Business & Economy - Page 7

The World Bank has reaffirmed its strong support for Nigeria’s reform agenda, highlighting steady progress toward economic recovery and the importance of parliamentary oversight in development projects. The Bank’s Country Director for Nigeria, Matthew Verghis, made the statement on Wednesday during a meeting with the

AXA Mansard Insurance has recorded a 22 per cent increase in insurance revenue to N160.56 billion for the financial year ended Dec. 31, 2025 in spite of a sharp decline in profit driven by foreign exchange (FX) volatility. The company disclosed this

The Federal Government of Nigeria officially launched a landmark report titled “Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA.” ​This initiative is a strategic move to help Nigerian Micro, Small, and Medium Enterprises (MSMEs) transition from informal, inefficient trade methods

President Bola Tinubu’s naira-for-crude policy has ensured Nigeria’s energy security amid the ongoing Middle-East crisis, a presidential aide has said. Mr Temitope Ajayi, Senior Special Assistant on Media and Publicity to the President, stated this in an article released on Wednesday in

Abdul-Samad Rabiu has reaffirmed BUA Group’s long-standing partnership with United Bank for Africa (UBA) to drive industrial expansion and economic growth. In a statement on Tuesday, Rabiu spoke while hosting UBA Chairman, Tony Elumelu, and his executive team at BUA headquarters in

Small and Medium Enterprises (SMEs) have been urged to embrace Artificial Intelligence to boost efficiency, profitability and customer engagement at a FirstBank SMEConnect webinar. The virtual event, with the theme ‘Business Growth: From Adoption to Integration and Scalable Impact’, was convened in

The Federal Government plans to disburse over N1 billion to Micro, Small and Medium Enterprises (MSMEs) under the 2026 National MSME Awards. The Senior Special Adviser to the President on Job Creation and MSMEs, Temitola Adekunle-Johnson, disclosed this at a media briefing

The Naira on Friday appreciated at the official market, closing at N1,380.57 against the U.S. dollar, extending its recent gains. Data from the Central Bank of Nigeria (CBN) showed the currency strengthened by N3.30 compared with Thursday’s closing rate. This represents a

Mr Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, says Nigeria’s economy has been “reset” following bold reforms initiated by the President Bola Tinubu-led administration. Speaking on behalf of the Federal Executive Council (FEC) at the 8th APC