Alibaba Philanthropy and the Jack Ma Foundation have unveiled a $1.5 million grant initiative aimed at empowering African innovators tackling some of the continent’s most urgent challenges. This announcement coincides with the launch of the 8th edition of Africa’s Business Heroes (ABH), a flagship entrepreneurship program dedicated to spotlighting and supporting visionary founders across Africa. […]
The Nigerian Ports Authority (NPA) has disclosed that no fewer than 33 vessels loaded with petroleum products, food items, and various other consignments are projected to berth at Lagos ports within the week. According to the authority’s Daily Shipping Position report, these ships are scheduled to arrive between March 2 and March 8 across the […]
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The Nigerian Ports Authority (NPA) has confirmed the arrival of eight cargo vessels at major Lagos seaports, including Lekki Port, Tin-Can Island Port, and Apapa Port, where they are currently positioned and awaiting clearance to begin discharge operations. These ships are conveying a range of essential consignments made up of bulk urea, sugar, gypsum, base […]
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Companies across major sectors of the Nigerian economy are currently contending with extremely high borrowing costs as banks have increased their maximum lending rates to as much as 46 per cent. This challenging credit environment is placing significant strain on businesses’ ability to access affordable financing and expand operations, especially for those considered higher risk. An […]
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Nigeria is taking a decisive step toward industrial growth and economic diversification with the unveiling of the Nigerian Industrial Policy (NIP). The policy is strategically designed to boost value addition, enhance industrial capacity, create employment opportunities, and elevate the manufacturing sector’s contribution to the nation’s Gross Domestic Product (GDP) to an ambitious 25 percent. According […]
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Financial markets worldwide are on edge following reports that the European Parliament plans to suspend approval of the US trade deal agreed in July 2025. Sources close to the Parliament’s international trade committee indicate that the formal announcement is expected in Strasbourg, France, this Wednesday. This decision represents a fresh escalation in US–Europe trade tensions, […]
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Ogun State Governor, Dapo Abiodun, on Tuesday officially unveiled the Laderin–Professor Wole Soyinka Train Station Road in Abeokuta, the state capital, while also revealing plans to commission 20 additional road projects across different parts of the state. The governor explained that the upcoming road inaugurations are part of activities lined up to commemorate Ogun State’s […]
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Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday received the Director-General of the Annual Investment Meeting (AIM) Congress, Mr. Walid Farghal, at the Lagos House in Marina. The meeting, according to the governor, was a constructive engagement centered on areas where Lagos State is actively seeking increased inflows of foreign investment. He explained that the […]
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Nigeria’s importation of crude oil from the United States recorded a sharp increase within the first ten months of 2025, reaching more than 42 million barrels, according to newly released industry data. Statistics published by the United States Energy Information Administration (EIA) show that between January and October 2025, Nigeria imported approximately 42.13 million barrels […]
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Nigeria’s engagement with cryptocurrency has always been layered with complexity, yet its importance has never been in doubt. As digital finance accelerates globally and local economies adjust to new financial realities, the decision to formally integrate digital assets into Nigeria’s taxation system represents one of the most impactful policy shifts within the country’s fintech landscape. […]
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Nigeria recorded a significant rise in crude oil imports from the United States in 2025, with total purchases reaching 42.13 million barrels within the first ten months of the year. This data was released by the United States Energy Information Administration (EIA) and highlights a notable shift in Nigeria’s crude oil sourcing strategy. When compared […]
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The Nigerian Ports Authority (NPA) has officially disclosed that a total of 14 vessels have arrived at Lagos ports, where they are presently positioned and awaiting clearance to berth and offload their cargo. According to details contained in the Shipping Position bulletin issued by the authority on Friday, the vessels are distributed across key maritime […]
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Dangote Cement Plc has once again demonstrated its commitment to strengthening partnerships across its distribution network by rewarding its top-performing distributors and loyal customers with incentives valued at ₦15 billion. The recognition was announced during the 2026 Dangote Cement Distributors’ Awards Night, which took place in Lagos. The event brought together key distributors from across […]
