Novagist

SKLD at 25: A Legacy of Resilience and Impact in Nigerian Business SKLD at 25: Rooted in Legacy, Driven by Impact Navigating a quarter-century in Nigeria’s dynamic business landscape is a testament to exceptional resilience. Surviving economic cycles, regulatory shifts, and supply chain shocks demands a model worthy of respect and study. As SKLD Integrated […]

The $130 Billion Paradigm Shift: How Africa’s Energy Titans Are Reshaping Investment The $130 Billion Paradigm Shift: How Africa’s Energy Titans Are Reshaping Investment In the landscape of African industry, figures like Femi Otedola, Tony Elumelu, and Aliko Dangote command significant influence. A profound transformation is now redefining the continent’s energy sector, where success is […]

IMF Report: AI-Driven Labor Market Shifts Demand New Skills Globally IMF Analysis: AI Reshaping Global Labor Markets, Demands New Skills A new analysis from the International Monetary Fund reveals that artificial intelligence and digital transformation are rapidly altering global employment landscapes, compelling workers worldwide to pursue continuous learning. IMF Managing Director Kristalina Georgieva emphasized these […]

International Breweries Plc Announces Executive Leadership Transition International Breweries Plc Announces Executive Leadership Transition International Breweries Plc (IBPLC), a subsidiary of Anheuser-Busch InBev, has announced a significant change in its executive management. The company confirmed that its current Managing Director, Mr. Carlos Coutino, will transition to a new leadership role within the AB InBev group, […]

Federal Government and ASUU Sign Landmark Agreement with 40% Pay Review Federal Government and ASUU Finalize Renegotiated Agreement, Introducing 40% Pay Review and New Professorial Allowance The Federal Government has formally signed a renegotiated agreement with the Academic Staff Union of Universities (ASUU), marking a pivotal step toward stabilizing and improving Nigeria’s public university system. […]

Court Denies NDLEA Bid to Keep Proxy Night Club Sealed | Legal Ruling Court Upholds Unsealing Order, Denies NDLEA’s Stay of Execution Request In a significant legal ruling, the Federal High Court in Lagos has refused an application by the National Drug Law Enforcement Agency (NDLEA) to suspend the enforcement of its order to unseal […]

NELFUND Addresses N928 Million Student Allowance Arrears, Outlines Resolution Plan NELFUND Identifies N927.98 Million in Student Upkeep Arrears, Cites Technical Hurdles The Nigerian Education Loan Fund (NELFUND) has announced the identification of N927.98 million in unpaid student upkeep allowances owed to 11,685 beneficiaries. The discovery followed a comprehensive reconciliation exercise after the 2024/2025 academic session. […]

Universal Insurance Seeks N15bn Capital Raise Approval | Strategic Move Universal Insurance Plc Proposes N15 Billion Capital Raise to Meet Regulatory Requirements Universal Insurance Plc has announced a strategic initiative to strengthen its financial base. The company is seeking shareholder approval to raise up to N15 billion through the Nigerian or international capital markets. This […]

Yobe State Clears N15.4 Billion Gratuity Backlog for Retirees Yobe State Settles N15.4 Billion in Outstanding Gratuities The Yobe State Government has announced the full settlement of outstanding gratuity liabilities owed to retirees from both state and local government service. A total of N15.4 billion was disbursed to eliminate the backlog, which had accumulated over […]

Nigeria’s 2025 Oil Production: A Detailed Analysis of NUPRC Data Nigeria’s Crude Oil Production Averaged 1.64 mb/d in First 11 Months of 2025 According to official data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the nation’s combined crude oil and condensate production averaged 1.64 million barrels per day (mb/d) from January to November 2025. […]

PAC Foundation Empowers 100 Young Women with Digital Skills for the Modern Economy PAC Foundation Concludes Successful Digital Skills Program for Young Women The PanAfrican Capital (PAC) Foundation has successfully concluded the third cohort of its Girls Can Code (GCC) initiative, a strategic partnership with ALX Nigeria. This flagship program is designed to equip young […]

Max Health Seeks Committal Against PCN, H-Medix in Abuja Pharmacy Dispute Max Health Escalates Legal Battle, Files Committal Motion Against PCN and H-Medix In a significant escalation of a multi-million naira lawsuit, Max Health has filed a motion for committal to prison against H-Medix and the Chairmen of the Pharmacy Council of Nigeria (PCN), FCT […]

Peter Obi Questions Presidential Absence Amid National Crises Peter Obi Criticizes President Tinubu’s Extended Absence During National Crises Former Nigerian presidential candidate Peter Obi has publicly questioned President Bola Ahmed Tinubu’s prolonged periods abroad amidst mounting domestic challenges. In a detailed statement on social media platform X, Obi highlighted that the President spent 196 days […]

