Investors Are Finally Betting on Corporate Risk
Nigeria’s fixed‑income market is moving beyond its historic reliance on government securities as investors gravitate toward corporate commercial paper. Double‑digit yields on short‑term paper are enticing institutional portfolios that previously favored Treasury bills and sovereign bonds for safety and liquidity. The shift reflects a broader appetite for private‑debt exposure amid tighter sovereign yields. As more corporations tap the market, commercial paper is emerging from the shadows into a mainstream asset class.
Inside Microsoft’s Move to Redesign Users Interaction with AI
Microsoft announced a Copilot Design System to standardise AI interactions across Windows, Office, and its broader enterprise suite. The system will dictate visual elements, conversational flows, voice and text handling, and memory features, creating a uniform experience for users. It...
Berger Paints Raises Dividend by 37.5% as Shareholders Applaud Profit Growth
Berger Paints Nigeria Plc approved a final dividend of N1.25 per share, taking the annual payout to N1.65 per share – a 37.5% increase over 2024. The company reported profit after tax of N1.57 billion (≈$2 million), up 157% year‑over‑year, while revenue...
Naira Posts Weekly Loss Despite 249.16% Liquidity Surge at NFEM
The Central Bank of Nigeria reported that the naira weakened 0.7% to N1,371 per dollar (≈$0.73) despite a 249% surge in official FX market turnover to $509.22 million. Deal volume fell, with NFEM transactions dropping 11.6% week‑on‑week and interbank deals plunging...
Where Confusion Meets Drive – A Review of Adegboyega Adetunji’s Babel
Adegboyega Adetunji’s 2024 self‑help book Babel challenges readers to pursue ambition through a blend of biblical allusion and modern motivation. The concise, interactive work places readers directly into reflective exercises, avoiding lengthy introductions. While it reinterprets familiar scripture, the author...
Lagos Targets N100bn Health Funding Gap Through Mandatory Insurance
Lagos State announced a mandatory health‑insurance scheme and expanded public‑private partnerships to address an estimated N100 billion ($217 million) funding shortfall. The state currently spends only 8% of its budget on health, well below the 15% Abuja Declaration benchmark. Over 1.46 million residents...
Rotary District 9112 Awards ₦14.9m Scholarship to 23 Students
Rotary International District 9112 disbursed a total of ₦14.9 million (approximately $32,400) in scholarships to 23 students from Lagos and Ogun states. Each recipient receives ₦250,000 (about $540) annually until they graduate, continuing the District Educational and Welfare Endowment Fund (DEWEF) initiative...
Techlytics, IHS Nigeria Launch AI Initiative to Boost Local Engineering Capacity
Techlytics Institute of Technology and Innovation, together with IHS Nigeria, has launched TechHER25, an eight‑week applied AI program targeting 50 female university students. The initiative, which began on May 7 at the University of Ibadan, aims to equip participants with skills...
Stepping Into the Future with the Power of Data
Globacom rolled out two new television commercials, “Road Trip” and “Department of Imagination,” starring Nigerian celebrities to illustrate its promise of seamless connectivity. The ads juxtapose everyday reliability with a futuristic vision, underscoring the company’s recent network upgrades and the...
LG Electronics Expands Health Protection for Nigerian Consumers
LG Electronics is expanding its CSR health initiative in Nigeria, adding a comprehensive insurance scheme to its air‑conditioner sales. The new program, powered by AXA Mansard Health, covers malaria and a range of common illnesses for eligible customers. By bundling health...
Pan African Business Forum Condemns Iran’s Attack on UAE, Urges De-Escalation
Iran launched a missile and drone attack on the United Arab Emirates on May 7, firing 15 missiles and four drones that Abu Dhabi intercepted. The Pan African Business Forum condemned the strike as a violation of international law and pledged...
Court Hears Maitama Property Bought in Dollars in Yahaya Bello Trial
A prosecution witness testified that a Maitama property was bought for the naira equivalent of N950 million—about $2 million—paid in U.S. dollars. The purchase was routed through White Tree Nigeria Limited, allegedly at the direction of Ali Bello. The case is part...
Top 5 Most Used AI Tools in Africa in 2026
AI adoption is booming across Africa as smartphone penetration and affordable broadband fuel demand for generative tools. A recent survey shows over 60% of workers in Nigeria, Kenya, South Africa and Egypt now use AI‑powered applications daily. The continent’s most...
Court Orders Full Hearing in Deadly Angwan Rukuba Killings Case
The Plateau State High Court in Jos scheduled a substantive hearing for July 1‑2, 2026, in the Angwan Rukuba killings case. The attack on Easter Sunday left multiple fatalities and injuries, prompting the arrest of five suspects. Those suspects face charges ranging from...
Oriental Brothers’ Five Fingers: An Album That Feels Like a Declaration
The Oriental Brothers’ 1975 album _Five Fingers_ is presented as a cohesive musical statement that reflects post‑civil‑war Igbo resilience. It blends disciplined ensemble playing, conversational guitar work, and understated rhythm to create highlife that is both danceable and philosophically rich....