Freight forwarders condemn sale of empty containers in dollars
Freight forwarders condemn Grimaldi Group's sale of empty containers in USD, calling it a threat to Nigeria's economic stability and the Naira.
Category : Business
NACCIMA Decries Red Tape Hindering Non-Oil Export Trade
NACCIMA raises concerns over low export participation by MSMEs, unveils Export Express Support Centre to simplify processes and boost non-oil exports.
Zenith Bank Opens Côte d'Ivoire Subsidiary to Expand in West Africa
Zenith Bank Plc has launched a subsidiary in Côte d'Ivoire to strengthen its presence in Francophone West Africa and boost financial intermediation within the WAEMU region.
Stakeholders Back Gas, Balanced Energy Mix for Growth
Prof. Barth Nnaji and other stakeholders advocate for natural gas and a balanced energy mix to drive Nigeria's economic growth, citing infrastructure and policy gaps.
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LASG Unveils N10bn Cooperative Fund, Industrial Policy
Lagos State launches a N10 billion cooperative fund and industrial policy 2025-2030 to drive Africa's industrial agenda, targeting MSMEs and infrastructure.
BIC Nigeria Pledges Job Creation, Long-Term Investment
BIC reaffirms commitment to Nigeria, focusing on local partnerships, supply chain investment, and job creation to drive sustainable growth.
Nigeria to Boost China Partnership for Affordable Housing
Nigeria strengthens ties with China to tackle housing deficit through modular tech. Minister Darma unveils reforms with KPIs, targeting urban renewal and slum upgrades.
Rural Women Empowerment Key to Food Security – NGO
NEWOMCII urges Nigerian government to support grassroots agriculture, empowering women in farming, arts, and crafts to enhance food security and self-reliance.
Health, Business Outreach for Ikotun Traders Despite Rain
Gbonse Foundation for Economic Development held a medical and business outreach for Ikotun Market traders despite heavy rainfall, offering health checks, loans, and support.
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Afriland Properties Hits N4.07bn Revenue, Declares Dividend
Afriland Properties Plc reports N4.07bn revenue for 2025, up 8% from prior year. Gross profit rises to N3.51bn. Dividend of 24 kobo per share approved.
Argentil Group Unveils New Brand, Signals Growth Shift
Argentil Group unveils a new corporate identity, marking a transition to a more ambitious phase focused on capital allocation and Africa's economic growth.
Abia LIFE-ND Disburses Capital to 616 Graduates
Abia LIFE-ND project begins disbursement of startup capital from ₦472,000 to ₦1.2 million to 616 trained youths and women in agriculture, aiming to boost food security and reduce unemployment.
Transcorp Power Declares N41.2bn Dividend for 2025
Transcorp Power Plc declares N41.2 billion dividend for 2025, as shareholders approve results at 13th AGM in Abuja. Revenue rises to N398.27 billion.
Housing Minister Resumes, Vows Sustainability in Projects
New Minister of Housing Muttaqha Rabe Darma resumes duty, promising sustainability in housing projects and urging occupants to maintain homes, not rely on government.
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NBRDA Reassures Nigerians on GM Crop Safety
NBRDA advocates biotechnology for food security, assuring safety of GM crops. Rigorous approval process ensures no harm to health or environment.
Farmers Raise Alarm Over Foreign Cashew Policy Meddling
National Cashew Association of Nigeria warns of foreign interests imposing policies that could harm local farmers, urging government incentives.
Optimus Bank 2025 Profit Surges 69.94% to N24.14bn
Optimus Bank reports N24.14bn profit before tax for 2025, a 69.94% increase. Gross earnings rose 73.53% to N50.67bn, driven by strong core banking growth.
FG Targets 10m for Grassroots Poverty Alleviation
The Federal Government aims to lift 10 million citizens out of poverty through the Renewed Hope Ward Development Programme, targeting all 8,809 wards nationwide.
Nigeria's Finance Ministers Since 1999: Academic Backgrounds
Explore the diverse academic backgrounds of Nigeria's finance ministers since 1999, from history to economics, and how they shaped economic policies.
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Abdulsamad Rabiu Overtakes South Africa's Richest in 2026
Abdulsamad Rabiu's net worth soared to $15.9 billion in 2026, outpacing South African billionaires and ranking third in Africa, with a year-to-date gain of $5.78 billion.
FG Backs Garment Exports as Firm Launches Factory in Abuja
The Federal Government reaffirms support for garment exports as Mo'Afrique launches a new factory in Abuja, aiming to boost local production and expand under AfCFTA.
Poisonous Grass Kills Over 80 Cattle in Adamawa
Suspected cyanide poisoning from wild sorghum grass kills over 80 cattle in Adamawa, prompting government intervention and destruction of affected animals.
Lagos Tops Nigeria's Debt List with N1.22 Trillion
Lagos State is Nigeria's most indebted state, owing N1.22 trillion domestically and $1.17 billion externally as of Q4 2025, per NBS data.
Waltersmith Expands Refinery Capacity to 10,000 bpd
Waltersmith Petroman Oil Limited expands its refinery in Imo State from 5,000 to 10,000 bpd, boosting local PMS and aviation fuel production.
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Ibom Air Warns of Flight Cuts as Fuel Cost Hits N7.6m
Ibom Air warns it may reduce flight operations as aviation fuel costs surge to N7.6 million per flight, a 350% increase since January, threatening sustainability.
Plane Crash in South Sudan Kills All 14 On Board
A small aircraft operated by CityLink Aviation Ltd crashed near Juba, South Sudan, killing all 14 passengers and the pilot. Poor visibility and adverse weather are suspected.
CPPE Praises FG Airlines Debt Relief, Seeks Cost Reform
The Centre for the Promotion of Private Enterprise (CPPE) commends President Tinubu for approving 30% discount on airlines' debts, calls for comprehensive aviation cost reform.
Lagos Tops Nigeria's Most Indebted States with N1.22 Trn Debt
Lagos State leads Nigeria's debt profile with N1.22 trillion domestic and $1.17 billion external debt, according to NBS Q4 2025 report.
Polysmart Raises N13bn via Commercial Paper
Polysmart SPV Limited raised N13 billion from a non-interest commercial paper issuance, achieving 30% oversubscription. The funds will support working capital for its $60 million expansion.
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Ibom Air: Aviation Fuel Cost Up 350% in Nigeria
Ibom Air reports over 350% rise in aviation fuel cost per flight since January, from N2.1m to N7.6m, warning of unsustainable conditions and potential capacity cuts.
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