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Rivers State University targets N110bn in 5-year strategic development plan

…Deep study reveals how to take RSU to top 10 Nigerian universities …Focus to be on research, innovation, and entrepreneurship The Rivers State University (RSU), Nkpolu-Oroworukwo, Port Harcourt, formerly the University of Science and Technology (UST), has unveiled a new vision that may require N110bn in the next five years. The vision is aimed at […]

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Insurance reform must strengthen the sector, not shrink it

The ongoing recapitalisation programme triggered by the Nigerian Insurance Industry Reform Act has begun to reshape the structure of the sector in ways that were perhaps inevitable but also deeply revealing. While some operators insist they have met the new capital thresholds, a growing number are quietly restructuring their businesses (selling portfolios, shedding licences and

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Nigeria’s revenue boom masks a leak as deductions swallow 39% – World Bank

Nigeria’s public finances are facing renewed scrutiny after the World Bank warned that a growing share of federation revenues is being absorbed by deductions before funds reach federal, state and local governments, raising fresh concerns about fiscal sustainability despite stronger inflows. More than 39 percent of revenues generated in 2025 were consumed by statutory and

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Pension assets rise by N1.39trn in February, highest ever-recorded growth

…as equity gains boost returns Nigeria’s pension assets climbed to N29.43 trillion in February, delivering a N1.39 trillion month-on-month surge, the strongest expansion in the more than two decades since the Contributory Pension Scheme was introduced. The jump eclipses the previous high set in January 2024, when assets rose by N1.18 trillion, underscoring a new

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Nigeria regains Frontier Market status in fresh boost for stocks

FTSE Russell has officially updated Nigeria’s status in its latest Equity Country Classification Interim Review, released Tuesday, April 7, 2026. Following a period of observation on the “Watch List” since September 2025, the index provider has confirmed Nigeria’s move back to Frontier Market status from its previous “Unclassified” (Standalone) position. This reclassification is a major

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Nine months after commissioning, rain wrecks Wike’s billion-naira bus terminal

A section of the Kugbo Bus Terminal in Abuja, commissioned nine months ago by the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has been damaged following a heavy rainstorm, raising fresh concerns about infrastructure resilience and project delivery standards in the capital. The terminal, situated along the Nyanya–Keffi Expressway on the Mararaba–Nyanya corridor,

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