Nigeria’s business environment is increasingly at risk from rising cyberattacks and weak data protection practices, the Chief Executive Officer of Glemad, David Idris, has warned. Speaking in an interview, Idris said small and medium-sized enterprises (SMEs) are the most vulnerable,…
The Accountant-General of the Federation, Shamsedeen Ogunjimi, has disclosed that Nigeria’s Excess Crude Account (ECA) now holds a balance of $535,823.39 as of August 2025. Ogunjimi, represented by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun,…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Bayo Ojulari, has admitted that rehabilitating Nigeria’s refineries has been a daunting challenge after decades of abandonment. Ojulari, who disclosed this while receiving a delegation from the…
The Nigeria Customs Service (NCS), Federal Operations Unit, Zone A, Ikeja, on Tuesday, transferred three truckloads of expired pharmaceutical products valued at N3.7 billion to the National Agency for Food and Drug Administration and Control (NAFDAC). This was disclosed in…
Air Peace has marked a major milestone in Nigerian aviation with the successful operation of a direct flight between São Paulo and Lagos, carrying members of Nigeria’s official delegation alongside Brazilian private-sector leaders. The achievement follows the signing of a…
Founder of Avon HMO and Avon Medical, Dr. Awele Elumelu, has urged both local and international investors to take advantage of Nigeria’s vast potential, describing the country as a “goldmine waiting to be unlocked.” Elumelu, who also serves as Co-Founder…
The Senator representing Osun East, Francis Fadahunsi, has applauded President Bola Ahmed Tinubu for preventing Nigeria’s economy from sinking into total collapse, noting that the current administration inherited a near-broken system. Speaking with journalists on Tuesday at his country home…
Nigeria and Brazil have signed a Bilateral Air Service Agreement (BASA) aimed at opening direct flight routes between both countries and deepening economic, cultural, and diplomatic ties. The agreement was concluded on Monday during President Bola Tinubu’s state visit to…
By Tamunoemi Briggs – Nigeria’s electricity supply has remained stagnant at around 5,500 megawatts, despite repeated promises to boost generation to at least 6,000MW. This comes as the Nigerian Electricity Regulatory Commission (NERC) officially transferred regulatory oversight of the electricity…
The Apapa Area Command of the Nigeria Customs Service (NCS) has generated ₦161 billion in revenue within a three-week period using the Unified Customs Management System, popularly known as B’Odogwu. The Customs Area Controller for Apapa Command, Babajide Olomu, disclosed…
President Bola Ahmed Tinubu has signed a historic Bilateral Air Service Agreement (BASA) with Brazil, opening the way for direct flights between Nigeria and South America’s largest economy. The agreement was concluded on Monday during Tinubu’s official state visit to…
The Nigeria Customs Service (NCS) has uncovered undeclared foreign currencies totaling $2.209 million at major airports across the country between January and July 2025. The interceptions were recorded at Murtala Muhammed International Airport, Lagos; Nnamdi Azikiwe International Airport, Abuja; and…
The much-anticipated fuel distribution scheme of the Dangote Petroleum Refinery is set to begin soon, following the arrival of 1,000 Compressed Natural Gas (CNG)-powered trucks in Nigeria. The trucks, part of a 4,000-unit fleet ordered from China, will enable the…
Lagos will in December host a large-scale cultural and tourism exhibition aimed at repositioning Nigeria’s underdeveloped tourism sector. The three-day event, organised by Migbaci Expo, is expected to draw more than 15,000 industry stakeholders locally and internationally, with an even…
The Central Bank of Nigeria (CBN) raised about N8.99 trillion through Treasury Bills (T-Bills) in the first seven months of 2025, reflecting strong investor appetite for naira assets amid persistent inflationary pressures. The amount represents a 4.1% decline compared to…