The Organisation for Economic Co-operation and Development has pledged to support Nigeria with economic and investment data to strengthen policy planning, improve investor confidence, and drive ongoing reforms. Senior OECD officials made the commitment during a meeting with President Bola Tinubu in Kigali, Rwanda, on Friday. The meeting took place on the sidelines of the…
The South West Development Commission has secured a provisional rail operating and track access licence from the Nigerian Railway Corporation, opening the door for passenger and freight rail services across existing rail corridors in the South-West. The move marks a major step toward improving regional connectivity, reducing logistics costs and driving economic growth across the…
Nigeria’s broadband penetration has increased to 54.3 per cent following aggressive network expansion by telecommunications operators, the Nigerian Communications Commission has said. The Executive Vice Chairman and Chief Executive Officer of the NCC, Aminu Maida, disclosed this on Thursday during the 2026 Workshop for Judges on Legal Issues in Telecommunications held in Lagos. The NCC…
Procurement executives, policymakers and corporate leaders from across Africa will gather in Lagos on May 26 for the Digital Procurement Africa Summit 2026. The event will focus on using technology to tackle fraud, inefficiency and weak oversight in procurement systems. Gloopro is organising the summit at a time when many African businesses are redefining procurement….
Regulator Raises Alarm Over Rising Online Investment Fraud The Securities and Exchange Commission has cautioned Nigerians against investing in unregistered schemes promoted on social media platforms. The commission issued the warning in a public notice shared on its X handle on Thursday. According to the SEC, fraudsters now use WhatsApp, Instagram, Telegram, Facebook, and TikTok…
Businesses Turn to AI Amid Economic Pressures The Regional Managing Partner for EY West Africa, Anthony Oputa, has said Nigerian businesses are increasingly adopting artificial intelligence to improve productivity and strengthen operations amid economic uncertainty. Oputa stated that companies across Nigeria and West Africa now view AI as a critical tool for growth, efficiency, and…
Experts Raise Concerns Over Inconsistent Court Decisions Judicial experts have warned that inconsistent court rulings in banking and financial disputes could threaten Nigeria’s financial stability and weaken public confidence in the banking system. The warning came during the 2026 sensitisation seminar for judges of the Federal High Court held in Lagos. National Judicial Institute organised…
NEM Insurance Records Major Asset Growth NEM Insurance Plc has reported strong financial growth for the 2025 business year, with total group assets rising to N186.04bn. The company disclosed this in its audited financial results for the year ended December 31, 2025. According to the report, total assets increased by N61.81bn compared to N124.23bn recorded…
Nyesom Wike, minister of the Federal Capital Territory, says many Nigerians demand infrastructure and public services but are unwilling to comply with tax obligations. Wike spoke while responding to questions from journalists over complaints about the conduct of some tax collectors in the FCT, particularly officials of the Abuja Municipal Area Council (AMAC). The minister…
Academy Shifts from Classroom Training to Digital System The Nigeria Revenue Service Academy will launch a new Digital Learning Experience Platform on May 20. The platform will modernise staff training and improve professional development across the organisation. The Academy designed the system to replace periodic classroom sessions with continuous, tech-driven learning. It aims to improve…
