Daily Business Headlines – November 25, 2022


Airtel Africa, BUA Foods Pushes Stock Market To 5th Consecutive Gain

The equities market at the Nigerian Exchange Limited (NGX) extended gains for the fifth consecutive session, as the benchmark index gained 0.81 per cent to settle at 46,604.94 basis points. On Thursday, telco heavyweight, Airtel Africa, as well as BUA Foods were the major drivers of the market’s strong performance… Read More


Nigeria Targets 95% Financial Inclusion By 2024

The federal government has launched five strategic policy reports in line with its goal of achieving its target of a 95 percent financial inclusion rate by 2024. The reports are the Revised National Financial Inclusion Strategy, National Strategy for Leveraging Agent Networks for Women’s Financial Inclusion… Read More


Stakeholders Outline Measures To Deepen Real Estate Investments

Stakeholders in Nigeria’s real estate business have outlined some of the measures that will further deepen investments in the sector. They spoke at the West Africa Property Investment Summit with the theme, ‘New Frontiers in the New Normal’, held in Lagos recently. The Head, Real Estate Finance, West Africa… Read More


Bakers Urge Federal Government To Subsidise Cassava Flour Costs As Flour Prices Soar

Nigerian bakers under the umbrella of the Master Bakers Association have urged the Federal Government to subsidise the cost of cassava flour in Nigeria and boost adoption as flour prices remain high. The appeal was made by the association’s Chairman, Dr Chidi Orlu, during a capacity-building development for master bakers… Read More



Excess Crude Account falls by 89%

Nigeria’s excess crude account has declined by 89 per cent in the last eight years, moving from $4.1bn in November 2014 to $472,513 in the same period of 2022. According to a statement by the Ministry of Finance, Budget and National Planning, which was seen by The PUNCH on Wednesday, the ECA’s balance… Read More


CBN’s Revised Financial Inclusion Strategy Will Improve Lives – Queen Maxima

Her Majesty Queen Maxima of the Netherlands and United Nations secretary-general’s special advocate for inclusive finance for development has said managing economic shocks remains difficult due to large scale financial illiteracy in Nigeria, a challenge she said the revised financial inclusion strategy has the potential to address… Read More


Economic Downturn Hits Manufacturers, Oil, Services Firms

Economic crunch is biting manufacturers, oil and gas firms as well as services-rendering companies in Africa’s most populous nation whose growth tumbled in the third quarter of 2022. The Nigerian Gross Domestic Product Report Q3 2022 released by the National Bureau of Statistics on Thursday showed that the economy… Read More



2023: UK Raises Security Concern, Says We’ll Be Watching Closely

Ahead of next year’s election, the United Kingdom (UK) has raised security concerns, saying they will be watching development closely. The British High Commissioner in Nigeria, Mrs. Catriona Lang, who stated this Wednesday when she led a delegation on a visit to the leadership of the Peoples’ Democratic Party (PDP)… Read More


13 Years After, Federal Government Reinstates History In Education Curriculum, Begins Training Of 3,700 Teachers

Thirteen years after it was abolished, Federal Government, yesterday, formally announced the return of history as a stand-alone subject in the country’s basic education curriculum. Also, 3,700 history teachers have been shortlisted for the first round of training for enhanced teaching of the subject. Minister of Education… Read More



Finalists Win N53m In Zenith Tech Fair

Winners have emerged in the hackathon session of the Second Edition of the Zenith Tech Fair, themed “Future Forward 2.0” A total sum of N53 million in prize money was won by the successful contestant at the event which was held on Wednesday, November 23, 2022, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos… Read More