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Business
The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has said that bridging the gender gap in financial inclusion could lift up to 700,000 Nigerians out of poverty by the end of the decade. Speaking in Lagos on Wednesday at the United Capital Asset Management Investment Forum, Dr Agama said Nigeria must ...
Business
...Launches investment-backed strategy to power Africa’s economic integration Africa is making a strategic push to tap into a projected $712 billion digital trade market by 2035 through the African Continental Free Trade Area (AfCFTA), marking a significant shift toward tech-enabled growth, economic integration, and financial independence. Speaking at the 2025 Afreximbank Annual Meetings in Abuja, ...
News
…To simplify levies, strengthen revenue system President Bola Ahmed Tinubu is set to sign into law four landmark tax reform bills on Thursday, in what officials describe as a pivotal moment for Nigeria’s economic transformation agenda. The bills, the Nigeria Tax Bill (Ease of Doing Business), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, ...
News
….Calls for unified maritime standards …MOWCA calls for regional collaboration, innovation In a bold call for regional cooperation and innovation in water transportation, the Deputy Governor of Lagos State, Mr. Obafemi Hamzat, addressed stakeholders from across West and Central Africa at the Regional Ferry Safety Conference, hosted by the Lagos State Waterways Authority (LASWA). Describing ...
News
The National Inland Waterways Authority (NIWA) has reiterated its commitment to ensuring safer, more efficient, and sustainable transportation across Nigeria’s inland waterways. This pledge was made during a high-level conference themed "Charting Safer Waters – Advancing Ferry Safety through Innovation, Collaboration and Integrated Transport Solutions", held in Lagos today. Delivering his keynote address, the Managing ...
News
In a bid to expand the reach of the National Identification Number (NIN) registration across Nigeria, the National Identity Management Commission (NIMC), in collaboration with the Ministry of Youth Development and the National Youth Service Corps (NYSC), has launched an intensive training program for selected corps members to lead the NIN Ward Enrolment Initiative. The ...
Business
Ecobank Nigeria, a subsidiary of Ecobank Group, has been selected as one of five Nigerian banks to participate in the GET.Invest Enabling Domestic Green Energy (EDGE) Finance Programme. The initiative, funded by European donors, aims to scale up green energy financing and investment across developing nations. A statement by the bank on Tuesday, said the ...
News
The Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) is set to return for its landmark 10th edition from February 10–12, 2026, at the Eko Convention Centre in Lagos, Nigeria. Over the past decade, SAIPEC has evolved into the leading platform for Africa’s energy dialogue—uniting national and international oil companies, policymakers, innovators, and investors ...
News
A coalition of civil society groups under the banner of the Situation Room for Oil Sector Reforms on Monday staged coordinated protests at the offices of the Attorney-General of the Federation (AGF), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Code of Conduct Bureau (CCB) in Abuja, calling for the immediate ...
News
In a strategic move to bolster agricultural development and economic collaboration, the Board of Directors of Okitipupa Oil Palm PLC, led by Chairman Mr. Bankole Oluwajana, paid a courtesy visit to the Executive Governor of Ondo State, Dr. Lucky Orimisan Aiyedatiwa. Accompanying him were Director Mr. Siyanbola Oladapo and Managing Director/CEO Mr. Taiwo Adewole. The ...
Business
The Nigeria Deposit Insurance Corporation (NDIC) has called for the continued support of the judiciary in overcoming legal hurdles that delay the fulfillment of its mandate to maintain public confidence in the banking sector. Acting Managing Director, NDIC, Mrs Emily Osuji made call on Monday at the opening ceremony of a sensitisation seminar for Judges of ...
Maritime
As the Nigerian Maritime Administration and Safety Agency (NIMASA) finalises plans to disburse the long-anticipated $700 million Cabotage Vessel Financing Fund (CVFF), maritime professionals and industry stakeholders are urging the federal government to reassess the fund’s allocation model to better support Nigeria’s economic development. The Minister of Marine and Blue Economy, Adegboyega Oyetola, recently approved ...
Maritime
The Lagos State Government has joined forces with the Maritime Organization of West and Central Africa (MOWCA) and Interferry, a global authority on ferry safety, to host a major regional ferry safety conference in Lagos. Oluwadamilola Emmanuel, Managing Director of the Lagos State Waterways Authority (LASWA), disclosed the development in an interview with journalists, noting ...
Maritime
The Sea Empowerment and Research Centre (SEREC) has called on the Federal Government to introduce a demurrage tax on empty and unreturned containers, particularly dilapidated ones, as part of efforts to decongest Nigerian ports and improve environmental safety. Addressing a press conference in Abuja on Monday, Mr Eugene Nweke, Head Researcher at SEREC, said such ...
Business
The Nigeria Deposit Insurance Corporation (NDIC) has appealed for greater judicial collaboration to address legal bottlenecks that hinder its mandate of safeguarding public confidence in the banking sector. Acting Managing Director of the NDIC, Mrs Emily Osuji, made the appeal on Monday at the opening of a sensitisation seminar for judges of the Federal High ...
Business
The Nigerian Ports Authority (NPA) has projected a revenue target of ₦1.28 trillion for 2025, signalling a 40 per cent increase over the ₦894.86 billion recorded in 2024. Managing Director of the NPA, Mr Abubakar Dantsoho, disclosed this on Monday during the 2025 budget defence session held before the House of Representatives Committee on Ports ...
Business
The House of Representatives Committee on Customs and Excise has directed the Nigeria Customs Service (NCS) to immediately cease the collection of the 1 per cent Comprehensive Import Supervision Scheme (CISS) levy and the 7 per cent cost of collection charge, declaring both as unlawful and unsupported by existing legislation. Chairman of the Committee, Hon. ...
Business
In a landmark effort to enhance maritime safety and expand water transportation, the Lagos State Government has partnered with the Maritime Organization of West and Central Africa (MoCA) and Interferry, a global ferry safety body, to host a regional ferry safety conference in Lagos. The Managing Director of the Lagos State Waterways Authority (LASWA), Oluwadamilola ...
Energy
Mr Olufemi Soneye, the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has announced his resignation from the role. In a message posted on his Facebook page over the weekend, Soneye explained that his decision was driven by a need to devote more time to his family and to attend ...
South-West
The Chairman of Nigerian Exchange Group (NGX), Dr Umaru Kwairanga, has called for deeper economic and commercial collaboration among West African nations to fully harness the region’s growth potential. Speaking at the inaugural West Africa Economic Summit (WAES), Kwairanga underscored the need for unity and cooperation as essential tools for economic transformation. His remarks were ...
