Nigeria’s diversification drive has gathered momentum in recent years as government initiatives push to reduce dependence on crude oil and strengthen non-oil sectors as engines of growth. From the Central Bank of Nigeria’s RT200 programme to incentives offered by the Nigerian Export Promotion
BUSINESS
The Central Bank of Nigeria (CBN) says economic activities grew for the eighth month in a row, with the July 2025 Purchasing Managers’ Index hitting 52.7 points. 26 of 36 Subsectors Record Growth Out of 36 subsectors surveyed, 26 expanded, led by Transportation Equipment, while Paper Products saw the steepest decline. Industry, Services, Agriculture Sustain […]
Number one Best Workplace in Banking in Nigeria and recognised as Africa’s most agile company, Sterling Bank Limited celebrated the first anniversary of SeaBaas, the revolutionary core banking system designed and built in Africa. In just twelve months since its go-live, SeaBaas has processed over 2 billion transactions, reduced processing times by about 60%, and […]
Ethiopian Investment Holdings (EIH), the government’s strategic investment entity, and the Dangote Group have formalized a groundbreaking partnership to develop, build, and operate a state-of-the-art urea fertilizer production facility in Gode, Ethiopia. Under the terms of the new shareholders’ agreement, Dangote Group will hold a 60% ownership stake, while EIH will retain
…. as President Tinubu Secures Landmark Agreements In Brazil Air Peace is currently in the air on a direct São Paulo-Lagos service, flying members of Nigeria’s delegation to Brazil and some private-sector leaders back home. The Boeing 777 wide-body aircraft deployment comes just a day after Nigeria and Brazil signed a historic aviation agreement witnessed […]
Leading financial institution, Fidelity Bank Plc, has announced plans to convene a high-level panel of seasoned experts to chart a strategic roadmap for promoting African exports in global markets. The panel session, titled “Laying the Tracks: Strengthening the Institutional Infrastructure for Africa’s Trade Promotion,” is scheduled for Day 2 of the Fidelity Nigeria











