business
Nigeria Customs Rakes in N25.7 Billion Revenue from Seized Goods in Oyo/Osun Command The Nigeria Customs Service (NCS) Oyo/Osun Area Command has announced a significant recovery of N25,777,379,328.17 in revenue between March and May 2025. This impressive figure, derived primarily from seized goods and enhanced trade facilitation, represents a substantial 36.67% increase compared to the […]
Oyetola Joins Macron, Prince William, Other Global Leaders at Critical Blue Economy Forum in Monaco Nigeria’s Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola, recently participated in the high-profile Blue Economy and Finance Forum in Monaco, joining a distinguished assembly of world leaders, royalty, and environmentalists including French President Emmanuel Macron and Prince […]
Electronic Call-Up System Delivers Sanity to Ports, AMTO Declares Confidence in Gridlock Solution The Association of Maritime Truck Owners (AMATO) has strongly endorsed the electronic call-up system, known as “Eto,” introduced by the Nigerian Ports Authority (NPA), asserting its effectiveness in significantly tackling the perennial gridlock that plagued the Apapa and Tin-Can port access roads. […]
Unity Bank and AfriGo Forge Partnership to Deepen Electronic Payments and Financial Inclusion Unity Bank Plc has officially announced a strategic collaboration with AfriGo, Nigeria’s domestic card scheme provider, aimed at significantly boosting card usage across its retail customer segments and accelerating the adoption of electronic payments, thereby enhancing financial inclusion across the nation. This […]
Sterling One Foundation Champions Circular Economy for Plastic Waste on Environment Day In commemoration of World Environment Day, Sterling One Foundation, a leading Nigerian non-profit organization focused on sustainable development, has announced a comprehensive agenda aimed at tackling the growing challenge of plastic waste in Nigeria. The foundation’s initiatives emphasize the promotion of a circular […]
Dangote Lightheartedly Corrects MC Over Title in President Tinubu’s Presence During the inauguration of the Lekki Seaport Access Road on Thursday, June 5, billionaire businessman Aliko Dangote humorously corrected a Master of Ceremonies (MC) who introduced him as the “President of Dangote Group” in the presence of Nigeria’s President, Bola Ahmed Taking the microphone after […]
FAO and EU Launch ₦200 Million Aquaculture Support for 40 Ogun Fish Farmers In a significant move to bolster Nigeria’s aquaculture sector, the Food and Agriculture Organization (FAO) of the United Nations, in collaboration with the European Union (EU) and the Federal Government, has initiated a ₦200 million support program targeting 40 fish farmers in […]
Nigeria Customs Seizes Contraband Worth Over ₦1.28 Billion in South-West Operations The Nigeria Customs Service (NCS), Federal Operations Unit Zone A, has announced the interception of contraband goods valued at over ₦1.28 billion during intensified anti-smuggling operations across the South-West region. Comptroller Mohammed Shuaibu, the Unit’s Controller, disclosed that the seizures were made between May […]
Obasanjo Launches Leadership Institute to Tackle Africa’s Governance Challenges Former Nigerian President Olusegun Obasanjo has inaugurated the Olusegun Obasanjo Leadership Institute (OOLI), a new initiative aimed at addressing the persistent leadership deficits across Africa. The launch took place at the Olusegun Obasanjo Presidential Library in Abeokuta, Ogun State, marking the commencement of the Institute’s operations. […]
Edo State to Train 65 NGOs in Capacity-Building Programme In a move to strengthen grassroots development and promote accountability in civic engagements, the Edo State Government has announced that 65 non-governmental organizations (NGOs) operating within the state will undergo a structured capacity-building training program. The initiative, organized in collaboration with development partners and civil society […]
Federal Mortgage Bank Appeals to Abia Government for Support in Recovering Civil Servants’ Loan Repayments The Federal Mortgage Bank of Nigeria (FMBN) has formally appealed to the Abia State Government to assist in recovering outstanding housing loan repayments owed by civil servants in the state. During a courtesy visit to Governor Alex Otti in Umuahia, […]
Electricity Reforms Under Scrutiny: Experts Decry High Tariffs Amid Persistent Blackouts As Nigeria marks two years under President Bola Tinubu’s administration, the nation’s electricity reforms are facing intense criticism. Despite promises of improved power supply and increased generation capacity, many Nigerians continue to endure prolonged blackouts, even as electricity tariffs have surged. Energy experts and […]
Osun Government Launches Free Medical Outreach for Business Owners in 30 LGAs The Osun State Government has announced the launch of a free medical outreach program targeting business owners across all 30 Local Government Areas (LGAs) of the state. This initiative aims to improve the health and wellbeing of entrepreneurs and small business owners, recognizing […]
SEC Issues Warning Against Unregistered Silverkuun Investment Scheme The Securities and Exchange Commission (SEC) has issued a stern warning to Nigerians against participating in the Silverkuun investment scheme, which it has identified as unregistered and operating illegally. In a public notice, the SEC clarified that Silverkuun has not complied with the regulatory requirements necessary to […]
Court Rejects Emefiele’s Bid to Reclaim Forfeited 753 Duplex Estate The Federal Capital Territory (FCT) High Court in Apo, Abuja, has dismissed an application by former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, seeking to reclaim a 753-unit estate in the Lokogoma District of Abuja. The estate, measuring 150,462.84 square meters, was previously forfeited […]
Federal Government Initiates Payment of ₦35,000 Wage Award Arrears to Civil Servants The Federal Government of Nigeria has commenced the disbursement of the long-awaited ₦35,000 wage award arrears to federal civil servants across the country. This initiative aims to alleviate the economic hardships faced by workers due to recent policy reforms, including the removal of […]
HEDA Initiates Legal Action Against Federal Government and Oil Corporations Over Alleged Unlawful Licence Transfer The Human and Environmental Development Agenda (HEDA) Resource Centre has filed a lawsuit against the Federal Government, multinational oil companies, and key regulatory bodies, challenging the legality of recent oil licence transfers. The suit, filed at the Federal High Court […]
NGX-Listed Companies Distribute N1.1 Trillion in Dividends, Secure N3.68 Trillion in Capital in 2024 — SEC The Securities and Exchange Commission (SEC) has disclosed that companies listed on the Nigerian Exchange (NGX) collectively disbursed N1.1 trillion in dividends to shareholders in 2024, affirming a year of strong corporate performance and enhanced investor returns. In addition […]
In a major step toward combating the adverse effects of climate change, the Edo State Government has officially launched a six-month work plan for the implementation of its €175 million Nigeria Climate Resilience Project. The ambitious initiative is being funded by the European Investment Bank (EIB) and is part of a broader national strategy to […]
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the temporary shutdown of the Port Harcourt Refining Company (PHRC) effective today, as part of a planned maintenance operation aimed at restoring the refinery’s optimal performance and operational integrity. In a statement released by the NNPC management, the shutdown is described as a necessary step […]