By Seun Ibiyemi The Nigerian stock market began the week on a negative note, as investors lost N276 billion following widespread sell-offs across key equities. Market capitalisation declined by 0.21 per cent to N128.693 trillion, down from N128.969 trillion recorded in the previous trading session. Similarly, the NGX All-Share Index dropped by 428.63 points, or…
By Seun Ibiyemi The Federal Government’s N501.02 billion bond issuance has been hailed as a significant milestone in Nigeria’s ongoing power sector reform, aimed at addressing longstanding liquidity challenges and restoring investor confidence. Mr. Bolaji Tunji, Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Adebayo Adelabu, disclosed this in a…
By Seun Ibiyemi The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has disclosed that Nigeria is targeting a seven per cent annual Gross Domestic Product (GDP) growth rate as part of efforts to reduce poverty and drive sustainable economic development. Edun made this known on Monday in Lagos during the…
By Seun Ibiyemi The Sea Empowerment and Research Center (SEREC) has called for the integration of rail transport into Nigerian seaports, stressing that such a move is critical to improving maritime trade efficiency and driving national economic growth. Head Researcher at SEREC, Mr. Eugene Nweke made the call on Monday in Abuja during an interview…
By Adeyemi David Two ministers serving under President Bola Ahmed Tinubu have reportedly resigned from their positions in preparation for the 2027 general elections. Findings by BusinessPointer indicate that the Minister of Foreign Affairs, Yusuf Tuggar, and the Minister of State for Humanitarian Affairs, Yusuf Tanko Sununu, have stepped down from the Federal Executive Council…
By Seun Ibiyemi The Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Oritsemeyiwa Eyesan has pledged to intensify efforts to promote gender inclusion and empower women across Nigeria’s maritime and energy sectors. She made the announcement on Friday, March 27, 2026, during her keynote speech at the 5th anniversary of the Women in Maritime…
By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has reported a significant rise in foreign investment in Nigeria’s pharmaceutical sector, attributing the development to the successful implementation of its 5+5 Policy. The policy, introduced in 2018 by NAFDAC’s Director-General, Mojisola Adeyeye, is designed to promote local drug manufacturing by…
The People’s Wellbeing Association (PWA) has praised the Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC Ltd.), Bayo Ojulari, for what it described as landmark reforms that have repositioned the national oil company. The commendation was conveyed in a statement issued on Monday in Abuja by the group’s Head of Communications, Abba Abubakar….
Former Senate President Bukola Saraki has reaffirmed his commitment to the reconciliation process within the Peoples Democratic Party (PDP), urging members to unite and reposition the party ahead of the 2027 general elections. Speaking at the PDP 2026 National Convention, Saraki stressed the need for members to rebuild trust, close ranks, and place the party’s…
By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has recorded another breakthrough in its ongoing crackdown on railway vandalism with the arrest and prosecution of a suspected track vandal in Lagos. The Managing Director and Chief Executive Officer of the corporation, Kayode Opeifa, disclosed this in a statement issued on Sunday. According to Opeifa, the…
