100% Boat Import Duty Stifles Investment, Says Maritime Leader
The chairman of Bras Marine criticizes Nigeria's high import duties on boats, arguing they push buyers to used vessels and hinder growth in water transportation.
Category : Business
FAAN Arrests 14 Vandals at Lagos Airport Construction Site
The Federal Airports Authority of Nigeria (FAAN) has apprehended 14 suspected vandals at Murtala Muhammed International Airport in Lagos, following a coordinated security operation.
SEREC Calls for NSW Reforms to Boost Trade Efficiency
The SEA Empowerment and Research Center advocates for recalibrating Nigeria's National Single Window implementation to reduce disruptions and enhance trade operations.
Budweiser Royale Launched in South South Nigeria
International Breweries Plc introduces Budweiser Royale, a super-premium beer, to the South South region, targeting consumers with a taste for sophistication and bold flavors.
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Analyst Suggests Passenger Pooling to Cut Airline Costs
Aviation expert Alex Nwuba recommends a regulator-supervised passenger pooling system for Nigerian airlines to address mounting losses from soaring fuel prices and low load factors on domestic routes.
Firm Supports 10,000+ African MSMEs for Business Growth
A firm has announced support for over 10,000 African MSMEs, addressing marketing and financial challenges to help entrepreneurs achieve sustainable revenue and growth.
Nigerian Stocks Rise N87bn on Dangote Cement Gains
The Nigerian equities market extended its bullish run, with market capitalisation increasing by N87 billion to N140.523 trillion, driven by gains in Dangote Cement and 24 other stocks.
Two Kano Pilgrims Die in Crash Before 2026 Hajj
Two intending pilgrims from Kano State, Alkasim Ibrahim Walawa, 48, and his mother Hadiza Garba, 73, died in a road accident on the Rimin Gado highway, just weeks before their scheduled departure for the 2026 Hajj in Saudi Arabia.
ICAN Calls for Transparency in Corporate Reporting
The Institute of Chartered Accountants of Nigeria advises companies to ensure consistent public disclosure of annual reports to boost investor confidence and economic stability.
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Africa's $1 Trillion Savings Dilemma: Bridging Investment Gap
African economies hold $1 trillion in domestic savings but lack pathways to productive investment. Development banks must align regulations, build platforms, and create analytical infrastructure to channel capital effectively.
Middle East Crisis Exposes Africa's Fuel Vulnerability
The Middle East crisis has triggered fuel shortages across Africa, highlighting the continent's heavy dependence on imports. With over 90% reliance in some regions, Africa loses billions annually and faces economic instability due to refining deficits.
Infrastructure Gaps Hamper Intra-African Trade, Integration
A new report reveals that dilapidated infrastructure is a major barrier to intra-African trade, with logistics costs far exceeding global benchmarks, undermining regional integration efforts across the continent.
Nigeria's Export Growth Needs Execution, Not Just Access
Industry leaders stress that Nigeria must focus on execution and quality standards to unlock its export potential, as market access alone is insufficient for global competitiveness.
Erha Field's 20-Year Legacy: A Model for Nigerian Energy Value
Marking two decades since first oil, Nigeria's Erha Field demonstrates how regulatory clarity, capital discipline, and Nigerian Content have generated over $23 billion in revenue, offering a playbook for sustainable deepwater development.
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Minister Lists Reform Gains, Experts Warn on Policy Inconsistency
Minister Jumoke Oduwole outlines reforms like the National Single Window and tax changes to boost MSMEs, but experts caution that policy inconsistency could undermine these efforts.
Middle East Crisis Risks Nigeria's 2026 Budget Implementation
Economist Dr Muda Yusuf warns that the Middle East crisis could disrupt Nigeria's 2026 budget execution despite potential oil revenue gains, citing volatility and existing commitments.
Manufacturers Decry Underutilization of Paper Industry Potential
Local manufacturers urge investment in Nigeria's paper sector, highlighting its potential as a major export earner akin to oil, amid concerns over declining production and reliance on imports.
Nigeria's Domestic Debt Servicing Hits N8.6 Trillion
Nigeria's domestic debt servicing surged by 46% to N8.61 trillion in 2025, now exceeding external debt costs. Treasury bill interest payments tripled, highlighting growing fiscal pressures as debt servicing surpasses capital expenditure by N3.9 trillion.
UACN Lists N54.03 Billion Bond on Nigerian Exchange
UAC of Nigeria Plc has listed a N54.03 billion Series 1 bond on the Nigerian Exchange Limited, featuring a 17.35% fixed coupon and a seven-year tenor. The listing highlights NGX's evolution as a multi-asset platform and provides long-term capital for the
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MoniePoint MFB Deepens Agency Banking for Real Economy
MoniePoint Microfinance Bank reinforces its leadership in Nigeria's agency banking, emphasizing service quality and local support to boost financial inclusion and empower small businesses.
Prince Samuel Adedoyin Receives Lifetime Achievement Awards
Prince Samuel Adedoyin, founder of Doyin Group, receives Lifetime Achievement Awards from Independent Newspapers and Vanguard Media for his contributions to Nigeria's development.
Why Auto Insurance is Essential in Nigeria
Auto insurance is a vital necessity for drivers in Nigeria, offering financial protection, legal compliance, and peace of mind on unpredictable roads. Learn why coverage matters.
Solar Battery Fails Days After Purchase, Sparks Public Reaction
A Nigerian woman's new solar battery malfunctioned just four days after purchase, leading to widespread public sympathy and discussions on product reliability and consumer rights in the energy sector.
Vaseline Launches WhatsApp Tool to Combat Fake Skincare in Nigeria
Vaseline introduces a WhatsApp-based authentication tool to help Nigerian consumers verify genuine skincare products amid a growing counterfeit crisis, partnering with Chris Okagbue to promote authenticity.
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Data Gaps Undermine Real Estate Investment Decisions
Incomplete or outdated data in real estate leads to inaccurate valuations, flawed financial analysis, and reduced investor confidence, highlighting the need for technology-driven solutions to bridge information gaps.
Wale Edun Thanks Tinubu, Highlights Economic Gains
Former Finance Minister Wale Edun expressed gratitude to President Tinubu and Nigerians for the opportunity to serve, noting economic growth rose from 2% to over 4% and inflation dropped from 35% to 15% under the administration's reforms.
Edun Thanks Tinubu, Notes Economic Gains from Reforms
Former Finance Minister Wale Edun expressed gratitude to President Tinubu for the opportunity to serve, highlighting economic growth rising from 2% to over 4% and inflation dropping from 35% to 15% under the administration's reforms.
Abuja Access Drives Real Estate ROI in Kurudu
Improved road connectivity to Abuja's Central Business District is fueling real estate growth in Kurudu, with rental values rising and developments like Delliot Residences offering investment opportunities.
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Soft Life on a Budget: Nigerian Salary Earners Guide
Discover practical strategies for Nigerian salary earners to redefine comfort, plug financial leaks, and enjoy life sustainably despite rising inflation and economic pressures.
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5 Hidden Roles of Nigeria's Central Bank Revealed
Discover five lesser-known responsibilities of the Central Bank of Nigeria that shape the economy, protect financial stability, and influence your daily financial life beyond inflation control.
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