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Cardoso Wins Central Bank of the Year Award in London

June 12, 2026
Cardoso Wins Central Bank recognition after the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, received the Central Bank of the Year Award at the Central Banking Awards ceremony held recently in London. The award acknowledges the institution’s reform efforts and contributions toward strengthening economic stability in Nigeria. The Central Banking Awards...
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Textile Imports Rise 17% to N267.7bn Despite Revival Push

June 12, 2026
The value of textile products imported into Nigeria increased significantly in the first quarter of 2026, as Textile Imports Rise by 17 per cent year-on-year to N267.7 billion. The latest figures highlight the country’s continued dependence on imported textile materials despite ongoing efforts to revive domestic manufacturing. Nigeria’s textile industry was once a major contributor...
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Lekki Port Expansion Set for Phase 2, Lagos Government Says

June 12, 2026
The Lagos State Government has announced that Lekki Port Expansion will soon enter its second phase, as authorities move to increase cargo-handling capacity and strengthen the state’s position as a leading maritime and logistics hub in West Africa. Governor Babajide Sanwo-Olu disclosed the development during the Invest Lagos Summit 3.0 held in Lagos earlier this...
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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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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

July 28, 2026
Former Edo State Governor and Senator Adams Oshiomhole has criticised the 2027 presidential ambition of Nigeria Democratic Congress (NDC) candidate Peter Obi, describing his promise to transform Nigeria within a single four-year term as unrealistic and driven by desperation. Speaking on Obi’s campaign promises, Oshiomhole questioned the former Anambra governor’s political consistency, arguing that his...

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

July 26, 2026
The Socio-Economic Rights and Accountability Project (SERAP) has instituted legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL) over what it describes as the company’s failure to properly explain ₦211 trillion recorded in its 2023 audited financial statements. The lawsuit, filed before the Federal High Court in Abuja, challenges financial entries listed as “Sundry...

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