The Nigeria Sovereign Investment Authority (NSIA) has reported a significant increase in total assets, reaching $3.4 billion in 2025. The announcement was made during NSIA’s Earnings Presentation and Media Parley on Thursday. According to the Authority, the growth was fueled by dynamic asset allocation, efficient liquidity deployment, a 35.8 per cent rise in investment securities, and stronger returns across multiple asset classes. Total assets grew 10.9 per cent year-on-year, closing at N4.91 trillion ($3.42 billion). Capital contributions during the year totaled N360.8 billion, with core earnings of N478.8 billion. Net asset value in USD rose 19.8 per cent, from…
Author: Elvis Eromosele
The Economic Community of West African States (ECOWAS) has officially opened applications for a wide range of positions across its institutions, calling on qualified candidates from member states to apply. Announcing the recruitment on its official website, ECOWAS said it seeks capable professionals to fill roles in administration, finance, trade, infrastructure, health, telecommunications, legal affairs, and security. The recruitment covers dozens of positions in multiple countries, with many roles based in Abuja, Nigeria, and others in Dakar, Conakry, Addis Ababa, and Liberia. Available positions include office aides, programme assistants, accountants, legal officers, political advisers, and senior management roles such…
Flutterwave has secured approval to operate banking services in Nigeria, marking a major step in its evolution from a payments company to a full-scale financial services provider. The fintech firm announced the development via its official X (formerly Twitter) handle, signalling a strategic shift toward offering end-to-end banking capabilities within its ecosystem. With the new licence, Flutterwave is moving beyond its previous role as a Virtual Asset Service Provider (VASP) into core banking operations, giving it greater control over how transactions are processed, settled, and managed. The company said the licence will allow it to deliver a broader suite of…
Seven-Up Bottling Company (SBC) has released its latest sustainability report, themed “Making a CLEAR Difference,” reinforcing its commitment to responsible business practices, environmental stewardship, and community impact across Nigeria. The report, anchored on the pillars of People, Planet and Progress, offers a detailed account of SBC’s sustainability performance over the past year. It highlights strides in environmental management, social impact initiatives, and corporate governance, underscoring the company’s drive to integrate sustainability into its core operations while delivering value to stakeholders. Sari El-Khalil, Managing Director of Seven-Up Bottling Company, said the report reflects a deliberate and consistent effort to balance business…
In a world often overwhelmed by the scale of environmental degradation, stories of quiet, consistent action remind us that transformation is possible, even in the most unlikely places. One such story is that of Jadav Payeng, the Indian environmentalist who turned a barren sandbar along the Brahmaputra River into a thriving forest over several decades. While his story has inspired global admiration, its deeper relevance may lie thousands of miles away, in Northern Nigeria, where desertification continues to threaten livelihoods, food security, and national stability. Across states like Borno State, Yobe State, Katsina State, and Sokoto State, the land is…
Transgrid Enerco Limited and Decentralised Energy Limited have sealed a strategic collaboration to deploy integrated energy solutions across Lagos. The move backed by InfraCredit’s credit enhancement facility, is aimed at expanding generation capacity while reducing power outages in critical commercial districts. The initiative, which will initially cover Marina and Lekki Phase 1 before extending to Ikoyi and Victoria Island, is designed to improve electricity reliability for businesses and residents through a hybrid model that combines grid supply with embedded generation and supporting infrastructure. The companies, in an official statement, confirmed that the partnership will “jointly develop and deploy integrated energy solutions in…
…Initiative equips Nigerians with practical tools to safeguard water quality and protect public health. Nestlé Nigeria Plc, in collaboration with the Federal Ministry of Water Resources and Sanitation and the Organised Private Sector in Water, Sanitation, and Hygiene (OPS-WASH), has launched a National Water Quality Advocacy Handbook aimed at equipping Nigerians with the knowledge and guidance needed to safeguard the quality of the water they use every day. The handbook was unveiled at the Annual Water Quality Conference, hosted by the Federal Ministry of Water Resources and Sanitation in Abuja, as a key outcome of Nestlé Nigeria’s national Water Quality…
Nigeria has unveiled an ambitious plan to revive its oil palm industry, targeting a 10 per cent share of the global market and aiming to lift two million citizens out of poverty within six years. Aliyu Sabi Abdullahi, Minister of State for Agriculture, announced the strategy at the Nigerian Oil Palm Development Strategy Validation Meeting in Abuja, describing it as a shift from policy stagnation to investment-driven growth. According to him, the initiative positions oil palm as both an agricultural and industrial asset, given its wide applications in food production, cosmetics, pharmaceuticals, and animal feed. He noted that the sector…
Seven-Up Bottling Company (SBC) has released its latest annual sustainability report, themed “Making a Clear Difference,” reaffirming its commitment to responsible business practices, environmental sustainability, and community development across Nigeria. The report, anchored on the pillars of People, Planet and Progress, provides a detailed account of SBC’s performance over the past financial year. It outlines achievements in environmental management, social impact, and corporate governance, while highlighting ongoing efforts to integrate sustainability into the company’s core operations. Speaking on the development, Sari El-Khalil, Managing Director, said the report reflects the company’s long-term strategy of driving growth responsibly. “Our sustainability report captures…
Stanbic IBTC, leading financial institution, has reinforced its commitment to driving enterprise growth and economic transformation as it convened policymakers, business leaders, and entrepreneurs at its Nigeria Business Summit 2026. The two-day summit, themed: ‘Nigeria Means Business: Powering Sectors, Growing Sustainable SMEs & Unlocking Global Trade’, brought together stakeholders across agriculture, renewable energy, ICT, and international trade corridors spanning Africa, China, and the Middle East. In his opening remarks, Chukwuma Nwokocha, Chief Executive of Stanbic IBTC, described the summit as a platform for meaningful engagement and value creation. “Today marks the beginning of two important days of learning, connection, and…