NESG: Nigeria’s high production costs threaten industrial competitiveness
By Favour Ulebor The Nigeria Economic Summit Group has warned that high production costs, unreliable electricity and poor logistics infrastructure are undermining Nigeria’s industrial competitiveness, calling for a council within the Presidency to coordinate industrialisation policies. Co-facilitator of the NESG, Lumun Feese, said Nigeria needed a coordinated approach to industrial development to address structural challenges […]
20,000 pension contributors move N153b savings around for better returns
By Rosemary Iwunze In the quest for better management and significant return on investment for their pension savings, a total of 19,969 Retirement Savings Account, RSA, holders transferred their pension contributions from one Pension Fund Administrator, PFA, to another in the fourth quarter of 2025, Q4’25. The value of funds transferred within the quarter stood at […]
MAN Oron gets Integrated Management System Certification
By Godwin Oritse The Maritime Academy of Nigeria (MAN), Oron, in Akwa Ibom State, yesterday received the Integrated Management System (IMS) Certification facilitated by the Standard Organisation of Nigeria (SON), as part of efforts to strengthen institutional capacity and enhance human capital development. Speaking at the presentation of the certificate, the Minister of Marine and Blue […]
N7m clears container in Cotonou, same cargo costs N15m in Apapa — IMAN
•Importers remain govt’s biggest revenue source after oil — Yar’adua By Efe Onodjae The Importers Association of Nigeria (IMAN) has decried the rising cost of cargo clearance at Nigerian ports, revealing that while it costs between N7 million and N8 million to clear a 20-foot container in Cotonou, Benin Republic, the same container attracts between N14 […]
Stewardship, not seizure: What the Union Bank case is really about
There is a particular genre of financial commentary that mistakes legal process for a factual verdict. A court delivers a first-instance ruling, procedural questions are raised, and before the ink is dry on the appeal filing, the narrative has already hardened: the regulator overreached, investor confidence is shattered, and Nigeria’s financial governance is on trial before the world.
Vegetable oil policy in crisis as imports dominate- Producers lament
•Warns policy failure hurting local oil investors By Cynthia Alo Vegetable and edible oil producers have raised alarm over the continued dominance of imported brands despite the retention of items in the Federal Government’s prohibition list under the 2026 fiscal policy measures. According to the National Chairman of the Vegetable/Edible Oil Producers Association of Nigeria (VEOPAN), Okey […]
