The Abuja Chamber of Commerce and Industry (ACCI) has reaffirmed its commitment to strengthening bilateral trade and deepening business collaboration between Nigeria and India. Prof. Adesoji Adesugba, First Deputy President of ACCI, stated this during a courtesy visit by an ACCI delegation to the Indian High Commission in Abuja. Adesugba, who is also the National Vice […]

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 […]

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 – […]

By Providence Ayanfeoluwa Industry expert and Chief Consultant at Global Transport Policy, Dr. Segun Musa, has described the National Single Window, NSW, as a shell to house agencies, adding that Nigerians should not expect the project to transform cargo clearance. He said that unless the agencies under the NSW are properly equipped with infrastructure, the initiative […]

By Peter Egwuatu Nigeria’s stock market hit a major milestone on Monday, with the Nigerian Exchange Limited, NGX, All-Share Index (ASI) crossing the 200,000-points mark, buoyed by strong investor demand and broad-based gains across key sectors. The benchmark Index rose 1.55% to close at 201,474.89 points, up from 198,407.30 points in the previous trading session. This […]

FCMB Group Plc has completed the recapitalisation of its banking subsidiary, First City Monument Bank Limited, and has secured its international banking licence after obtaining all required regulatory approvals. The Group raised more than N400 billion through a series of transactions, including public equity offerings, a convertible instrument, and a minority divestment in one of its […]