By Ayomide Otitoju Nigeria’s economy expanded by 3.98 percent year-on-year in real terms in the third quarter of 2025, the National Bureau of Statistics (NBS) reported on Monday. The growth surpasses the 3.86 percent recorded in the same period in 2024. According to the NBS, the agriculture sector grew by 3.79 percent, up from 2.55…
By Ayomide Otitoju Africa Finance Corporation (AFC), one of the continent’s leading infrastructure solutions providers, has closed a landmark US$524 million equivalent dual-currency Samurai term-loan facility, marking its largest Samurai transaction to date. The three-year syndicated loan — comprising US$505 million and JPY 3 billion — was significantly oversubscribed, reflecting strong appetite from Japanese lenders…
By Ayomide Otitoju Africa Data Centres, a subsidiary of Cassava Technologies and a leading provider of carrier-neutral data centre infrastructure, has entered a strategic partnership with CSSi SA, a major cloud and virtual machine provider and one of Africa’s largest distributors of data storage, servers and data-centre hardware. The collaboration will see CSSi SA deploy…
By Ayomide Otitoju Anambra State’s 2026 budget has delivered its strongest signal yet of a strategic shift toward industrialisation, with a 26.7% year-on-year increase in the Economic Sector allocation under Governor Chukwuma Charles Soludo’s ₦757.9 billion “Changing Gears 3.0” spending plan. The expanded vote marks what officials describe as a transition from years of groundwork—spanning…
By Ayomide Otitoju Rite Foods Limited has strengthened its reputation as a leader in Nigeria’s food and beverage sector after securing four major honours at the 2025 Social Impact and Sustainability Awards (SISA) and The SERAS Africa Sustainability Awards. At the SISA Awards, the company won Best Health-Focused CSR Programme of the Year, Education Empowerment…
By Ayomide Otitoju Cybersecurity training remains essential, but experts warn it is insufficient without a workplace culture that encourages employees to speak up without fear. Effective corporate security awareness, they say, is built on psychological safety — an environment where staff feel comfortable reporting concerns, questioning instructions and admitting mistakes. Anna Collard, Senior Vice President…
By Ayomide Otitoju FG Gold Limited has reached financial close and completed the first drawdown of its US$330 million senior debt facility from the Africa Finance Corporation (AFC) and the African Export-Import Bank (Afreximbank), marking a major step toward developing Sierra Leone’s first large-scale commercial gold mine. The financing, among the largest in Sierra Leone’s…
By Ayomide Otitoju Australia’s landmark decision to ban social media use for children under 16 is set to turn the country into a real-world test case for how restrictions on online platforms affect young people, according to digital wellbeing experts. Supporters of the December 10 ban cite a growing body of research linking excessive screen…
By Ayomide Otitoju First HoldCo Plc has announced the completion of its full divestment from FBNQuest Merchant Bank Limited, confirming the sale of its 100 per cent equity stake to EverQuest Acquisition LLP. The company disclosed the development in a regulatory notice to the Nigerian Exchange Limited (NGX), stating that the transaction was finalised following…
