Category: Business
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NAVY CHIEF REAFFIRMS FOCUS ON MANPOWER DEVELOPMENT FOR SAFE NAVIGATION AND BLUE ECONOMY GROWTH
The Chief of Naval Staff has reaffirmed the importance of manpower development in ensuring safe navigation and supporting Nigeria’s blue economy. He made this known during a courtesy visit by the Hydrographer of the Federation to the Naval Headquarters in Abuja. Discussions focused on strengthening collaboration, capacity building, and improving hydrographic operations. The Naval Chief…
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TINUBU PUSHES FOR STRONGER AFRICAN ECONOMIC INTEGRATION AT NAIROBI SUMMIT
President Bola Tinubu has called for stronger African economic integration and fairer global financial systems during the Africa Forward Summit in Nairobi, Kenya. The summit, co-hosted by French President Emmanuel Macron and Kenyan President William Ruto, brought together leaders from more than 30 countries to discuss Africa’s economic transformation and development priorities. Speaking at the…
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FG BEGINS SOUTH-WEST TOUR AHEAD OF COOPERATIVE BANK LAUNCH
The Federal Government has launched a South-West sensitisation and advocacy tour ahead of the proposed Cooperative Bank of Nigeria rollout. The initiative, led by the Federal Ministry of Agriculture and Food Security, began in Lagos and focuses on cooperative sector reforms, share capital mobilisation and digitalisation. Officials say the planned Cooperative Bank is expected to…
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CHINESE-NIGERIAN PARTNERSHIP TARGETS ELECTRIC VEHICLE PRODUCTION IN NIGERIA
A new partnership between China’s Launch Design Shanghai and Hybrid Motors Nigeria is set to boost electric vehicle manufacturing and assembly in Nigeria. The companies say production facilities will be established in Lagos and Abuja to support the rollout of “Acely,” an indigenous electric vehicle brand designed for Nigerian roads and consumers. According to the…
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NIGERIA’S PORTS RECORD STRONGER CARGO, VESSEL TRAFFIC IN Q1 2026
Nigeria’s maritime sector recorded notable growth in the first quarter of 2026, with the Nigerian Ports Authority (NPA) reporting increases in cargo movement, vessel traffic and port activities. According to the NPA, ocean-going vessel traffic rose by 19.5% to 46.75 million Gross Registered Tonnage, while total cargo throughput increased by 11.6% to 32.38 million metric…
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TINUBU TAKES REFORMS GLOBAL: PRESIDENT PITCHES NIGERIA TO INVESTORS IN PARIS
President Bola Ahmed Tinubu has taken Nigeria’s economic reform drive to Paris, assuring top investors that his policies are built on stability, transparency, and long-term growth. At a high-level meeting with global firms like Citibank and Amundi, Tinubu said recent reforms are aimed at fixing structural issues and delivering real benefits for Nigerians. Finance Minister…
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STOCK MARKET SURGE: INVESTORS CASH OUT N26TRN AS OIL, DIVIDENDS DRIVE RALLY
Nigeria’s equities market delivered a blockbuster April, with investors gaining a massive ₦26.2 trillion as bullish momentum swept through the market. Market capitalisation jumped from ₦129.8 trillion to ₦155.9 trillion up over 20%—while the All-Share Index surged to 242,277 points, reflecting strong investor confidence. Analysts say the rally was powered by rising global oil prices,…
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PRESSCO POSTS BIG GAINS: PROFIT SOARS 57% IN 2025
Presco Plc has reported a 57.1% jump in profit before tax to ₦177.9 billion for 2025, showing strong momentum in Nigeria’s edible oil sector. Profit after tax rose to ₦121.5 billion, while revenue surged nearly 60% to ₦330.6 billion, driven by improved efficiency and market demand. Gross and operating profits also recorded impressive growth of…
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IMO SUMMIT: NIGERIA DEMANDS FAIR PLAY IN NET-ZERO SHIPPING PUSH
At the International Maritime Organization summit in London, Adegboyega Oyetola made it clear: the global shift to net-zero shipping must be fair and inclusive. He backed decarbonisation but warned that countries like Nigeria shouldn’t be weighed down by policies that ignore their economic and infrastructure challenges. Oyetola stressed that climate action must go hand-in-hand with…
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BENUE’S “AGRIC GOLDMINE” + POULTRY WARNING: EXPERTS SOUND THE ALARM
A former president of the Nigerian Veterinary Medical Association, Charles Ibe, has urged Benue State to fully harness its rich agriculture and livestock sector, describing it as a “goldmine” capable of reducing dependence on federal allocations. Speaking in Makurdi, he highlighted crops like soybeans, cassava, millet, and sorghum as globally competitive assets, stressing that strong…
