By Ayomide Otitoju Nigeria’s annual food inflation rate increased to 12.2 per cent in February 2026, up from 8.89 per cent recorded in January, signaling renewed pressure on household food costs. In its latest Consumer Price Index (CPI) report, the National Bureau of Statistics (NBS) attributed the rise to increased prices of key staples, including…
By Ayomide Otitoju The Afreximbank Academy (AFRACAD) has announced the commencement of registration for its 2026 Certificate of Trade Finance in Africa (COTFIA), a flagship programme aimed at strengthening trade finance capacity across the continent. According to AFRACAD, registration for the programme—open to banking professionals and other practitioners in trade finance—will close on May 31,…
By Ayomide Otitoju The Federal Competition and Consumer Protection Commission (FCCPC) and the National Agency for Food and Drug Administration and Control (NAFDAC) have commended Rite Foods Limited for its adherence to safe manufacturing practices and its commitment to delivering high-quality products that reinforce consumer confidence. The commendation was given at a stakeholder forum marking…
Artificial intelligence (AI) is increasingly shaping business competitiveness, but cracks in its widespread adoption emerged in 2025 as many organisations reported failed pilot programmes and underwhelming outcomes. Despite the challenges, companies that successfully implemented AI recorded significant productivity gains, largely driven by a strong focus on human capital rather than technology alone. Heinrich Swanepoel, Head…
By Ayomide Otitoju Dangote Petroleum Refinery, Dangote Fertiliser Limited have donated school materials worth N241 million to 3,704 students in host communities in Ibeju-Lekki, Lagos, as part of ongoing efforts to support education and community development. The donation was unveiled during the sixth edition of the Dangote Scholarship Award Programme, where school bags, uniforms, sandals, and…
Nordea, the largest bank in the Nordics, announced on Tuesday plans to reduce its workforce by around 1,500 employees as part of a broader cost-cutting programme. The bank, which operates across Denmark, Finland, Norway, and Sweden, aims to achieve at least €600 million ($690 million) in savings by 2030. To implement the strategy, Nordea said…
By Ayomide Otitoju The First Lady of Nigeria, Oluremi Tinubu, has praised the resilience, courage, and contributions of women nationwide and globally in a message marking 2026 Mother’s Day. Describing mothers as “the silent architects of the nation’s future and the enduring heartbeat of every home,” Tinubu acknowledged both their visible sacrifices and the quiet,…
Chelsea Football Club has been fined £10.75 million ($14.27 million) and handed a suspended one-year transfer ban over historical breaches of Premier League regulations, the league announced on Monday. In addition, the London club has been issued an immediate nine-month academy transfer ban. The sanctions follow information provided to the Premier League by the consortium…
By Ayomide Otitoju Officers of the Nigeria Customs Service (NCS), Apapa Area Command, in collaboration with the National Drug Law Enforcement Agency (NDLEA), have intercepted two containers carrying a total of 3,398 cartons of Codeine-containing syrup, concealed in household utensils, at Apapa Port. The Command’s Public Relations Officer, Isah Sulaiman, disclosed that the seizures have…
