Category: Business
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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…
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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…
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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…
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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…
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NIGERIA–CHINA @55: STAKEHOLDERS PUSH FOR INDUSTRIAL GROWTH, ZERO-TARIFF GAINS
As both nations mark 55 years of diplomatic ties, leaders say the next phase must move beyond trade to real industrialisation and value addition. Stakeholders in Abuja have called for a deeper, more strategic Nigeria–China partnership anchored on industrialisation, expanded market access and stronger Global South cooperation. The call came at a high-level dialogue marking…
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NIGERIA MUST REFORM AIR CARGO TO MAXIMISE AfCFTA GAINS – SEREC
Experts warn fragmented air cargo policies could cost Nigeria its competitive edge under Africa’s free trade pact. The Sea Empowerment Research Centre (SEREC) says Nigeria’s air cargo system must be overhauled to boost AfCFTA trade, national competitiveness, and economic growth. In a policy brief, Dr. Eugene Nweke highlighted that air cargo is vital for high-value,…
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LFZ GREEN CHANNEL TO BOOST PORT EFFICIENCY, CUT BUSINESS COSTS – CUSTOMS
New customs corridor promises faster cargo clearance, more jobs, and stronger port competitiveness. The Lagos Free Zone (LFZ) Green Channel, inaugurated on Wednesday at Ibeji-Lekki, is set to transform port operations in Nigeria. Comptroller-General of Customs, Bashir Adeniyi, said the initiative will make Nigerian ports more competitive, reduce business costs, and improve revenue collection. The…
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NIW PUSHES TO REBRAND WELDING AS A PRESTIGIOUS PROFESSION
From school dropout stigma to skilled career opportunity. The National Institute of Welding (NIW) is calling for more public awareness to reposition welding as a respected and vital profession in Nigeria. NIW President, Dr. Solomon Edebiri, said welding has long been misunderstood as a trade for school dropouts, but efforts with government agencies and stakeholders…
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WELDING POWERS NIGERIA’S INFRASTRUCTURE AND INDUSTRIAL GROWTH – NIW
From roads and refineries to telecom masts and farms, experts say welding is the backbone of development. The National Institute of Welding (NIW) has called on the Federal Government to step up investment in welding technology and skills, describing the profession as critical to Nigeria’s infrastructure and industrial expansion. Speaking in Lagos, NIW President Dr.…
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INDIGENOUS SUPERMARKETS POWER NIGERIA’S ECONOMIC INDEPENDENCE – LCCI
As Nigerian-owned retail chains expand, business leaders say local investment is reclaiming the market, creating jobs and boosting inclusive growth. President of the Lagos Chamber of Commerce and Industry (LCCI), Leye Kupoluyi, says the rise of indigenous supermarkets is key to Nigeria’s economic independence. Speaking at the opening of The Mart Supermarket, Isheri branch, he…
