By Ayomide Otitoju Royal Exchange Plc has announced the appointment of Mr. Ikeme Osakwe as its new Chairman, as the company continues to strengthen its leadership team amid an ongoing corporate repositioning exercise. In separate notifications to the Nigerian Exchange Limited and the Securities and Exchange Commission (SEC) dated January 22, 2026, the insurance group…
By Ayomide Otitoju The World Bank has approved $50 million to support a solar agricultural expansion project in Nigeria and five other African countries, aiming to boost productivity, reduce post-harvest losses, and expand clean energy access. Agriculture employs over a third of Nigeria’s workforce, yet inefficiencies continue to undermine farmers’ incomes and food supply. The…
By Ayomide Otitoju President Bola Ahmed Tinubu has approved the gazetting of targeted, investment-linked incentives to support the proposed Bonga South West deep-offshore oil project being developed by Shell and its partners. A statement issued on Thursday by the Special Adviser to the President on Media and Public Communication, Sunday Dare, said the President also…
By Ayomide Otitoju Czech weapons manufacturer CSG made its debut on the Amsterdam stock exchange Friday, raising €3.8 billion ($4.6 billion) in what is now the world’s largest initial public offering (IPO) in the defence sector. The flotation values the company, a major supplier of ammunition and weapons to NATO countries and Ukraine, at €25…
By Ayomide Otitoju MTN Group has appointed Shoyinka Shodunke as Executive: IT Core Design and Delivery, effective 1 March 2026. Shodunke brings over 29 years of experience in technology leadership, digital transformation, and innovation across Africa’s telecommunications sector. He has held senior roles including Director of Technology at Vodafone Ghana, Chief Technology and Information Officer…
By Ayomide Otitoju Afreximbank has been registered with the ISO 31000:2018 Risk Management Standard by Certification Partner Global (CPG), marking a major milestone in the Bank’s institutional development and reinforcing its commitment to global best practices in operational excellence. Issued in November 2025, the registration followed rigorous independent assessments of Afreximbank’s enterprise risk management framework…
By Ayomide Otitoju The National Tax Policy Implementation Committee (NTPIC) has commenced a series of structured stakeholder engagements aimed at ensuring a humane, inclusive and well-coordinated implementation of Nigeria’s newly enacted tax laws, as the country embarks on wide-ranging fiscal reforms. The committee, chaired by Mr. Joseph Tegbe, said the engagements are designed to bridge…
By Ayomide Otitoju The Central Bank of Nigeria (CBN) recorded its strongest demand for Nigerian Treasury Bills (NTBills) since December 2024 at the Primary Market Auction (PMA) held on Wednesday, with total subscriptions reaching ₦3.44 trillion. At the auction, the apex bank offered ₦1.15 trillion across three maturities: ₦150 billion for the 91-day bill, ₦200…
By Ayomide Otitoju The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has urged the Nigerian government to deliberately target global investors and supply chain relocations as a strategy to reduce import dependence, deepen local manufacturing, and create jobs. Okonjo-Iweala made the call on Wednesday at Nigeria House on the sidelines of the…
