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12/02/2026

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11/02/2026

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The Corporate Affairs Commission has announced free business name registration for 3,500 small businesses across Nigeria’s 36 states and the Federal Capital Territory.

According to a statement from the Commission, the Registrar General of the Commission, Hussaini Magaji, disclosed this on Monday in Abuja during events marking the CAC’s 35th anniversary.

Magaji said the move is aimed at easing the cost of formalisation for micro and small enterprises.

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04/02/2026

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04/02/2026

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04/02/2026

Nigeria has emerged as the African country with the strongest naval fleet in 2026, boasting 152 vessels and ranking 22nd globally.

This ranking comes from the Global Firepower (GF) report, which provides an analytical overview of the military capabilities of 145 modern armed forces worldwide.

The Nigerian naval fleet comprises frigates, patrol vessels, and mine warfare ships, forming a crucial component of the country’s defense infrastructure and maritime security strategy.

The fleet safeguards national defense and maritime security, leveraging Nigeria’s 853 km coastline and 8,600 km of waterways for strategic operations.

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03/02/2026

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The naira appreciated against the United States dollar on the first trading day of February 2026, closing at N1,384.5/$ at the official foreign exchange market.

This is according to data published on the Central Bank of Nigeria’s (CBN) website on Monday.

The improvement marks a modest but notable gain for the local currency as it begins a new month amid signs of improved market alignment and relatively stronger buffers compared with the same period last year.

The naira’s latest performance reflects a slight strengthening from its position at the end of January and highlights a narrowing gap between the official and parallel markets, a key indicator closely monitored by market participants and policymakers.

Visit www.nairametrics.com to read more.

03/02/2026

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