The Nigerian Exchange Group (NGX) has emphasized the need for collaboration among stakeholders to create a sustainable and well-regulated environment for digital asset trading and investment in Nigeria. Its Chairman, Dr. Umaru Kwairanga, made the remarks in a goodwill message at the 2026 Investment Advisers and Portfolio Managers’ Conference on Thursday in Lagos. The conference theme, “Fostering Enduring Operating Environment for Digital Assets Trading and Investments – Regulators/Operators Perspective,” reflects the growing influence of emerging technologies in modern finance, Kwairanga said. He noted that digital assets are reshaping traditional markets while offering new opportunities for capital formation, investment diversification, and…
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Skyway Aviation Handling Company (SAHCO) Plc has donated fully equipped Chemistry, Physics, Home Economics, and Agriculture laboratories to Mafoluku Grammar School, Oshodi, Lagos. The laboratories were formally handed over to the school on Friday. The Group Chairman of SIFAX Group, Dr. Taiwo Afolabi, said the initiative would strengthen Science, Technology, Engineering, and Mathematics (STEM) education in Nigeria. He was represented at the event by his Special Assistant, Mr. Hamid Adebowale. Afolabi highlighted the company’s commitment to fostering innovation and practical learning in Nigerian public schools, describing the donation as a strategic investment in the nation’s future. He emphasized that Nigeria’s…
A financial expert, Ms. Margaret Banasko, Head of Marketing at FairMoney Microfinance Bank, has said Nigerian freelancers are facing increasing financial pressure due to the rising cost of living. She made the statement in Lagos on Friday, highlighting the challenges freelancers encounter within Nigeria’s growing digital economy. Banasko noted that Nigeria remains a leader in Africa’s digital labor market, with millions of young people relying on freelance and gig work for income. Citing World Bank data, she said Nigeria has about 17.5 million online gig workers in sub-Saharan Africa, supported by a young population—over 65% of whom are under 35.…
The Federal Competition and Consumer Protection Commission (FCCPC) says it did not ban airtime borrowing and data advance services in Nigeria. In a statement by Mr. Ondaje Ijagwu, Director of Corporate Affairs, the Commission clarified that no directive was issued preventing consumers from accessing lawful telecom value-added services. Ijagwu made the statement in Abuja on Friday in response to media reports alleging that the Commission had banned such services, calling the claims “incorrect.” “Following numerous consumer complaints about opaque charges, unexplained deductions, aggressive recovery practices, poor disclosure, and inadequate accountability in segments of the digital lending and advance-services market, FCCPC…
The Naira closed the week with a slight loss at the official market, trading at ₦1,343.63 against the U.S. dollar. Data released on the Central Bank of Nigeria (CBN) website on Friday showed that the Naira lost ₦1.33, representing a 0.09% decline from Thursday, when it stood at ₦1,342.30 to the dollar. READ ALSO: NGX urges collaboration for digital asset growth The Naira had enjoyed a two-week appreciation before falling on Friday. It traded at ₦1,356.18 on Monday, ₦1,343.76 on Tuesday, and ₦1,343.74 on Wednesday. However, on Friday, the Ngerian currency lost N1.33, representing a 0.09 per cent loss against…
Nigerians have not had it so bad in recent history. The country is unravelling, and the government is vacillating between denial and a pompous lack of concern to multiple unfolding crises. Trump’s United States of America that promised to kill off security threats in the country, and rescue Christian victims “guns a blazing” are running out of the country with their tails between their legs. The US State Department, in a travel advisory, authorised non-emergency government employee and their family members to leave its embassy in Abuja due to the deteriorating security situation in Nigeria. Visa services in the Embassy have…
MTN Nigeria Communications Plc has temporarily suspended its airtime and data lending service, Xtratime, following new reguMTN suspends xtratime over new FCCPC ruleslations introduced by the Federal Competition and Consumer Protection Commission (FCCPC). The company disclosed this in a corporate filing to the Nigerian Exchange Limited on Thursday. MTN said the suspension was necessitated by the FCCPC’s Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025, which establish a new compliance and licensing framework for providers of digital credit services. In the disclosure signed by its Company Secretary, Uto Ukpanah, the telecom operator explained that Xtratime enables eligible prepaid subscribers…
The UN Deputy Secretary-General, Ms Amina Mohammed, has reaffirmed the organisation’s commitment to supporting Nigerian-led solutions to development and humanitarian challenges. UN spokesperson, Stéphane Dujarric, said Mohammed had returned from Nigeria, where she visited Zamfara and Benue states and met communities affected by insecurity and displacement. He said she witnessed firsthand the scale of humanitarian needs, as well as ongoing response efforts by authorities and partners. Meanwhile, the UN says digital tools are transforming Nigeria’s response to humanitarian challenges, including tracking internally displaced persons, despite funding constraints and technology gaps. The development was highlighted at the ongoing 59th Session of…
The Commandant of the Nigerian Defence Academy (NDA), Maj.-Gen. Oluyemi Olatoye, has urged newly promoted senior officers to redouble their efforts in tackling the nation’s security challenges and justify the confidence reposed in them by the Armed Forces. This is contained in a statement on Thursday in Kaduna by Maj. Reuben Kovangiya, the NDA Public Relations Officer. He said Olatoye gave the charge during the decoration of officers elevated to the rank of Lieutenant Colonel and their equivalents in the Nigerian Navy and Air Force. He reminded the officers of the core values of their respective services, stressing the need…
The Kwara Director of the National Orientation Agency (NOA), Abdulganiyu Dare, has urged women to nurture children while advocating for their rights. Dare gave the charge at the International Women’s Day programme organised by the Nigeria Labour Congress (NLC) Women Committee, Kwara Council, on Thursday in Ilorin. He said women should deliberately guide their children and wards away from social vices threatening society’s future. According to him, women remain central to promoting justice, equity, and inclusion, as well as shaping the values, character, and behaviour of younger generations. He urged women to pursue their rightful place while intentionally raising children…