Trust Deficit Threatens $15 Billion Logistics Industry Boom
Nigeria's logistics sector, projected to reach $15.05 billion by 2030, faces a critical threat from theft and service manipulation, eroding consumer confidence and risking growth.
Category : Business
Nigeria's Blue Economy Stalled by Legislative Gaps
Nigeria's Ministry of Marine and Blue Economy struggles to transform vast aquatic resources into economic growth due to outdated laws, institutional fragmentation, and lack of coordination, despite handling 60% of West Africa's maritime trade.
Egg Prices Hit N8,500 Per Crate, Could Reach N10,000 Soon
Nigerian consumers face severe hardship as egg prices surge to N8,500 per crate, a 30.77% increase, due to scarcity and high production costs. Experts warn prices may hit N10,000 without urgent government intervention.
IMF: Middle East War May Cause Global Stagflation
The IMF warns that the Middle East conflict could lead to stagflation, with rising prices and slowed growth, disproportionately affecting poor nations through energy, trade, and financial disruptions.
Fuel Hike Agitation: Workers Demand Palliatives Amid Crisis
Nigerian workers and citizens are grappling with soaring fuel prices, pushing up living costs. Labour groups, including the NLC, demand immediate government relief measures like wage awards and tax relief to cushion the economic hardship.
DHL, SON Begin Electronic Cargo Manifests on National Single Window
Nigeria's trade modernization advances as DHL, SON, and other agencies start electronic cargo manifest transmission on the National Single Window platform, enhancing efficiency and transparency.
Nigeria's Economic Response to Middle East War
The Middle East war has spiked global oil prices, impacting Nigeria's economy. This article analyzes the need for government interventionist policies to mitigate effects on citizens.
IMPI Opposes NLC Wage Demands as Fuel Prices Drop
The Independent Media and Policy Initiative faults NLC's wage demands as ill-timed, while NNPCL reduces fuel prices following Dangote Refinery's cut, with calls for government partnership to lower costs further.
NNPCL's First Crude Export from New Terminal in 50 Years
The Nigerian National Petroleum Company Limited (NNPCL) has exported 950,000 barrels of Cawthorne Blend crude from a new terminal, marking the first such export in five decades, with support from Sahara Group and regulatory approvals.
PReP 2.0 Targets 32,000MT Plastic Recovery, 2,400 Jobs
TechnoServe launches PReP 2.0 in Nigeria, funded by The Coca-Cola Foundation, to scale plastic waste recovery, create jobs, and enhance environmental sustainability across the country.
Subscribers Seek 100% Compensation Over Poor Telecom Service
Telecom subscribers in Nigeria are demanding 100% compensation for poor service quality, applauding the NCC's new directive but calling for clearer enforcement and continuous redress processes.
Nigeria's One-Way Economy: Prices Rise But Never Fall
Nigeria faces a troubling economic paradox where prices surge during downturns but rarely decline when conditions improve. This one-way pricing pattern severely impacts housing, construction, and the middle class, requiring urgent policy reforms.
No More Shrinking Movement Transforms Dialogue to Action
The No More Shrinking movement has evolved from podcast conversations to a powerful stage experience, confronting women's self-diminishment patterns and launching a leadership development program for authentic influence.
Oando Launches Biodegradable Plastics to Fight Pollution
Oando Clean Energy Limited partners with the Federal Ministry of Environment to introduce biodegradable technology for single-use plastics, addressing environmental and agricultural risks in Nigeria.
NSIA 2025 Results: Net Assets Reach $3.4 Billion, Core Income Up
Nigeria Sovereign Investment Authority (NSIA) achieved a 19.8% increase in net asset value to $3.4 billion in 2025, with core total comprehensive income rising to ₦478.8 billion, driven by diversified investments and strategic initiatives in healthcare, e
ADVAN President Urges Dialogue to Fix Industry Issues
ADVAN President Osamede Uwubanmwen emphasizes the need for stakeholder conversations and understanding of ARCON Act to resolve industry challenges at Lagos awards event.
Foreign Airlines' Dollar-Only Tickets Criticized by NANTA
The National Association of Nigerian Travel Agencies condemns foreign airlines for insisting on dollar-only ticket sales, calling it disrespectful to the naira and harmful to Nigeria's economy.
Competition Keeps Airfares Low Amid Fuel Price Surge
Nigerian airfares remain stable despite aviation fuel costs soaring 184% in two months, driven by Middle East tensions. Industry sources credit intense competition among 15+ carriers for preventing price increases.
Otti: Beverage Plant Shows Aba's Economic Revival
Abia State Governor Alex Otti says the commissioning of Ultimum Limited's beverage plant in Aba reflects renewed investor confidence and economic recovery, with the facility set to produce Razzl drinks and create jobs.
NBC DG: Digital Broadcasting Key to Africa's Economic Growth
NBC Director General Charles Ebuebu calls for Africa to treat digital broadcasting as strategic economic infrastructure, not just regulatory compliance, to boost trade and investment.
Air Peace Resumes Lagos-Caribbean Direct Flights for Tourism
Air Peace announces the resumption of monthly direct flights from Lagos to Antigua and Barbados, starting May 24, 2026. This service aims to enhance tourism, business, and diaspora connections by reducing travel time and eliminating stopovers.
DataPro Trains Journalists on AI and Financial Reporting
DataPro's executive director Oladele Adeoye emphasized the need for journalists to master AI tools and data interpretation to maintain credibility in financial reporting during a virtual media training session.
NGX Market Value Soars 528% in Five Years
The Nigerian Exchange Limited (NGX) has seen its market capitalization surge by N108 trillion, or 528.7%, to N129 trillion since demutualization in 2021, marking a historic bull run.
NACCIMA, NECA Advocate Accelerated Energy-Efficient Industrial Transition
NACCIMA and NECA urge Nigeria to speed up the transition to an energy-efficient industrial sector, highlighting potential savings of 20-40% and reduced greenhouse gas emissions.
Engineers Summit to Address Nigeria's Ageing Oil Wells, Production Issues
The Society of Petroleum Engineers Port Harcourt Section 103 hosts the Well Intervention Summit 2026 to address declining productivity from ageing oil wells, rising costs, and the need to maximize existing assets in Nigeria's capital-constrained energy se
Nigeria Visa Barriers Threaten AfCFTA Gains: ITUC Warning
ITUC-Africa warns Nigeria's restrictive visa policies and high biometric fees could undermine AfCFTA benefits, urging reforms to boost intra-African trade and mobility.
Informal Workers Protest for Pension, Health Reforms in Nigeria
Informal sector workers in Nigeria staged a protest at the National Assembly, calling for urgent reforms in pension and health systems to address social protection gaps for over 93% of the workforce.
Nigeria, Islamic Bank Deepen Partnership for Economic Development
The Federal Government and Islamic Development Bank sign an MoU to boost economic growth, focusing on infrastructure, social development, and innovative finance, with over $2.32 billion approved for Nigeria.
Descasio Unveils 'Give to Gain' Report at Women's Leadership Brunch
Descasio convened top female executives in Lagos for an exclusive leadership brunch, launching the 'Give to Gain' Leadership Insights Report. The event fostered discussions on execution, accountability, and empathy, with participants from Honeywell Group,
Leadership Crisis in Nigerian Family Business Succession
Experts from Lagos Business School highlight the critical failure of family-owned enterprises in Nigeria and Africa to manage leadership transitions, citing poor governance and lack of structured succession planning as major threats to business continuity
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