Customs releases impounded trucks after CGC’s intervention at bonded terminal
By Godwin Oritse The Nigeria Customs Service (NCS) has released 36 trucks belonging to members of the Association of Maritime Truck Owners (AMATO) that were impounded during an investigation into alleged trade infractions at Zarmmak Bonded Terminal in the Amuwo Odofin area of Lagos. The trucks were detained by Customs Police attached to the Zone ‘A’ […]
BoI to channel 70% of EIB facility to drive cocoa, dairy sectors
By Etop Ekanem Nigeria’s foremost development finance institution, Bank of Industry (BoI) has secured a 60 million euro credit facility from the European Investment Bank to fund Nigeria’s cocoa and dairy value addition drive, with a focus on processing, ingredients and chocolate manufacturing. Managing Director/CEO of BoI, Dr. Olasupo Olusi, disclosed this during the Africa Cocoa […]
UOO commends Gov Otti’s transformation of Abia
Speaks on 70th anniversary By Osa Amadi The Chairman of U.O.O Nigeria Plc, Nze Edozie Uche Okafor, has commended the Abia State Governor, Dr. Alex Otti, on the rapid transformation he has brought to the state within a short time. Speaking recently at the 36th Annual General Meeting (AGM) of the company held in Lagos, Edozie […]
External reserves now $52bn, as net reserves exceed $40bn
•Reforms restore investor confidence •Bigger banks will drive growth – Cardoso By Babajide Komolafe Governor of the Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso, yesterday, said Nigeria’s external reserves have risen to about $52 billion, while net external reserves have exceeded $40 billion. He attributed the improvements to reforms that have restored investor confidence and […]
Stock market experts optimistic on H2’26 but warn investors
…Strong performance does not eliminate investment risk – CIS boss …Strong market performance should not lead to policy complacency – Uwaleke …Investors have made more money from the market than any other – Kurfi …Market will continue to rally upwards but… – Amolegbe …Uncertainties over 2027 election remain a possible headwind – Adonri By Peter […]
How Nigeria can overcome hunger — BUA
As BUA Foods posts N518.4 PAT By Emma Ujah, Abuja Bureau Chief The Chairman of BUA Foods Plc, Alh. Abdul Samad Rabiu, has identified heavy investments in agriculture by both the government and private sector operators as a key factor necessary to tackle hunger in the country. He spoke at the 5th Annual General Meeting of […]
