Category: Business
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LEKKI DEEP SEA PORT HITS 50% CAPACITY IN CONTAINER BOOM
Nigeria’s flagship Lekki Deep Sea Port is firing on all cylinders, reaching half its designed operational capacity since September 2025 with surging 20-foot equivalent units (TEUs) monthly—shipping lines and cargo bosses piling in thanks to slick ops at the nation’s first such mega-hub. MD Wang Qiang shared the milestone at Tuesday’s Lagos media parley, spotlighting…
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NADDC SETS AUGUST 2026 DEADLINE FOR STRICT NEW VEHICLE STANDARDS
Nigeria’s auto watchdog NADDC is cranking up the heat on road safety, rolling out SON/NADDC Vehicle Capacity standards for all new cars hitting our shores by August or September 2026—while plotting to certify used imports too, ditching the old anomaly where tokunbo rides skip the checks new ones face. DG Joseph Osanipin spilled the beans…
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CZECH AMBASSADOR BOOSTS NIGERIA TIES VIA NEW TRADE CHAMBER
Czech Republic’s envoy to Nigeria, Tomáš Výprachtický, is firing up deeper economic collab across sectors, hailing Nigeria’s vast resources, tech savvy and manpower as perfect matches for Prague’s know-how at the glitzy launch of the Nigeria-Central Europe Chamber of Commerce (NCECC) in Abuja. Speaking at the Sunday dinner backed by the Regional Trade Institute and…
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TTP MOVES 900K+ TRUCKS TO NIGERIA PORTS IN 2025 – TECH REVOLUTION AHEAD
Trucks Transit Parks (TTP) MD Jama Onwubuariri revealed a massive win at a Lagos roundtable with Shipping Correspondents Association of Nigeria (SCAN): over 900,000 trucks zoomed into Nigerian ports from Jan to Nov 28, thanks to tech-savvy traffic and cargo systems slashing gridlock and boosting efficiency. Looking to 2026, TTP rolls out game-changers like Electronic…
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NIGERIA STOCK MARKET GOES LIVE WITH T+2 SETTLEMENT CYCLE
Nigeria’s capital market just leveled up, ditching the old T+3 for a snappier T+2 settlement meaning trades now clear in just two business days, slashing risks and boosting efficiency. CSCS Chairman Temi Popoola called it a historic win that deepens liquidity, amps investor trust, and aligns with global standards to chase that $1 trillion economy…
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NIGERIA’S $60B LOGISTICS GOLDMINE: TIME TO UNLOCK JOBS & WEALTH
Leaders and policymakers at the CLMI International Conference in Lagos slammed the brakes on Nigeria’s sleepy logistics sector—worth N3.5 trillion ($60B)—urging the Federal Government to supercharge it for massive job creation and economic firepower. Prof. Simon Emeje, CLMI Chairman, spotlighted its power to fund half the national budget if regulated right, blasting collapsed firms from…
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NIGERIA’S TOURISM CAN SOAR WITH TRADITIONAL TEXTILES
At a lively Lagos symposium, textile and fashion experts revealed a golden ticket for Nigeria’s tourism: embracing traditional fabrics, investing in local artisans, and boosting production. Hosted by Wear Nigeria, the event spotlighted how rich textile heritage like Aso-oke, Adire, and Ankara isn’t just fashion—it’s a cultural tourism magnet waiting to explode. Prof. Pamela Cyril-Egware…
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NRC AND SOUTH WEST DEVELOPMENT COMMISSION TO REVIVE RAILWAYS FOR ECONOMIC GROWTH
The Nigerian Railway Corporation (NRC) is set to sign a Memorandum of Understanding (MoU) with the South West Development Commission (SWDC) to reactivate old, unused railway routes in the South West geopolitical zone. NRC Managing Director Dr Kayode Opeifa said this partnership aims to boost regional connectivity and stimulate economic development. Dr Opeifa welcomed SWDC’s…
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VICE-PRESIDENT KASHIM SHETTIMA DEPARTS JOHANNESBURG FOR LUANDA TO REPRESENT PRESIDENT TINUBU AT AU-EU SUMMIT
Vice-President Kashim Shettima has left Johannesburg, South Africa, heading to Luanda, Angola, to represent President Bola Ahmed Tinubu at the 7th African Union-European Union (AU-EU) Summit. This follows his attendance at the 20th G20 Leaders’ Summit in Johannesburg, where he stood in for the President during key discussions on global economic reforms, critical minerals governance,…
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FEDERAL GOVERNMENT URGED TO SECURE GLOBAL RECOGNITION FOR NIGERIA’S ICONIC ASO OKE FABRIC
Stakeholders in Nigeria’s cultural and fashion scenes are pressing the Federal Government to officially protect Aso Oke the revered indigenous fabric insisting its heritage and name must remain distinctly Nigerian. At the grand finale of Global Entrepreneurship Week in Ilorin, Dr. Yemisi Adeyeye of the Life Fount Foundation stressed the urgency of registering Aso Oke…
