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Imported vegetable oil brands flood Nigerian market despite ban, producers raise alarm

June 1, 2026
More than 100 imported vegetable oil brands are still dominating Nigeria’s market despite the Federal Government’s prohibition on the products, according to the Vegetable and Edible Oil Producers Association of Nigeria (VEOPAN). The association’s National Chairman, Chief Okey Ikoro, said the continued influx of imported vegetable oil has undermined local investments and weakened confidence among...
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FRSC commends Dangote Cement over new transport safety policy for truck operations

June 1, 2026
The Federal Road Safety Corps (FRSC) has commended Dangote Cement Plc for introducing a new transport safety policy aimed at improving operational standards and reducing road crashes involving heavy-duty vehicles. The transport safety policy was unveiled as part of the company’s broader commitment to safer logistics operations across Nigeria. FRSC officials described the initiative as...
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Soybean imports rise as India turns to Nigeria, African suppliers

May 29, 2026
India has intensified efforts to expand soybean imports from Nigeria and other African countries as it seeks to strengthen supply and meet growing domestic demand. The development reflects increasing global competition for agricultural commodities amid changing trade patterns and production pressures. Industry stakeholders said Nigeria’s agricultural potential could position the country as an important supplier...
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Capital market integration critical to monetary policy, NGX Group says

May 29, 2026
The Nigerian Exchange Group has called for stronger capital market integration into Nigeria’s monetary policy framework to improve investment growth and economic stability. The group said deeper coordination between monetary authorities and the capital market could strengthen liquidity management and long-term financing. Officials also noted that the financial market plays a critical role in supporting...
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Weak manufacturing base threatens Nigeria’s economic stability, CPPE warns

May 29, 2026
The weak manufacturing base in Nigeria poses a major threat to economic growth, employment, and industrial development, according to the Centre for the Promotion of Private Enterprise. The economic policy group warned that limited industrial productivity continues to weaken the country’s competitiveness and increase dependence on imports. It also stated that structural challenges facing manufacturers...
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Agricultural early warning initiative targets farmers, policymakers

May 28, 2026
A new agricultural early warning partnership between the National Agricultural Development Fund and OSPRE has been launched to support farmers and policymakers with timely information. The initiative is designed to improve planning, reduce farming risks, and strengthen food production systems across Nigeria. Officials said the programme would provide data-driven alerts and forecasting tools for agricultural...
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Pension fund transfers hit N153bn as contributors seek higher returns

May 28, 2026
Pension fund transfers in Nigeria have risen sharply as more than 20,000 contributors moved N153 billion in retirement savings in search of better investment returns. The movement of funds reflects growing awareness among contributors about pension performance and fund management options. Industry stakeholders said contributors are increasingly comparing returns offered by Pension Fund Administrators before...
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Management system certification boosts MAN Oron operational standards

May 28, 2026
The management system certification obtained by the Maritime Academy of Nigeria, Oron, has strengthened the institution’s operational and administrative standards. The academy secured an Integrated Management System certification following assessments of its quality, safety, and institutional procedures. Officials said the certification reflects efforts to improve global compliance within Nigeria’s maritime training sector. The certification is...
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Dangote Revives Olokola Seaport Project in Ogun State

May 20, 2026
Dangote Group has activated plans for the Olokola Seaport project in Ogun State as part of efforts to strengthen industrial logistics, export operations, and maritime infrastructure in Nigeria. The development signals renewed investment activity around the Olokola Free Trade Zone after years of limited progress on the project. President of Dangote Group, Aliko Dangote, disclosed...
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ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

June 3, 2026
An ISWAP commander killed during ongoing military operations in Nigeria’s North-East was among at least 50 terrorists neutralised by troops of Operation Hadin Kai, according to military authorities. The operation, which targeted Islamic State West Africa Province (ISWAP) fighters and other insurgents, was carried out as part of intensified efforts to dismantle terrorist networks operating...

Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

June 2, 2026
The Oyo lawmakers defection trend gained momentum on Tuesday as six members of the House of Representatives from Oyo State formally left the Peoples Democratic Party (PDP) for the Allied Peoples Movement (APM). The lawmakers announced their departure during plenary at the House of Representatives, citing the prolonged internal crisis and leadership disputes within the...

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