South Korean entertainment company HYBE posted record quarterly revenue of 727.2 billion won, equivalent to $524.7 million, during the third quarter of this year on Monday, November 10, representing year-over-year growth of 37.8 percent. Concert income tripled from the previous year to reach 245 billion won as Jin from BTS, SEVENTEEN, TOMORROW X TOGETHER, and…
Nigeria’s customs authority in Port Harcourt has exceeded its annual revenue goal by more than 31 billion naira after collecting 247 billion naira during the first 10 months of 2025. Comptroller Salamatu Atuluku disclosed the figures at a media briefing, noting that the command’s performance represented a 51 percent increase compared to the 164 billion…
A diaspora organization based in London has recognized the head of Nigeria’s upstream petroleum regulator for receiving two international honors during a recent ceremony at the United Kingdom Parliament. Gbenga Komolafe, who leads the Nigerian Upstream Petroleum Regulatory Commission, obtained a professional doctorate in leadership focused on energy law from the International Business School of…
The Country Women Association of Nigeria has partnered with MoMo Payment Service Bank to launch an initiative targeting 25 million business owners across the country. The collaboration centers on the National Entrepreneurship Summit and Exhibition 2025, taking place on November 18 through 20 in Lagos, with a focus on innovation and financial access for women…
Nigeria’s insurance regulator has accelerated sector transformation between May 2024 and October 2025 through strategic partnerships and enforcement measures designed to integrate the industry into national economic planning. The National Insurance Commission launched a recapitalization program on July 31, 2025, establishing higher minimum capital thresholds, including 10 billion naira for life insurers and 15 billion…
Summit Bank executives addressed speculation linking Nigeria’s newest Islamic banking institution to Zenith Bank, confirming independent governance despite board members holding previous positions at established financial firms. Managing Director Sirajo Salisu announced full regulatory compliance and operational readiness to deliver transparent services domestically and internationally, while Chief Operating Officer Mukhtar Adam emphasized professional oversight aligned…
Nigeria’s currency strengthened to 1,465 naira per dollar at informal exchanges following removal from the Financial Action Task Force grey list on Friday, October 24, marking recognition of anti-money laundering reforms across 40 recommendations. The milestone prompted Central Bank Governor Olayemi Cardoso to emphasize consolidating compliance gains while foreign reserves reached 43.10 billion dollars by…
Ogun State has secured commitments from international firms spanning China, Taiwan, Morocco, Tunisia, Qatar, Algeria and Brazil following investment missions led by Governor Dapo Abiodun beginning in late August. Agreements encompass renewable energy infrastructure, digital technology expansion, agro-processing facilities and fertilizer production, with the China National Electric Engineering Company and Inspur Group among entities pledging…
Research commissioned by transportation platform Bolt indicates that 81 percent of Nigerian travelers consider app-based mobility services the safest option among available transport alternatives, according to findings from survey firm Ipsos covering Lagos, Abuja, Port Harcourt and Ibadan. Nearly all participants reported selecting digital ride platforms when public transit appears hazardous, particularly for nighttime journeys…
Denmark plans to increase economic partnerships with Nigeria by channeling investment and expertise into the West African nation’s expanding maritime industry, focusing on port infrastructure, ocean commerce, and workforce development for sailors. Danish Ambassador Jens Bach Jansen disclosed the initiative during a visit to the Nigerian Maritime Administration and Safety Agency offices in Lagos, highlighting…
