Business Archives - Page 6 of 25

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...

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...

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...

CBN Extends PoS Geo-Fencing Deadline to July 31 for Operators

June 1, 2026

The Central Bank of Nigeria, CBN, has extended the PoS geo-fencing deadline to July 31, providing banks, fintech firms, payment service providers and other stakeholders in the electronic payments ecosystem additional time to comply with the regulatory framework governing Point of Sale terminals. The extension was announced in a circular issued by the Director of...

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...

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...

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...

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...

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...

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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2027: Obi Supporters to Track Votes From Polling Units to Abuja, Says Yesufu

September 11, 2026

Political activist and Nigeria Democratic Congress member, Aisha Yesufu, has said supporters of the party’s presidential candidate, Peter Obi, will take direct steps to protect their votes in the 2027 presidential election. Yesufu said the supporters would deploy representatives to polling units and monitor election materials and results throughout the collation process. She said the...

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

September 10, 2026

The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into outstanding oil revenue debt owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies. The liabilities under investigation have been put at N432.07 billion. The probe followed findings contained in...

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

September 9, 2026

The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into an oil revenue debt of N432.07 billion owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies. The investigation followed findings contained in the Auditor-General’s annual audit reports, which identified...

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2027: Obi Supporters to Track Votes From Polling Units to Abuja, Says Yesufu

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

INEC schedules five by-elections across four states for Sept 19

Latest News

Lekki Port Expansion Set for Phase 2, Lagos Government Says

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

FRSC commends Dangote Cement over new transport safety policy for truck operations

CBN Extends PoS Geo-Fencing Deadline to July 31 for Operators

Soybean imports rise as India turns to Nigeria, African suppliers

Capital market integration critical to monetary policy, NGX Group says

Weak manufacturing base threatens Nigeria’s economic stability, CPPE warns

Agricultural early warning initiative targets farmers, policymakers

Pension fund transfers hit N153bn as contributors seek higher returns

Management system certification boosts MAN Oron operational standards

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Popular Posts

2027: Obi Supporters to Track Votes From Polling Units to Abuja, Says Yesufu

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

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