Business & Economy
Firm pledges annual investments in employee safety
The Group Managing Director, Chemstar Paints Industries Nigeria Limited (Paints & Chemicals), Mr Adedayo Paseda, has said the company will not relent in prioritising the health, safety, welfare, a...
28th May 2025
Reps seek overhaul of MOFI Act
The House of Representatives Committees on Finance and Public Assets have called for a review of the Ministry of Finance Incorporated Act, 2024, to align with global financial management practices and...
28th May 2025
Electricity subsidy rises to N982bn
The Federal Government’s outstanding debt to electricity distribution companies in subsidy payments increased by N5.3bn or 2.7 per cent in the first five months of 2025 to N982.4bn. It surged from N...
28th May 2025
Shafa Energy to unveil CNG station in Abuja
Shafa Energy, a subsidiary of AYM Shafa Holdings Limited, has announced the launch of Shafa CNG with a station in Abuja. In a statement, the firm said the initiative aligns with President Bola Tinubu�...
28th May 2025
Nigeria deepens partnership with China on industrialisation
The Federal Government has reaffirmed its commitment to the partnership with China, saying the collaboration will play a vital role in accelerating Nigeria’s industrialisation and economic transform...
28th May 2025
Green Energy unveils onshore oil export terminal
An indigenous energy firm, Green Energy International Limited, has unveiled the country’s first onshore crude oil export terminal in over five decades. The terminal, located at Otakikpo in Rivers St...
28th May 2025
IBEDC urged to energise Ogun communities
Ogun State House of Assembly has urged the Ibadan Electricity Distribution Company to expedite action on the re-electrification of some communities affected by the destruction of electricity poles and...
28th May 2025
CBN unveils instruments to boost Islamic finance
The Central Bank of Nigeria has announced the introduction of three new instruments aimed at deepening the country’s non-interest financial market and improving liquidity management for Islamic fina...
28th May 2025
Fertiliser to attract $7m revenue daily — Dangote
The President of Dangote Industries Limited, Aliko Dangote, has said that in the next two years, the company will be exporting almost 16,000 tonnes of fertiliser, which will amount to about $7m daily ...
27th May 2025
Govt begins payment of N35,000 wage award arrears
The Federal Government has commenced the payment of the N35,000 wage award arrears to federal civil servants across the country. This was disclosed in a statement issued on Monday by the Office of the...
27th May 2025
Stanbic IBTC partners firm to empower young entrepreneurs
Orange Corners Nigeria has partnered with Stanbic IBTC Bank to support young entrepreneurs in the country. Orange Corners Nigeria is an initiative of the Kingdom of the Netherlands implemented locally...
27th May 2025
Ekpo tells gas producers to raise output
The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has charged major gas-producing companies operating in Nigeria to take concrete steps to increase daily gas production by one billion s...
27th May 2025
$750m loan: World Bank pressures Nigeria for fresh tax hike
The World Bank has asked the Federal Government to issue a presidential order raising excise duties on “sin goods” such as alcohol, tobacco, and sugary drinks as a key requirement under the $750m ...
27th May 2025
NSIA to host 15 African sovereign funds
The Nigeria Sovereign Investment Authority will host over 15 African sovereign wealth funds and global investment leaders at the Africa Sovereign Investors Forum 2025, scheduled for June in Abuja. Thi...
27th May 2025
Give hawkers better welfare, union urges govt
The Nigeria Union of Hawkers has called on federal and state governments to prioritise the protection of hawkers’ rights and improve their working conditions, as it marked the 2025 International Haw...
27th May 2025
6,000 AfDB delegates meet to elect new president
Critical stakeholders have stressed the need to improve the country’s pharmaceutical manufacturing capacity, identifying technology, strategic investments and collaboration as tools needed to drive ...
27th May 2025
FG inaugurates committee on sale of seized 763 duplexes
The Minister of Housing and Urban Development, Ahmed Dangiwa, unveiled a 12-member ministerial committee to oversee activities on the seized 753 houses linked to former Central Bank of Nigeria Governo...
27th May 2025
Refinery shutdown: Workers barred from speaking with journalists
As maintenance activities commenced at the Port Harcourt Refining Company, employees of the facility have been barred from speaking with journalists who may visit the plant during the exercise. A memo...
27th May 2025
NDPHC decries N600bn electricity debt, stranded 2,000MW
The Management of Niger Delta Power Holding Company says the Nigeria Bulk Electricity Trading Plc and other bilateral entities are owing NDPHC close to N600bn, thereby hindering the company’s operat...
26th May 2025
Insurance firm appoints new CEO
Prudential Zenith Life Insurance Limited has announced the appointment of Funmilayo Abimbola Omo as its new Managing Director and Chief Executive Officer. The company also named ‘Tokunboh Ishmael as...
26th May 2025
Harmonised tax bills ready, may get NASS approval Tuesday
The National Assembly has hinted that it may consider passing the harmonised tax reform bills by Tuesday, following a successful review of the troubling clauses in the proposed legislation. This was d...
26th May 2025
Foreign trade payment rises to $267.96m – CBN
Nigeria’s fulfilment of foreign trade transactions through Letters of Credit rose by 3.68 per cent year-on-year to $267.96m in the first four months of 2025, up from $258.46m in the corresponding pe...
26th May 2025
FG unveils intra-African air cargo corridor with 50% discount
The Federal Ministry of Industry, Trade and Investment, in collaboration with the United Nations Development Programme and Uganda Airlines, has officially launched the Nigeria–East/Southern Africa A...
26th May 2025
Kimberly Ryan hosts talks on HR transformation
Kimberly Ryan has announced strategic HR initiatives to drive business transformation and digital innovation. In a statement on Sunday, the company said it was setting a new benchmark in workforce tra...
26th May 2025
Yikodeen secures $1.5m investment from Aruwa Capital
Safety footwear manufacturer Yikodeen has secured a $1.5m investment from Aruwa Capital Management to expand its factory operations and scale production capacity. Chief Executive Officer of Yikodeen, ...
26th May 2025
P’Harcourt refinery didn’t produce fuel before shutdown – Marketers
The Independent Petroleum Marketers Association of Nigeria has said the Nigerian National Petroleum Company Limited had to shut down the Port Harcourt Refining Company to save its face. IPMAN said the...
26th May 2025
Rice farmers lament as imports crash local industry
Rice farmers have raised the alarm over the collapse of Nigeria’s rice industry, attributing the shutdown of local mills and mass job losses to cheap imports, insecurity, and lack of government supp...
26th May 2025
Customs earn N230bn revenue through unified system
The Nigeria Customs Service, Ports & Terminal Multiservices Limited Command has stated that the Unified Customs Management System, also known as B’Odogwu, facilitated a total of N230bn as revenu...
26th May 2025
Marketers kick as P’Harcourt refinery faces shutdown for maintenance
The Port Harcourt Refining Company will be shut down any time soon to undergo a maintenance exercise that could last for 30 days, Saturday PUNCH reports. Some retailers told our correspondent that the...
24th May 2025
Dangote, Niger govt unveil rice project
The Dangote Group has unveiled a multi-billion naira agricultural partnership with the Niger State Government to boost rice production and strengthen Nigeria’s food security. According to a statemen...
24th May 2025
FG vows to strengthen domestic carriers
The Federal Government has announced a shift in its aviation strategy, declaring that it will now be paying attention to policies that can strengthen local airlines against the widespread calls for a ...
24th May 2025
