Despite ongoing government efforts, millions of Nigerians still lack access to affordable housing. Low-cost housing, introduced as a solution to Nigeria’s housing crisis, has not reached the people who need it most. Poor awareness, bureaucratic delays, and limited financing have left many Nigerians struggling to own homes. The demand for housing, especially in cities like … Read more
Captain Chris Najomo became the Acting Director-General of the Nigerian Civil Aviation Authority (NCAA) in December 2023. His focus has been on safety, financial stability, industry standards, consumer protection, and staff welfare. Flight Data Analysis Centre (FDAC): Najomo launched FDAC to monitor flight data and improve safety. It helps detect issues early, aligning Nigeria with … Read more
On January 2, 2025, Minister of Aviation Festus Keyamo celebrated a breakthrough: a Nigerian court allowed Export Development Canada (EDC) to repossess a CRJ 1000 aircraft from Arik Air. This marks Nigeria’s first successful use of the Cape Town Convention, a milestone for the country’s aviation sector. The Federal High Court ruled in favor of … Read more
The Central Bank of Nigeria (CBN) has announced a sharp policy shift that halts the extension of export proceeds repatriation. Starting January 8, 2025, exporters will no longer be able to rely on extensions for repatriating their foreign earnings. In a circular signed by Dr. W.J. Kanya from the CBN’s Trade and Exchange Department, the … Read more
AI and Machine Learning (ML) are reshaping industries. Anthony Afuye-Cyrus, an ICT expert, explained how sectors like manufacturing, agriculture, and healthcare are benefiting from these technologies. AI improves efficiency and cuts costs. It helps companies make better decisions and stay competitive. AI optimizes supply chains, production, and inventory. Manufacturers reduce waste and boost productivity. AI … Read more
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), has reported a massive 283.42% oversubscription, securing N1.47 trillion in bids for the 364-day Treasury Bills auction held on January 8, 2025. The CBN had announced plans to issue Treasury Bills with tenors of 91, 182, and 364 days. They offered … Read more
The Aurora Tech Award has revealed its top 120 female founders for 2025. Nigeria leads with 21 founders, the highest number from any country. A total of 2,018 applications came from 116 countries. Brazil and the U.S. follow, with Egypt close behind. This year’s list shows Nigeria’s growing influence in tech. “The Aurora Top 120 … Read more
Guinea Insurance is targeting a gross premium written (GPW) of N1.75 billion for the first quarter of 2025. This target is outlined in the company’s forecast income statement for the period ending March 31, 2025, which was filed with the Nigerian Exchange Limited at the close of the previous year. Gross Premium Written represents the … Read more
The China Development Bank (CDB) has approved a $254.76 million (€245 million) loan to support the construction of the Kano-Kaduna railway project in Nigeria. Announced on Tuesday, the funding will help complete the 203-kilometer standard-gauge railway, which aims to connect Kano, a major northern commercial hub, with Abuja, Nigeria’s capital. The CDB highlighted that the … Read more
The Federal Government has announced a N1 billion investment in selected polytechnics and universities to fight food insecurity. The investment, scheduled for the second quarter of 2025, will support schools already involved in agriculture. Dr. Tunji Alausa, Minister of Education, shared the news during his visit to Yaba College of Technology (YABATECH) in Lagos. He … Read more