Category: Business
-
FUEL PRICE ALERT: EXPERTS WARN 15% IMPORT DUTY ON PETROL AND DIESEL MAY PUSH PRICES HIGHER
Energy experts are raising alarms over the Federal Government’s recent approval of a 15 percent import duty on petrol and diesel, cautioning that consumers could soon face a fuel price hike of up to N150 per litre or more. Dr. Ayodele Oni from Bloomfield Law Practice highlighted that while the policy aims to protect and…
-
SOLAR-POWERED MOBILE “BREAD BOX” BAKERY LAUNCHED TO CREATE JOBS AND BOOST COMMUNITIES
Engineer and entrepreneur Mr. Henry Dakpokpo has unveiled the innovative “Bread Box” mobile bakery in Abuja’s Apo area—a solar-powered, containerized bakery designed to tackle unemployment and make affordable bread accessible nationwide. Speaking to NAN, Dakpokpo explained that high rent and logistics costs often make bread expensive, so the solar-powered movable bakery cuts costs while providing…
-
NIGERIA’S PETROLEUM MINISTRY, NUPRC, NNPC OPPOSE BILL TO CREATE NEW DECOMMISSIONING COMMISSION
The Ministry of Petroleum Resources, alongside the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Nigerian National Petroleum Company Limited (NNPC Ltd.), have jointly opposed the proposed National Commission for the Decommissioning of Oil and Gas Installations (NC-DOGI) Bill, 2024. Their stance was announced during a public hearing held by the House of Representatives Committee on…
-
OYO STATE HANDS OVER 90 HECTARES FOR MONIYA INLAND DRY PORT TO BOOST ECONOMY AND DECONGEST LAGOS PORTS
The Oyo State Government has officially handed over 90 hectares of land at Moniya, Ibadan, to the Federal Government for constructing the proposed Moniya Inland Dry Port. The handover ceremony took place on Friday with the state Deputy Governor, Mr. Bayo Lawal, passing the land to the Ministry of Marine and Blue Economy’s Permanent Secretary,…
-
NAIRA SHINES BRIGHTER, GAINING N15 AS IT CLOSES STRONGER AT 1,421.73 TO DOLLAR
The Naira extended its winning streak on Friday, ending the trading week stronger at N1,421.73 per dollar in the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). This marks a 1.07% or N15.23 appreciation from N1,436.97 recorded earlier in the week, continuing a steady upward trend that began Monday.…
-
CHINA REAFFIRMS STRONG PARTNERSHIP WITH NIGERIA UNDER NEW 15TH FIVE-YEAR PLAN
China is set to deepen ties with Nigeria as it embarks on a new development chapter guided by its 15th Five-Year Plan. At a dialogue co-hosted by China Media Group and the Chinese Consulate in Lagos, officials highlighted the theme “Innovation, Openness, Shared Development,” reflecting mutual goals for expanded economic, cultural, and tech cooperation. Chinese…
-
NIGERIAN STOCK MARKET BOUNCES BACK WITH N285 BILLION GAIN ON FRIDAY
The Nigerian stock market ended a four-day losing streak on a high note Friday, adding N285 billion to investors’ portfolios. Renewed interest in key stocks like Julius Berger, Learn Africa, Cornerstone Insurance, Aso Savings, and Ikeja Hotel boosted market sentiment and pushed the All-Share Index up by 449.80 points to close at 154,126.46. The market…
-
NEW NIGERIAN TAX REGIME TO LIGHTEN BURDEN ON YOUTHS AND SMALL BUSINESSES
Good news for Nigerians: starting January 1, 2026, the new tax system introduced by President Bola Tinubu’s administration is set to ease the tax burden on the majority of people, especially the youth and small business owners. Dr. Tope Fasua, the President’s Economic Adviser, revealed during the Youth National Discourse in Abuja that those earning…
-
JOCOFFEST TO TRAIN 200 PLATEAU YOUTHS FOR EMPOWERMENT AND SELF-RELIANCE
The Jos Community Film Festival (JOCOFFEST) is stepping up big for Plateau youths, selecting 200 participants for varied training and empowerment programs aimed at helping them build sustainable livelihoods. Prof. Eddie Ossai, the festival’s founder and a Plateau State University lecturer, shared that the training will happen during the festival from November 5 to 7…
-
GERMAN CHAMBER REAFFIRMS SUPPORT FOR NIGERIA’S VOCATIONAL TRAINING AND ENTREPRENEURSHIP
The Chamber of Industry and Commerce (IHK) Giessen-Friedberg, Germany, has renewed its commitment to boosting vocational education, entrepreneurship, and institutional growth in Nigeria. Dr. Matthias Leder, the IHK’s CEO, shared this during a virtual media conference highlighting two decades of strong Nigeria-Germany collaboration. Since 2005, the partnership has trained over 600 Nigerians, advancing youth skills,…
