Saturday, August 29, 2026

Economy

August 3, 2026

IMF lauds Saudi ‘resilience’ as economy weathers war, but cuts growth outlook to 1.7%

The executive board of the International Monetary Fund completed the Article IV Consultation for Saudi Arabia. The Saudi economy entered 2026 with strong momentum.

August 3, 2026

Niger secures fresh $33 million as IMF hails reform progress

The executive board of the International Monetary Fund has completed the ninth review of the 60-month Extended Credit Facility arrangement for Niger.

Niger junta
August 3, 2026

IMF approves $1.77 billion for Egypt, seeks accelerated privatisation, state footprint reduction

Egypt has faced the implications of the war in the Middle East in a stronger macroeconomic position than during previous episodes of external stress, with robust growth.

Abdel Fattah El-Sisi
August 3, 2026

FirstBank restates commitment to female entrepreneurship with N10 million grants

Onyinye Obayi, founder of Honeypot Confections, emerged as the overall winner, receiving a N5 million grant.

First Bank
August 3, 2026

Gov Kefas signs executive orders to combat political thugs, illegal miners

Governor Agbu Kefas on Sunday in Jalingo signed three executive orders aimed at tackling political thuggery, illegal mining and drug abuse in Taraba.

Taraba governor, Agbu Kefas
August 3, 2026

NAICOM confirms 43 insurers, reinsurers meet NIIRA 2025 capital requirements

The National Insurance Commission has confirmed that 43 insurance and reinsurance companies have complied with the new minimum capital requirements.

Zenith General Insurance Company Ltd., Leadway Assurance Company Ltd., Custodian Life Assurance Ltd., Custodian and Allied Insurance Plc, NEM Insurance Plc, AIICO Insurance Plc, CHI Life Assurance Ltd., Heirs General Insurance Ltd., FIN Insurance Company Ltd., Cornerstone Insurance Plc and Mutual Benefits Assurance Plc.
August 3, 2026

Nigerian commodity firm Neveah bags ISO certifications

ISO 14001 affirmed the company’s focus on responsible environmental management, waste reduction, resource efficiency, and sustainable production practices.

Ibidapo Lawal
August 3, 2026

BUA Foods posts nearly N300 billion half-year profit

The operating profit margin also increased to 42 per cent from 31 per cent, reflecting improved operational efficiency and disciplined cost management.

BUA Foods
August 3, 2026

Five important ways to live long happily in Nigeria

With the combined diabolical forces of hunger, kidnappers, bandits, terrorists, corrupt politicians and poor health systems, the chance of living long in Nigeria seems reduced.

Crowds at Lagos bus stop
August 3, 2026

Dangote, Sinoma sign $800 million MOU to expand Itori cement plant capacity to 12 MTA

Dangote Industries Limited and Sinoma International Engineering Co., Ltd. have signed a landmark memorandum of understanding (MOU) valued over $800 million.