Nigerian Stock Market Surpasses N104 Trillion Amid Trading Surge Nigerian Equities Market Hits Record N104.5 Trillion Valuation The Nigerian Exchange concluded trading on Monday, January 12, 2026, on a robustly positive note, with the benchmark All-Share Index (ASI) advancing by 946.6 points to close at 163,244.7 points. This significant gain propelled the index firmly above […]

PwC Forecast: 34.7 Million Nigerians Face Acute Food Insecurity by 2026 PwC Forecast: Conflict and Soaring Costs Threaten Food Security for 34.7 Million Nigerians A new economic outlook warns of a severe food security crisis looming for Nigeria. According to the “Nigeria Economic Outlook 2026” report by professional services firm PwC, titled “Turning Macroeconomic Stability […]

Nollywood’s Digital Shift: Top YouTube Movies of 2025 Nollywood’s 2025 Landscape: YouTube Emerges as a Primary Distribution Platform The Nollywood distribution landscape is undergoing a significant transformation. As of 2025, it is clear that cinemas and subscription services are no longer the sole avenues for revenue or audience engagement. YouTube has emerged as a powerful […]

Federal Government Enforces ‘No Work, No Pay’ Amid JOHESU Strike Federal Government Mandates ‘No Work, No Pay’ in Federal Hospitals as JOHESU Strike Continues The Federal Government has directed the immediate enforcement of a “No Work, No Pay” policy against striking members of the Joint Health Sector Unions and Assembly of Health Care Professionals (JOHESU) […]

Analysis: N11.03 Billion Allocated for State House Operations in 2026 Nigerian Budget N11 Billion Budgeted for Presidential, Vice-Presidential Operations in 2026 Appropriation Bill An analysis of the 2026 Appropriation Bill presented to the National Assembly reveals that a combined sum of N11.03 billion has been allocated for the operational costs of the offices of President […]

Federal High Court Grants N1.5bn Bail to Former AGF Malami in N8.7bn Laundering Case Court Grants N1.5 Billion Bail to Former AGF Malami, Family in High-Profile Money Laundering Trial The Federal High Court in Abuja has granted bail set at N1.5 billion to former Attorney-General of the Federation, Abubakar Malami, SAN, his wife, and his […]

Kian Smith Lists N21 Billion in Gold Bars on Lagos Commodities Exchange Major Gold Listing: Kian Smith to Trade N21 Billion in LBMA Gold on LCFE In a significant development for Nigeria’s capital market, Kian Smith Company FZE is set to list and trade over 21 billion Naira worth of 1kg LBMA-certified gold bars on […]

Cardinal Stone Forecast: Naira to Strengthen to N1,350-N1,450/$ in 2026 Economic Outlook: Naira Projected to Appreciate to N1,350-N1,450/$ in 2026 In a comprehensive 2026 economic outlook report titled “Indicators Align for Sustained Macro Gains,” leading investment firm CardinalStone Partners projects a significant appreciation of the Nigerian Naira. The report, published on January 6, 2026, forecasts […]

Otedola Advocates for N1 Trillion Bank Capital as FirstBank Meets CBN Target Business Leader Calls for Elevated Banking Standards Amid Sector Recapitalization Nigerian billionaire investor and businessman Femi Otedola has publicly advocated for a significant increase in the capital base required for international banking operations in Nigeria. Drawing from over three decades of experience navigating […]

Starlink Announces Major Satellite Reconfiguration to Enhance Orbital Safety Starlink Announces Major Satellite Reconfiguration to Enhance Orbital Safety In a significant move for space traffic management, SpaceX’s Starlink division has unveiled a plan to reconfigure a major portion of its satellite constellation. The initiative, announced by Vice President of Starlink Engineering Michael Nicholls, will see […]

Central Bank of Nigeria Reports NPL Ratio Rise to 7% Post-Forbearance Regulatory Shift: Nigerian Banks’ NPL Ratio Climbs to 7% as Pandemic Forbearance Ends The Nigerian banking sector recorded a significant increase in non-performing loans in 2025, following the Central Bank of Nigeria’s decision to conclude its regulatory forbearance measures. According to the latest CBN […]

Kano State Approves N6.9 Billion for Infrastructure and Welfare Projects Kano State Government Greenlights Major Infrastructure and Welfare Investment In a significant move to accelerate development, the Kano State Executive Council has sanctioned the allocation of over N6.9 billion for a comprehensive suite of infrastructure, social welfare, and governance enhancement projects. The approval, announced by […]

