…as Pan Atlantic University holds 22nd inaugural lecture In an environment defined by weak institutions and market inefficiencies, Nkemdilim Iheanachor, professor of strategic management at Pan-Atlantic University, argues that African firms can gain an edge by deliberately building strategies that exploit, rather than avoid institutional gaps. Iheanachor made the call while delivering Pan-Atlantic University’s (PAU) read more Iheanachor…

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At least 11 more top companies in Nigeria have abandoned the national grid to generate their own power, as the electricity crisis in Africa’s most populous nation continues to bite into production costs and inflate energy bills, new regulatory data shows. Recent data from the Nigerian Electricity Regulatory Commission (NERC) reveals that the decision to read more NRS,…

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Diezani Alison-Madueke, former Minister of Petroleum Resources, ,on Monday  denied allegations of bribery and abuse of office while testifying before a United Kingdom court. She insisted that she neither solicited nor received illicit payments during her time in office. Appearing at Southwark Crown Court, the 65-year-old told the court that she acted with integrity in read more Alison-Madueke…

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….says ADC going ahead with convention Peter Obi, the former presidential candidate of the Labour Party (LP) in the 2023 general election, and presidential aspirant on the platform of the African Democratic Congress (ADC) ahead of the 2027 election, says he will declare a war against insecurity in Nigeria, particularly in the north. Obi also read more I’ll…

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…targets import cuts SAM Pharmaceutical Limited has opened a new high-capacity manufacturing plant in southwestern Nigeria, aiming to expand local drug production and reduce the country’s reliance on imports. The facility, located in Ota, Ogun State, was inaugurated last week as the company marked its 55th anniversary, drawing senior government officials, regulators and industry leaders. read more SAM…

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The Nigerian equities market has turbocharged, adding N1.36 trillion to its market capitalisation within just 72 hours. This rally was ignited by FTSE Russell’s decision to upgrade Nigeria from “Unclassified” back to “Frontier Market” status, a move that effectively restored the nation’s standing on the global investment map within a three-day window following the announcement. read more FTSE…

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Nigeria’s pharmaceutical companies relied heavily on short-term bank loans to fund operations, expansion, and working capital. That model is now under strain as rising interest rates and currency pressures make debt increasingly difficult to sustain. By the second quarter of 2026, a structural shift is taking hold, with firms beginning to restructure their balance sheets read more High…

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Nigeria’s military has defended its airstrike on Jilli market along the Borno-Yobe border, describing the operation as a precision strike on a terrorist logistics enclave, pushing back against Amnesty International’s allegation that the attack killed 100 people, many of them civilians. The strike, carried out on 11th April along the Bindul-Jilli axis in Gubio LGA read more Military…

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Troops of Operation Hadin Kai have arrested a 15-year-old suspect linked to the attack that killed Brigadier General Oseni Braimah, commander of the 29 Task Force Brigade, and three soldiers in Borno State last week. The suspect, identified only as Tijjani, was apprehended on Sunday in Ngamdu while allegedly on his way to collect logistics read more Army…

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…marks first anniversary The Institute of Chartered Accountants of Nigeria (ICAN) Aviation Chapter plans to launch a N500 million endowment fund designed to provide sustainable funding for its activities. Part of the fund will be invested to generate returns that can support the chapter’s operations, as well as develop facilities for training, research and professional read more ICAN…

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