Author: Ogochukwu Ndubuisi

Zenith Bank Renews Commitment to Children with Education, Inclusion, Opportunity at Core Much more than commemorating the annual Children’s Day marked every May 27, Zenith Bank Plc is championing the narrative that children are the true leaders of tomorrow. The Bank has deepened its investment in carefully curated initiatives that elevate children across education, financial literacy, health, digital inclusion, and social protection, building a generation equipped to thrive and lead. For Zenith Bank, every child matters, and the Bank’s footprint reflects a deliberate, pan-African strategy to nurture potential from the earliest age. Zenith Bank has been the financial institution partner…

Nigerian Exchange Shrinks as Equities Investors Lose N888bn The Nigerian Exchange (NGX) shrank on Tuesday as equities investors lost more than N888 billion over sharp profit-taking ahead of the Islamic and Children’s holidays. The local bourse closed trading on a negative note, as key market performance indicators dipped by 55 basis points while sell pressures dragged the year-to-date return lower. Ahead of the Sallah break, profit-taking in medium- and large-cap stocks led the market to give up gains from the previous session. Notable decliners included DANGSUGAR, TRANSPOWER, GTCO, FIRSTHOLDCO, TIP, and others, across all key market sectors. The Banking and…

2027: Tinubu’s Infrastructure Footprints‘ll Shift Voting Pattern in FCT – Wike Minister of Federal Capital Territory (FCT), Mr Nyesom Wike, says the infrastructure revolution currently sweeping through the territory, including rural communities, will guarantee a comfortable electoral victory for President Bola Tinubu in the nation’s capital in 2027. Wike made the remarks after an inspection tour of several ongoing infrastructure projects across the territory on Tuesday. Reflecting on the shifting political dynamics in Abuja, the minister said that the traditional voting patterns in the FCT were already changing in Tinubu’s favour. He pointed at the Feb. 21 area council elections…

ACCI Seeks Simpler Tax Compliance, Business-Friendly Reforms The Abuja Chamber of Commerce and Industry (ACCI) has urged policymakers to simplify tax compliance, eliminate multiple taxation and implement reforms that promote growth, investment and strengthening of public trust. Dr Aliyu Hong, Chairman, National Policy Advocacy Centre (NPAC), ACCI, said this at a stakeholders’ tax roundtable, themed “Tax Reality: Ripple Effects on Industry and Commerce,” in Abuja on Tuesday. Hong urged the policymakers and tax authorities to prioritise protection for Micro, Small and Medium Enterprises (MSMEs) and improve strong institutional coordination across all levels of government. According to him, we are urging…

Nigeria, West Africa’s Growth to Remain Stable at 4.7% in 2026 — AfDB The economies of Nigeria and other West African countries are projected to remain stable at 4.7 per cent in 2026. This is according to the 2026 African Economic Outlook released by the African Development Bank (AfDB) on Tuesday at the ongoing Annual Meetings of the bank. In the report released in Brazzaville, the AfDB said the subregion recorded an estimated growth of 4.8 per cent in 2025. It is projected that growth would slow slightly to 4.5 per cent in 2027. According to the report, the region’s…

Okomu Oil Records N172.6bn Revenue From Palm Products in 2025 Okomu Oil Palm Company Plc says its total revenue from palm products rose to N172.6 billion in 2025, representing a 60.5 per cent increase compared to 2024. The company also reported that cost of sales for the year under review stood at N112.339 billion, representing a 175.3 per cent increase over the previous year. The Chairman of Okomu Oil Palm Company, Mr Gbenga Oyebode, disclosed this at the company’s 46th Annual General Meeting (AGM) and 50th anniversary celebration on Tuesday in Abuja. Oyebode said the company recorded a gross profit…

The President of the African Development Bank (AfDB), Sidi Ould Tah, has called for urgent reforms to unlock Africa’s estimated four trillion dollars in domestic savings.

African Leaders Seek New Ways to Finance Infrastructure African ministers, financial institutions, and private sector leaders have called for innovative financing through asset recycling to support infrastructure development across the continent. The call was made during a roundtable on transforming public assets into capital held during the African Development Bank (AfDB) Annual Meetings in Brazzaville, Republic of Congo. The event was organised by Africa50 in collaboration with the AfDB Group. Participants said African countries faced growing debt pressures, shrinking budgets, and external economic shocks, making alternative financing increasingly necessary. They described infrastructure as critical for economic growth, competitiveness, regional integration,…

Brent crude prices rose on Tuesday following US military strikes targeting Iran, underscoring the fragility of ongoing diplomatic efforts toward a possible agreement.

Morocco now Africa’s Leading Industrial Economy- AfDB The African Development Bank (AfDB) says Morocco has overtaken South Africa as Africa’s leading industrial economy. The AfDB said this while inaugurating the 2025 Africa Industrialisation Index (AII) in Brazzaville. It is on the sidelines of its Annual Meetings alongside the inauguration of the Africa Industrial Investment Barometer report. According to the report, Morocco achieved the feat through sustained industrial upgrading, export diversification, and strong industrial policies. The report, however, stated that South Africa remained a major industrial powerhouse in spite of declining competitiveness. It said North and Southern Africa continued to dominate…