Private Sector Credit Rises to N74.63tn Following CBN Policy Shift Private Sector Credit Shows Early Rebound, Reaching N74.63 Trillion New data from the Central Bank of Nigeria (CBN) indicates a tentative recovery in lending, with private sector credit rising to N74.63 trillion in November 2025. This follows the Monetary Policy Committee’s (MPC) decision to cut […]

Coups in West Africa: Analyzing the Sustainability of Democratic Governance Coups in West Africa and the Sustainability of Democratic Governance The recent resurgence of military coups across West Africa has ignited a critical debate regarding the long-term sustainability of democratic institutions in the region. This trend challenges the foundational principles of constitutional governance and popular […]

Assessing the Relevance of Traditional Rulers in Modern Governance Assessing the Enduring Relevance of Traditional Rulers in Contemporary Nigeria The ongoing discourse regarding the role of traditional institutions within Nigeria’s modern democratic framework remains a critical examination of cultural continuity and administrative efficacy. As the nation navigates complex governance challenges, from debates over a ‘padded […]

U.S. Diplomatic Shift: Recall of Envoy to Nigeria Under Trump Administration U.S. Diplomatic Shift: Recall of Envoy to Nigeria Under Trump Administration In a notable diplomatic move, the Trump administration recalled the United States ambassador to Nigeria. This action represents a significant adjustment in diplomatic posture, though the original source material did not specify the […]

Osun State Local Governments Present 2026 Budget Proposals to Legislative Arm Osun State Council Chairpersons Submit 2026 Fiscal Plans for Legislative Scrutiny In a key step of the democratic governance process, local government council chairpersons in Osun State have formally presented their 2026 budget proposals to their respective legislative arms for review and approval. This […]

Political Party Raises Concerns Over Post-Passage Tax Law Alterations PRP Voices Alarm on Alleged Amendments to Tax Legislation Following Parliamentary Approval The Peoples Redemption Party (PRP) has formally raised a significant concern regarding the alleged alteration of recently passed tax laws. The party’s statement highlights a procedural red flag, suggesting that the substantive content of […]

Unsealed Epstein Documents: A Mix of Public Figures and Redacted Secrets Unsealed Epstein Documents: A Mix of Public Figures and Redacted Secrets The recent court-ordered release of documents related to the Jeffrey Epstein case has captivated public attention, revealing a complex tapestry of well-known names intertwined with extensive confidentiality. While the filings list numerous high-profile […]

Bayelsa Mourns: Cult Violence Claims Life of Federal University Otuoke Graduate Graduate Killed in Bayelsa Cult Clash, Community in Mourning The quiet of Bayelsa State was shattered by a tragic incident of cult-related violence, resulting in the death of a recent graduate from the Federal University Otuoke (FUO). The attack, which local sources attribute to […]

Governor Alex Otti Announces Political Retirement Plans Post-Tenure Abia State Governor Declares Intention to Exit Political Arena After Governorship In a significant statement regarding his political future, Abia State Governor, Dr. Alex Otti, has publicly declared his intention to retire from active politics upon the completion of his current term in office. The announcement provides […]

Peter Obi Condemns Alleged Fiscal Manipulations in Government | Policy Analysis Peter Obi Decries Alleged Fiscal Irregularities and Legislative Forgery In a pointed critique of recent government actions, former presidential candidate Peter Obi has raised serious concerns over alleged financial and legal manipulations. His statements highlight a troubling pattern, moving from what he terms a […]

Marwa Advocates for School Drug Testing to Curb Substance Abuse Marwa Champions School Drug Testing Policy as a Deterrent to Youth Substance Abuse In a decisive move to safeguard the future of the nation’s youth, Chairman of the National Drug Law Enforcement Agency (NDLEA), Brig. Gen. Mohamed Buba Marwa (Retd), has strongly advocated for the […]

Carter Efe Claims Top Spot as Africa’s Most-Followed Twitch Streamer Following Davido Collaboration Nigerian Comedian Carter Efe Tops African Twitch Charts After Star-Studded Stream with Davido In a landmark moment for Africa’s digital entertainment scene, Nigerian comedian and content creator Carter Efe has surged to become the continent’s most-followed Twitch streamer. This unprecedented achievement was […]

Heightened Security Concerns in Northern Nigeria Cast Shadow Over Christmas Celebrations Security Alerts in Northern Nigeria Prompt Vigilance for Christmas Season As the festive month of December approaches, the Christian Association of Nigeria (CAN) has issued a stark warning regarding escalating security threats across Northern Nigeria. The influential religious body expressed profound concern that the […]

