By Ayomide Otitoju Nigeria’s current account surplus rose to $5.28 billion in the second quarter of 2025, up from $2.85 billion in Q1, reflecting stronger external sector resilience and improved foreign exchange inflows, the Central Bank of Nigeria (CBN) disclosed on Tuesday. According to a Frequently Asked Questions (FAQ) published on its official website, the…
By Ayomide Otitoju President Bola Tinubu on Wednesday announced that Nigeria has attained net exporter status, recording a trade surplus for the fifth consecutive quarter, with the surplus rising by 44.3 percent in Q2 2025 to ₦7.46 trillion ($4.74 billion)—the country’s largest in nearly three years. The President, who delivered his Independence Day address as…
By Ayomide Otitoju Japan Tobacco International (JTI) Nigeria has joined millions of citizens and well-wishers across the country to commemorate Nigeria’s 65th Independence Anniversary, reaffirming its commitment to national development. The company highlighted its contributions to Nigeria’s growth over the past 17 years, including job creation and fostering an inclusive workplace reflective of the nation’s…
By Ayomide Otitoju Rite Foods Limited, a leading player in Nigeria’s food and beverage industry, has joined millions of citizens to celebrate the nation’s 65th Independence Anniversary, themed “Nigeria @ 65: All Hands-on Deck for a Greater Nation.” The company described the anniversary as both a commemoration of Nigeria’s hard-won freedom and a reflection of…
Shares of Zijin Gold International soared on their Hong Kong debut Tuesday, jumping more than 60 percent after raising over US$3 billion in one of the world’s largest initial public offerings (IPOs) this year. The strong market entry comes amid record-high gold prices, fueled by safe-haven demand, expectations of U.S. interest rate cuts, and concerns…
By Ayomide Otitoju The reconciliation meeting between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the management of Dangote Petroleum Refinery over an ongoing industrial dispute ended in a stalemate on Tuesday. The meeting, convened by the Federal Government, commenced at about 4 p.m. on Monday and dragged on for nine…
By Ayomide Otitoju The Trade Union Congress of Nigeria (TUC) has called on the management of the Dangote Petrochemical Refinery to issue a public apology and reinstate more than 800 Nigerian workers recently dismissed by the company. Speaking on Channels Television’s Sunrise Daily on Monday, TUC Secretary-General, Nuhu Toro, said the refinery violated the workers’…
By Ayomide Otitoju The African Petroleum Producers’ Organization (APPO) and the African Export-Import Bank (Afreximbank) have announced significant progress in the creation of the $5 billion Africa Energy Bank, an initiative designed to address the continent’s persistent energy financing shortfalls. Speaking at a workshop titled “Africa Energy Bank Take-Off – Bridging the Financing Gap for…
By Ayomide Otitoju Young innovators from Angola, Mozambique, Namibia, and Nigeria have unveiled groundbreaking STEM-driven solutions at the ExxonMobil Foundation STEM Africa Regional Finals, held in Cape Town. The competition, implemented by non-profit JA Africa, marked the conclusion of a year-long program featuring quizzes and innovation camps. The projects were presented during the ExxonMobil Foundation…
