Author: Joy Ananias

Nigerian music stars Adekunle Gold and Simi have celebrated their seventh wedding anniversary with heartfelt messages. The couple shared intimate photos and reflective captions that highlighted love, growth, and deep companionship. Their anniversary posts quickly drew attention across social media platforms. Adekunle Gold described marrying his best friend as one of the easiest decisions of his life. He reflected on years filled with laughter, prayer, growth, and intentional choices. According to him, each passing year has felt gentler and more fulfilling. Simi also shared an emotional tribute, expressing gratitude for peace, understanding, and consistent emotional support. She recalled moments from…

Nestlé has reassured Nigerian parents and caregivers that its infant formula products sold locally are safe. The clarification follows global concerns after Nestlé UK voluntarily recalled specific SMA Infant Formula batches. The recall affected over 50 countries across Europe, Africa, the Americas, and Asia due to possible cereulide contamination. The company explained that only certain batches supplied by a major vendor were involved. The precautionary recall aimed to prevent nausea and vomiting among infants exposed to the toxin. Nestlé emphasized that its products approved for the Nigerian market were not affected. NAFDAC Director-General, Prof. Mojisola Adeyeye, confirmed that SMA and…

Anthony Joshua and Jake Paul delivered one of boxing’s biggest spectacles of 2025 in Miami. Their December showdown generated the highest combined purse of the year. The fight raked in an impressive $267 million overall. Joshua secured a sixth-round knockout victory at Hard Rock Stadium. The high-profile bout ranked second overall in yearly boxing impact. Betsson released a detailed breakdown of major fights. The ranking measured searches, attendance, purse size, and overall influence. Despite massive earnings, the fight finished behind another blockbuster. Terence Crawford’s September clash with Canelo Alvarez topped the rankings. That bout achieved a final score of 94…

ARM Investment Managers has launched a ₦200 billion private debt programme to boost SME financing in Nigeria. The initiative aims to expand access to structured, long-term capital for growing businesses. It also supports sustainable economic growth and job creation nationwide. The Chief Executive Officer of ARM Private Debt Fund, Deji Opeola, disclosed this during the Lagos launch. He announced Series I of the ARM Private Debt Fund at the event. The fund is a closed-ended private credit vehicle targeting scalable small businesses. It also offers stable, risk-adjusted returns to qualified investors. Series I targets an initial ₦25 billion raise under…

RusselSmith, an ISO-certified industrial solutions provider, has reached a major milestone in Nigeria’s manufacturing sector. The company announced that it received pioneer status for additive manufacturing from the Nigerian Investment Promotion Commission. This recognition highlights RusselSmith’s leadership in deploying industrial 3D manufacturing technologies across the country. The pioneer status incentive supports companies operating within approved and strategically important industries. It also encourages long-term investments that strengthen national industrial development and economic competitiveness. RusselSmith explained that the designation validates its early adoption of advanced additive manufacturing solutions. Furthermore, the recognition reinforces the company’s commitment to innovation and sustainable industrial growth. Through…

The NASD Securities Exchange recorded impressive growth and strong investor confidence throughout the 2025 financial year. Total market capitalisation surged to ₦2.12 trillion by year end. This represents a remarkable 106 percent increase from ₦1.03 trillion recorded in 2024. The expansion reflected renewed confidence and improved participation across the market. Fresh listings played a critical role in driving the Exchange’s outstanding annual performance. In addition, widespread price appreciation boosted valuations across multiple listed securities. NASD actively executed its diversification strategy across key asset classes. As a result, trading activity increased across equities, fixed income instruments, and digital securities. This shift…

NAFDAC, the National Agency for Food and Drug Administration and Control has issued an urgent safety alert nationwide.The warning concerns the recall of specific Mivacron and Nimbex injection batches from the Nigerian market. According to NAFDAC, the affected injections were manufactured by Aspen Pharmacare Asia Limited.The agency disclosed this development through an official statement shared on its X platform.This recall follows safety concerns initially raised by the Hong Kong Department of Health. NAFDAC confirmed that one batch of Mivacron Injection 0.2 percent is affected.In addition, five batches of Nimbex Injection 2mg per millilitre are included in the recall.The action was…

The Blue Diamond Group has expanded its Uzotex Bonded Terminal operations to Nigeria’s South-East region.The company confirmed the development with the establishment of a new bonded terminal in Imo State.This expansion marks a strategic move to strengthen logistics infrastructure across the country. According to the company, the new terminal will ease trade activities for importers and exporters.It is designed to reduce transit times and improve cargo-handling efficiency significantly.As a result, businesses in the South-East can expect faster and more reliable logistics services. The Managing Director and Chief Executive Officer, Festus Mbisiogu, explained the company’s vision.He stated that the terminal brings…

Fitch Ratings projects that life insurers’ investment portfolios will remain broadly stable in 2026.The agency noted that core fixed-income assets will continue to dominate insurers’ portfolios.Life insurers may, however, increase exposure to private credit and alternative investments next year.The search for yield is expected to drive growth in private credit across multiple asset classes. Fitch anticipates a modest increase in investment risk for the life insurance industry.Increased allocations to private credit and Level III assets are unlikely to cause widespread rating pressure.Fixed-income assets will continue to represent roughly two-thirds of total invested assets.Corporate bonds account for the largest allocation, representing…

The National Bureau of Statistics NBS will normalise Nigeria’s December 2025 inflation data to address projected spikes.The announcement was made during a virtual stakeholders meeting with the Nigerian Economic Summit Group.NBS explained that the spike is driven by base effects from the recent CPI rebasing.The increase does not reflect fundamental changes in Nigeria’s economic conditions, the Bureau emphasised. Analysts projected December headline inflation to range between 31.4 and 32.4 percent year-on-year.Statistician General Adeyemi Adeniran said the spike arises from rebasing CPI to 2024 after 15 years.Base effects are common in statistical practices when comparing periods with unusual price levels.Adeniran stressed…