Category: Business
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NIGERIA’S LOYALTY TO ONE-CHINA PRINCIPLE DRIVES STRONGER BILATERAL TIES — CHINESE AMBASSADOR
China and Nigeria reaffirm shared history and commitment to peace, unity, and global cooperation at WWII victory symposium. Ambassador Yu Dunhai praised Nigeria’s steadfast support for the One-China policy as key to deepening China-Nigeria relations. Speaking at a historic commemoration in Abuja, he highlighted the post-war order’s role in Taiwan’s reunification and the joint responsibility…
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NIIRA 2025 TO TRANSFORM NIGERIAN INSURANCE, SAYS NSIA CEO
New Insurance Reform Act set to boost trust, efficiency, and investment in Nigeria’s insurance sector. Moruf Apampa, CEO of NSIA Insurance, hails the Nigerian Insurance Industry Reform Act (NIIRA 2025) as a game-changer that strengthens consumer protection with a Policyholder Protection Fund and enforces timely claims settlement. The law aims to attract investments and drive…
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NIPOST ANNOUNCES $80 PREPAID CUSTOMS DUTY ON ALL SHIPMENTS TO US
Sending parcels from Nigeria to the US just got costlier—NIPOST enforces new $80 customs charge amid global policy change. Nigerian Postal Service declared that from August 29, all non-document postal items headed to the US will incur an $80 prepaid customs duty, following a new U.S. Executive Order ending duty-free exemptions. The fee must be…
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SPOTIFY LAUNCHES GLOBAL AFROBEATS PLAYLIST AS GEN Z FUELS GENRE’S EXPLOSIVE GROWTH
Afrobeats goes global! Spotify celebrates the genre’s skyrocketing streams, especially in Asia and Latin America, driven by passionate fans and Gen Z playlist creators. Spotify’s new Global Afrobeats Playlist marks Afrobeats’ rise from clubs to charts worldwide, influencing culture beyond music. Countries like Indonesia (+4,530%), India (+1,650%), and the Philippines (+1,492%) lead massive streaming growth.…
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T2 (9MOBILE) TEAMS UP WITH HUAWEI FOR MULTI-MILLION DOLLAR NETWORK UPGRADE
Rebranded T2 partners with Huawei to modernise its core network, aiming to reclaim its spot as a telecom leader in Nigeria. T2 CEO Obafemi Banigbe announced a major deal with Huawei to enhance network capacity, security, and resilience—key steps in a four-phase plan to stabilise, modernise, transform, and grow. Huawei’s global ICT expertise will future-proof…
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AKURE MARKETS AND SHOPS TO CLOSE FRIDAY FOR AMOLE FESTIVAL
The Deji of Akure calls for a city-wide market shutdown to honour the historic Amole Festival tradition. Oba Aladetoyinbo Aladelusi has ordered all markets, shops, and stalls in Akure to close this Friday as part of the Amole Festival rites. Only pharmacies and patent medicine stores will remain open. While trading halts, residents can move…
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LEKKI FREE TRADE ZONE GETS TOP-LEVEL TLC AS HOUSING MINISTER DANGIWA LEADS INSPECTION
When the big wigs come calling, you know something exciting is brewing! Housing Minister Ahmed Dangiwa took a hands-on tour of Lekki and Lagos Free Trade Zones yesterday, sizing up the industrial heartbeat of Nigeria’s growth hubs. On Thursday, August 28, 2025, a star-studded entourage led by Minister of Housing and Urban Development, Mr. Ahmed…
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BEIJING UNVEILS MASSIVE “WELL TOWN” OUTLET COMPLEX NEAR UNIVERSAL RESORT
Beijing’s newest mega commercial hub promises shopping, entertainment, and luxury stays—all set to open by late 2025. The “Well Town” project, Beijing’s largest commercial outlet, is nearing completion with a $1.4 billion investment. Spanning 500,000 sqm, it features the Nous Land Hotel with 300+ rooms and rooftop infinity pool overlooking Universal Beijing Resort. The Wangfujing…
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KEFFI RESIDENTS URGE FED GOVT TO LAUNCH ABUJA-KEFFI TRAIN SERVICE
With daily traffic jams choking the Abuja-Keffi road, residents want a train link like Abuja-Kaduna to ease travel and boost safety. Residents of Keffi, Nasarawa, are calling on the Federal Government to establish a train service connecting Abuja to Keffi. They believe this will offer a reliable alternative to road travel, reduce traffic gridlocks, and…
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US TO SHORTEN VISAS FOR INTERNATIONAL STUDENTS AND JOURNALISTS
New US rules aim to curb long-term stays for foreign students and media pros—but critics warn of disruption and talent drain. The Department of Homeland Security plans to limit F visas for international students to a maximum of four years, down from the full length of academic programs that can exceed five years. Journalists’ visas…
