By Godwin Oritse The Council for the Regulation of Freight Forwarding in Nigeria, CRFFN, has said that the growing participation of foreign firms in Nigeria’s freight forwarding, customs brokerage and logistics sector should be viewed as a reflection of deeper structural deficiencies rather than simply a nationality issue. Speaking on the ongoing debate over foreign involvement […]

The Minister of State for Industry, John Enoh, has described Aliko Dangote as Nigeria’s “foremost industrialist” and the driving force behind the successful launch of the Nigeria Industrial Policy (NIP), even as he disclosed that his ministry was targeting a rise in manufacturing’s contribution to gross domestic product (GDP) to about 20 per cent by 2030 […]

The naira remained broadly stable against the United States dollar on Friday, July 31, 2026, with only marginal movements recorded in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.

By Peter Egwuatu Femi Otedola, Chairman of First HoldCo, parent company of First Bank, has bought additional 1.779 billion shares of the company worth N222.209 billion. According to a statement signed by the company’s secretary, Abiola Baruwa, made available to the Nigerian Exchange Limited, NGX, yesterday, the shares were acquired through Otedola’s investment vehicle, Calvados Global Services Limited. […]

By Elizabeth Adegbesan The value of Automated Teller Machines (ATM) transactions grew sharply by 208.4 percent year-on-year (YoY) to N89.12 trillion in 2025 from N29.12 trillion in 2024. The Central Bank of Nigeria, CBN, disclosed this in its 2025 Annual Report noting that the increase in ATM transactions reflects user preferences, adoption of digital channels, […]