Dr Ike Neliaku, President of the Nigerian Institute of Public Relations (NIPR), and media personality Sulaiman Aledeh have called on journalists and public relations practitioners to play a more strategic role in rebuilding Nigeria’s reputation through credible reporting, constructive storytelling and evidence-based communication. They made the call at the monthly meeting and PR Clinic of the NIPR Lagos Chapter, held at LTV 8, Lagos, on the theme, “Rebuilding Nigeria’s Reputational Currency with Media as a Tool.” Neliaku, who joined the programme virtually, said Nigeria needed a deliberate and coordinated approach to reputation management rather than allowing negative narratives, stereotypes and…
Author: Elvis Eromosele
Nigeria’s net foreign exchange reserves have climbed to a record $46 billion, while gross external reserves have surpassed $55 billion, strengthening the country’s capacity to meet external obligations and boosting investor confidence. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), disclosed this on Thursday at the Nigeria-Asia Connectivity Dialogue, attributing the improved outlook to stronger reserves and relative stability in the foreign exchange market. “The gross foreign reserves are now at an all-time high of $55 billion. Our net reserves is at US$46 billion. In addition to that, the foreign exchange market is stable. These are the things…
Dr Aminu Maida, Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), has urged staff of the Commission to improve service delivery by responding promptly to inquiries, communicating clearly and taking ownership of stakeholders’ concerns. Maida made the call on Wednesday, October 7, 2026, during the Commission’s commemoration of Customer Service Week 2026 at its headquarters in Abuja. The event was held under the theme, “Going the Extra Mile.” He said customer service remained central to the NCC’s mandate, stressing that the Commission’s policies, decisions and regulatory interventions should ultimately improve stakeholder experience and support the…
Professor Idowu Akanbi Sobowale, a renowned communication scholar and veteran member of Nigeria’s media community, has died at the age of 85. Sobowale died on Thursday morning, October 8, 2026, according to a statement issued by a member of his family, Akinniyi Sowunmi. The statement, titled “Transition to Glory,” described his death as a major loss to Nigeria’s communication and media community, particularly members of the Association of Communication Scholars and Professionals in Nigeria (ACSPN). “This is a very sad day for us in the Communication Community in Nigeria and especially for us at the Association of Communication Scholars &…
OpenAI’s annualised revenue is reportedly about $20 billion below earlier estimates, raising fresh questions about the pace of growth at one of the world’s most closely watched artificial intelligence companies. According to the Financial Times, OpenAI’s annualised revenue reached roughly $50 billion as of September, significantly below the $70 billion figure previously cited by investors and media reports. The sharp difference appears to have resulted largely from how investors calculated the company’s annualised revenue rather than from a sudden collapse in sales. Annualised revenue is calculated by taking revenue generated over a particular period and projecting it across a full…
The White House has barred Microsoft and seven other technology companies from processing new or pending applications under a US programme that allows skilled foreign workers to obtain permanent residency. US Vice President JD Vance accused the companies of abusing the H-1B visa system and related immigration processes, alleging that they were using foreign workers to displace American employees. Microsoft, Adobe, Cognizant, Infosys, Tata, Wipro, HCL and Capgemini were named in the government’s action. “No company in the US has abused this system more than Microsoft,” Vance said on Thursday. US Secretary of Labor Keith Sonderling said the Department of…
Samsung Electronics expects its quarterly operating profit to surge ninefold year-on-year, as booming demand for memory chips used in artificial intelligence (AI) data centres drives record earnings. The South Korean technology giant said it expects operating profit for the three months to September to reach 107.4 trillion won ($80 billion), marking its fourth consecutive quarter of record earnings. The forecast underscores the scale of the global AI boom, which has triggered a surge in demand for advanced semiconductors used to power data centres and AI applications. Samsung is one of the world’s largest memory-chip manufacturers, competing with South Korea’s SK…
The Federal Government has introduced a 30-day discount on petrol sold by the Nigerian National Petroleum Company Limited (NNPC Limited), with public transport operators to receive priority under the arrangement. Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, announced the measure on Thursday, October 8, 2026, during a briefing on petrol prices and subsidy-related issues in Abuja. Oyedele said the arrangement does not amount to a fuel subsidy, explaining that the government would instead sell petrol through NNPC at cost for the 30-day period. “Government is taking further steps. Number one, margin discounts at NNPC stations. We…
J.P. Morgan is set to deepen its presence in Nigeria with plans to launch a merchant bank before the end of 2026, subject to regulatory approval. Dapo Olagunji, Managing Director of J.P. Morgan West Africa, disclosed the plan at the Nigeria–Asia Financial Connectivity Dialogue in Singapore, organised by the Central Bank of Nigeria (CBN) in partnership with J.P. Morgan, Nigerian Exchange Group (NGX) and FMDQ Group. The proposed merchant bank is expected to expand J.P. Morgan’s operations in Nigeria while strengthening its links with Nigerian businesses, investors and the country’s capital markets. Olagunji announced the planned launch while welcoming participants…
Nigeria’s equities market extended its losing streak on Thursday as aggressive profit-taking and broad-based sell-offs erased N1.33 trillion from investors’ wealth in a single trading session. The total market capitalisation of listed equities fell by 0.82 per cent to N161.05 trillion, from N162.39 trillion recorded at the close of trading on Wednesday. The decline continued the bearish trend that has characterised the market since the start of the week. The benchmark NGX All-Share Index (ASI) also dropped by 2,054.25 points, or 0.82 per cent, to close at 248,042.50 points. Trading activity remained relatively strong, with 492.14 million shares exchanged in…