Business news
Alake Urges African Nations to Halt Raw Mineral Exports, Push Local Processing
The Minister of Solid Minerals Development, Dr. Dele Alake, has called on African nations to assert sovereign control over their...
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FirstBank Strengthens UNGC Partnership to Drive Sustainable Finance and Development
FirstBank, West Africa’s premier financial institution and leading provider of financial inclusion services, has reinforced its commitment to sustainable development...
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Asian Shares Dip as Fed Rate-Cut Hopes Fade After U.S. Inflation Update
Asian markets declined on Wednesday as traders scaled back expectations of aggressive interest rate cuts by the U.S. Federal Reserve,...
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Deutsche Bank Leads $747 Million Syndicated Loan for Lagos-Calabar Coastal Highway Phase 1
In a landmark move for infrastructure financing in Nigeria and West Africa, Deutsche Bank has led a $747 million syndicated...
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Rising Transport Costs Threaten AfCFTA Goals, Nigerian Exporters Warn
The surging cost of transporting goods across borders in sub-Saharan Africa is raising concerns among trade experts, who fear it...
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NCC Introduces N10m Licence for Bulk International SMS to Curb Fraud, Spam
The Nigerian Communications Commission (NCC) has rolled out a new regulation mandating all companies that send bulk international text messages,...
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Senate Passes Bill Mandating 30% Local Processing of Exported Raw Materials
In a significant policy shift aimed at accelerating industrialisation and enhancing local manufacturing, the Nigerian Senate has passed a bill...
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Reps Push for Full Enforcement of 5% Petroleum User Charge to Fund Road Maintenance
The House of Representatives has reaffirmed its commitment to ensuring the full implementation of the 5% user charge on petroleum...
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FG Seeks $60m Climate Finance for Green Energy Hubs, Airport Hybrid Project
The Federal Government of Nigeria has commenced talks with international financial institutions to secure over $60 million in climate finance...
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Nigeria Accelerates AfCFTA Implementation Ahead of IATF2025 to Boost Continental Trade
Nigeria is fast-tracking the implementation of the African Continental Free Trade Area (AfCFTA) to unlock wider trade and investment opportunities...
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