Equity investors lose N4.9trn, as market uptrend reverses
By Peter Egwuatu The Nigerian stock market reversed its upward trajectory last week with investors losing over N4.915 trillion of their investment listed on the Nigerian Exchange Limited, NGX. The development was driven by a sustained profit-taking move across major sectors. Consequently, the NGX market capitalisation, which represents the total value of stocks listed on the […]
Slight inflation decline offers cautious optimism for businesses — LCCI
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 […]
Apapa traffic system review won’t disrupt ports — NPA
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 […]
Shipping firms defend freight hike, cite inflation and FX pressures
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. […]
Nigeria’s oil output drops 9% to 1.483m bpd
•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 – […]
National Single Window will fail without necessary infrastructure — Maritime expert
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 […]
