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..says Fund resilient despite headwinds The Nigeria Sovereign Investment Authority (NSIA) has attributed the sharp 91 percent decline in its 2025 profit to N161 billion to a combination of foreign exchange revaluation effects and temporary U.S. tariff shocks, stressing that its core operating performance remained stronger than the headline figures suggest. NSIA, manager of Nigeria’s […]

…To launch new Payments System Vision within next month   The Central Bank of Nigeria (CBN) has inaugurated a Payments Service Providers Committee as digital transactions in the country surged past N1 quadrillion, underscoring the scale and growing importance of the ecosystem to the broader economy.   Abdullahi Sani, deputy governor for Economic Policy, said

President Bola Tinubu on Thursday in Jos, Plateau State, promised succour for families of the recent killings at Rukuba town, promising to immediately install over 5000 digital cameras to monitor the activities of criminals in the city. Tinubu stated this at an interactive session with a cross section of community leaders, as part of his

President Bola Ahmed Tinubu has directed the deployment of 5,000 Closed-Circuit Television cameras CCTV, to Plateau state to strengthen security and communication following the Angwan Rukuba attack in Jos North Local Government Area that left 28 people dead. The directive formed part of measures announced during his visit to the state. President Tinubu disclosed this

Governor Abdullahi Sule of Nasarawa State has unveiled the 2026 Nasarawa Investment Summit, announcing plans for a “Lafia Declaration” aimed at institutionalising reforms and providing a clear development pathway for the state capital, which he noted lacks a comprehensive master plan. Speaking at the Conference Hall of the Abdullahi Sule Investment Centre along Muhammadu Buhari

The University of Lagos (UNILAG) has moved to expand students’ housing capacity by handing over the site for over 161-bedspace for the medical students’ hostel to Colton Construction Limited. The development aligned with the Renewal Hope Agenda of President Bola Tinubu’s efforts to strengthen infrastructure in Nigeria’s tertiary education sector. Folasade Ogunsola, the vice-chancellor at

The Nigerian Railway Corporation (NRC) has announced an expansion of its train services nationwide as part of special arrangements to ease passenger movement during the Easter holiday period. In a statement signed by its Chief Public Relations Officer, Callistus Unyimadu, the corporation said additional trips have been introduced on key routes to accommodate the anticipated

read more BusinessDay 02 Apr 2026

Currently, the numbers from the Nigerian economy suggest recovery, yet the lived reality of millions of citizens tells a different story. On paper, the economy is expanding at its fastest pace in three years. In reality, households continue to sink deeper into hardship, squeezed by a cost-of-living crisis. According to the National Bureau of Statistics,

The Federal Road Safety Corps (FRSC) has announced the redeployment of 162 senior officers across its formations nationwide in a move aimed at strengthening operational efficiency and enhancing road safety outcomes. The redeployment, approved by Shehu Mohammed, the Corps Marshal, is described as a strategic shake-up designed to reinforce discipline, improve performance, and drive innovation