Dangote to launch own shipping fleet to boost maritime operation
By Godwin Oritse In a move to address limited shipping capacity and the rising cost of road transportation, which have hindered its regional expansion, Dangote Industries has concluded plans to acquire its own vessels to facilitate the movement of its products from Nigeria to markets across West and Central Africa. Speaking from the perspective of […]
Ban on sachet alcohol threatens N1.9trn local investments — MAN
…Says 500,000 direct jobs at risk The Manufacturers Association of Nigeria (MAN) has warned that the decision to ban the production and sale of alcoholic beverages packaged in sachets and small PET bottles by 31st December, 2025 could lead to the loss of over N1.9 trillion investments by indigenous companies and 500,000 direct, and 5 million indirect […]
FG ends pioneer incentive tax exemption for businesses
By Yinka Kolawole The federal government has stopped receiving applications for the Pioneer Status Incentive (PSI) with effect from November 10, 2025, which implies that corporate organisations will no longer enjoy three-year tax-free incentives for new businesses. The Nigerian Investment Promotion Commission (NIPC) said the move is part of preparations for the full transition to the new […]
Stockbrokers outline strategic actions to accelerate transformation of Nigeria’s capital market
By Peter Egwuatu The Chartered Institute of stockbrokers (CIS) has issued a comprehensive set of recommendations aimed at fast-tracking the modernisation and growth of Nigeria’s capital market. At the Institute’s 29th Annual Stockbrokers’ Conference held in Abuja, participants emphasised that decisive reforms were essential for positioning the market as a catalyst for national economic transformation. In […]
NIMASA seeks stronger Port State control to enhance safety
By Godwin Oritse The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has said that effective Port State Control (PSC) is one of the most potent tools of ensuring global safety and maintenance of environmental standards in shipping. Mobereola who said this at a 5-day Regional Train the Trainer Workshop […]
SEC begins T+2 settlement cycle in capital market on Friday
Peter Egwuatu Barring unforeseen circumstance, the Securities and Exchange Commission (SEC) will officially transition to a T+2 settlement cycle for equities transactions from Friday, November 28, 2025, in a move designed to align with global best practices and enhance market efficiency. The commission disclosed this in a statement, noting that the transition from the current T+3 […]
