By Seun Ibiyemi African airlines recorded the strongest growth in international passenger demand in January 2026, posting an 11.7 per cent year-on-year increase in revenue passenger kilometres (RPK), according to the latest global passenger demand report released on Monday by the International Air Transport Association (IATA). The figures show that African carriers outpaced all other…
Nigeria’s private sector rebounded into expansion in February, as the Purchasing Managers’ Index (PMI) compiled by S&P Global for Stanbic IBTC Bank rose to 53.2 from 49.7 in January, signalling a renewed improvement in business conditions after a brief contraction at the start of the year. The latest PMI reading, released on Monday and endorsed…
Nigerian Exchange Group (NGX Group) has confirmed the appointment of Ms. Jumoke Olaniyan as its Group Chief Strategy Officer, a move aimed at strengthening executive leadership as the organisation advances its next phase of strategic growth and digital transformation. The Group announced the development on Monday, stating that the appointment would reinforce its drive for…
By Seun Ibiyemi The Nigeria Governors’ Forum (NGF) has thrown its weight behind Tinubu reforms mandating the direct remittance of all oil and gas revenue entitlements into the Federation Account, describing the move as a critical step toward strengthening fiscal transparency and stability across the country. Chairman of the Forum and Governor of Kwara State,…
By Seun Ibiyemi The Federal Government has directed all Ministries, Departments, and Agencies (MDAs) to strictly comply with the Medium-Term Expenditure Framework (MTEF) as part of efforts to strengthen budget credibility and promote fiscal discipline. Read also:Obasanjo praises Tinubu’s administration, outlines development agenda Secretary to the Government of the Federation, Sen. George Akume, issued the…
Managing Director of Indigo PR, Bolaji Abimbola, has been presented with a Special Recognition Award at the 2025 Annual Symposium of the Photojournalists Association of Nigeria, held on Friday, February 27, 2026. Abimbola, who also serves as Managing Director/CEO of Integrated Indigo Limited, brings over 18 years of experience in shaping Nigeria’s public relations landscape…
By Seun Ibiyemi The Nigerian naira maintained a relatively stable performance against the United States dollar today, with traders showing cautious optimism as the new trading week began. According to currency market data, ₦1,360 was exchanged for $1 on the foreign exchange market as of this morning, reflecting only minor day‑to‑day movement and signalling stability…
By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has secured a 40-year jail term against two individuals convicted of producing and selling counterfeit alcoholic beverages in Lagos State. In a statement on Monday, the agency said the suspects, Nelson Aziakpono and Ikegwuonu Ikechukwu, were charged on an eight-count indictment…
By Seun Ibiyemi The Sea and Empowerment Research Centre (SEREC) has warned that Nigeria’s inflation rate could rise by three to five per cent amid the ongoing conflict between the United States and Iran, citing mounting geopolitical and economic risks to global energy and maritime systems. SEREC’s Head of Research, Eugene Nweke, disclosed this in…
By Seun Ibiyemi Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says Nigeria’s net foreign exchange reserves rose to 34.80 billion dollars as at December 2025, marking a sharp increase from previous years. Cardoso disclosed this in a statement issued on Monday in Lagos at the end of the last Monetary Policy Committee…
