NSIA 2025 Results: Net Assets Reach $3.4 Billion, Core Income Up

Nigeria Sovereign Investment Authority (NSIA) achieved a 19.8% increase in net asset value to $3.4 billion in 2025, with core total comprehensive income rising to ₦478.8 billion, driven by diversified investments and strategic initiatives in healthcare, e

Competition Keeps Airfares Low Amid Fuel Price Surge

Nigerian airfares remain stable despite aviation fuel costs soaring 184% in two months, driven by Middle East tensions. Industry sources credit intense competition among 15+ carriers for preventing price increases.

Otti: Beverage Plant Shows Aba's Economic Revival

Abia State Governor Alex Otti says the commissioning of Ultimum Limited's beverage plant in Aba reflects renewed investor confidence and economic recovery, with the facility set to produce Razzl drinks and create jobs.

Air Peace Resumes Lagos-Caribbean Direct Flights for Tourism

Air Peace announces the resumption of monthly direct flights from Lagos to Antigua and Barbados, starting May 24, 2026. This service aims to enhance tourism, business, and diaspora connections by reducing travel time and eliminating stopovers.

NGX Market Value Soars 528% in Five Years

The Nigerian Exchange Limited (NGX) has seen its market capitalization surge by N108 trillion, or 528.7%, to N129 trillion since demutualization in 2021, marking a historic bull run.

Leadership Crisis in Nigerian Family Business Succession

Experts from Lagos Business School highlight the critical failure of family-owned enterprises in Nigeria and Africa to manage leadership transitions, citing poor governance and lack of structured succession planning as major threats to business continuity

Rajiv Sharma Ranks 3rd Global Top Sales Professional

Rajiv Sharma has been ranked third globally in sales, leadership, and coaching for 2026 by Global Gurus, moving up three positions from his 2025 ranking. He is recognized for applying Neuro Linguistic Programming principles to business strategy.

NGX Regco Fines Five Firms N291m for Market Abuses

NGX Regulation Limited has sanctioned five trading firms, including CSL Stockbrokers, with a total of N291 million in penalties for violations like wash trades and self-matching, aiming to uphold market integrity.

Nigeria Aims for $1 Trillion Economy with IsDB Support

The Federal Government intensifies collaboration with the Islamic Development Bank to boost infrastructure, energy, and trade reforms, aiming for a $1 trillion economy by 2030 through strategic investments and innovative financing.

LIRS Extends Tax Return Deadline to April 14, 2026

The Lagos State Internal Revenue Service has extended the deadline for filing individual annual tax returns by two weeks to April 14, 2026, with electronic filing through the eTax platform remaining mandatory.

Stock Market Loses N275bn Amid Widespread Selloffs

The Nigerian stock market started the week with a significant decline, erasing N275.15 billion in value as investors engaged in profit-taking across major stocks, including May & Baker and Zenith Bank.

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