The Nigerian Postal Service (NIPOST) yesterday announced series of reforms aimed at transforming the organization into a more innovative, efficient, and digitally driven institution. A major part of the reforms is the commencement of cashless transactions in the 774 local government councils across the country. The NIPOST management headed by the Postmaster-General of the Federation/CEO, …
The global agri-food sector demonstrated remarkable resilience last year with overall feed production increasing by 1.2 per cent despite significant headwinds such as disease outbreaks and economic pressures, according to Alltech’s 2025 Agri-Food Outlook. This rebound follows a stagnant 2023, highlighting the adaptability of the international agriculture industry. The 14th annual survey from Alltech, which…
The Nassarawa State Governor, Abdullahi Sule yesterday granted a special tax holiday for Renewable Energy Service Companies (RESCOs) developing mini-grids. He anchored the tax waiver on the benefits accruable to the communities from the investment. “There is a special tax holiday for renewable energy because it is a win-win situation for you and our communities…
Retail lender, Unity Bank Plc, has unveiled GenFi, a new digital banking platform tailored to empower kids and teenagers between the ages of eight and 18 with essential financial skills and deepen financial literacy. The launch is coming on the heels of a report by the Central Bank of Nigeria (CBN), which found that only…
The Advertising Regulatory Council of Nigeria (ARCON) has issued a directive mandating all influencers and content creators to seek prior approval before publishing advertisements on any platform. In a statement released on Monday and signed by ARCON Director-General, Olalekan Fadolapo, the council expressed deep concern over the growing trend of misleading advertisements, particularly on digital…
Nigeria has ratified and adopted a road map for the Nigerian Electricity Supply Industry (NESI) by approving the National Integrated Electricity Policy( NIEP). The policy which had been ready since December 2024 and submitted to President Bola Ahmed Tinubu was ratified on Monday at the weekly Federal Executive Council (FEC) meeting. The policy is a…
The Federal Executive Council (FEC) on Monday approved Nigeria’s full membership of the Asian Infrastructure Investment Bank (AIIB) as a non-regional member, marking a significant milestone in the country’s international economic engagement. The Council also approved the transmission of a bill to the National Assembly to establish the National Cocoa Management Board, in a bid…
The Federal Government has directed the Economic Management Team (EMT) to chart a fresh path for Nigeria’s economic future, targeting a medium-term growth rate of seven per cent. This next phase of the economic roadmap is expected to focus on unlocking rapid and sustained inclusive growth, anchored on a mix of fiscal discipline, investment incentives,…
Nigeria’s former Finance Minister and Coordinating Minister of the Economy now Director-General, World Trade Organisation (WTO) Dr. Ngozi Okonjo-Iweala has said Africa’s opportunity does not lie in aid but in adding value, building trust and using her enormous resources judiciously. She spoke at the African Business Stories (ABS) third edition of its Roundtable Series during…
