Category: Business
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FG HAILS 40% GROWTH IN RAIL AND WATER TRANSPORTATION
Nigeria’s transport overhaul drives economic recovery and infrastructure boom. President Bola Tinubu praised remarkable progress in rail and water transport over the past 28 months, underscoring sustained investments in infrastructure. Rail grew by over 40% and water transport by 27%, with the Kano-Katsina-Maradi and Kaduna-Kano standard gauge rail projects nearing completion. Major highway projects and…
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U.S. DELAYS TRUMP’S PHARMA TARIFFS, SHIFTS FOCUS TO PRESSURING COMPANIES
Pharma import tariffs postponed as U.S. aims to push manufacturers to build locally or cut prices. The Trump administration has postponed the planned 100% tariffs on branded pharmaceutical imports set for October 1. Instead, officials will prepare tariffs targeting companies that refuse to relocate production to the U.S. or lower drug prices. Originally, firms could…
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IJAW NATIONAL CONGRESS DEMANDS NATIONAL DIALOGUE ON RESOURCE CONTROL
INC calls for justice, true federalism, and control over resources on Nigeria’s 65th Independence. The Ijaw National Congress (INC) has renewed its call for a sincere national dialogue to address core issues like resource control, true federalism, and the rights of Nigeria’s diverse nationalities. INC President Prof. Benjamin Okaba highlighted the Ijaws’ historical grievances—rich oil…
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DENMARK PLEDGES TO BOOST NIGERIA’S MARITIME SECTOR
Denmark strengthens partnership to turn Nigeria into Africa’s maritime hub. At the 10th Lagos International Maritime Week, Denmark’s Consul-General Mrs. Jette Bjerrum affirmed plans to deepen collaboration with Nigeria’s maritime industry. Highlighting Nigeria’s youthful workforce and strategic coastlines, she praised investments like the $1.2 billion by APM Terminals and recent MoU with Nigerian Ports Authority.…
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ABUJA TRADE FAIR VENDORS OPTIMISTIC DESPITE LOW TURNOUT
Sellers hopeful sales will pick up as Abuja International Trade Fair continues. Vendors at the Abuja International Trade Fair (AITF), themed “Sustainability, Consumption, Incentives and Taxation,” expressed optimism for better sales despite a slow start. Ghanaian trader Veronica Aboagye and Chinese participant Zhang Wei remain hopeful Nigerians will boost patronage soon. Local seller Joseph Asogwa…
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SON LAUNCHES ISO 37003:2025 TO FIGHT GLOBAL FRAUD
New fraud control standard aims to protect billions lost annually and boost trust. The Standards Organisation of Nigeria (SON) unveiled ISO 37003:2025, the world’s first international fraud control management system standard, addressing prevention, early detection, and response to fraud. SON Chairman Prof. Oserheimen Osunbor emphasized fraud’s rising global toll of $4.7 trillion annually, worsened by…
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FG BROKERS PEACE BETWEEN PENGASSAN AND DANGOTE REFINERY
Strike called off as workers to be redeployed with no pay loss; union rights respected. The Federal Government has resolved the dispute between PENGASSAN and Dangote Petroleum Refinery after a two-day conciliation meeting. The agreement includes immediate redeployment of over 800 affected workers into other Dangote subsidiaries without loss of pay. It was affirmed that…
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AFDB, PRIVATE SECTOR VOW TO DEEPEN PARTNERSHIP FOR AFRICA’S GROWTH
AfDB and business leaders commit to boosting investment, job creation, and economic transformation. African Development Bank President Dr. Sidi Ould Tah and top private sector reps from West, Central, and North Africa vowed stronger collaboration to accelerate the continent’s development. Speaking in Abidjan at the CGECI event, Tah emphasized the private sector’s central role in…
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AFDB CALLS ON AFRICA TO SEIZE TRADE DISRUPTION AS OPPORTUNITY
AfDB urges Africa to boost local industries, job creation, and climate-resilient growth. Dr. Sidi Ould Tah of the African Development Bank urged African nations at the CGECI Academy in Abidjan to turn global trade disruptions into a chance for economic transformation. He stressed stronger regional value chains, local raw material processing, and green industrialisation led…
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TINUBU DECLARES NIGERIA’S ECONOMIC TURNAROUND; WORST IS OVER
President Tinubu assures Nigerians that economic pains are easing and stability is returning. President Bola Tinubu marked Nigeria’s 65th Independence Day by declaring that the country has “turned the corner” toward prosperity. He acknowledged the tough reforms his administration undertook to rescue a near-collapsed economy and hailed Nigerians’ resilience. Tinubu praised bold policies like fuel…
