Nigerpost

In a significant restructuring move, Nigerian digital bank Kuda has terminated the employment of hundreds of staff across multiple departments. The decision, communicated to affected employees via a video call with senior executives, is part of a company-wide reorganization aimed at repositioning the fintech for its next growth phase. Internal company documents and sources familiar […]

A strategic shift toward financial resilience is underway within Nigeria’s fast-moving consumer goods (FMCG) sector. Recent audited financial statements for 2025 reveal that eight major FMCG companies listed on the Nigerian Exchange (NGX) collectively reduced their total borrowings by 28%, from N1.66 trillion in 2024 to N1.20 trillion. This significant deleveraging highlights a concerted effort […]

The Federal Government of Nigeria has officially commenced registration for a landmark nationwide program targeting the training of 10 million citizens in financial literacy and inclusion. This comprehensive initiative is a cornerstone of the nation’s strategy to build a more economically empowered populace, directly equipping participants—with a focus on women and youth—with the essential financial […]

In a decisive enforcement action underscoring its regulatory mandate, the National Agency for Food and Drug Administration and Control (NAFDAC) has destroyed counterfeit, substandard, and unwholesome products valued at over Nine Hundred and Thirty-Nine Million Naira (N939 million). The public destruction exercise was conducted at the Anambra State Waste Management dumpsite in Awka, under the […]

At the recent Nairametrics Money Fair WISE 1.0, industry leaders gathered to discuss the future of finance. The event, a premier investment and financial empowerment marketplace, provided a crucial platform for dialogue on navigating Nigeria’s evolving economic landscape. During a panel titled “Investing in Nigeria in 2026: Asset Classes, Timing Windows, Digital Tools, and Risk […]

Financial experts have pinpointed critical errors that could undermine portfolio performance in the coming year. A panel at the Nairametrics Money Fair (WISE 1.0), held on March 18, 2026, in Lagos, emphasized that avoiding common missteps is as crucial as identifying opportunities. The session, “Investing in Nigeria in 2026: Asset Classes, Timing Windows, Digital Tools, […]

Murtala Mohammed Airport Terminal 2 (MMA2) is set to enhance its customer service with the introduction of a fully cashless payment system at its multi-storey car park, effective Monday, March 23. This strategic shift is designed to streamline the parking process, offering travelers and visitors a faster and more convenient experience as they navigate the […]

French industrialist Vincent Bolloré will face a criminal trial this December on charges of corruption and financial misconduct related to port concessions in West Africa. The Parquet National Financier (PNF) confirmed the trial, which concludes a judicial investigation spanning nearly a decade into how Bolloré’s group secured strategic port contracts in Togo and Guinea. Prosecutors […]

Global Monetary Policy Shift Drives Dollar Retreat The US dollar relinquished recent gains this week, falling from multi-month highs as a surge in energy prices prompted a global reassessment of interest rate trajectories. The dollar index, a key measure of the currency’s strength against a basket of peers, declined by 1.1% to 99.359, marking its […]

In a decisive international strike against digital crime, INTERPOL has announced the successful disruption of over 45,000 malicious IP addresses and servers. The coordinated effort, known as Operation Synergia III, mobilized law enforcement agencies from 72 countries and territories, including Nigeria, between July 2025 and January 2026. This operation directly targeted the infrastructure underpinning phishing […]

The Lagos State Government has issued a mandatory directive requiring all building owners, facility managers, and developers to register and obtain official safety certification for every elevator within their properties. The deadline for full compliance is set for March 31, 2026. Lanre Mojola, the Director-General and Chief Executive Officer of the Lagos State Safety Commission, […]

Since 2017, more than 60,300 Nigerian migrants have been safely repatriated to the country through assisted voluntary return programs. The International Organization for Migration (IOM) provided this data, highlighting a significant humanitarian effort to aid citizens stranded on perilous irregular migration paths. IOM Chief of Mission in Nigeria, Sharon Dimanche, detailed the situation during a […]

The Nigerian Civil Aviation Authority (NCAA) has formally summoned Air Peace management to address a significant flight disruption and other operational concerns. This action follows an incident involving a Heathrow-Abuja flight that was diverted, leaving passengers in Lagos after the aircraft returned to Abuja due to a cracked windshield. Michael Achimugu, the NCAA’s Director of […]

In a significant development concerning global energy security, former U.S. President Donald Trump has publicly urged allied nations to deploy international warships to the Strait of Hormuz. The call to action, issued via his Truth Social platform, aims to safeguard the critical maritime passage amid escalating regional tensions involving Iran and Western powers. President Trump […]

The World Travel & Tourism Council (WTTC) has issued a stark assessment of the economic fallout from escalating tensions in the Middle East, revealing that the region is losing an estimated $600 million in daily international visitor spending. This substantial loss underscores the profound vulnerability of global travel networks to geopolitical instability. In a formal […]

The Economic and Financial Crimes Commission (EFCC) has formally brought charges against Ufoma Joseph Immanuel, Managing Director of Intermediate Investment Holdings Limited. The arraignment took place at the Special Offences Court in Ikeja, Lagos, concerning an alleged $1.5 million fraud scheme. Immanuel and his company faced a two-count charge before Justice Mojisola Dada, specifically for […]

In the face of heightened global oil market volatility driven by Middle Eastern geopolitical tensions, the Federal Government has firmly ruled out a return to petrol price controls. Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, reaffirmed the administration’s commitment to market-based pricing during a recent television interview. He emphasized that […]

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 […]