Category: Business
-
LAGOS PORTS BUZZ AS 17 SHIPS UNLOAD PETROLEUM AND CARGO
Lagos ports are alive with activity as dozens of ships discharge fuel and essential goods, keeping Nigeria’s supply chains moving. Lagos, Feb. 21, 2026 – The Nigerian Ports Authority (NPA) says 17 ships are currently offloading petroleum products and other cargo at Apapa, Lekki, and Tin-Can Island ports. The vessels are discharging aviation fuel, diesel,…
-
NIGERIA EYES FULL MEMBERSHIP IN GLOBAL PALM OIL BLOCS
Nigeria moves from observer to active player in the palm oil world, aiming to boost exports, food security, and farmer incomes. Abuja, Feb. 21, 2026 – The Federal Government says it plans to transition Nigeria from observer status to full membership of the Council of Palm Oil Producing Countries (CPOPC) by April. Sen. Abubakar Kyari,…
-
INNOSON EMPLOYS 8,000, LAUNCHES NEW TRACTOR PLANT
From cars to tractors, Innoson Group is scaling up, creating thousands of jobs and boosting local industry. Nnewi, Anambra – Innoson Group, led by Chief Innocent Chukwuma, currently employs 8,000 staff across Nigeria and plans to hire an additional 2,000 for its new factory, the company announced Saturday. Speaking during a tour with the Bank…
-
TINUBU’S TURKEY TRIP OPENS NEW ERA OF SECURITY, TRADE DEALS
Nigeria and Türkiye are stepping up their partnership—with fresh defence, trade and education agreements signalling stronger ties ahead. Turkish Ambassador to Nigeria, Mehmet Poroy, says President Bola Tinubu’s recent state visit to Ankara marked a major turning point in relations between both countries. Speaking in Abuja, Poroy told the News Agency of Nigeria that the…
-
WHY TURKIYE SEES NIGERIA AS A KEY STRATEGIC ALLY
Shared security threats, economic strength, and deep historical ties are driving Türkiye’s growing interest in Nigeria, its envoy reveals. Turkish Ambassador to Nigeria, Mehmet Poroy, says Türkiye views Nigeria as a crucial partner because both nations face similar terrorism threats and must work together to defeat them. Speaking to the News Agency of Nigeria in…
-
MINING PIT COLLAPSE KILLS THREE, INJURES FOUR IN EBONYI
Another tragedy hits Nigeria’s mining communities as illegal operations raise fresh safety concerns. The Ebonyi State Police Command has confirmed that three people died and four others were injured after a mining pit collapsed at Enyim Agalegu community in Ikwo Local Government Area. Police spokesman SP Joshua Ukandu said officers responded quickly after receiving reports…
-
SEC & NOA TEAM UP TO FIGHT PONZI SCHEMES
New partnership aims to protect Nigerians from investment fraud and shady schemes. The Securities and Exchange Commission (SEC) and the National Orientation Agency (NOA) are joining forces to launch a nationwide campaign against Ponzi schemes and other illegal investment operations. SEC DG Dr. Emomotimi Agama said the collaboration will leverage NOA’s nationwide network to educate…
-
NCS TO BREAK EXPORT BARRIERS FOR ONION FARMERS
Nigeria’s onion exporters get a boost! The Nigeria Customs Service (NCS) has pledged to remove non-tariff barriers and streamline operations to make exports easier for onion farmers and other traders. Comptroller-General Bashir Adeniyi assured stakeholders that customs will work with relevant agencies to create a facilitating trade environment. The move follows a visit by the…
-
NNPC POSTS N60.5TRN REVENUE, N5.7TRN PROFIT IN 2025
Despite operational hiccups, Nigeria’s oil giant stays profitable. The Nigerian National Petroleum Company Limited has announced N60.5 trillion in revenue and N5.76 trillion profit after tax for 2025, according to its December report. Average crude oil output was 1.54 million barrels per day, while natural gas production averaged 6,914 mmscfd, peaking mid-year at over 7,500…
-
SON SET TO CERTIFY ‘ENUGU RICE’ AS WOMEN FARMERS SCALE UP PRODUCTION
With modern mills, solar-powered boreholes and strong cooperative backing, Enugu rice is edging closer to national certification. The Standards Organisation of Nigeria (SON) has expressed satisfaction with rice processing centres set up under the International Fund for Agricultural Development–Value Chain Development Programme (IFAD-VCDP) in Enugu State — paving the way for possible certification. During inspections…
