Business & Strategy

The Nigeria Customs Service (NCS) has onboarded 23 banks onto its indigenous B’Odogwu ICT platform to enhance the efficiency of the import duty payment process and promote greater transparency in trade activities at Nigerian ports. At a recent event held at the Port Terminal and Multi-purpose Services Limited (PTML) Customs Command in Lagos, Comptroller Tenny […]

The Nigerian equities market ended the week on a positive note, with a notable increase in market capitalization, rising from N59.215 trillion to N59.5 trillion. This positive momentum was largely driven by significant gains in Wapco, Seplat, and Access Holdings. Specifically, Wapco gained 27.6% following the announcement of the proposed sale of its majority stake […]

The United Bank for Africa (UBA) Group has announced plans to establish a branch in Saudi Arabia and extend its footprint across Africa in 2025. Group Managing Director and CEO Oliver Alawuba made this disclosure during a send-forth dinner in Abuja honoring the bank’s retired non-executive directors. He highlighted UBA’s operational strength, which spans 24 […]

The Raw Materials Research and Development Council (RMRDC) has announced its collaboration with Nigerian lawmakers to curb the importation of raw materials that can be sourced locally. This initiative is being championed through a bill currently before the National Assembly, which has already passed its first reading. Speaking at an interactive session with the Manufacturers […]

The Standards Organisation of Nigeria (SON) has issued a cautionary notice to the populace regarding the perilous use of inferior and unapproved Compressed Natural Gas (CNG) cylinders. This alert follows a lamentable incident involving a CNG cylinder explosion at the NIPCO CNG Refueling Station in Benin City, Edo State. In an official communiqué, the organisation […]

MTN Nigeria, the country’s leading telecommunications provider, has emphasized the critical need for the telecom industry to regain profitability to ensure its continued operations. During a tour of MTN facilities in Ibeju-Lekki, Lagos, the Chief Executive Officer, Karl Toriola, underscored the severity of the financial challenges facing the sector, highlighting that the telecom industry has […]

MTN Nigeria Communications Plc has unveiled a pilot program for its eco-friendly SIM cards, crafted from biodegradable paper, as part of its ongoing efforts to reduce carbon emissions and promote sustainability. This initiative aligns with the company’s Project Zero goals, which target the reduction of emissions and the achievement of net-zero emissions by 2040. In […]

Adedeji Adeleke, the father of popular musician Davido, has revealed the hurdles he faced while securing an environmental permit for his $2 billion power plant project. The billionaire businessman and founder of Pacific Energy shared his experience during the Seventh Day Adventist General Conference Annual Council held on Tuesday in Maryland, USA. During his address, […]

The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to meet with Dangote Petroleum Refinery on Tuesday and Wednesday to finalize agreements on petrol pricing and lifting from the $20 billion Lekki-based facility. The Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) has been asked to resend its application for petrol lifting, expressing optimism […]

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mr. Mele Kyari, has highlighted the impact of fuel subsidy removal in curbing the smuggling of Premium Motor Spirit (PMS) across Nigeria’s borders. Speaking during an interview with Channels TV on Sunday, Kyari explained that the subsidy previously created a significant price […]


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