Oando grows half year revenue to N2.1trn
Oando Plc has recorded a 20 per cent increase in revenue to N2.1 trillion for the half-year ended June 30, driven by higher crude oil production, improved operational efficiency and cost optimisation.
Food Crisis: Cost of healthy diet rises further — NBS Report
By Elizabeth Adegbesan Despite the moderation in inflation rate reported by the National Bureau of Statistics, NBS, the financial burden of feeding on Nigerian households may have intensified as the national average Cost of a Healthy Diet (CoHD) climbed to N1,541 per adult per in March 2026, about 4.4 per cent up from N1,477 in March […]
NGX Group advocates stronger capital market integration into monetary policy framework
By Peter Egwuatu Group Managing Director/CEO, Nigerian Exchange Group (NGX Group), Temi Popoola, has urged the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to treat capital market development as a macroeconomic necessity, arguing that the effectiveness of monetary policy increasingly depends on the depth, liquidity, and coherence of Nigeria’s financial markets. Popoola made this […]
FG moves to accelerate mini-grid deployment with new guidelines
By Obas Esiedesa, Abuja The Federal Government has unveiled new guidelines for the safe and efficient interconnection of solar mini-grids to electricity distribution networks, aimed at accelerating renewable energy deployment and improving electricity access across Nigeria. Speaking at the launch in Abuja, the Managing Director of the Nigerian Electricity Management Services Agency (NEMSA) and Chief Electrical […]
Nigeria spends $2.34bn on food imports in 2025, down 7.4%
•Food import share shrinks as total imports jump 28% By Babajide Komolafe Nigeria’s spending on food imports declined by 7.4 per cent, year-on-year to $2.34 billion in 2025, signaling a moderation in the country’s dependence on imported food products despite a sharp increase in overall import expenditure. Data on food imports obtained from the Central Bank […]
Nigeria, Liberia move to deepen maritime cooperation, capacity building
By Efe Onodjae The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dayo Mobereola, has reaffirmed Nigeria’s commitment to strengthening regional maritime integration, cooperation and capacity development across Africa. Mobereola made the pledge while receiving the Honorary Consul of Liberia in Lagos, Dapo Akinosun, at the NIMASA headquarters in Lagos. He described the engagement […]
Cardoso re-assigns deputy govs, Ikeazor now in charge of policy
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has re-assigned all four deputy governors of the institution.
Stock market dips 1.13% as investors lose N1.81trn
Investors lost N1.811 trillion on Monday as widespread profit-taking in major equities dragged the stock market into negative territory on the first trading day of June.
NSIB probes Bonny Anchorage vessel collision
By Efe Onodjae The Nigerian Safety Investigation Bureau, NSIB, has commenced investigation into the collision involving container vessel, MV Maersk Valparaiso, and oil tanker, MT Lady Martina, at Bonny Anchorage in Rivers State. The incident, which occurred on May 20, 2026, has been classified by the Bureau as a “Very Serious Marine Casualty.” In a statement issued […]
Over 100 imported vegetable oil brands dominating local market despite ban — Ikoro
….Accuses Customs, NAFDAC, SON of enforcement failure By Cynthia Alo Despite the retention of vegetable oil on the Federal Government’s prohibition list under the 2026 fiscal policy measures, the National Chairman of the Vegetable/Edible Oil Producers Association of Nigeria (VEOPAN), Okey Ikoro, said the local market is still dominated by more than 100 imported oil brands, […]
FRSC commends Dangote Cement on new transport safety policy
By Yinka Kolawole The Federal Road Safety Corps (FRSC) has commended Dangote Cement Plc for delivering measurable and transformative improvements in road safety, noting a significant decline in articulated truck crashes across Nigeria following the introduction of innovative transport safety policies and operational reforms. The Corps described Dangote Cement as a benchmark for transport management and […]
