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Tinubu hosts Chadian president for security, trade talks

President Bola Tinubu on Thursday hosted President Idriss Déby of Chad at the Presidential Villa, Abuja. The brief high-level meeting underscores ongoing efforts by both countries to strengthen bilateral relations and deepen cooperation on regional security, trade, and economic development. President Bola Tinubu and President Mahamat Idris Deby Itno of the Republic of Chad, Credit: […]

Banking

Kenya banks smash MSME lending target in 2025

Kenya’s banking sector more than doubled its MSME lending target in 2025, disbursing KES326.5 billion ($2.53 billion) in new loans to small and medium-sized businesses, far exceeding the annual target of KES150 billion ($1.16 billion). The performance signals a growing shift by lenders to position the MSME segment as a core growth frontier. Data published […]

featured Housing

Lagos rents hit fourth highest across African cities

Nigeria, Africa’s largest economy, Lagos State, has been ranked among the most expensive rental markets on the continent, as house rents in the country’s major cities rise almost monthly. According to BusinessDay, a new report, which looked at ‘Average Rent of 2-bedroom Apartment Across Africa’s Most Important Cities’, places Lagos, Nigeria’s most expensive housing market, […]

Aviation

African airlines record strongest global air cargo surge in February

The International Air Transport Association released data for February 2026 global air cargo markets showing African airlines saw a 21.0 per cent year-on-year increase in demand for air cargo in February, the strongest rise of all regions. Capacity increased by 17.3 per cent year-on-year. Globally, total demand, measured in cargo tonne-kilometres, rose by 11.2 per […]

FCMB raises ₦147.5bn in oversubscribed public offer
Banking

FCMB raises ₦1.53tn to lead 2025 debt capital market

FCMB Capital Markets Limited, the investment banking division of FCMB Group Plc, has officially been crowned the leader of the FMDQ Securities Exchange Limited’s Fixed Income Primary Markets Sponsors’ League Table for the full year 2025. The firm cemented its dominance by raising a staggering N1.53tn in corporate debt capital, outperforming 47 other active institutions […]

Banking

Nigerian investors fund 72% of banks’ ₦4.65tn recapitalisation

The Central Bank of Nigeria on Wednesday said domestic investors accounted for the bulk of funds raised under its banking sector recapitalisation programme, contributing 72.55 per cent of the N4.65tn total capital secured by lenders. The apex bank disclosed this in a statement marking the conclusion of the exercise, which began in March 2024 and […]

News

NRC expands train services nationwide ahead of Easter holiday

The Nigerian Railway Corporation has revealed plans to expand its train services across the country to facilitate smoother passenger travel during the Easter holiday. In a statement signed by its Chief Public Relations Officer, Callistus Unyimadu, the corporation stated that extra trips have been added on major routes to handle the expected increase in passenger […]

Aviation

Keyamo links Nigerian airline growth to aircraft financing challenges

The Minister of Aviation and Aerospace Development, Festus Keyamo, has linked the slow growth of Nigerian airlines to their challenges in securing financing for modern aircraft to expand their fleets. He stated this in his keynote address at the maiden Nigeria Aircraft Acquisition and Investment Summit 2026, currently underway at the Federal Palace Hotel, Victoria […]

FG opens applications for Girls in ICT competition
Business

FG launches $2bn digital economy research cluster

The federal government has unveiled a $2 billion digital economy research cluster aimed at driving academic innovation. The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, made this disclosure during the launch of the Digital Economy Research Clusters in Abuja. This initiative is a flagship component of Project BRIDGE (Building Resilient Digital Infrastructure […]

Tech

AI deradicalisation tool targets users with extremist tendencies

People in New Zealand who display violent extremist tendencies on ChatGPT will be guided to human and chatbot‑based deradicalisation support via a new tool currently under development, its creators said. The initiative is the latest effort to tackle safety concerns as AI companies face a rising number of lawsuits alleging they failed to prevent, or […]