Experts Warn of Airport Vulnerabilities Amid Terror Alert
Security experts highlight critical gaps in Nigeria's airport security, citing perimeter fencing issues and intelligence failures, as the government works to mitigate risks and boost tourism.
Category : Business
Minister Tasks Flour Mills on 300,000MT Sugar Production Goal
Minister of State for Industry, John Owan Enoh, has directed Flour Mills of Nigeria PLC to expand its Golden Sugar Company's annual output to 300,000 metric tonnes by 2030, as part of Nigeria's push for self-sufficiency in sugar production.
Workers See Lower Tax Deductions, Says CITN President
The Chartered Institute of Taxation of Nigeria (CITN) states that workers are reporting reduced monthly tax deductions since the new tax laws took effect in January. President Innocent Ohagwa highlights harmonization of state taxes and elimination of nuis
NAICOM Calls for Compliance to Sustain ECOWAS Brown Card Scheme
The National Insurance Commission warns that delays in claims payment and weak enforcement are eroding confidence in the regional ECOWAS Brown Card Insurance Scheme, calling for strict adherence to guidelines.
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Energy, Transport Costs Drive Office Space Demand Mismatch
Rising energy and transportation costs in Nigeria, especially in Lagos, are forcing businesses to adopt remote and hybrid work models, leading to a mismatch in office space demand and supply, with vacancy rates increasing.
Revive Ajaokuta Steel to Boost GDP by $115b, Save $9.1b Forex
Prof. Banji Oyelaran-Oyeyinka calls for urgent action on Ajaokuta Steel, highlighting its potential to contribute $115 billion to GDP, conserve $9.1 billion in foreign exchange, and create 70,000 jobs.
NIESV Charts Real Estate Strategy for Infrastructure Corridors
Estate surveyors and valuers from NIESV have detailed strategies to align real estate development with infrastructure investments, emphasizing data-driven planning and sustainable urban growth in Nigeria.
AccessARM Pensions to Meet Recapitalisation Ahead of Deadline
AccessARM Pensions Limited's Acting CEO, Abimbola Sulaiman, assures the company will meet pension industry recapitalisation requirements early, using internal resources, as discussed at the Pension Conference 2026.
World Bank's Fuel Import Advice for Nigeria Sparks Debate
The World Bank's recommendation for Nigeria to resume petrol imports has ignited controversy, with critics arguing it conflicts with national laws and undermines domestic refining investments like Dangote Refinery.
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Zulum Launches 500 Electric Tricycles for Jobs, Clean Transport
Borno State Governor Babagana Umara Zulum has distributed 500 electric tricycles worth N1 billion to promote cleaner transportation and create employment for youth in Maiduguri and Jere.
Nigeria's Terms of Trade Up 0.01% in Q4 2025
Nigeria's all-commodity terms of trade increased by 0.01% in Q4 2025, with exports rising 0.12%. The NBS report details regional price changes and imports from France.
Oil and Gas Stocks Gain 17.6%, Market Cap Rises N8.7 Trillion
The Nigerian Exchange Limited saw the oil and gas sector lead gains with a 17.59% rise, driven by Aradel, Japaul Gold, and Seplat. Market capitalization increased by N8.67 trillion, with the all-share index up 6.56%.
Customs Celebrates First Female Pilot, Nafisat Balogun
The Nigeria Customs Service celebrates Superintendent Nafisat Balogun as the first female officer to earn a commercial multi-engine pilot license in the U.S., marking a breakthrough for gender inclusion in aviation.
Functional De-Dollarisation: Nigeria's Strategic Vulnerability Mitigation
This article explores Nigeria's 'Naira-for-Crude' policy, a key pillar of economic reform aimed at reducing dollar dependency for fuel imports. It analyzes the mechanics, risks, and implications of this functional de-dollarisation strategy.
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Stanbic IBTC Leads as Platinum Sponsor at GTR West Africa 2026
Stanbic IBTC Bank has been confirmed as the platinum sponsor for the Global Trade Review West Africa 2026 conference in Lagos, bringing together over 400 trade finance professionals to discuss regional growth.
MM2 Airport Parking Rate Jumps to N50,000, Causes Public Fury
The parking rate at Murtala Muhammed Airport Terminal 2 has surged from N6,000 to N50,000 overnight, drawing criticism for its impact on travelers amid Nigeria's economic challenges.
NPA, APM Terminals Start Drug Tests for Apapa Port Truck Drivers
The Nigerian Ports Authority and APM Terminals Apapa have initiated drug and alcohol testing for external truck drivers to enhance safety and risk management at the port, with three drivers found under the influence in recent screenings.
CPPE Backs Industrial Self-Reliance, Flags Business Risks
The Centre for the Promotion of Private Enterprise praises Nigeria's 2026 fiscal policy for boosting domestic production but warns import-dependent firms face higher costs and margin pressures.
800 Million Food Insecure, Experts Call for Farmer Support
Prof. Lateef Sanni highlights 800 million globally food insecure, urging government collaboration with farmers. Officials stress research adoption, mechanization, and grants to boost food security in Nigeria.
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REA Unveils 40 Interconnected 288MW Mini-Grids, NERC Expands Rules
Nigeria's Rural Electrification Agency announces 40 interconnected mini-grid projects totaling 288MW, enabled by new NERC regulations that raise capacity caps and streamline approvals.
Don Warns: Unprofessionalism Undermines Food Security
A former FUNAAB deputy vice-chancellor warns that poor professional attitudes among agricultural extension workers could sabotage Nigeria's food security initiatives, emphasizing ethics as critical for success.
Expert Tasks FG to Stop Silos in Agricultural Projects
A communications strategist warns against isolated agricultural projects, citing farmer losses from price crashes and systemic risks, urging coordinated action.
Nigeria Loses $10B Yearly to Maritime Issues
A SEREC report reveals systemic inefficiencies, cartels, and maritime exploitation cost Nigeria over $10 billion annually, urging reforms to curb resource leakages and trade distortions.
NSE Decries Infrastructure Decay, Urges Engineer Action
NSE President Ali Rabiu highlights Nigeria's infrastructure decay and poverty, urging engineers to lead practical interventions in housing, water, and energy.
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Soludo Commissions Naval Outpost Road in Onitsha
Anambra State Governor Charles Soludo commissions a 1km road to the Naval Outpost in Onitsha, funded by High Chief Obele, enhancing security and community development.
Firms Boost Financial Inclusion with Women-Focused Solutions
Heirs Insurance Group and United Capital Plc collaborate to promote financial wellness among women through initiatives combining education and lifestyle engagement, addressing the gender gap in financial inclusion.
FG Bans Cement, Poultry, Drugs from Non-ECOWAS Countries
The Nigerian federal government has expanded import restrictions, banning 17 categories of goods including cement, poultry, pharmaceuticals from non-ECOWAS countries to boost regional trade and protect domestic industries.
OAAF's Viral Outreach Aids Vulnerable Lagos Residents on Founder's Birthday
The Olayinka Aderinkola Akinrinola Foundation conducted a mass humanitarian outreach in Lagos, distributing food and clothing to vulnerable Nigerians, with a viral video highlighting the initiative on the founder's birthday.
Zedcrest Expands Services and Appoints New Leadership Team
Zedcrest Group, a leading African financial services firm, has strengthened its institutional offerings through strategic acquisitions, expanded product lines, and key leadership appointments to drive growth in asset management and investment banking.
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Ooni Urges Nigerians to Embrace Local Industrial Standards
The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, has launched canned Ojaja drinks, emphasizing a 100% local supply chain to boost Nigerian industrialization and economic sovereignty.
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