The winners emerged at the commercial bid conference held on Tuesday at the Transcorp Event Centre, Abuja, marking the conclusion of the competitive phase of the licensing exercise.

By Providence Ayanfeoluwa Nigeria’s growing exposure to drug trafficking through its seaports is posing a serious threat to the country’s international trade reputation, economic competitiveness and investment prospects, the Sea Empowerment & Research Center (SEREC) has warned. In its July 2026 Policy Bulletin released yesterday, SEREC said the persistent use of Nigerian seaports as transit routes […]

First City Monument Bank (FCMB) and 247 Travels have launched ‘Book Now, Fly Later’, a financing programme that allows eligible customers to borrow up to ¦ 10 million for international flight tickets and repay over three to nine months. The programme is designed to help Nigerians spread travel costs for business, education, healthcare, tourism, and family […]

By Peter Egwuatu The shareholders of Tantalizers Plc have commended its Board of Directors and Management for the company’s return to profitability. The board also assured the shareholders that the company’s emerging growth trajectory was founded on strong operational foundations that would ensure sustainable long-term profitability and returns to investors. At the company’s Annual General Meeting, […]

By EfeOnodjae Nigeria is undermining its drive for food security, job creation and foreign exchange conservation through inconsistent fish import policies that continue to favour imported fish over locally farmed varieties, a fisheries expert, Dr. OlukayodeOlubiyi, has warned. The policy inconsistency, he said, is discouraging investment in aquaculture, weakening domestic fish production and forcing the country […]

•As retail price reduces to N1,400/Kg By Mariam Eko The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas increased on a month-on-month, MoM basis by 24 percent to 5.1 metric tonnes per day in June 2026 from 4.1 metric tonnes per day in May 2026. This was disclosed in the data supplied by […]

AXA Mansard Health has been named Health Maintenance Organisation (HMO) of the Year by Afriglobal Medicare, a recognition that underscores the growing role of private health insurers in expanding access to quality healthcare as Nigeria records increased health insurance coverage under ongoing sector reforms. The award comes amid renewed efforts by the Federal Government and […]

By Rosemary Iwunze Cornerstone Insurance Plc has grown its insurance revenue by 34 per cent for the year ended 31 December 2025, to N51.66 billion from N38.67 billion. Acting Chairman of the company, Mr. Afolabi Balogun, disclosed this at the company’s 34th Annual General Meeting in Lagos yesterday. Afolabi also disclosed that total assets of […]

Alert Microfinance Bank has recorded a 20-fold increase in total assets to N50 billion in three years, as rising inflation, naira depreciation and stronger demand for credit reshape Nigeria’s banking landscape.

By Yinka Kolawole The Alliance for Economic Research and Ethics (AERE) has warned that the decline in manufacturing tax revenue in the first quarter of 2026 reflects weakening industrial activity, urging the Federal Government and the Central Bank of Nigeria (CBN) to implement far-reaching reforms to revive the productive sector. In a policy brief, Chairman of […]

By Yinka Kolawole The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has signed a tripartite Memorandum of Understanding (MoU) with China’s Linyi Wholesalers Federation and TTC Hydra Limited to strengthen bilateral trade and attract new Chinese investments into Nigeria’s manufacturing and infrastructure sectors. The agreement, signed at the NACCIMA Infrastructure Conference (INFRACON […]

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 […]

By Sebastine Obasi JMG, an integrated electro-mechanical solutions company, has called for stronger collaboration between government, industries, and educational institutions to equip young Nigerians with future-ready skills that will drive innovation, enhance employability, and accelerate sustainable economic growth. The call comes in commemoration of World Youth Skills Day 2026, celebrated annually, which highlights the importance of […]

Panelists at the just concluded UBA Business Series have indicated that financial inclusion, the creative economy, sports, and small and medium enterprises (SMEs) are the sectors most likely to produce Africa’s next billion-dollar companies. The United Bank for Africa (UBA) Plc, hosted its quarterly business series, bringing together entrepreneurs, investors, innovators and business leaders to explore […]

By Peter Egwuatu Analysts have warned that the rise in inflation, policy inconsistency, and volatile exchange rate, among other factors, can destabilise the ongoing economic reforms, which have started yielding fruits. However, the analysts stated that the Nigeria’s capital market is expected to maintain its positive momentum in the second half of 2026, supported by stronger […]