Abuja, Nigeria – Nigeria’s foreign reserves have reached a 22-month high, reflecting a surge in foreign inflows to the country’s economy. According to data from the Central Bank of Nigeria (CBN), the reserves stood at $37.31 billion as of September 18, 2024, the highest level since November 4, 2022. This significant increase marks a recovery in Nigeria’s foreign currency position, which has been …
Lagos, Nigeria – With its vast landmass and burgeoning population, Nigeria presents a lucrative market for helicopter services. Yet, despite its immense potential, this sector remains largely untapped, offering significant investment opportunities. Helicopters, capable of reaching remote areas and providing swift transportation, are invaluable assets for various industries. From search and rescue operations to disaster relief, …
Kano, Nigeria – Northern Nigeria is poised to take center stage in the African tech scene with the inaugural Arewa Tech Fest, a multi-state event set to become a landmark gathering for tech enthusiasts, entrepreneurs, and industry leaders. Convened by former Kaduna State Governor, Mallam Nasir El-Rufai CON, the festival promises to be a game-changer, fostering innovation, …
Lagos, Nigeria – In a bid to alleviate the financial strain caused by soaring fuel prices, Chief Obinna Iyiegbu, popularly known as Obi Cubana, has launched a showroom for Compressed Natural Gas (CNG)-powered tricycles. The initiative, undertaken through his company, Enviable Transport, in partnership with DAG Bajaj Auto Nigeria, aims to provide a more affordable transportation …
Former Nigeria captain John Obi Mikel has lauded Ademola Lookman for his decision to represent Nigeria at the senior international level, while also taking a swipe at players who delay their choice until they are overlooked by their countries of birth. Speaking on ESPN, Mikel praised Lookman for making the decision early in his career, …
The Nnamdi Azikiwe International Airport, Abuja, and the Port Harcourt International Airport have been honored by the Airport Council International (ACI Africa) for their outstanding contributions to airport emergency management and resilience. The prestigious awards were presented during the 33rd Annual General Assembly of ACI Africa in Johannesburg, South Africa. In a gala ceremony attended …
Abuja, Nigeria – In a significant step towards reviving its industrial sector, Nigeria has signed a Memorandum of Understanding (MoU) with a Russian consortium to rehabilitate, complete, and operate the Ajaokuta Steel Company Limited and the National Iron Ore Mining Company Limited. The agreement was finalized during a visit by the Nigerian Minister of Steel …
Lagos, Nigeria – Digital innovation has undeniably accelerated the pace of technological progress, reshaping industries and societies worldwide. Recognizing this transformative power, nations across the globe, including Nigeria, are prioritizing the development of a skilled workforce to drive innovation and foster a thriving digital economy. The Nigerian government, under the leadership of the Federal Ministry of Communications, Innovation & Digital Economy, has embarked on …
Maiduguri, Borno State, Nigeria – A catastrophic flood has struck the city of Maiduguri following the collapse of a dam, leaving thousands displaced, infrastructure destroyed, and lives lost. The dam failure occurred during heavy rainfall, causing a surge of water that overwhelmed the city’s flood defenses. The resulting flood has caused widespread devastation, with entire …
Registering a business in Nigeria is a crucial step for entrepreneurs looking to establish their ventures. The process involves several key steps and compliance with specific regulations. Here’s a comprehensive guide to help you navigate the process: Choosing a Business Structure Sole Proprietorship: Suitable for small businesses with a single owner. Partnership: Ideal for businesses …
