Category: Business
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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…
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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…
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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…
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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…
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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…
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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…
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NIGERIA APPEALS FOR SUPPORT IN IMO COUNCIL BID, CITES STRONG MARITIME LEADERSHIP
Nigeria seeks IMO Council seat to sustain regional maritime security and global trade role. Minister Adegboyega Oyetola urged backing for Nigeria’s IMO Council Category-C bid, highlighting the country’s vital ports and zero piracy record under the Deep Blue Project. He emphasized Nigeria’s commitment to inclusive maritime governance, blue economy reforms, and regional collaboration, portraying Nigeria…
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STANLEY CUPS TO LABUBU TOYS, NIGERIANS FACE FINANCIAL PRESSURE TO KEEP UP WITH LUXURY TRENDS.
Abuja residents express concern over the high costs of trendy luxury items like expensive nail art, Labubu collectibles, and Stanley Cups, which have become status symbols fueled by celebrity influence on social media. Many youths overspend, some resorting to risky means, leading to debt and financial stress. Experts advise prioritizing financial responsibility over peer pressure…
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DANGOTE CEMENT PAYS N3.3 TRILLION IN DIVIDENDS OVER 15 YEARS, PLANS BIGGER EXPANSION
Dangote Cement celebrates strong shareholder returns and ambitious growth to boost Africa’s self-sufficiency. Dangote Cement announced it has paid N3.3 trillion in dividends over 15 years, assuring sustained returns under new Chairman Emmanuel Ikazoboh. CEO Arvind Pathak revealed expansion plans to reach 66.4Mta capacity by 2030 with projects in Côte d’Ivoire, Itori, and Ethiopia, backed…
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NIGER, RUSSIA DEEPEN AGRICULTURE AND MINING TIES WITH BUSINESS DELEGATION VISIT
Promising partnerships take root as Russian delegation explores investment opportunities in Niger State. Governor Mohammed Bago welcomed a Russian business delegation from Sber Bank and strategic partners to Minna, aiming to boost cooperation in agriculture and mining after a recent MoU. The visit underscores fruitful outcomes from Bago’s Russia trip, with plans to expand into…
