Category: Business
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PRICE TAG TROUBLE: LAGOS FISH FARMERS SAY MIDDLEMEN ARE SINKING PROFITS
They raise the fish, but can’t fix the price — and now Lagos farmers say the system is rigged against them. Fish farmers in Lagos are pushing back against what they call an unfair pricing system, blaming middlemen for shrinking profits despite rising production costs. The Lagos State Catfish Allied Farmers Association of Nigeria says…
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INSURANCE CASH SURGE: SECTOR RAKES IN ₦2.3BN AS OIL & GAS TAKES THE LEAD
Nigeria’s insurance industry just had a solid quarter—think of it as a financial “rainy day fund” that actually saw sunshine, pulling in billions while oil & gas and fire cover stole the spotlight. The Nigerian insurance sector recorded a strong performance in Q4 2025, with gross premium hitting ₦2.301 billion, according to the National Insurance…
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€1.67B RAIL BOOST: TÜRKİYE, WORLD BANK LINK UP TO UNLOCK GLOBAL TRADE ROUTE
From Beijing to London, a faster track is coming — and Istanbul is right at the centre of it. Big money, bigger ambition. Türkiye and the World Bank have sealed a €1.67 billion deal to power the Istanbul Northern Railway Crossing Project — a move set to ease one of global trade’s biggest bottlenecks. The…
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EXPERTS URGE GRASSROOTS TAX EDUCATION, BETTER DIGITAL SYSTEMS
Tax specialists say simpler filing and public awareness are key to boosting compliance under Nigeria’s new tax reforms. Tax experts at the National Policy Dialogue on Tax Reform in Abuja called for stronger digital infrastructure and grassroots education to help Nigerians navigate the TaxPro Max system. Prof. Henry Egharevba highlighted login difficulties on TaxPro Max,…
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MIDDLE EAST TENSIONS UNLIKELY TO SHAKE NIGERIA STOCK MARKET — UWALEKE
Despite global unrest, Nigeria’s market remains insulated, with banking, consumer goods, and the upcoming Dangote Refinery listing driving optimism. Prof. Uche Uwaleke, President of the Capital Market Academics of Nigeria (CMAN), says the stock market is likely to remain resilient in Q2 2026 despite the US-Israel-Iran crisis. He told NAN in Abuja that the market’s…
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ABU RESEARCH INSTITUTE SETS 25,000 CHICKS TARGET
Nigeria’s poultry sector gets a boost as ABU’s research institute ramps up chick production for farmers nationwide. The National Animal Production Research Institute at Ahmadu Bello University, Zaria, has kicked off its 2025/2026 hatching cycle with a target of producing 25,000 chicks. According to the university’s Public Affairs Director, Auwalu Umar, the exercise began on…
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AFRICAN EXCHANGES STORM DANGOTE REFINERY AHEAD OF IPO
Africa’s biggest capital market players are already sizing up the Dangote Refinery as momentum builds toward one of the most anticipated listings on the Nigerian Exchange Group. NGX Chairman Umaru Kwairanga led representatives from major African stock exchanges on a strategic tour of the refinery — a key step ahead of its planned Initial Public…
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AFRICA PRUDENTIAL’S BIG YEAR: REVENUE JUMPS 38% TO N7.19BN
Despite inflation, FX volatility and rising costs, Africa Prudential Plc just posted a strong 2025 performance—boosting revenue, profits and dividends while doubling down on digital innovation. The company announced at its 13th virtual AGM that revenue surged 38.35%, rising from N5.19bn in 2024 to N7.19bn in 2025. Profit After Tax also climbed sharply to N2.72bn,…
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PROCUREMENT REFORMS KEY TO NIGERIA’S GROWTH — BPP BOSS
Nigeria could unlock trillions in savings and rebuild public trust — if procurement rules are followed strictly. The Bureau of Public Procurement is pushing for stricter compliance and major reforms to transform government spending into real national development. At a capacity-building event in Lagos, BPP Director-General Dr Adedokun Adebowale told procurement officers to lead by…
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POULTRY FARMERS PUT FG’S ‘MOORBETA’ CHICKEN ON TRIAL BEFORE FULL ADOPTION
Nigeria’s poultry farmers aren’t rushing into the new government-approved chicken breed—they want proof it can deliver profits first. The Lagos chapter of the Poultry Association of Nigeria says it will only embrace the Federal Government’s newly approved MoorBeta chicken breed if it proves to be highly productive and profitable. Chairman Mojeed Iyiola explained that while…
