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The four-member crew of NASA’s Artemis 2 mission has travelled further from Earth than any human in history, eclipsing a record held for over half a century. On Monday, the Orion spacecraft reached a distance of 406,711 kilometres from our home planet. This achievement surpasses the previous milestone of 400,171 kilometres set by the ill-fated…
The Dangote refinery has emerged as a critical energy lifeline for Africa as the conflict between the United States and Iran paralyses Middle Eastern shipping. Operating at its full 650,000-barrel-per-day capacity, the Lagos-based facility recently exported 17 cargoes of petrol to nations across West, Central, and East Africa. This surge in regional trade follows the…
Only 10.5 per cent of Nigerian women in the workforce hold wage or salaried positions, according to the latest World Bank gender data. While female labour participation is high at 80.7 per cent, the vast majority of women are trapped in low-quality, informal roles. This structural imbalance leaves millions without income security or social protections….
The National Insurance Commission (NAICOM) has raised the minimum capital for national microinsurance firms to N3 billion. This sharp increase, contained in the 2026 licensing guidelines, seeks to force financial stability upon a sector designed to serve the poor. Previous requirements for national players stood at just N600 million. Regulators now demand a five-fold increase…
Nigeria has effectively ended its era as a mono-product oil economy. New data from Quartus Economics reveals that between 2010 and 2024, the federation earned N161.1 trillion, with non-oil streams now providing the majority of government income. For the first time in decades, tax and non-oil revenues have eclipsed crude oil as the primary pillars…
Soldiers of Operation Hadin Kai have crippled several insurgent supply chains across the North-East, arresting 16 suspects and intercepting cross-border fuel smuggling. In a series of high-intensity raids between late March and early April, troops disrupted the movement of food, fuel, and explosives intended for Boko Haram and ISWAP camps. These operations targeted key transit…
The Nigerian Exchange Group (NGX) is leading a diplomatic push to unify Africa’s fragmented capital markets through cross-border listings. Group Chairman Umaru Kwairanga and CEO Temi Popoola recently hosted heads of major bourses from Johannesburg, Nairobi, Accra, and Addis Ababa in Lagos. The goal is to move past isolated trading floors toward a single investment…
The World Health Organisation faces a $1.9 billion budget deficit following the formal withdrawal of the United States this January. President Donald Trump initiated the exit a year ago, ending nearly eight decades of American financial leadership. Washington previously provided up to 22 per cent of the agency’s budget, a loss that now threatens global…
Rising energy costs and fractured supply chains are threatening to derail Japan’s fragile economic recovery. In its quarterly report released on April 6, the Bank of Japan (BOJ) warned that the war in the Middle East is beginning to squeeze regional businesses. Policymakers noted that while the domestic economy remains resilient, the closure of the…
Gold prices slipped on Monday as a resurgent dollar and robust American labour data outweighed the geopolitical risk premium from the Middle East. Spot gold fell 0.4 per cent to $4,658.90 per ounce, retreating from recent highs despite the ongoing maritime blockade in the Persian Gulf. Investors are recalibrating their portfolios as the prospect of…
