business
FORMER CBN GOVERNOR SANUSI II DEMANDS MANDATORY 50% GENDER QUOTA FOR NEW BANK RECRUITS The former Governor of the Central Bank of Nigeria (CBN) and respected traditional leader, Muhammadu Sanusi II, has issued a powerful challenge to the nation’s financial institutions, demanding the immediate adoption of mandatory gender quotas to end the systemic exclusion of […]
Domestic Investors’ Activity on NGX Crashes by N932 Billion in August Trading activities at the Nigerian Exchange Limited (NGX) experienced a dramatic slump in August, primarily driven by a sharp contraction in transactions executed by domestic investors. Data released by the NGX revealed that domestic investors significantly scaled back their participation by a staggering N932.48 […]
FG Pledges Tough Measures to Eliminate Fake Seeds, Targets High-Quality Produce to Meet Global Export Standards The Federal Government has announced a decisive plan to overhaul the seed value chain, vowing to implement tougher regulatory measures to eradicate the circulation of fake seeds and ensure Nigeria’s agricultural produce is competitive on the global stage. This […]
Tinubu Vows Nigeria is Ready to Partner with Credible Global Investors, Targets Large-Scale Investments in Oil, Gas, and Critical Infrastructure President Bola Tinubu has intensified his administration’s push for foreign and diaspora investment, announcing that Nigeria is fully prepared to partner with credible global investors to unlock major economic opportunities, particularly in the oil, gas, […]
Fuel Costs and Poor Regulatory Enforcement Undermine Construction Sector’s Growth, Driving Up Project Expenses and Causing Market Uncertainty The sustainability and growth of Nigeria’s vital construction industry are being severely stifled by the dual pressures of escalating fuel costs and a weak regulatory environment, according to industry experts. The combination is driving up the cost […]
PENGASSAN Assures Nigerians of Steady Petrol Supply Despite Nationwide Strike Declaration, Directs Total Shutdown of Dangote Refinery Operations The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has moved to allay public fears of a looming fuel scarcity, assuring Nigerians that its scheduled nationwide strike will not disrupt the supply of Premium Motor […]
Abuja-Kaduna Train Resumes October 1 After Derailment, Corporation Releases New Timetable The Nigerian Railway Corporation (NRC) has officially announced the resumption of passenger services on the busy Abuja-Kaduna rail corridor, with operations scheduled to recommence on Wednesday, October 1. The train service had been temporarily suspended since the derailment incident that occurred on August 26 […]
Kaduna Launches Vocational Institute to Train 32,000 Graduates Annually, Prioritising 80% Practical Exposure In a robust effort to combat unemployment and cultivate a highly skilled workforce, the Kaduna State Government has announced ambitious plans to train and graduate about 32,000 learners yearly through its newly launched Institute of Vocational Training and Skills Development. The Institute, […]
AMCON 34% Unity Bank Stake Sold to Existing Investor, Not ProvidusBank The Chairman of Unity Bank Plc, Hafiz Bashir, has moved to clarify the sale of the Asset Management Corporation of Nigeria’s (AMCON) 34 per cent stake in the bank, stating that the substantial block of shares was acquired by an existing Unity Bank shareholder […]
PENGASSAN Threatens Dangote Refinery Picket, Demands Reinstatement of 800 Sacked Workers The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has escalated its dispute with the Dangote Petroleum Refinery, threatening to picket the facility over the alleged mass termination of Nigerian workers shortly after they joined the union. The union’s General Secretary, Lumumba […]
Major Relief: Customs Exempts Manufacturers’ Raw Materials, Spare Parts from 4% Import Levy In a landmark move designed to significantly reduce the cost of doing business and boost domestic production, the Nigeria Customs Service (NCS) has granted wide-ranging exemptions to manufacturers, the aviation sector, and the healthcare industry from the controversial four per cent Free-on-Board […]
Looming Fuel Price Hike: Dangote Refinery Suspends Naira Sales Due to Exhausted Crude Allocation The Dangote Petroleum Refinery has sent shockwaves through the downstream oil sector with the announcement of a suspension of Premium Motor Spirit (PMS) sales in the local currency, the Naira, effective from Sunday, September 28, 2025. The refinery, a cornerstone of […]
Lokpobiri Claims Oil Sector Suffered 10-Year Investment Drought Before Tinubu’s Reforms The Minister of Petroleum Resources (Oil), Senator Heineken Lokpobiri, has made a striking claim regarding the state of Nigeria’s oil industry, asserting that the sector had gone for over a decade without attracting any substantial new investments prior to the current administration. Lokpobiri disclosed […]
Nationwide Blackout Threat Averted as Electricity Workers Suspend Strike After Federal Government Intervention The threat of a crippling nationwide blackout was narrowly averted on Thursday after the National Union of Electricity Employees (NUEE) suspended its indefinite strike, following an emergency intervention by the Federal Government. The strike, which began on Wednesday, September 24, had already […]
Cross River State Government Empowers 400 with ₦800m Grants for Farming and Reintegration In a significant move to foster peace and economic development, the Cross River State Government has disbursed ₦800 million in grants to 400 citizens, including farmers and ex-militants from the Bakassi Defence Force. The initiative, announced by Governor Bassey Otu on Tuesday, […]
Global Markets React to Wall Street’s Drop, as Alibaba’s AI Investment Fuels Stock Surge A ripple of uncertainty spread through global markets today as investors reacted to a drop on Wall Street, which saw major US indexes fall from their recent record highs. The decline on Tuesday, September 23, was prompted by cautious comments from […]
Cardoso cautions against Naira spray, hawking, mutilation The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has issued a strong caution to Nigerians, urging them to cease the practices of spraying, hawking, and mutilating the Naira. Speaking at the CBN Fair in Kaduna on Thursday, Cardoso, who was represented by the Acting […]
FIRS Appeals to Nigerians to Use Single TIN for Bank Accounts The Federal Inland Revenue Service (FIRS) has moved to dispel widespread public anxiety by clarifying that Nigerians will not need to acquire a separate Tax Identification Number (TIN) to operate a bank account. This comes amid a recent wave of misinformation suggesting a fresh […]
APM Terminals Appeals to Women to Bridge Gender Gap in Mechanical Skills In a landmark move to promote diversity and inclusion, APM Terminals Apapa has launched a Female Mechanic Technical Skills Programme aimed at empowering young women in its host communities. The initiative, a key part of the company’s Corporate Social Responsibility (CSR), will provide […]
NNPCL CEO Announces Bold $60 Billion Plan to Make Nigeria a Global Gas Giant In a move poised to reshape Nigeria’s energy future, the Nigerian National Petroleum Company Limited (NNPCL) has announced an ambitious plan to attract $60 billion in new investments for gas infrastructure over the next five to seven years. The announcement was […]