Business Archives - Page 7 of 26

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...

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...

SEC Confirms T+1 Settlement Cycle for Capital Market

May 20, 2026

Nigeria’s capital market will officially transition to a T+1 settlement cycle from June 1, 2026, following a directive issued by the Securities and Exchange Commission, SEC. The commission said the migration forms part of broader efforts to modernise market operations, improve liquidity, strengthen risk management, and align Nigeria’s financial market with international standards. Under the...

Nigeria Oil Exploration Falls 41.7% as Rig Count Drops

May 20, 2026

Nigeria’s oil exploration activities declined by 41.7 percent in April 2026 following a sharp drop in upstream drilling operations and investment activities, according to the latest report released by the Organization of the Petroleum Exporting Countries, OPEC. The report showed that Nigeria’s active rig count fell from 17 in March to 12 in April 2026....

NEITI Raises Alarm Over Illicit Financial Flows in Mining Sector

May 15, 2026

The Nigeria Extractive Industries Transparency Initiative, NEITI, has raised concerns over rising illicit financial flows in Nigeria’s solid minerals sector, warning that illegal mining, weak regulation, and opaque ownership structures are undermining the industry’s economic potential. The agency said the growing activities threaten revenue generation, weaken transparency, and fuel criminal operations within mining communities. In...

Dangote Refinery Faced Mafia Resistance, Says Aliko Dangote

May 15, 2026

President of the Dangote Group, Aliko Dangote, has disclosed that the Dangote refinery faced strong resistance from powerful interests within Nigeria’s oil sector during its development phase. He said some fuel importers and entrenched business groups attempted to frustrate the $20 billion refinery project because it threatened existing import-dependent trade structures. Dangote made the remarks...

Customs Hands Over Illicit Substances Worth N16.7bn to NDLEA

May 15, 2026

The Nigeria Customs Service, NCS, Tin Can Island Port Command has handed over seized illicit substances valued at N16.7 billion to the National Drug Law Enforcement Agency, NDLEA, following a joint intelligence-led operation at the Lagos port. The interception involved a container loaded with Cannabis Indica imported into Nigeria through the seaport system. Speaking during...

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MEDIA STATEMENT: NNAJI’S DEFENCE CALLS FOR ACCURATE REPORTING OF COURT PROCEEDINGS

October 26, 2026

The media report published today under the headline “UNN, NYSC disowned ex-minister Nnaji’s certificates, witness tells court” does not give readers a complete or balanced account of what transpired before the Federal High Court. Its headline presents the prosecution’s allegations as though they were established facts, even though the trial is ongoing and no judgment...

G27 QUESTIONS MBAH’S 2023, 2027 INEC CREDENTIALS, DEFENDS NNAJI

October 13, 2026

By Chief James Ogbodo The G27 for Uche Nnaji support group has questioned Governor Peter Mbah’s decision to submit a Senior School Certificate Examination (WAEC) certificate as his highest educational qualification to the Independent National Electoral Commission (INEC) ahead of the 2027 governorship election. The group made its position known in a statement signed by...

ENUGU 2027: WHY UCHE NNAJI’S PATH TO LION BUILDING IS WIDER THAN MANY THINK

October 7, 2026

By Ureh Ogbonna As the 2027 governorship election approaches, one political reality is becoming increasingly difficult to ignore: Chief Uche Geoffrey Nnaji—Nwakaibie—has a credible path to victory in Enugu State. Elections are never won in advance. But judged by his platform, experience, message and emerging political coalition, Nnaji is far more than an ordinary opposition...

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MEDIA STATEMENT: NNAJI’S DEFENCE CALLS FOR ACCURATE REPORTING OF COURT PROCEEDINGS

G27 QUESTIONS MBAH’S 2023, 2027 INEC CREDENTIALS, DEFENDS NNAJI

ENUGU 2027: WHY UCHE NNAJI’S PATH TO LION BUILDING IS WIDER THAN MANY THINK

GTCO Posts N603bn Profit, Proposes N1 Dividend

Latest News

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

Dangote Revives Olokola Seaport Project in Ogun State

SEC Confirms T+1 Settlement Cycle for Capital Market

Nigeria Oil Exploration Falls 41.7% as Rig Count Drops

NEITI Raises Alarm Over Illicit Financial Flows in Mining Sector

Dangote Refinery Faced Mafia Resistance, Says Aliko Dangote

Customs Hands Over Illicit Substances Worth N16.7bn to NDLEA

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MEDIA STATEMENT: NNAJI’S DEFENCE CALLS FOR ACCURATE REPORTING OF COURT PROCEEDINGS

G27 QUESTIONS MBAH’S 2023, 2027 INEC CREDENTIALS, DEFENDS NNAJI

ENUGU 2027: WHY UCHE NNAJI’S PATH TO LION BUILDING IS WIDER THAN MANY THINK

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