Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), has said a new generation of young investors using fintech platforms is driving rapid growth in Nigeria’s capital market. Speaking on Moneyline with Nancy, Agama said increasing adoption of digital investment applications has sparked fresh interest in equities and other capital market products, particularly among younger Nigerians. According to him, the SEC is conducting a nationwide investor survey and will release fresh data on retail participation before the end of 2026 to provide a clearer picture of changing investment trends. Agama noted that while official survey results are still being…
Author: Elvis Eromosele
The Federal Government has begun arrangements to repatriate more than 1,000 Nigerians from South Africa following renewed xenophobic tensions and growing concerns over the safety of foreign nationals in the country. The Ministry of Foreign Affairs disclosed that screening for a voluntary repatriation programme commenced on Thursday for Nigerians willing to return home. Spokesperson for the Ministry, Kimiebi Ebienfa, said the number of Nigerians expected to participate in the exercise could exceed 1,000, although the final figure is still being compiled. “The total figure is not yet available, but we are expecting over 1,000 persons,” Ebienfa said. The move comes…
Sovereign Trust Insurance Plc has remitted N1.5 billion to the Central Bank of Nigeria (CBN) as its statutory capital deposit, becoming one of the insurance firms complying with new regulatory requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The company disclosed this in a statement signed by Mr. Olusegun Bankole, its Deputy General Manager, Corporate Communications and Investor Relations. Under directives issued by the National Insurance Commission (NAICOM), all insurance operators are required to lodge 10 per cent of their minimum regulatory capital with the CBN as part of ongoing reforms aimed at strengthening the industry’s financial stability…
The Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR) has officially unveiled the 2026 edition of Lagos PRFest, a flagship event designed to celebrate excellence in public relations, promote professional development and reinforce the role of strategic communication in nation-building. The unveiling took place during the Chapter’s Monthly Meeting/PR Clinic held on Thursday, June 4, 2026, at the Eko FM Multipurpose Hall, Agidingbi, Ikeja, Lagos. Speaking at the unveiling, Dr Samuel Ayetutu, PhD, fnipr, Chairman of the Lagos State Chapter of NIPR, described PRFest as one of the chapter’s most significant professional initiatives aimed at bringing together…
Agile Robots, the Munich-based AI robotics company backed by SoftBank, is making significant strides in the industrial robotics sector, positioning itself as one of Europe’s leading players in the emerging “Physical AI” revolution. The company, which became one of Europe’s first robotics unicorns in 2021 after SoftBank’s Vision Fund 2 led a $220 million Series C funding round, has been especially active this year. In 2026, Agile Robots unveiled its industrial humanoid robot Agile ONE, designed to collaborate safely alongside humans in factories and complex industrial settings. The company also announced a strategic partnership with Google DeepMind to enhance robotic…
The Nigerian Communications Commission (NCC) has released a draft regulatory framework aimed at protecting smaller telecommunications operators from anti-competitive practices and ensuring the long-term sustainability of Nigeria’s telecoms industry. The proposed Business Rules for Mobile Virtual Network Operators (MVNOs) are designed to prevent dominant Mobile Network Operators (MNOs) from using predatory pricing, operational bottlenecks, or other practices that could disadvantage smaller operators and virtual network providers. According to the Commission, the draft regulations seek to create a level playing field for all industry participants, promote fair competition, strengthen operational standards, and accelerate growth across the telecommunications ecosystem. The NCC said the initiative…
Trust me, running a business in Nigeria today is not for the faint of heart. One wakes up every day thinking about diesel, electricity, salaries, rent, taxes, exchange rates, and the next client who wants premium work with a 50 per cent discount. Diesel has gone up so sharply it now deserves its own seat on the management team. Power is as reliable as a politician’s promise, so you cannot run a serious business without a generator, inverter, batteries, solar, or all four praying in shifts. Add it up, and you wonder whether you are running a company or moonlighting…
Prof. Barth Nnaji, former Minister of Power and Chairman of Geometric Power, has been confirmed as the Special Guest of Honour at the SUPERNEWS Conference and 10th Anniversary Celebration scheduled for July 7, 2026, in Lagos. The conference, themed “Local Content and Digitisation: Building Synergy Between the Oil & Gas and Insurance Sectors for Inclusive Growth,” will hold at the Oriental Hotel, Victoria Island, Lagos, from 10:00 a.m. The event is expected to bring together key stakeholders from the oil and gas, insurance and financial services sectors, including regulators, industry leaders, operators, civil society organisations, media professionals and students, to…
Nigeria’s transport, logistics and supply chain sector has grown to a market value of more than $2.3 billion, driven by infrastructure investments, expanding e-commerce activities and improving cross-border trade relations, industry experts have said. The sector, which was valued at about $2 billion as of December 2024, has recorded steady growth and is projected to reach $3 billion by 2029. Dr. Ganiyu Olaogun, a transport and logistics expert, attributed the growth to ongoing investments in critical infrastructure and the increasing adoption of technology across the supply chain ecosystem. “The sector is currently valued at over $2.3 billion. From a valuation…
The Federal Government is targeting more than $10 billion in fresh upstream oil and gas investments as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) prepares to launch the 2026 Licensing Round in the third quarter of the year. The move follows the approval of the licensing exercise by President Bola Tinubu, who also serves as Minister of Petroleum Resources, in line with the provisions of the Petroleum Industry Act (PIA) 2021. The announcement was made by Mrs. Oritsemeyiwa Eyesan, Commission Chief Executive of NUPRC, during a visit by Meren Energy (formerly Africa Oil) to the Commission’s headquarters in Abuja. According…