Cardtonic eSIM vs. Nomad: A Comparative Analysis of Regional Data Bundles Cardtonic eSIM vs. Nomad: Evaluating Regional Data Bundle Superiority For the modern traveler, selecting the right eSIM provider is crucial for staying connected. Two prominent names, Cardtonic and Nomad, offer compelling regional data bundles designed for multi-country itineraries. This analysis delves into their offerings […]

10 Countries With the Oldest Surviving Bridges: Enduring Marvels of Engineering Enduring Legacies: Exploring the 10 Countries With the Oldest Surviving Bridges The quest to connect communities and conquer geographical barriers is a foundational chapter in human history, nowhere better illustrated than in the world’s oldest surviving bridges. These ancient structures are more than mere […]

Industry Analysis: Airlines Defend High Fares, Cite Soaring Operational Costs Airlines Defend Rising Fares, Point to Surging Operational Costs The persistent issue of escalating airfares in Nigeria’s aviation sector has sparked significant debate, with carriers firmly defending their pricing models. Industry executives uniformly point to exponentially high operating costs as the primary driver. These costs […]

USA Exhibition Review: Alexis Galleries Presents ‘Christmas Comes Early’ | Contemporary Art Showcase An Early Festive Celebration: Alexis Galleries Unveils ‘Christmas Comes Early’ Exhibition In a vibrant cultural interlude, Alexis Galleries in the United States has launched its highly anticipated seasonal exhibition, aptly titled “Christmas Comes Early.” This curated showcase offers a timely respite and […]

Strategic Youth Engagement: The Cornerstone of a Sustainable Blue Economy Youth Engagement: The Imperative for Unlocking Nigeria’s Blue Economy Potential In a decisive move to chart Nigeria’s economic future, senior administration officials are highlighting the indispensable role of the nation’s youth in harnessing the vast potential of the blue economy. A key aide to President […]

Sam Amuka: A Tribute to a Rare Breed in Nigerian Journalism | Prof. Jegede’s Perspective Sam Amuka: A Rare Breed in Journalism and Nation-Building In the dynamic and often tumultuous landscape of Nigerian media, few figures stand with the enduring stature of Sam Amuka, publisher of Vanguard Newspapers. Described aptly by Professor Jegede as “a […]

Shifting Narratives: A New Era of Integration and Development for the Igbo Nation Beyond Secession: A Contemporary Perspective on Igbo Integration and National Development The political and economic narrative surrounding Nigeria’s Igbo community is undergoing a significant transformation. Recent statements from high-ranking officials suggest a deliberate pivot from historical grievances towards a future framed by […]

Nile University of Nigeria Leads in Human-Centered AI, Featured in Honoris 2025 Impact Report Nile University of Nigeria Showcases AI Leadership in Prestigious Honoris United Universities 2025 Impact Report Nile University of Nigeria has been prominently featured in the Honoris United Universities 2025 Impact Report, a significant publication that underscores the institution’s pioneering role in […]

Raphinha’s Brilliant Brace Propels Barcelona to Commanding La Liga Victory Over Osasuna Raphinha Inspires Barcelona to Vital Victory, Extending Lead at La Liga Summit In a display of attacking precision and resilience, FC Barcelona secured a pivotal 2-0 victory against a determined CA Osasuna side at Estadi Olímpic Lluís Companys. The triumph, orchestrated by the […]

ECOWAS Launches Strategy to Slash Air Travel Costs Across West Africa | Regional Integration ECOWAS Unveils Ambitious Plan to Reduce Sky-High Air Travel Costs in West Africa The Economic Community of West African States (ECOWAS) has announced a decisive new initiative aimed at tackling the prohibitive cost of air travel within the region, with a […]

Nigeria’s Energy Shift: Dangote Refinery Ramps Up Petrol Supply to 23.5 Million Litres Daily Strategic Fuel Surge: Dangote Refinery Accelerates Domestic Petrol Production In a significant development for Nigeria’s energy independence, the Dangote Petroleum Refinery has markedly increased its supply of Premium Motor Spirit (PMS), commonly known as petrol, to the domestic market. Recent operational […]

Nigerian Pension Fund Assets Grow to N26.6 Trillion Amid Calls for Financial Governance Nigerian Pension Industry Hits N26.6 Trillion in Assets, Signaling Robust Growth In a significant demonstration of financial resilience and systematic growth, the total assets under management within Nigeria’s Contributory Pension Scheme have experienced a notable uptick. Recent regulatory data confirms a 2.2% […]