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Transport
The Transportation Correspondents Association of Nigeria (TCAN) has called on all security agencies to properly secure railway assets scattered across the country from incessant vandalisation. In a statement released at the weekend by the Chairman of TCAN, Mr. Tola Adenubi, the group stated that unchecked vandalisation of railway assets is eroding the gains made in ...
Transport
…Arrest two suspect in Kaduna The Nigerian Railway Corporation (NRC) has expressed deep concern over the increasing cases of vandalisation of its electrical and signalling installations across the country, warning that the trend poses a major threat to safe and efficient train operations. In a statement signed by its Chief Public Relations Officer, Callistus Unyimadu, ...
security
The Nigeria Customs Service (NCS) has urged all stakeholders in the nation’s trade and logistics ecosystem to demonstrate collective commitment toward the successful rollout of the National Single Window (NSW) initiative, a unified digital platform designed to simplify Nigeria’s import and export processes. The call was made by the Zonal Coordinator for Zone ‘A’, Assistant ...
Capital Market
The Nigerian equities market sustained its bullish momentum on Thursday, as investors recorded a gain of N308 billion, driven by strong performances in Caverton Offshore Support Group, Eunisell Interlinked Plc, and Sunu Assurance Plc. At the close of trading, the All-Share Index (ASI) climbed to 146,204.33 points, up from 145,719.09 points posted on Wednesday, while ...
South-West
The Lagos State Government, through the Lagos State Waterways Authority (LASWA), is scheduled to officially launch the transformative Omi Eko Project today at the Five Cowries Terminal in Falomo. This launch marks a significant milestone in the state’s commitment to sustainable development, modern water transportation, and smart city innovation under the administration of Governor Babajide ...
News
The First Lady of Nigeria, Senator Oluremi Tinubu alongside 3 State Governors are set to grace the 25th National Women’s Conference (NWC). The Committee of Wives of Lagos State Officials (COWLSO), led by its Chairman and First Lady of Lagos State, Dr. (Mrs.) Claudiana Ibijoke Sanwo-Olu, made this known during a press briefing in Lagoos yesterday. ...
News
The Nigeria Export Processing Zones Authority (NEPZA) has reaffirmed the 10-year prohibition on industrial strikes and lockouts within all Free Trade Zones (FTZs), including the strategic Dangote Refinery, to safeguard investment stability and industrial harmony. NEPZA's Managing Director, Dr. Olufemi Ogunyemi, made this announcement in Abuja following recent operational disruptions at the Dangote Refinery caused ...
Money market
The Nigeria Deposit Insurance Corporation (NDIC) and the Chartered Institute of Bankers of Nigeria (CIBN) have pledged to strengthen collaboration in addressing emerging issues in the country’s financial system, particularly in areas of digital banking, cybersecurity, and risk management. The Managing Director and Chief Executive Officer of NDIC, Mr. Thompson Oludare Sunday, made this known ...
Aviation
The Nigerian Railway Corporation (NRC) recorded a significant boost in earnings during the first quarter of 2025, generating ₦1.95 billion in passenger revenue. This represents a substantial 37.36 percent increase compared to the ₦1.42 billion earned in the corresponding period of 2024, according to the latest Rail Transportation Report released by the National Bureau of ...
Money market
The World Bank has projected that Nigeria’s debt as a share of its Gross Domestic Product (GDP) will decline in 2025, marking the first such reduction in over a decade. The Washington-based institution attributes this optimistic outlook to stronger economic growth and a more stable exchange rate. According to its latest Nigeria Development Update report, ...
Capital Market
Interbank rates experienced mixed movement last week despite a continued surplus of liquidity in Nigeria's money market, which remained robust at ₦6.12 trillion. This stability was maintained following significant Open Market Operations (OMO) activity by the Central Bank of Nigeria (CBN). The banking system's liquidity actually strengthened, rising by ₦204.69 billion to ₦5.53 trillion, largely ...
News
The Lagos State Government, through the Lagos State Waterways Authority (LASWA), is set to officially launch the groundbreaking Omi Eko Project on Friday, at the Five Cowries Terminal, Falomo. The launch represents a significant milestone in the state’s commitment to sustainable development, modern water transportation, and smart city innovation under the leadership of Governor Babajide ...
Maritime and Blue Economy
SIFAX Group and its leadership team recorded a remarkable feat at the 2025 Marketing Edge Awards, clinching three major awards that underscored their excellence in corporate leadership, innovation, and communication. At the high-profile event held at the Lagos Sheraton Hotel, Ikeja, SIFAX Group was named Outstanding Indigenous Conglomerate of the Decade, while its Chairman, Dr. ...
Maritime and Blue Economy
The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Dr. Pius Akutah, has disclosed that President Bola Ahmed Tinubu returned the Nigerian Port Economic Regulatory Agency (NPERA) Bill to the Ministry of Justice for review due to concerns over the mandate section and the proposed one per cent Freight Stabilisation Fee. ...
News
The Federal Operations Unit (FOU) Zone A of the Nigeria Customs Service (NCS) has intensified its war against smuggling, recording major interceptions that include 5,015 bags of 50kg foreign parboiled rice, equivalent to eight trailer loads, along with other contraband items valued at over N1.18 billion within six weeks. Comptroller Mohammed Shuaibu, who disclosed this ...
News
The Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Mr. Taiwo Oyedele has revealed that the new tax laws would significantly reduce the tax burden on low and middle-income earners while promoting economic growth and business formalisation. The four new tax laws, the Nigeria Tax Act (NTA), Nigeria Tax Administration Act (NTAA), Nigeria Revenue ...
CRIME
The Federal Operations Unit (FOU) Zone A of the Nigeria Customs Service (NCS) has intensified its war against smuggling, recording major interceptions that include 5,015 bags of 50kg foreign parboiled rice, equivalent to eight trailer loads, along with other contraband items valued at over N1.18 billion within six weeks. Comptroller Mohammed Shuaibu, who disclosed this ...
Capital Market
Investors in the Nigerian equities market gained N110 billion at the close of trading on Tuesday, buoyed by strong performances from Cornerstone Insurance, Consolidated Hallmark Plc, and Chams Plc, among others. The benchmark All-Share Index (ASI) appreciated to 144,995.26 points from 144,822.77 points recorded the previous day, while the market capitalisation rose to N92 trillion ...
Business
President Bola Tinubu has formally petitioned the House of Representatives for legislative approval to raise a total of $2.34 billion in external capital, a move critical to funding the 2025 budget deficit and executing key debt management strategies. Speaker of the House of Representatives, Hon. Abba Tajudeen, read the president’s request on the floor of ...
Money market
Operators of Point-of-Sale (PoS) machines risk getting a minimum fine of ₦20 million if they alter the ownership structure of their machines without securing prior approval from the apex bank. This was disclosed in the revised Guidelines for the Operations of Agent Banking in Nigeria, issued on October 6, 2025 by the Central Bank of Nigeria (CBN). According to ...
