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 […]
Jaiz Bank rebrands, targets N100bn capital
Jaiz Bank Plc yesterday announced a new logo as it rebrands and a sets a N100 billion capital base for itself in the next one year.
Lafarge Africa’s revenue up 70% to N269bn in Q2’25
By Peter Egwuatu Lafarge Africa Plc has recorded sales revenue growth of 70% to N268.63 billion for the second quarter of the 2025, Q2’25, financial year against N157.80 billion that was recorded in the corresponding period in 2024″ Q2″24. A breakdown of the unaudited result released to the Nigerian Exchange Limited, NGX, last week revealed that […]
NNPCL: Tinubu commissions WAGL’s 40,000 CBM LPG vessel in S. Korea
By Obas Esiedesa, Abuja The President, Bola Ahmed Tinubu, has commissioned a 40,000 cubic meters (CBM) Liquefied Petroleum Gas (LPG) vessel, christened “MT Iyaloja (Lagos),” in Ulsan, South Korea, and stressed that Nigeria is poised to deliver clean and sustainable energy solutions not just in-country but also across Africa and beyond. A statement by NNPC explained […]
NPA commits to enhanced port efficiencies for export growth
By Godwin Oritse MANAGING Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has tasked his team to renew commitment towards continuous improvement of port efficiencies with a view to sustaining the positive export performance Nigeria has recorded so in 2025. Speaking during the recently concluded NPA Management Retreat in Onne, Rivers State, Dantsoho said: […]
LASG tasks civil servants, others on anti-money laundering war, terrorism
By Peter Egwuatu The Lagos State Government, LASG, has called for cooperation and vigilance among stakeholders across all economic spheres in the war against money laundering and terrorism financing, describing it as a threat to global peace. Declaring open a three-day strategic level anti-money laundering and countering terrorism workshop for senior officials of the state government […]
Revenue Commission commences fresh allocation formula
By Emma Ujah, Abuja Bureau Chief & Favour Isaac The Revenue Mobilisation Allocation and Fiscal Commission, (RMAFC) has commenced a fresh review of the formula for allocation of the national revenue among the three tiers of government. Disclosing this yesterday at a press briefing in Abuja, the Chairman of the Commission, Dr. Mohammed Shehu, stated, “The […]
MTN Group says it’s under US investigation
In 2006, MTN was chosen over Turkcell to become the 49 percent minority shareholder in Iranian government-controlled mobile phone carrier Irancell.
Nigeria tops as Singapore’s West Africa trade surges 85% to $7.47bn
Nigeria has emerged as the leader in economic expansion and employment opportunities in Singapore’s deepening trade relationship with West Africa, which has seen an 85 percent rise to $7.47 billion from 2020 to 2024. A review of the growing collaboration between Singapore and West Africa shows Nigeria emerging as a key contributor. Analysis of data from […]
UN ranks Nigeria 8th on African industrialisation index, 98th globally
By Yinka Kolawole The United Nations has ranked Nigeria as 8th on the African Industrialisation Index and 98th in the world. Thematic Lead for Oil and Gas at the Nigerian Economic Summit Group (NESG), . Kelvin Emmanuel, stated this in his presentation at a high-level pre-Summit dialogue held in Abuja with the theme, “Unlocking Industrial Growth […]
Foreign investment in manufacturing dips as binding constraints persist
…Down 32% to $129.9m in Q1’25 •It’s manifestation of economic reforms shock — CPPE By Yinka Kolawole The binding constraints bedeviling Nigeria’s manufacturing sector seem to have dampened foreign investors’ interest as foreign direct investment (FDI) in the sector declined by 32.3 percent to $129.92 million in the first quarter of 2025 (Q1’25), compared to $191.92 million […]
