The Pan African Manufacturers Association (PAMA) has applauded the allocation of up to five percent of Nigeria’s Groos Domestic Product (GDP) to industrial financing under the newly launched industrial policy (NIP), noting it will potentially reduce capital costs for manufacturers and encourage large-scale investments. The association stated in its February 2026 News Bulletin that the […]

Another headline features Joe Kent, head of the U.S. National Counterterrorism Centre and adviser to President Donald Trump and the Director of National Intelligence, who has stepped down in protest over the Iran war.

On February 18, 2026, I wrote an article on this page titled: “City Boy’s South-East invasion”. It was all about the involvement of some Igbo socialites such as “E-Money”, “Obi Cubana”, “Cubana Chief Priest”, “Zenco” and others in Seyi Tinubu’s City Boy Movement which had just been imported into the South-East. Some Igbo activists felt affronted […]

By Yinka Kolawole Nigeria’s textile exports plunged sharply in 2025, dropping by 55.25 per cent to N16.55 billion from N36.98 billion recorded in 2024, even as the country’s importation of textile products surged significantly within the same period. Data obtained from the National Bureau of Statistics (NBS) showed that while export earnings from textile products declined […]

By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has said the marginal decline in Nigeria’s inflation rate offers cautious optimism for businesses and households, even as it warned that underlying risks could derail the fragile progress. In its reaction to the latest Consumer Price Index (CPI) report yesterday, LCCI noted that headline inflation […]

By Godwin Oritse The Nigerian Ports Authority (NPA) has assured port users and stakeholders that ongoing review of the Electronic Truck Call-Up System, popularly known as ETO, will not disrupt port operations or cargo movement. The Authority gave the assurance following the expiration of its agreement with Truck Transit Park Ltd (TTP), the firm managing the […]

By Godwin Oritse The Shipping  Association of Nigeria (SAN) has defended the recent increase in shipping and freight charges, attributing the adjustment to persistent inflationary pressures and volatility of the Naira against the US dollar and other foreign currencies. The association maintained that the rising cost environment has significantly impacted operational expenses across the maritime sector. […]

•As NUPRC shortlists investors for 50 oil blocks By Udeme Akpan, Energy Editor Nigeria’s oil output, including Condensate, has dropped month-on-month, MoM, by nine per cent to 1.483 million barrels per day, bpd in February 2026 from 1.627 million bpd in January 2026. The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, disclosed this yesterday in its report – […]

The Nigerian Naira maintained a relatively stable position against the US Dollar on Wednesday, March 18, 2026, as the foreign exchange market reacted to a significant surge in global oil prices and a milestone increase in the country’s external reserves.

UICTO was formally established in December 2021. The university was in January 2025 granted its operational licence by the National Universities Commission (NUC).