Aviation

Nigeria-Ethiopia tourism boost as Finchglow, Ethiopian Holidays sign pact

Chukwuemeke Iwelunmo 20 August 2025 0

In a landmark move set to redefine African travel, Finchglow Holidays, Nigeria’s leading name in curated tours, has entered into a strategic partnership with Ethiopian Airlines and Ethiopian Holidays. This alliance promises Nigerian travellers a gateway to Ethiopia’s hidden treasures, from

Business Top Stories

Tinubu arrives Japan for TICAD9, eyes investment deals in energy, technology

Ihesiulo Grace 19 August 2025 0

President Bola Tinubu has arrived in Tokyo, Japan, for the Ninth Tokyo International Conference on African Development (TICAD9), where he is expected to push for fresh investments in Nigeria’s energy, technology, and infrastructure sectors. Tinubu’s aircraft landed at the presidential wing of Haneda International Airport at 12:50am local time on Tuesday. He was received by

Business Top Stories

Nigeria needs 22% annual growth to achieve $1trn economy by 2030-Norrenberger

Motolani Oseni 18 August 2025 0

With less than five years to the 2030 deadline, analysts at Norrenberger have warned that Nigeria must sustain annual nominal growth of at least 22 per cent alongside a stable exchange rate to achieve the Federal Government’s $1 trillion economy target. According to the rebased Gross Domestic Product (GDP) data released by the National Bureau […]

Business

NUPRC to prioritize frontier basin exploration, competitive licensing process

Motolani Oseni 17 August 2025 0

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assured that its ongoing reforms would result to significant improvements in oil production and achieving energy efficiency in the country. The Commission chief executive officer (CCE), Gbenga Komolafe, expressed optimism about the Commission’s forward agenda which includes: sustaining competitive licensing

Business

Chevron’s new oil discovery to boost Nigeria’s output by 40,000bpd

Motolani Oseni 17 August 2025 0

Chevron Nigeria Limited (CNL), operator of the joint venture with the Nigerian National Petroleum Company Limited (NNPCL), has announced the discovery of new oil fields, including Meji NW-1, expected to add about 40,000 barrels per day to Nigeria’s production capacity and support the country’s energy transition goals. CNL’s chairman and managing director, Jim Swartz,

Business

FirstBank targets $10bn boost for Nigeria’s non-oil exports with agric conference

temitope adebayo 17 August 2025 0

FirstBank has announced that its 2025 Agric and Export Conference, scheduled for August 19 at the Eko Convention Centre, will catalyze to unlock Nigeria’s non-oil export potential, with projections that the sector could generate over $10 billion annually if harnessed effectively. Themed, “The Fundamentals of Building a Non-Oil Export Driven Economy,” the conference

Business

Nigerian entrepreneurs urged to tap into Tinubu’s N200bn funds

Motolani Oseni 17 August 2025 0

Information Minister Mohammed Idris has urged Nigerian entrepreneurs to utilise President Bola Tinubu’s N200 billion business funds to grow their enterprises. Mr Idris made the call during a town hall meeting with stakeholders in Enugu on Thursday. He said the Tinubu administration had created three key business funds totalling over N200 billion for Nigerian businesses

Business

At 35, Zenith Bank committed to empowering individuals, businesses – MD

Tunde Opalana 17 August 2025 0

The Zenith Bank Plc at the weekend in celebrated 35 years of trusted banking service recognised pioneer customers and long-serving staff with a commemorative event held at the Eko Hotel and Suites in Victoria Island, Lagos on 15th August 2025. Dame Dr. Adaora Umeoji OON, Group Managing Director/Chief Executive Officer , reaffirmed the bank’s commitment […]

Business

Former statistics chief explains Iweala’s ‘stable economy’ amid cost-of-living crisis

Promise Eze 16 August 2025 0

Yemi Kale, a former Statistician-General of the Federation and ex-CEO of the National Bureau of Statistics, has explained what economists mean when they describe Nigeria’s economy as “stable.” He said the term does not necessarily mean citizens are free from hardship. Kale’s comments came in response to public debate after World Trade Organization Director-General

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Nigeria’s inflation falls to 21.88% in July — fourth monthly decline since NBS methodology change

Vincent Afolabi 15 August 2025 0

Nigeria’s annual inflation rate eased to 21.88 percent in July from 22.22 percent in June, the National Bureau of Statistics (NBS) said on Thursday. It is the fourth consecutive monthly decline since the statistical agency updated its methodology earlier this year, including a new base year and reweighted Consumer Price Index (CPI) basket. The changes […]

