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A former Anambra State Governor and the 2023 Presidential candidate of the Labour Party (LP), Peter Obi, has condemned the current wave of defection politics sweeping through Nigeria's political landscape. This is as Obi slammed politicians for focusing on what he described as personal gain over public good The former Governor also criticized politicians for…
October 15, 2025
By Obinna Uballa The African Export-Import Bank (Afreximbank) will hold the 25th edition of its flagship Trade Finance Seminar (ATFS2025) in Abidjan, Côte d’Ivoire, from November 4 to 6, as the continent grapples with an annual trade finance gap of up to $100 billion. A one-day Factoring Workshop will follow on November 7, a statement…
October 8, 2025
By Obinna Uballa The Nigerian Exchange closed in positive territory on Monday, October 6, 2025, with the All-Share Index (ASI) advancing by 1,238.7 points to 144,822.8, lifted by a strong rally in large cap stocks led by Seplat Energy Plc. The performance reflects a 0.86 percent rise from 143,584.1 points recorded in the previous session,…
October 7, 2025
By Obinna Uballa Sterling Bank has scrapped account maintenance fees on all personal accounts, describing the move as a “gift” to Nigerians in celebration of the country’s 65th Independence Day. The announcement, made in a statement on Wednesday, comes just six months after the lender eliminated transfer fees on local online transactions in April 2025.…
October 1, 2025
By Obinna Uballa The Lagos Business School (LBS) has projected that Nigeria’s e-commerce market could surpass $16 billion by 2030, noting that the country’s digital transformation will play a decisive role in shaping future economic growth. The Dean of LBS, Professor Olayinka David-West, represented by Professor Akintola Owolabi, made the projection at the 35th annual…
September 20, 2025
Crude oil price climbed in early trading on Wednesday following the news of an Israeli attack against Hamas leaders in Doha, Qatar, along with reports that President Donald Trump had asked the European Union to slap a 100% tariff on China and India to make them stop buying Russian crude. At the time of writing,…
September 10, 2025
By Obinna Uballa The African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC) to accelerate large scale trade in raw materials, minerals, and value-added goods across the continent. The initiative, announced on Tuesday during the ongoing Intra-African Trade Fair (IATF 2025) in Algiers, aims to strengthen Africa’s role in global value…
September 9, 2025
The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could mark the end of the rapid output growth that made the U.S. the world's top producer. The Organization of the Petroleum Exporting Countries and its…
September 8, 2025
The Nigeria Customs Service Board (NCSB) has announced the approval of a $300 de minimis threshold for low-value imports. This means low-value consignments valued below $300 have been exempted from import duties and taxes starting today, Monday, September 8, 2025. The customs explained that this policy shift aligns Nigeria with global best practices, adding that…
September 8, 2025
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A former Anambra State Governor and the 2023 Presidential candidate of the Labour Party (LP), Peter Obi, has condemned the current wave of defection politics sweeping through Nigeria's political landscape. This is as Obi slammed politicians for focusing on what he described as personal gain over public good The former Governor also criticized politicians for…
October 15, 2025
By Obinna Uballa The African Export-Import Bank (Afreximbank) will hold the 25th edition of its flagship Trade Finance Seminar (ATFS2025) in Abidjan, Côte d’Ivoire, from November 4 to 6, as the continent grapples with an annual trade finance gap of up to $100 billion. A one-day Factoring Workshop will follow on November 7, a statement…
October 8, 2025
By Obinna Uballa The Nigerian Exchange closed in positive territory on Monday, October 6, 2025, with the All-Share Index (ASI) advancing by 1,238.7 points to 144,822.8, lifted by a strong rally in large cap stocks led by Seplat Energy Plc. The performance reflects a 0.86 percent rise from 143,584.1 points recorded in the previous session,…
October 7, 2025
By Obinna Uballa Sterling Bank has scrapped account maintenance fees on all personal accounts, describing the move as a “gift” to Nigerians in celebration of the country’s 65th Independence Day. The announcement, made in a statement on Wednesday, comes just six months after the lender eliminated transfer fees on local online transactions in April 2025.…
October 1, 2025
By Obinna Uballa The Lagos Business School (LBS) has projected that Nigeria’s e-commerce market could surpass $16 billion by 2030, noting that the country’s digital transformation will play a decisive role in shaping future economic growth. The Dean of LBS, Professor Olayinka David-West, represented by Professor Akintola Owolabi, made the projection at the 35th annual…
September 20, 2025
Crude oil price climbed in early trading on Wednesday following the news of an Israeli attack against Hamas leaders in Doha, Qatar, along with reports that President Donald Trump had asked the European Union to slap a 100% tariff on China and India to make them stop buying Russian crude. At the time of writing,…
September 10, 2025
By Obinna Uballa The African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC) to accelerate large scale trade in raw materials, minerals, and value-added goods across the continent. The initiative, announced on Tuesday during the ongoing Intra-African Trade Fair (IATF 2025) in Algiers, aims to strengthen Africa’s role in global value…
September 9, 2025
The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could mark the end of the rapid output growth that made the U.S. the world's top producer. The Organization of the Petroleum Exporting Countries and its…
September 8, 2025
The Nigeria Customs Service Board (NCSB) has announced the approval of a $300 de minimis threshold for low-value imports. This means low-value consignments valued below $300 have been exempted from import duties and taxes starting today, Monday, September 8, 2025. The customs explained that this policy shift aligns Nigeria with global best practices, adding that…
September 8, 2025
