the Nigerian […]

Indigenous Contractors Resume Abuja Protests Over N4 Trillion Federal Debt Indigenous Contractors Resume Protests in Abuja Over Unpaid N4 Trillion Federal Debt Indigenous contractors under the aegis of the Association of Indigenous Construction Contractors of Nigeria (AICAN) have resumed protests in Abuja, demanding the settlement of an alleged N4 trillion debt for completed federal capital […]

2025 Marks Unprecedented Peak in Global Billionaire Population, Report Reveals Global Billionaire Count Reaches Historic 3,000 in 2025 A landmark report reveals the global billionaire population has reached an all-time high of 3,000 individuals in 2025. This milestone underscores an accelerating concentration of wealth, with the collective assets of the ultra-wealthy now surpassing those held […]

John Holt Shares Surge 42.9% in 2026: Analyzing the Rally Amid Fundamental Risks John Holt’s 2026 Share Price Rally: A Closer Look at the Underlying Fundamentals John Holt Plc has recorded a striking 42.9% year-to-date gain in 2026, a performance that would typically signal robust investor confidence. However, for this established conglomerate, the sharp ascent […]

Microfinance Banks’ Non-Financial Assets Reach Record N358.787 Billion Microfinance Sector Sees Record Growth in Non-Financial Assets In a significant indicator of sectoral expansion, the non-financial assets held by Nigeria’s microfinance banks surged to a record N358.787 billion as of June 2025. According to the latest Central Bank of Nigeria (CBN) data, this figure marks the […]

Coal India Explores Global Rare-Earth Mining Partnerships to Diversify Supply Coal India Pursues International Rare-Earth Mining Ventures In a strategic move to secure critical mineral supplies, Coal India Limited is actively exploring rare-earth mining partnerships across multiple continents, including Australia, Russia, and several African countries. This initiative is part of India’s broader effort to reduce […]

UN Warns of Catastrophic Hunger in Nigeria’s North-East Amid Aid Cuts UN Agency Warns of Decade’s Worst Hunger Crisis in North-East Nigeria The United Nations World Food Programme (WFP) has issued a stark warning that Nigeria’s conflict-affected north-east faces the most severe risk of catastrophic food shortages in nearly a decade. Aid reductions, driven by […]

Lagos State Clarifies Demolition Policy, Denies Ethnic Bias in Enforcement Lagos State Authority Reaffirms Law-Based Demolition Policy The Lagos State Physical Planning Permit Authority (LASPPPA) has issued a firm rebuttal against claims of ethnic bias in its ongoing enforcement exercises. The Authority’s General Manager, Tpl. Kehinde Osinaike, emphasized that the sealing and demolition of structures […]

CAF Reports 90% Surge in AFCON Commercial Revenue, Highlighting Global Growth AFCON Commercial Revenue Soars 90%, Marking a New Era for African Football The Confederation of African Football (CAF) has announced a landmark 90% increase in commercial revenue for the Africa Cup of Nations (AFCON), declaring the recent Morocco-hosted tournament the most commercially successful in […]

OpenAI Announces Global ChatGPT Ad Rollout, Begins U.S. Test OpenAI to Introduce Advertising in ChatGPT, Starting with U.S. Test OpenAI has announced a strategic shift to incorporate advertising within its ChatGPT platform, initiating a global rollout with a test phase in the United States in the coming weeks. This move marks a significant evolution in […]

TD Africa Champions Homegrown Innovation as Headline Sponsor of Enugu Tech Fest 2026 Design Challenge TD Africa Invests in Practical Innovation at Enugu Tech Fest 2026 TD Africa, the continent’s foremost technology distributor and ecosystem enabler, has reinforced its commitment to Africa’s digital future by assuming the role of Headline Sponsor for the Design Thinking […]

Leadership Transition at International Breweries: Coutino Departs, Kade Appointed MD International Breweries Announces Managing Director Transition International Breweries Nigeria PLC has formally notified the Nigerian Exchange Limited (NGX), its shareholders, and the investing public of a significant leadership change. The company’s Board has accepted the resignation of Mr. Carlos Coutino from his roles as Managing […]

Market Analysis: ASI Extends 2026 Rally to Nine Days, Hits Record High Nigerian Equities Scale New Peak as All-Share Index Extends Winning Streak The Nigerian Exchange concluded trading on Wednesday, January 14, 2026, firmly in positive territory, marking its ninth consecutive session of gains for the year. The benchmark All-Share Index advanced by 934.7 points, […]