The Nigerian Shippers’ Council approved the increase in shipping charges after a due process spanning over two years, culminating in final authorisation for carriers to implement the adjustment.

By Sebastine Obasi The Chief Executive Officer of Falcon Corporation Limited, Audrey Joe-Ezigbo, has called on Nigeria’s energy industry to deepen its commitment to appointing women to top leadership positions, particularly across the gas value chain, as the sector commemorates International Women’s Day (IWD) 2026. Audrey made this call as part of the global celebration of […]

By Godwin Oritse The Executive Secretary/Chief Executive Officer of the Nigerian Shippers Council, Akutah Pius, has urged freight forwarders to adopt dialogue as a constructive approach to resolving disputes, cautioning against industrial actions that could disrupt the nation’s economy. He made the appeal in response to the picketing of the offices of Mediterranean Shipping Company, MSC, […]

By Yinka Kolawole,  With agency report Nigeria recorded the sharpest increase in the pump price of petrol worldwide at the backdrop of the war in the Middle East, an analysis of  Global Petrol Prices has revealed. The breakdown according to TheCable shows that Nigeria recorded a 39.5 percent increase in pump prices between February 23 and March 16, […]

…Crude oil exports decline 14.41% to $31.54bn…Foreign portfolio investments down 48.3% to $8.04…Current account surplus falls 26%By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments (BOP) surplus plummeted by 38.1 per cent to $4.23 billion, down from the $6.83 billion recorded […]

By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, survey has showed that 42.7 percent of respondents perceived interest rates on bank loans to be high in the past three months. This formed the key highlight of the apex bank’s Consumer Expectation Survey report for February 2026. The respondents made this remark when asked how the […]

By Rosemary Iwunze As the conflict involving United States, Israel and Iran escalates in the Middle-East, Nigeria insurance industry may face rising reinsurance costs. Commissioner for Insurance, Mr. Olusegun Omosehin, who disclosed this, noted that the crisis could trigger rising claims globally, leading to higher reinsurance pricing. The development, according to Omosehin, would inevitably affect Nigerian […]

United Bank for Africa (UBA) Plc, has reiterated its commitment towards building tangible economic bridges and strengthening diaspora-driven investment into Nigeria. UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, stated this while hosting representatives of the Nigerians in Diaspora Commission (NiDCOM) led by its Chairman/CEO, Hon. Abike Dabiri, at the bank’s UK office earlier in the […]

By Babajide Komolafe Governor of the Central/ Bank/ of/ Nigeria (CBN), Mr./ Olayemi/ Cardoso, has said that Nigeria’s recent monetary and financial-sector reforms have built a stronger capacity to withstand external shocks and restored confidence in the economy. Speaking at the Africa/ Capital/ Forum in London on Tuesday on the sidelines of President/ Bola/ Ahmed/ Tinubu’s […]

•Crude oil exports decline 14.41% to $31.54bn •Foreign portfolio investments down 48.3% to $8.04 •Current account surplus falls 26% By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments (BOP) surplus plummeted by 38.1 per cent to $4.23 billion, down from the $6.83 […]

By Providence Ayanfeoluwa The National Association of Government Approved Freight Forwarders, NAGAFF has inaugurated a 16-member “Trade War Committee” to address systemic inefficiencies and exploitative practices affecting port users and logistics operators across Nigeria’s international trade ecosystem. Speaking at the inauguration, Founder of NAGAFF, Dr. Boniface Aniebonam, said that the action is in response to the […]

By Mariam Eko The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas declined by 8.5 percent, on a month-on-month, MoM basis to 4.7 metric tonnes per day in February 2026 from 5.1 metric tonnes per day in December 2025. This was contained in the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Factsheet […]

The Securities and Exchange Commission, SEC and Nigerian Exchange Limited, NGX are set to review free float thresholds for listed companies over liquidity concerns, in a bid to enhance the equities market and attract more investors. Free float refers to the proportion of a company’s shares available for public trading, excluding those held by insiders, founders […]

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 […]