Nigerian Ports Hit 102,803 TEUs of Exports in Q1 2026
Nigerian ports saw a 67.6% rise in export container traffic to 102,803 TEUs and a 67% increase in vehicle imports to 58,870 units in Q1 2026, driven by improved logistics and terminal efficiency.
Category : Business
Aviators Seek Incentives for Ground Handling Firms Over Debt
Stakeholders call on the Federal Government to extend financial incentives and policy support to ground handling companies threatened by over N9 billion airline debt and Middle East crisis.
CIIN Rolls Out Campaign to Deepen Insurance Penetration
The Chartered Insurance Institute of Nigeria (CIIN) launches Insurance Week 2026 to boost penetration below 1% of GDP, targeting MSMEs and informal sectors.
No More Excuses for Poor Service, Telcos Must Perform
Minister Bosun Tijani says reforms, World Bank funding, and infrastructure plans end excuses for poor telecom service in Nigeria.
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Rising Land Costs Drive Vertical Urban Development in Nigeria
Nigeria's urban skyline transforms as high land prices push developers to build upwards. Experts urge infrastructure and safety reforms to sustain vertical growth amid rapid urbanization.
Debtor Countries Form Borrowers' Platform for Debt Negotiations
Developing countries launch the Borrowers' Platform to strengthen collective voice in debt management and financial negotiations, addressing rising debt burdens and fiscal challenges.
Custodian Investment revenue up 48%, pre-tax profit N77bn
Custodian Investment Plc grew total revenue by 48% to N225bn in 2025, with pre-tax profit rising 24% to N77bn. Shareholders approved N2.75 dividend per share.
11 Plc Shareholders Approve N9.50 Dividend, Ogedegbe Vows Growth
Shareholders of 11 Plc approved N9.50 dividend per share at the 48th AGM in Abuja. Acting MD Osagie Ogedegbe pledged growth, operational excellence, and diversification.
FIABCI Urges 5P Framework to Solve Nigeria’s Housing Crisis
FIABCI calls for integrated development models like Public-Private-People-Policy-Partnerships to address Nigeria's 28 million housing deficit, urging a shift from welfare to economic foundation.
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NGX Targets 30 Million Retail Investors for Liquidity
NGX managing director Jude Chiemeka announced a target of 30 million retail investors to deepen liquidity and broaden participation in Nigeria's capital market.
Equities Market Volume Soars 24% on Rising Liquidity
Nigerian equities market volume surged 23.85% last week, with N347.81bn traded in 406,393 deals. Market cap gained N1.1tn, while ASI rose 1.03% to 244,775.83 points.
Naira Falls 0.22% as FX Demand Intensifies
The naira depreciated 0.22% to N1,361.4/$ at official market amid rising FX demand, while external reserves dipped 0.06% to $48.33 billion. Parallel market saw marginal appreciation.
Cardoso Urges Directors on Post-Recapitalisation Stability
CBN Governor Olayemi Cardoso emphasizes directors' role in post-recapitalisation stability, highlighting governance, confidence, and sustainable growth.
AfDB Approves $61m for Women-Led Businesses in Nigeria
The African Development Bank has approved a $61 million financing package for the Development Bank of Nigeria to support women-owned and women-led businesses, with a focus on agriculture.
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Access ARM Pensions Revenue Hits N42.4bn, N2 Dividend
Access ARM Pensions grows gross revenue by 50.4% to N42.4bn in 2025, profit after tax up 48% to N16.1bn, declares N2 dividend per share.
Lagos Telecom Cleanup Starts Tomorrow for Safety and Beauty
Lagos State, with NCC support, launches a pilot telecom infrastructure cleanup tomorrow at Toyin Street to remove redundant cables and improve urban safety and aesthetics.
FCMBAM Secures SEC Approval for Rebrand, Lower Minimum Units
FCMB Asset Management receives SEC approval to rebrand four mutual funds and reduce minimum subscription units, aiming to boost retail investor participation in Nigeria's capital market.
Zero Tariff: China's Market Opens Doors for Africa
China's zero-tariff policy for 53 African nations boosts trade, modernisation, and bilateral ties, offering Nigeria's exports like cashews and sesame new market access.
What Ethnicity Is Nigerian? Understanding Nigeria's Diversity
Nigerian is a nationality, not an ethnicity. With 371 ethnic groups including Hausa-Fulani, Yoruba, Igbo, and many more, discover the true meaning of Nigerian identity.
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Lagos Emergency Closure of Eko Bridge for Repairs
Lagos State schedules emergency closure of Eko Bridge outbound lane from May 12, 2026, for safety investigations and structural repairs. Motorists advised to use Third Mainland Bridge.
Kerosene Price Up 5.65% in March 2026; Highest in 3 States
NBS reports kerosene price rose 5.65% month-on-month to N2,430.38 per litre in March 2026. Kebbi, Sokoto, Niger pay most; Bayelsa, Kwara, Yobe least.
NAAPE Warns Jet A1 Crisis Risks Aviation Safety
NAAPE warns that the worsening Jet A1 shortage poses serious safety and operational risks to Nigeria's aviation sector, urging urgent government intervention.
Cooking Gas Prices Surge Across Nigeria in March 2026
NBS data shows cooking gas prices rose 12.6% for 5kg cylinders in March 2026, with Kaduna, Lagos, Taraba recording highest costs. 12.5kg prices also increased by 15.62%.
Minister Mandates Telecom Operators to Improve Service
Nigeria's Communications Minister Dr Bosun Tijani sets clear mandate for telecom operators to resolve network challenges and deliver improved telephone service quality.
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NAAPE Warns Jet A1 Shortage Threatens Flight Safety
The National Association of Aircraft Pilots and Engineers warns that Jet A1 fuel shortages are causing flight delays, crew fatigue, and economic strain, urging urgent government intervention.
Mohammed Goni Alkali: Boardroom to Trenches Leadership
Mohammed Goni Alkali, NEDC MD, leads from boardroom to field, driving reconstruction in Nigeria's North East with transparency and accountability.
Powell Homes Unveils Wonderland Estate in Enugu
Powell Homes and Shelters Ltd begins construction of Wonderland Estate in Emene, Enugu, offering affordable, mortgage-friendly housing with green spaces and recreational facilities.
Rabiu Umar Confirmed as NMDPRA Chief, Vows Energy Security
The Senate confirmed Rabiu Umar as NMDPRA Chief Executive. He pledged to strengthen energy security, eliminate supply bottlenecks, and ensure stable fuel availability nationwide.
NBS Data Shows Cheapest and Costliest Rice, Beans Markets in Nigeria
The NBS reports significant regional price differences for rice and beans in Nigeria, with South South and South West being most expensive and North East cheapest.
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Top 10 African Nations by Electricity Output: Powering Industry
A survey of gigawatt hours (GWh) produced across Africa highlights the top 10 nations leading in energy output, driving industrial success and economic growth.
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