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Business
The Nigerian Content Development and Monitoring Board (NCDMB) and Nigeria Liquefied Natural Gas (NLNG) Limited have officially inaugurated 140 graduates into an intensive three-month Advanced Nigerian Content Human Capital Development (NC-HCD) Programme, aimed at strengthening local technical capacity for the $5 billion NLNG Train 7 Project on Bonny Island, Rivers State. The inauguration ceremony, held ...
Breaking News
President Bola Ahmed Tinubu on Thursday commissioned the Lekki Deep Sea Port Access Road at the Dangote Refinery and Petrochemical Plant in Lagos, reaffirming his administration’s commitment to delivering lasting infrastructure across Nigeria. This was stated in statement made available by the Special Adviser to the President on Information & Strategy, Bayo Onanuga. During the ...
News
As part of activities marking the 2025 World Oceans Day Celebration, the Lagos State Waterways Authority (LASWA) today, June 4th, 2025, joined forces with the Lekan Bakare Foundation in a community-focused engagement at Ago Egun, Makoko. Themed "Strengthening Community Compliance for Safer Waterways and Sustainable Fishing," the event featured enlightening lectures aimed at raising awareness ...
Aviation
The Federal Airports Authority of Nigeria (FAAN) and the Plateau State Government have entered into a strategic partnership to establish a dedicated food cargo hub at Yakubu Gowon Airport, Jos, aimed at tackling Nigeria’s staggering N3.5 trillion annual food wastage and positioning the state as a major player in international agricultural exports. Under the agreement, ...
Money market
Credit to Nigeria’s private sector continued its steady ascent in April 2025, reaching N77.90 trillion, according to fresh data released by the Central Bank of Nigeria (CBN). This marks a 6.8 per cent year-on-year increase from N72.91 trillion in April 2024 and a 2.15 per cent rise from N76.26 trillion in March 2025. The continued ...
Breaking News
A commercial cargo vessel, MV ORAGE FROST, came under a suspected pirate attack on Friday, May 30, 2025, in the volatile waters of the Gulf of Guinea, maritime authorities have confirmed. According to statement made available by Head, Public Relations, NIMASA, Osagie Edward, FNIPR read that the Nigerian Maritime Administration and Safety Agency (NIMASA) received ...
Breaking News
The Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone ‘A’ Ikeja, has ramped up its anti-smuggling campaign, recording 46 seizures and arresting seven suspects within two weeks, with the total value of intercepted goods exceeding ₦1.28 billion. Controller of the Unit, Mohammed Shuaibu, disclosed the development on Tuesday while addressing journalists in Lagos. He ...
Oil & Gas
The Presidential Compressed Natural Gas Initiative (P-CNGI) says the CNG sector has attracted over 500 million dollars investments and created over 10,000 direct jobs. The P-CNGI said that 255 new conversion centers that did not exist in 2024 and 53 daughter stations existed currently. The Programme Director/Chief Executive Officer, P-CNGI, Mr Michael Oluwagbemi on Monday ...
Digital Economy
IHS Nigeria, a subsidiary of IHS Holding Limited (NYSE: IHS), has officially commissioned 65 customised Response, Patrol, and Escort (RPE) vehicles to G4S Secure Solutions Nigeria Limited, its long-standing security partner. The commissioning ceremony, held at Ikeja GRA in Lagos, marks a significant milestone in IHS Nigeria’s ongoing commitment to operational excellence, safety, and strategic ...
Business
The Presidential Compressed Natural Gas Initiative (P-CNGI) has announced that the compressed natural gas (CNG) sector in Nigeria has attracted more than $500 million in investments and generated over 10,000 direct jobs, less than a year after the initiative began full-scale operations. Programme Director and Chief Executive Officer of P-CNGI, Mr Michael Oluwagbemi, shared the ...
Energy
Nigeria will host the fourth edition of the African Natural Resources and Energy Investment Summit (AFNIS) from 14 to 17 July in Abuja, bringing together stakeholders from across the continent to accelerate the sustainable development of Africa’s vast natural and energy resources. This was announced in a statement issued on Monday by Mr Segun Tomori, ...
Capital Market
The Debt Management Office (DMO), acting on behalf of the Federal Government, has opened a new offer for subscription to two Federal Government of Nigeria (FGN) Savings Bonds, available at N1,000 per unit. In a statement released on Monday in Abuja, the DMO announced that the first is a two-year FGN Savings Bond, due on ...
Capital Market
Despite forecasts pointing to a mixed week for equities, Nigeria’s stock market began June on a strong footing, posting a 0.26 per cent gain on Monday, equivalent to N179 billion in market capitalisation. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) rose from 111,742.01 points to 112,026.24 points. Market Capitalisation followed suit, climbing from N70.462 ...
Energy
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL), accusing it of failing to remit ₦500 billion in oil revenue to the Federation Account between October and December 2024. The organisation disclosed the legal action on Sunday through a post on X (formerly Twitter), stating: ...
Aviation
…Reports 13.6% rise in African airlines’ international passenger demand in April 2025 The International Air Transport Association (IATA) has appealed to governments worldwide to release $1.3 billion (₦1.95 trillion) in airline revenues that remain blocked from repatriation as of the end of April 2025. In a statement issued on Sunday, IATA’s Director-General, Mr Willie Walsh, ...
Capital Market
Investors on the Nigerian Exchange traded a total of 3.794 billion shares worth ₦119.394 billion in 89,636 transactions this week, marking a significant uptick in market activity compared to the previous week. This comes as the Nigerian equities market rebounded strongly from last week’s downturn, racking up a remarkable ₦1.711 trillion in gains over five ...
News
The Federal Government is set to finalise a landmark N1.5 trillion road concession project aimed at reconstructing and managing nine major highways across Nigeria, according to the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. Speaking during a meeting with private sector investors in Abuja on Wednesday, Edun said the project ...
Energy
The Managing Director, Rural Electrification Agency (REA), Mr Abba Aliyu has said that the agency has mobilised contractors back to sites across the country to complete previously abandoned electricity projects. Aliyu made the disclosure on Wednesday in Lagos during a media chat on the sidelines of the launch of Bellazir Energy Ltd. He revealed that ...
Money market
Shareholders of Fidelity Bank, a leading tier-one lender, have commended the institution’s board and executive leadership for delivering a standout performance in the 2024 financial year. During the bank’s 37th Annual General Meeting (AGM), held virtually on Tuesday, 29 April 2025, Chief Boniface Okezie, National Chairman of the Progressive Shareholders Association, lauded the results. “This ...
Business
The Nigeria Deposit Insurance Corporation (NDIC) has emerged as a standout performer at the 2024 Federal Public Service Innovation Competition, securing both 1st and 3rd place among 155 entries from Ministries, Departments, and Agencies (MDAs) across the country. The Head of the Civil Service of the Federation (HOSF), Mrs. Didi Walson-Jack, announced the winners during ...
