Chams Holding Company Plc has announced the creation of a new subsidiary, ChamsCorp Plc, and notified the Nigerian Exchange Limited (NGX) and investing public of the development. The newly incorporated ChamsCorp Plc will focus on: Digital device manufacturing and infrastructure development Data centre design, implementation and operations Artificial intelligence infrastructure Intelligent systems development Board appointments The board of Chams Holding has appointed: Mohammed Bashir Yunusa as Chairman Olufemi Oyenuga as Managing Director/Chief Executive Officer Both appointments took effect on February 1, 2026. About the chairman Yunusa is a finance professional with experience in deal structuring, corporate and retail finance, business…
Author: Elvis Eromosele
Nigeria recorded a sharp rise in foreign capital inflows in the first nine months of 2025, with total importation climbing 132.27 per cent to $16.77 billion, according to data from the National Bureau of Statistics (NBS). The $16.77 billion inflow between January and September 2025 compares with: $7.22 billion in the same period two years earlier $3.90 billion in the same period of 2023 $12.32 billion for the full year 2024 The nine-month total for 2025 has already exceeded the entire 2024 figure. Foreign Portfolio Investment (FPI) accounted for the largest share of inflows: $14.25 billion in nine months Up…
Nigeria’s headline inflation rate eased to 15.10 per cent in January 2026, down slightly from 15.15 per cent in December 2025, according to the National Bureau of Statistics (NBS). The marginal decline surprised analysts who had projected a spike to between 18 and 19 per cent, especially following the recent Consumer Price Index (CPI) normalisation, which created a lower base effect for January 2025. Food and core inflation moderate The January reading reflects slower price growth across both major components of the inflation basket: Food inflation dropped to 8.89 per cent Core inflation eased to 17.72 per cent On a…
The Seed Entrepreneurs Association of Nigeria (SEEDAN) has pledged to deliver high-quality seeds to farmers across Nigeria and beyond as it unveiled a five-year strategic plan aimed at repositioning the country’s seed sector. Yusuf-Ado Kibiya, SEEDAN President, committed at the launch of the roadmap in Abuja, describing it as a major step toward strengthening private-sector participation and improving food security. The strategy was developed with technical support from the Alliance for a Green Revolution in Africa (AGRA) and Sahel Consulting Agriculture & Nutrition Ltd. Kibiya said the plan directly addresses longstanding challenges faced by seed companies, including governance gaps, quality…
Nigeria’s foreign direct investment (FDI) inflows climbed to $21 billion between January and October 2025, marking a sharp increase compared to previous years. The figure represents a 75 per cent rise from $12 billion recorded in 2024 and more than a 425 per cent jump from under $4 billion in 2023, according to Jumoke Oduwole, Minister of Industry, Trade and Investment. Oduwole disclosed the figures during her ministry’s budget defence before the House Committee on Commerce last Wednesday. The minister attributed the surge to more than 100 bilateral investment engagements conducted both locally and internationally. New partners such as the…
Dr. Ernest Ndukwe, Chairman of MTN Nigeria, has celebrated the global expansion of Flutterwave, describing the payments firm as proof of how far Nigeria’s digital economy has evolved. Speaking at Flutterwave’s 10th anniversary gala night held at The Delborough Lagos, Ndukwe traced Nigeria’s transformation from the era of long queues at the former state telecom monopoly to today’s globally competitive fintech landscape. Reflecting on his tenure as Executive Vice Chairman of the Nigerian Communications Commission under former President Olusegun Obasanjo, Ndukwe said the telecom liberalisation of the early 2000s dismantled systemic inefficiencies and unlocked private-sector innovation. Before reforms began in…
The first 100 United States military personnel have arrived in northeastern Nigeria, marking the start of a new phase in security cooperation between Abuja and Washington. The deployment is part of a planned 200-member U.S. mission aimed at strengthening Nigeria’s counterinsurgency operations through intelligence support, tactical training and strategic advisory services. A U.S. military aircraft reportedly landed in Maiduguri, the Borno State capital, on Thursday night, with additional aircraft and equipment arriving shortly after. Officials from both countries confirmed that about 100 personnel are arriving in the first wave, with more expected in the coming days. Nigeria’s Minister of Defence,…
The reported request by former Kaduna governor Nasir El-Rufai for clarification over the alleged importation of thallium sulphate by the Office of the National Security Adviser (ONSA) carries political, security, and institutional implications that extend beyond the individuals involved. Here’s an analysis of its broader significance: 1. National Security Sensitivity Thallium sulphate is an extremely toxic substance, historically used as a rodenticide but now tightly restricted due to its danger. Any reported procurement of such a chemical by a national security agency immediately raises red flags because: It is classified as a controlled hazardous material. It has potential for misuse…
Nigeria’s fuel supply position strengthened in January 2026, with petrol stock sufficiency rising to 33 days, even as total daily PMS supply declined month-on-month, fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows. The figures reveal a sector in transition: domestic refining is gaining influence, imports are declining, but diesel demand is surging beyond benchmarks, a warning sign about deeper structural energy weaknesses. Petrol Supply Falls – But Stocks Improve According to the NMDPRA fact sheet: PMS domestic supply fell from 74.2 million litres/day in December 2025 to 63.0 million litres/day in January 2026. PMS consumption…
The International Facility Management Association (IFMA) Nigeria Chapter has officially expanded its footprint with the inauguration of the Oyo State Branch, marking a significant milestone in the advancement of facility management practice and professional development in the South-West region of Nigeria. The ceremony, which doubles as the Chapter’s first strategic meeting of 2026, was held recently at the Nigerian Society of Engineers (NSE) Secretariat in Akobo area of Ibadan, the Oyo State capital. In attendance at the inauguration were the IFMA National Executive Council members, professionals, and stakeholders who are in alignment with IFMA’s mission to professionalise the built environment…