By Godwin Oritse Vecturis, a Belgian rail operations and management company, has signed a Technical Support and Investment Agreement (TSIA) with Nigeria’s Traxport Rail Services Ltd. The agreement marks a key step in Vecturis’ commitment to supporting modern, efficient, and sustainable rail freight operations in West Africa. Through the partnership, Vecturis will provide technical expertise and […]

By Providence Ayanfeoluwa The Customs Area Controller of Apapa Port Command, Comptroller Babatunde Olomu, has said the Command was committed to staying ahead of smugglers by leveraging intelligence and ensuring strict enforcement of regulations to prevent the importation of prohibited items. Speaking at a meeting with the Director, Inspection and Enforcement Directorate of the National Agency […]

By Obas Esiedesa and Ediri Ejoh Monthly revenue collected by electricity distribution companies (DisCos) dropped in June to N182.11 billion, 4.93 percent below N191.57 billion recorded in May, latest data from the Nigerian Electricity Regulatory Commission (NERC) has indicated. The figures contained in the ‘Commercial Performance of Distribution Companies Factsheet for June 2025’ released by the […]

The Foreign Portfolio inflow on the Nigerian stock market has dropped by 30.7% to N50.48 billion in July 2025 against N72.82 billion in June 2025.

The project will be rolled out in a strategic first phase covering 10 hectares of prime industrial land.

By Godwin Oritse MARITIME operators within Nigerian territorial waters are under increasing pressure to comply with international environmental standards, as the Nigerian Maritime Administration and Safety Agency (NIMASA) intensifies enforcement of the International Convention for the Prevention of Pollution from Ships (MARPOL), particularly Annex VI, a section of the convention initiated by International Maritime Association, IMO. […]

…as Osifo calls for workers’ safety By Johnbosco Agbakwuru ABUJA — THE Group Chief Executive Officer, GCEO, of the Nigeria National Petroleum Company Limited, NNPCL, Engr. Bayo Ojulari, on Wednesday said despite abundant reserves, Nigeria’s oil production has not matched her potential and called for a change of that narrative. This is as the President of […]

By Udema Akpan The 2025 edition of the Gas Investment Forum (GIF), will serve as a central platform for strategic dialogue around Nigeria’s gas monetization agenda and energy-driven industrialisation efforts. Accordingly, experts such as Ms. Olubukola Arowolo Verheijen, Special Adviser to President Bola Ahmed Tinubu on Energy; Ed Ubong, Coordinating Director of the Decade of Gas […]

By Rosemary Iwunze   At the backdrop of  frequent losses of lives and property to petroleum tanker fires, the immediate implementation of the Nigerian Insurance Industry Reform Act, NIIRA, 2025 has mandated all petroleum tankers plying the highways to get insured against third party losses going forward. Also, all petroleum and gas refilling stations and installations […]

Specifically, the market capitalization, which opened at 90.227 trillion, closed at 89.564 trillion, representing a 0.73 percent decrease.

By Udeme Akpan, Agams-Emuobe Oghenemairo & Ime-Udoma Richmond THE United States of America oil exports to Nigeria and other African nations dropped for the fifth month to 3.3 million barrels per day, bpd in July 2025. The Organisation of Petroleum Exporting Countries, OPEC, disclosed this in its August 2025 Monthly Oil Market Report, MOMR, without providing details. […]

By Babajide Komolafe Vice President Kashim Shettima will lead discussions at the 24th Annual International Conference of the Chartered Risk Management Institute of Nigeria (CRMI) scheduled to  hold in Lagos next week.  Themed “Global Risks, Local Solutions,” the two-day summit will bring together senior policymakers, regulators, business leaders, and risk experts to address the world’s most […]

Emma Ujah, Abuja Bureau Chief In a move to strengthen Nigeria’s economic fundamentals, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, yesterday, held a strategic meeting with the Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso, at the CBN Headquarters in Abuja. The Director of Information and Public Relations […]

By Babajide Komolafe The Federal Government has lamented the $10 billion spent annually by the country on food imports, saying there is need for innovative financing solutions to boost agriculture and strengthen food security. Minister of Agriculture and Food Security, Abubakar Kyari made this  call yesterday in Lagos at the First Bank of Nigeria Ltd. 2025 Agric […]

‎ ‎‎By Rosemary Iwunze ‎‎ Cornerstone Insurance Plc, one of Nigeria’s foremost and most trusted insurance underwriter, has announced its unaudited financial results for the first and second quarters of 2025, revealing a significant leap in both revenue and profitability.‎ According to the results published earlier this week, the company recorded Insurance Revenue of N19.3 […]