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Business
At the opening of the maiden West Africa Economic Summit held at the International Conference Centre in Abuja, Nigerian President and ECOWAS Chairperson, H.E. Bola Ahmed Tinubu, delivered a compelling appeal to regional leaders to reject disunity and usher in a new era of economic integration and collective advancement. Addressing a distinguished gathering of Heads ...
News
The Minister of Solid Minerals Development, Dr Dele Alake, has announced the Federal Government’s support for the construction of a plant in Nasarawa state. Alake said this in statement by his Special Assistant on Media, Segun Tomori, on Sunday in Abuja, He said the plant was projected to generate more than 10, 000 jobs nationwide, ...
News
The Managing Director of the Nigerian Railway Corporation (NRC), Dr Kayode Opeifa, has called for the formulation of a comprehensive national transport policy as a strategic step towards achieving sustainable transportation across Nigeria. Speaking at the 11th Transport Day Lecture held on Friday in Lagos, Opeifa also advocated the development of a fresh strategic national ...
Money market
Fidelity Bank Plc has reiterated its commitment to regulatory compliance and financial resilience in response to the recent circular issued by the Central Bank of Nigeria (CBN) regarding forbearance on the Single Obligor Limit (SOL) and other credit facilities. In an official statement released to shareholders, NGX Regulation Limited (NGX RegCo), and other stakeholders, the ...
Business
The Nigerian power sector is facing renewed pressure following a dramatic increase in the vandalism of transmission infrastructure, raising fresh concerns about the country’s electricity supply and the sustainability of ongoing reforms. The Transmission Company of Nigeria (TCN) disclosed that 42 incidents of vandalism were recorded between January and June 2025 alone, resulting in damage ...
Energy
...Applauds surpassing of vessel target President of Dangote Group, Aliko Dangote, has praised the Nigerian Ports Authority (NPA) for the successful implementation of its One-Stop-Shop (OSS) initiative, describing it as a transformative step forward for the country's energy and logistics sectors. During a courtesy visit to the NPA Managing Director and Chief Executive Officer, Dr ...
Politics
Nigeria has officially launched its campaign for election to the International Maritime Organization (IMO) Council under Category C for the 2026–2027 biennium, in a strategic diplomatic move during the 110th Session of the Maritime Safety Committee (MSC 110) held at the IMO Headquarters in London. The high-level campaign was led by Nigeria’s Minister of Marine ...
Energy
The Major Energy Marketers Association of Nigeria (MEMAN) has pointed out the urgent need for a more robust competition framework in the country’s energy and broader economic sectors, during its Q2 2025 quarterly press engagement themed “Fair and Healthy Competition.” The event, which drew stakeholders from across regulatory, corporate, and civil society circles, emphasized the ...
Business
Fidelity Bank Plc has reiterated its commitment to regulatory compliance and financial resilience in response to the recent circular issued by the Central Bank of Nigeria (CBN) regarding forbearance on the Single Obligor Limit (SOL) and other credit facilities. In an official statement released to shareholders, NGX Regulation Limited (NGX RegCo), and other stakeholders, the ...
Health
Turnaround expert and accomplished technocrat, Dr. Dakuku Peterside, has emphasized the critical role of consistent innovation and capacity building in improving healthcare systems across Africa. Speaking as Chairman of the 2025 Afrihealth Conferences and Exhibitions, one of Sub-Saharan Africa’s largest private sector-led healthcare gathering, Dr. Peterside stressed that these elements are key to achieving quality, ...
Energy
Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMΑΝ) has suspended their one-day-old strike. The marketers embarked on strike on Monday over the implementation of the e-call up for the Lekki-Epe corridor. In a statement issued on Tuesday by National Secretary of IPMAN, Hon. James Terlumun Tor to Zonal Chairmen, all ...
Business
Petroleum tanker drivers have taken to the streets to protest the N12,500 parking fee imposed on them by the Lagos state government through the Electronic Call-up Systems Company. The drivers on Monday were joined by other truckers to include lifters of petroleum products from the Dangote refinery, as well as transporters of cargoes from the ...
Business
The National Bureau of Statistics (NBS) on Monday said inflation declined to 22.97 per cent in May 2025 from the 23.71 per cent recorded in April 2025. Statistician General of the Federation, Prince Adeyemi Adeniran, made this known in a press statement issued at Abuja. He said, “The headline inflation rate for May 2025 decreased ...
Business
The Consul General of the Embassy of the Republic of Korea in Nigeria, Mr. Lee Sang-ho, paid a courtesy visit to the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, at the Agency’s headquarters in Lagos. The high-level engagement served as a strategic platform to reinforce mutual interests in ...
Capital Market
SunTrust Bank Nigeria Limited has dismissed online reports alleging that its Managing Director and Executive Director have been remanded in custody, calling the claims false and misleading. The clarification comes following the arraignment of Halima Buba, the bank’s Managing Director and Chief Executive Officer, and Innocent Mbagwu, the Executive Director and Chief Compliance Officer, by ...
Capital Market
The Central Bank of Nigeria (CBN) has instructed all banks to temporarily halt the payment of dividends to shareholders, postpone the disbursement of bonuses to directors and senior management, and suspend investments in foreign subsidiaries or the launch of new offshore ventures. This directive was issued through a circular dated 13 June 2025, referenced BSD/DIR/CON/LAB/018/008, ...
World News
The eruption of armed conflict between Israel and Iran has intensified global economic uncertainty, adding to the ongoing pressures of the Russia-Ukraine war and the prolonged hostilities between Israel and Hamas. Dr Muda Yusuf, Director of the Centre for the Promotion of Private Enterprise (CPPE), described the development as a complex mix of threats and ...
News
The Lagos State Government will, from Monday, June 16, begin full enforcement of a technology-driven electronic call-up (e-call-up) system to manage the growing influx of articulated trucks along the Lekki-Epe corridor. This was announced on Sunday by the Commissioner for Transportation, Oluwaseun Osiyemi, in a statement released by the ministry’s Deputy Director of Public Affairs, ...
News
……approves seven dedicated truck parks for Lekk-Epe axis The Lagos State Government on Friday said that Lagosians lose an average of four hours daily due to traffic congestion, resulting in an estimated N4trillion in annual economic losses. Speaking during a recent appearance on TVC News, the Special Adviser to the Governor on Transportation, Mr. Sola ...
Business
The Federal Government has urged Chinese and other international investors to explore opportunities in Nigeria’s expanding railway infrastructure, with calls for collaboration in key areas such as power supply systems, advanced security solutions, and real-time monitoring technologies. Speaking at the 16th International Infrastructure Investment and Construction Forum (IIICF) in Macao, China, the Minister of Transportation, ...
