Chinwe Michael

3 days ago | businessday.ng | Chinwe Michael

Releaf Earth, a Nigerian climate and agri-tech company, has launched the country’s first industrial biochar production facility in Iwuru, Cross River State. The plant is projected to permanently remove 40,000 tonnes of CO₂-equivalent from the atmosphere by 2030, with expansion plans targeting an additional 60,000 tonnes across other locations.

3 days ago | businessday.ng | Chinwe Michael

…Losses drop to N28.7bn from N951.7bn in three monthsForeign exchange (FX) losses of major companies in Nigeria fell in the first quarter (Q1) of 2025 on the back of relative stability of the naira. A BusinessDay survey of 16 companies across six sectors—telecommunications, consumer goods, cement, breweries, oil and gas, and healthcare—revealed a dramatic drop in FX losses of the firms from N951.7 billion in Q1 2024 to N28.7 billion in the corresponding period of 2025.

3 days ago | businessday.ng | Chinwe Michael

...Losses drop to N28.7bn from N951.7bn in three months Foreign exchange (FX) losses of major companies in Nigeria fell in the first quarter (Q1) of 2025 on the back of relative stability of the naira. A BusinessDay survey of 16 companies across six sectors—telecommunications, consumer goods, cement, breweries, oil and gas, and healthcare—revealed a dramatic drop in FX losses of the firms from N951.7 billion in Q1 2024 to N28.7 billion in the corresponding period of 2025.

4 days ago | businessday.ng | Chinwe Michael

Huawei, a global leader in ICT solutions, reaffirmed its commitment to Nigeria’s financial digital transformation at the Huawei Day Nigeria 2025 Finance Forum held in Lagos. With the theme “Rooted in Nigeria, Co-Building a Smarter Financial Future,” the three-day event held in Lagos spotlighted cloud transformation, AI-powered finance, and resilient digital infrastructure. Premier Oiwoh, managing director and CEO of the Nigeria Inter-Bank Settlement System Plc.

5 days ago | businessday.ng | Chinwe Michael

Godwin Chuka, a 55-year-old civil servant, said savings remain his top financial priority in 2025. “Savings come first because you’re sure your money is safe,” he told BusinessDay. “Investing isn’t a bad idea, but with how volatile the economy is, nothing is guaranteed.” If he were to invest, Chuka said he would opt for low-risk federal government securities.