Stakeholders differ on CBN’s withdrawal from manufacturers’ intervention fund
By Yinka Kolawole Industry stakeholders have expressed divergent views on the Central Bank of Nigeria’s (CBN) withdrawal from direct intervention financing of the manufacturing sector. Director General of Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, said CBN’s exit has left manufacturers heavily dependent on commercial banks that are not structured to provide long-term industrial […]
NCAA, experts clash over 5% air ticket charge
Stakeholders in the country’s aviation sector have deepened calls for a review of the sharing formula of the five per cent Ticket Sales Charge/Cargo Sales Charge, TSC/CSC, saying the Nigerian Airspace Management Agency, NAMA, required a larger share of the revenue to upgrade air navigation infrastructure.
Agro exports crash 31% as port delays, pesticides trigger global rejections
Nigeria’s agricultural exports suffered a sharp 31.2 per cent decline in the first quarter of 2026 (Q1’26) as prolonged port delays, excessive pesticide application, outdated chemical preservatives and failure to obtain required phytosanitary certification combined to trigger increasing rejection of the country’s farm produce in international markets.
Superb Spain rule the world, overwhelm Argentina
Spain finally broke Argentina’s dogged resistance in extra time to win the men’s World Cup for the second time with a 1-0 victory.
NGE to host 4th Lateef Jakande Memorial Lecture July 23
The Nigerian Guild of Editors (NGE) has announced it will, on July 23, 2026, host the 4th Lateef Jakande Memorial Lecture in Lagos.
Petrol imports rose by 207% in June – NMDPRA
By Obas Esiedesa, Abuja Nigeria’s petrol imports surged by 207 per cent in June 2026, reversing earlier gains recorded in domestic refining as local supply declined sharply, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). An analysis of the authority’s monthly petrol supply data for the first six months of […]