Business

Harvest season, stable naira set to pull inflation down to 21.34% in July

Guest Writer 14 August 2025 0

Nigeria’s inflation rate is projected to decline for the second month in a row in July, as analysts point to the start of the harvest season, stable exchange rates and lower logistics costs. In its latest forecast, Financial Derivatives Company (FDC) projected headline inflation to ease to 21.34 percent in July from 22.22 percent in […]

Business

Tinubu vows to revive Ajaokuta steel, end Nigeria’s dependence on imports

Motolani Oseni 14 August 2025 0

President Bola Ahmed Tinubu has raised an alarm over Nigeria’s heavy reliance on imported steel, revealing that more than 90 percent of the steel consumed in the country is sourced from abroad despite vast local deposits of iron ore, limestone, and coal. He declared that the federal government is committed to reviving the long-dormant Ajaokuta […]

Business

Investors lose N120bn as NGX index slips 0.13%

Guest Writer 14 August 2025 0

Equity investors on the Nigerian Exchange (NGX) lost N120 billion on Tuesday as the All-Share N92.28 trillion from N92.40 trillion in the previous session, trimming the year-to-date return to 41.72 per cent from 41.90 per cent. The decline was driven by selloffs in WAPCO (-2.14 per cent), Zenith Bank (-1.96 per cent), and GTCO (-1.31 […]

Business

NAICOM sets July 2026 deadline for N35bn insurance recapitalisation

Motolani Oseni 14 August 2025 0

The National Insurance Commission (NAICOM) has announced the commencement of the insurance industry recapitalisation exercise, effective 31 July 2025, following the enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and its assent by President Bola Tinubu on the same day. In a circular dated 12 August 2025 and signed by Usman Jankara, deputy […]

Business

Sell crude to Dangote in Naira to prevent fuel scarcity, NLC urges FG

Guest Writer 14 August 2025 0

The Nigeria Labour Congress (NLC) has asked the federal government to sell crude oil to the Dangote Refinery in naira, warning that insisting on foreign currency transactions could trigger fresh petrol scarcity and higher pump prices. Joe Ajaero, NLC president, represented by Funmi Sessi, Lagos state chairperson, made the appeal during a facility tour of […]

Business

Pension funds could bridge Africa’s $200bn energy investment gap, says industry leaders

Motolani Oseni 14 August 2025 0

Africa’s $250 billion pension fund assets could be a game-changer for closing the continent’s widening oil and gas financing gap if channelled into critical energy infrastructure, industry leaders have said. Speaking at the African Refiners and Distributors Association (ARDA) Week Conference in Cape Town, Rene Awambeng, founder and managing partner of Premier Investment

Business

APM Terminals Kano records 51% increase in volumes in H1 2025

Guest Writer 14 August 2025 0

APM Terminals Kano has reported a 51 percent increase in Through Bill of Lading (TBL) volumes in the first half of 2025, compared to the same period last year. Steen Knudsen, terminal manager, said the growth was driven by stronger coordination between the Kano and Apapa teams to move more cargo in and out of […]

Maritime

NPA to sustain gains in Nigeria’s 2025 export performance

Guest Writer 14 August 2025 0

The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has called on his management team to renew their commitment to enhancing port efficiency. Speaking during the recently concluded NPA Management Retreat in Onne, Rivers State, Dantsoho said such improvements are essential to maintaining the positive export performance Nigeria has

Business

NIMASA governing board pledges full support to drive Nigeria’s blue economy

Guest Writer 14 August 2025 0

The Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) has pledged unwavering support to the Agency’s Executive Management in fulfilling its mandate. At the Board’s inaugural meeting in Lagos, Chairman Yusuf Hamisu Abubakar assured that the Board would work closely with management to advance NIMASA’s objectives, with the ultimate goal of

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‘Not a good signal’ — Stakeholders criticise FG for Making KWAM 1 aviation ambassador

Guest Writer 14 August 2025 0

Aviation stakeholders have condemned the withdrawal of charges on Ibom Air passenger Comfort Emmanson and the pardon of fuji musician Mr Ayinde (KWAM 1) from facing prosecution. Speaking with our correspondent in Lagos, they described the action as retrogressive in the aviation sector, saying Nigeria has become a laughing stock in the world. Comrade AbdulRasaq […]