Category: Nigeria news

  • NECA Wins PEBEC Business Advocacy and Partnership Award

    The Nigeria Employers’ Consultative Association (NECA) has been honored with the Business Advocacy and Partnership Award by the Presidential Enabling Business Environment Council (PEBEC). The award was presented during PEBEC’s Annual Award and Gala Night at the Banquet Hall, Aso Villa, Abuja, in recognition of NECA’s commitment, strategic collaboration, and constructive engagement in strengthening Nigeria’s

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  • Companies Raise N1.5 Trillion for Infrastructure and Agriculture in Two Quarters

    Nigerian companies have raised approximately N1.5 trillion in debt capital over the past two quarters, reflecting strong investor confidence and a focus on strategic sectors such as infrastructure, agriculture, and sustainable finance. Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), disclosed this during the second Capital Market Committee (CMC) meeting for 2025

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  • CBN Confirms 82 Licensed BDCs Under Revised Guidelines

    The Central Bank of Nigeria (CBN) has officially licensed 82 Bureau De Change (BDC) operators under its revised regulatory framework. The announcement was made in a statement by Mrs. Hakama Sidi Ali, Acting Director of Corporate Communications at the CBN. According to the statement, only two operators qualified for Tier-1 status, which requires a N2

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  • MAN Urges Federal Government to Probe FTZ Operators Over Sharp Practices

    The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to investigate the activities of certain Free Trade Zone (FTZ) operators across the country, alleging that some engage in practices that harm local manufacturers and undermine the Nigerian economy. Prince Lekan Adewoye, Chairman of MAN’s Basic Metals, Iron, and Steel Manufacturers Group, highlighted

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  • NPA’s E-Call Up System Handles 3.4 Million Trucks, Cuts Costs by 65%

    Nigeria’s port digitalisation drive has recorded significant milestones, with the Electronic Call-Up System (E-Call Up) processing 3.4 million truck movements since its launch in February 2021 and reducing cargo transportation costs by 65 per cent. The achievements come as the country prepares to roll out the National Single Window (NSW) platform in the first quarter

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  • AltBank Pioneers Digital Payment Pathway for Nigerian Youth

    The Alternative Bank, a leading Nigerian financial institution committed to sustainable and inclusive services, has unveiled plans to empower local tech talent and bridge the digital skills gap for youth. This announcement came during the Jericho Businessmen Club’s (JBC) third Annual Socio-Economic Summit, which focused on sustainable economic models and youth empowerment. The Summit brought

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  • TY Logistics Park FZE Set to Revolutionize Supply Chain in Nigeria

    TY Logistics Park FZE has officially launched its state-of-the-art logistics facility in the Lekki Free Zone, Lagos, with a mission to tackle Nigeria’s long-standing supply chain inefficiencies and position the country as a hub for regional trade. Speaking at the commissioning, Chairman Theo Danjuma Jr. described the facility as West Africa’s first Grade-A free zone

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  • Government Targets Grassroots Growth in 2026 Budget Plan

    As Nigeria prepares for a future of declining global aid, the Federal Government has revealed that the 2026 budget will focus on ward-based development, infrastructure expansion, security enhancement, and domestic production growth. Speaking at a stakeholders’ engagement with the Nigeria International Non-Governmental Organisation (INGO) Forum in Abuja on Monday, Minister of Budget and Economic Planning,

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  • The Employment Cost: Are 1.5 Million Jobs Worth a 1,200% Sugar Tax Hike?

    Nigeria is facing a heated debate over a proposed amendment to the Customs and Excise Tariff (Consolidation) Act (CETA), which seeks to impose a dramatic increase in excise duties on soft and sugary beverages (SSBs). The measure, sponsored by Senator Ipalibo Harry Banigo, would hike taxes from N10 per litre to N130 per litre, or

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  • Rave Credits Family for Musical Journey, Prepares Debut EP

    Afrobeats singer Pwafukadi Sunday, popularly known as Rave, has revealed that his family’s passion for music played a pivotal role in shaping his career, adding that the genre’s global rise is powered by talented young creatives. Speaking to the media, Rave, who hails from Adamawa State, said growing up in a household of eight, where

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