The Manufacturers Association of Nigeria (MAN) yesterday said the manufacturing sector is positively responding to the economic therapy of President Bola Tinubu. Its Chairman, for Oyo, Osun, Ondo, and Ekiti, Dr Sam Olawoye, said the sector is gradually recovering from recent economic shocks. He spoke during an interview in Ibadan while assessing the impacts of…
In the first quarter (Q1) 2025, Nigeria recorded N5.172 trillion trade surplus, according to the National Bureau of Statistics (NBS). NBS in its “Foreign Trade in Goods Statistics Q12025,” revealed that the country’s import dipped to N15.426 trillion as export rose to N20.59trillion, totally N36.02trillion trade in the period under review. The report said total…
Nigeria’s carrier, Air Peace yesterday accused a prominent senator of assaulting staff and disrupting flight operations at the Murtala Muhammed Airport Terminal 1, Ikeja, Lagos. The was later confirmed to be former Edo State Governor and current senator, Adams Oshiomhole. A viral video circulating on social media showed Oshiomhole in a heated argument with an…
The Central Bank of Nigeria (CBN) has debunked claims suggesting it has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The apex bank said the official deadline remains June 3, 2025, as previously announced. A statement issued yesterday by the Acting Director of the Corporate Communications Department,…
The Federal Government has said it remained committed to deploying innovative and fiscally responsible financing strategies to optimise Nigeria’s oil assets, enhance external liquidity, and strengthen macroeconomic stability. The government made the clarification as conversations continue around a proposed crude-for-loan arrangement with Saudi oil giant, Aramco. In a statement, the Federal Ministry of Finance addressed…
Nigeria’s Minister of Foreign Affairs, Mr Yusuf Tuggar, has reaffirmed Nigeria’s commitment to having closer economic and diplomatic cooperation with China. Tugger told the News Agency of Nigeria (NAN) yesterday in China that tangible progress had been made under the Forum on China-Africa Cooperation (FOCAC) framework. Tuggar described FOCAC as not just a forum for…
The Securities and Exchange Commission (SEC) has reiterated its ban on the Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Ltd., in Nigeria. This is as the promoters of the platform are seeking for court bail from the custody of Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC)….
By Chimezie Orisakwe The path of entrepreneurship, particularly within the dynamic and often unpredictable terrain of Nigeria, is not for the faint-hearted. It is a unique blend of attributes to navigate the complexities and seize the latent opportunities. During a recent mentoring session in Ikoyi, Lagos, organised by some young business leaders, Leo Stan Ekeh,…
The Nigeria Customs Service (NSC), Federal Operation Unit (FOU), Zone ‘A’, Ikeja has swooped down on smugglers, seized bullet proof vests, goods worth over N1.2 billion and arrested seven suspects in connection with the 46 seizures that were made by the officers of the unit in the last two weeks. Addressing reporters in Lagos yesterday,…
