The Federal Government has reiterated its commitment to fostering an enabling environment for private sector-led investments to drive economic growth, particularly in the agricultural sector. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, gave this assurance during a meeting with the Managing Director of Olam Agri, Mr. Anil Nair, in…
The Group Chief Executive Officer (GCEO), Nigerian National Petroleum Company Limited (NNPCL), Malam Mele Kyari has said the country has the potential to grow more than $1 trillion Gross Domestic Product (GDP) which is the target of President Bola Tinubu. Speaking at the ongoing 2025 Nigerian International Energy Summit (NIES) in Abuja, he said $1…
The Federal Government said the introduction of the sale of crude oil in Naira was a strategic move to enhance operational efficiency of local refineries by reducing foreign exchange risks and transaction costs. President Bola Tinubu disclosed this while officially declaring the eight edition of the Nigeria International Energy Summit (NIES 2025) open in Abuja…
Fresh crisis looms in the nation’s maritime sector as dock workers unions including truck drivers are threatening to shut down the Lagos ports over alleged extortion by the state’s enforcement agencies. But while the unions have issued the warning, another key industry body, Council of Maritime Transport Unions and Associations (COMTUA), has dissociated itself from…
The Federal Government said it plans to construct an 80-metre span bridge in front of the Dangote Refinery as part of Section 2 of the Lagos-Calabar Coastal Highway project. This development aims to ensure seamless movement of trucks accessing the refinery without obstruction. The Minister of Works, David Umahi, disclosed this during the Lagos-Calabar Coastal…
The Nigeria Customs Service (NCS) has canceled the declarations it made during implementation of the four per cent Free on Board (FoB) charges. NCS consequently urged stakeholders to recapture their entries. National Public Relations Officer, Assistant Comptroller -General of Customs, Abdullahi Maiwada disclosed this in a statement. He said: “Sequel to the earlier press release…
Accra, Ghana, witnessed a remarkable gathering of tech industry leaders, visionaries, and policy-makers as TD Africa hosted the Accra Synergy Summit on February 20th. The prestigious event, held at the Kempinski Hotel Accra, brought together some of the most influential minds in the technology ecosystem, further cementing TD Africa’s role as a transformative force in…
Nigeria’s Securities and Exchange Commission (SEC) has reduced the time required for companies to secure approval to raise capital in the Nigerian capital market, cutting the process from over a year to just 14 days. This development aims to make the capital market more efficient and better positioned to support the growth and development of…
Last year, Nigeria’s telecom sector suffered over 50,000 fiber cuts across the country with ripple effects on service quality and huge financial losses to the mobile network operators (MNOs) via remediation and restoration. Of these cuts, 30,000 were blamed on federal and state road construction activities, telecom sector regulator, the Nigerian Communications Commission (NCC), has…
