Category: Business
-
NGX ALL-SHARE INDEX RISES 0.92%, INVESTORS GAIN N822 BILLION FOR THE WEEK
Positive market momentum with steady gains despite mixed sector performances. The Nigerian Exchange (NGX) All-Share Index closed the week up 0.92% at 141,845.35, boosting market capitalization to N89.744 trillion. Investors gained N822 billion overall, led by strong activity in Financial Services, ICT, and Services industries. Top gainers included Guinness Nigeria and Multiverse Mining, while Omatek…
-
KWARA GOVT COMMITS TO INCLUSIVE AGRICULTURE FOR PERSONS WITH DISABILITIES
Empowering PWDs with equal access to agricultural programmes and leadership roles. Kwara’s Agriculture Commissioner, Dr. Afees Abolore, reaffirmed support for People Living with Disabilities, ensuring their full participation in input distribution, capacity building, and value chains. JONAPWD praised Governor AbdulRazaq’s inclusive policies, highlighting PWD appointments in key government roles and active contributions to rural development.
-
EUROPEAN COMMISSION MOVES TO BAN RUSSIAN LNG IMPORTS BY EARLY 2027
EU ramps up pressure on Russia by cutting fossil fuel revenues amid ongoing conflict. The European Commission plans to advance the ban on Russian liquefied natural gas imports to early 2027 as part of its 19th sanctions package. President Ursula von der Leyen highlighted efforts to diversify energy sources and reduce dependence on Russian fossil…
-
NIGERIA’S 2025 TAX REFORM CALLED MOST AUDACIOUS OVERHAUL BY FORMER SPEAKER
Bold fiscal changes aim to rescue economy, unify exchange rates, and modernise tax system. Ex-Speaker Yakubu Dogara praised President Tinubu’s 2025 tax reforms as Nigeria’s biggest fiscal overhaul, addressing decades of complex tax laws and economic instability. The reforms seek to broaden the tax base, improve revenue, and promote fairness, with media and parliament playing…
-
BREXIT BOOSTS UK-NIGERIA TIES, NIGERIA TOP BENEFICIARY SAYS UK HIGH COMMISSIONER
Post-Brexit policies fuel Nigerian diaspora growth and stronger trade links with the UK. British High Commissioner Richard Montgomery revealed Nigeria as a top Brexit beneficiary, with Nigerians in the UK nearly doubling from 300,000 in 2021 to 550,000 in 2025 thanks to relaxed visa rules. Brexit has also allowed the UK to realign trade deals…
-
UK-NIGERIA TRADE HITS RECORD £7.9 BILLION WITH ENHANCED PARTNERSHIP
New trade pact boosts collaboration in tech, finance, agriculture, and education for mutual growth. British High Commissioner Richard Montgomery announced UK-Nigeria trade has surged to £7.9 billion ($16 trillion Naira), driven by the Enhanced Trade and Investment Partnership (ETIP). The deal removes barriers and targets sectors like fintech, AI, agriculture, and higher education to create…
-
NIGERIA TO RECEIVE FIRST DRY LEASE AIRCRAFT IN 20 YEARS
Aviation confidence returns with dry leases, new maintenance hub, and expanded routes for Air Peace. Minister Festus Keyamo (SAN) announced Nigeria’s first dry lease aircraft delivery on Oct. 6 via Air Peace, marking a shift from costly wet leases after Nigeria’s removal from the global blacklist. He highlighted the new Air Peace MRO facility at…
-
CALABAR CARNIVAL CHAIR URGES BOOST IN PRIVATE SECTOR SUPPORT FOR FESTIVAL
Sustaining Africa’s biggest street party needs stronger business backing and digital innovation. Gabe Onah, Chairman of Carnival Calabar, called for increased private sector investment to sustain the festival beyond government support. Highlighting community spirit and natural beauty as key strengths, Onah also praised Akwaaba African Travel Market for fostering collaboration in tourism. He stressed embracing…
-
NIGERIA CAN LEARN FROM LATIN AMERICA TO BALANCE U.S. AND CHINA RIVALRY
Navigating superpower competition demands strategic diplomacy, transparency, and strong institutions. As U.S.-China tensions rise, Nigeria faces a test like Latin America’s Brazil, Mexico, and Argentina—balancing relations to benefit both without losing sovereignty. Experts emphasize Nigeria must pursue disciplined borrowing, demand local benefits in foreign projects, diversify exports beyond raw commodities, and strengthen institutions. Transparency and…
-
AKWAABA AFRICAN TRAVEL MARKET 2025 OPENS IN LAGOS WITH BIGGEST LINEUP YET
Africa’s premier travel expo showcases top airlines, tourism boards, and cultural feasts, boosting intra-continental connections. The 21st Akwaaba African Travel Market launched in Lagos, drawing 3,000+ participants including airlines, travel agents, and chefs competing in the popular “Jollof Rice War.” Organizers highlighted record attendance and strong aviation presence, while Ekiti State and Governor Abiodun Oyebanji…
