Category: Business
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SANWO-OLU UNVEILS AGEGE FRESH FOOD HUB, TARGETS STRONGER FOOD SYSTEM
Lagos State Governor, Babajide Sanwo-Olu, has inaugurated the Agege Fresh Food Hub as part of efforts to strengthen food security and improve the distribution of food across the state. Sanwo-Olu said Lagos’ food economy was valued at more than 1.6 trillion naira, while over 75 per cent of food consumed in the state was produced…
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INDIA BACKS STRONGER NIGERIA ROLE IN BRICS
India has called for a stronger role for Nigeria in BRICS, saying the country’s participation would boost Africa’s representation and strengthen the voice of the Global South in global economic affairs. The Indian High Commissioner to Nigeria, Amb. Abhishek Singh, made the call on Wednesday during a media engagement in Abuja. He said Nigeria’s position…
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NGX SEEKS STRONGER PARTNERSHIP WITH HONG KONG EXCHANGE
The Nigerian Exchange Group (NGX Group) has called for stronger institutional cooperation with Hong Kong Exchanges and Clearing (HKEX) to deepen capital market linkages and investment flows between Africa and Asia. NGX Group Chairman, Dr Umaru Kwairanga, made the call after meeting HKEX officials in Hong Kong. He described the Hong Kong exchange as a…
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NIGERIA EXCEEDS OPEC QUOTA FOR THIRD CONSECUTIVE MONTH
Nigeria exceeded its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota for the third consecutive month in July 2026, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The commission said in its July production report that Nigeria produced an average of 1.505 million barrels of crude oil per day, alongside 0.17 million…
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NIGERIAN CREATIVES DEMAND STRONGER STRUCTURES, FUNDING FOR GLOBAL GROWTH
Nigerian creatives have called for stronger industry structures, better funding and skills development to transform the country’s abundant creative talent into sustainable businesses and promote Nigerian stories globally. The call was made at the QEDNG Creative Powerhouse Summit 2.0 in Lagos, themed “Creativity, Culture and Nigeria’s Next Chapter.” Convener Olumide Iyanda said many talented Nigerians…
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NIGERIA PRODUCES 1 MILLION TONNES OF MANGOES ANNUALLY, RANKS 11TH GLOBALLY — NAMPPMAN
The National President of the National Association of Mango Producers, Processors and Marketers of Nigeria ( NAMPPMAN), Dr. Garba Kangiwa, said Nigeria produces about one million metric tonnes of mangoes annually, ranking 11th globally. According to him, with stronger government support and modern farming practices, Nigeria had the potential to become one of the world’s…
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ONION DISPUTE: NIGERIAN TRADERS SUSPEND EXPORTS TO GHANA, SEEK ECOWAS MEDIATION
The National Onion Producers and Marketers Association has called on the Economic Community of West African States (ECOWAS) to urgently intervene in the lingering trade dispute between Nigeria and Ghana. The association’s National President, Alhaji Aliyu Maitasamu, disclosed this on Sunday in Sokoto, saying Nigerian onion traders had suspended exports to Ghana after exhausting efforts…
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AFRI INVOICE TO RECRUIT 100 PROFESSIONALS FOR E-INVOICING SUPPORT
Afri Invoice, an accredited e-invoicing service provider, says it will recruit more than 100 professionals across Nigeria to support businesses transitioning to the mandatory e-invoicing system of the Nigeria Revenue Service (NRS). The company’s founder and Chief Executive Officer, Mark Odenore, said the recruitment would strengthen its capacity to provide implementation, technical support and compliance…
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FIRST LADY EMPOWERS 1,000 PETTY TRADERS IN ILE-IFE WITH 50 MILLION NAIRA
The First Lady, Senator Oluremi Tinubu, on Wednesday July 29, disbursed 50 million naira to 1,000 petty traders in Ile-Ife, Osun, under the Renewed Hope Initiative. The empowerment programme, held at Kensington Hall, Ooni’s Palace, Ile-Ife, provided 50,000 naira each to the beneficiaries to support and expand their businesses. Represented by Alhaja Kudirat Fakokunde, the…
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UEFA OPPOSES FIFA’S $20BN COMMERCIAL VENTURE, REJECTS STAKE SALE PLAN
UEFA has rejected FIFA’s proposal to sell minority stakes in a newly created commercial subsidiary, FIFA Forward Enterprise (FFE), warning that football’s governance should not be treated as a commercial asset. FIFA said the new company, valued at $20 billion, would oversee its commercial and event operations while the governing body retains control of competitions,…
