https://www.newslocker.com/en-ng/news/nigeria-economy-news/en-ngCopyright (C) 2026 newslocker.comSat, 06 Jun 2026 12:42:00 +0200 Akwa Ibom state governor pastor Umo Eno has engaged technical partners Africa Global Logistics (AGL) in different technical sessions in Paris for the realization of Ibom Deepsea project.
It was gathered that the technical sessions reviewed the recently submitted Technical Feasibility Report prepared by Worley Parsons and also examined critical pathways for investment, project implementation and long-term sustainability.
 
A statement issued by the Commissioner of Informa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ibom-deep-sea-port-eno-leads-technical-session-with-project-partners-in-france/Sat, 06 Jun 2026 12:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ibom-deep-sea-port-eno-leads-technical-session-with-project-partners-in-france/  
A major showdown between Nigerian telecom consumers and service providers is set to unfold as MTN Nigeria launches an unprecedented public hearing aimed at addressing growing concerns over data depletion, billing transparency and consumer trust.
 
Tagged “Data on Trial,” the initiative will subject MTN’s data management, measurement and billing processes to public scrutiny, allowing customers, industry experts, media professionals, digital conten]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/mtn-opens-systems-to-public-scrutiny-as-data-on-trial-hearing-tackles-data-depletion-concerns/Sat, 06 Jun 2026 12:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/mtn-opens-systems-to-public-scrutiny-as-data-on-trial-hearing-tackles-data-depletion-concerns/ The Federal Government has reaffirmed its commitment to the actualisation of the Agge Deep Sea Port project in Bayelsa State, describing it as a strategic infrastructure initiative that will drive economic growth, create jobs, and attract both local and foreign investments to the Niger Delta region.
In a statement issued in Abuja on Wednesday, the Minister of Marine and Blue Economy, Adegboyega Oyetola, said the Agge Deep Sea Port remains a key priority of the Federal Govern]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-reiterates-commitment-to-actualisation-of-agge-deep-sea-port/Fri, 05 Jun 2026 12:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-reiterates-commitment-to-actualisation-of-agge-deep-sea-port/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-economic-recalibration-good-for-business-jumia-ceo/Fri, 05 Jun 2026 07:11:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-economic-recalibration-good-for-business-jumia-ceo/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-unveils-new-fx-guidelines-approves-cash-movement-of-50000/Fri, 05 Jun 2026 06:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-unveils-new-fx-guidelines-approves-cash-movement-of-50000/ nwekemaduka88@gmail.com 
 
Lagosians living in government-owned residential estates are angry and understandably so.
What began as a government regulation over solar panel installation in Lagos State-owned estates has spiralled into a fierce public debate over governance, taxation, housing failure and the limits of state control in a city battling deepening economic hardship.
As they call for the regulation to be scrapped, they insist the government is punishing them fo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/residents-to-lasg-scrap-solar-tax-dont-punish-us-for-escaping-darkness/Fri, 05 Jun 2026 03:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/residents-to-lasg-scrap-solar-tax-dont-punish-us-for-escaping-darkness/  
By Chinelo Obogo    
talktonelo@yahoo.comThe 2026 Middle East conflict, which broke out in late February and led to the closure of the Strait of Hormuz, rattled global energy markets, disrupted fuel supply chains and triggered shortages across Africa, Asia, and Europe.
In Nigeria, there was a reverberating effect. The cost of kerosene surged from N900 to over N2,000 per litre. Aviation fuel increased from]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-airlines-are-navigating-nigerias-jet-fuel-challenge/Fri, 05 Jun 2026 03:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-airlines-are-navigating-nigerias-jet-fuel-challenge/ At a time when Nigeria is redefining its economic trajectory and global relevance, its airports, long seen as mere transit points, are being reimagined as gateways of growth and engines of economic value.
In this interview, the Director of Public Affairs and Consumer Protection, Henry Agbebire at the Federal Airports Authority of Nigeria (FAAN)speaks on the transformation of the nation’s airports under the leadership of the Managing Director, Olubunmi Kuku.
How]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fgs-renewed-hope-agenda-driving-faans-transformation-agbebire-director-public-affairs/Fri, 05 Jun 2026 03:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fgs-renewed-hope-agenda-driving-faans-transformation-agbebire-director-public-affairs/ The federal government has warned the employers of dockworkers that it will no longer tolerate any organisation that fails to prioritise the welfare, safety and wellbeing of dockworkers at the nation’s ports.
The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola gave the warning on Thursday at the 2026 Dockworkers Day celebration organised by the Shipping Correspondents Association of Nigeria (SCAN) in Lagos.
Speaking at the event, themed “Green Ports: Susta]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-to-dock-employers-protect-workers-or-face-sanctions/Fri, 05 Jun 2026 03:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-to-dock-employers-protect-workers-or-face-sanctions/ The appointment was formalised during a working meeting between NAICOM and EY in Abuja as part of the Commission’s ongoing efforts to transitio]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/naicom-engages-ernst-amp-young-to-drive-risk-based-capital-framework-for-insurance-industry/Fri, 05 Jun 2026 03:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/naicom-engages-ernst-amp-young-to-drive-risk-based-capital-framework-for-insurance-industry/ The Group Managing Director, Zedvance Group, Adedayo Amzat, disclosed this on Tuesday at the Zedvance Business Roundtable themed “Unlocking Growth: The Role of Smart Financing in Building]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/zedvance-pledges-n500bn-sme-drive-shifts-lending-to-productive-sector/Fri, 05 Jun 2026 03:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/zedvance-pledges-n500bn-sme-drive-shifts-lending-to-productive-sector/ The Group Managing Director, Zedcrest Group, Adedayo Amzat, disclosed this on Tuesday at the Zedvance Business Roundtable themed “Unlocking Growth: The Role of Smart Financing in Building]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/zedcrest-pledges-n500bn-sme-drive-shifts-lending-to-productive-sector/Fri, 05 Jun 2026 03:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/zedcrest-pledges-n500bn-sme-drive-shifts-lending-to-productive-sector/ Sovereign Trust Insurance Plc has strengthened its financial position by paying the required N1.5 billion statutory deposit to the Central Bank of Nigeria (CBN), ahead of the regulatory deadline set for insurance companies.
The deposit was made in compliance with a directive from the National Insurance Commission (NAICOM), which requires insurers to lodge 10 per cent of their minimum capital with the CBN under the provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 202]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sti-meets-n15bn-cbn-capital-requirement-ahead-of-deadline/Fri, 05 Jun 2026 03:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sti-meets-n15bn-cbn-capital-requirement-ahead-of-deadline/ Ekpo stated this on Thursday, at the 5th Ministerial Meeting of the Steering Committee of the TSGP involving Nigeria, Algeria and Niger, at a meeting with Algerian President, Abdelmadjid Tebboune.The Minister reaffirmed Nigeria’s commitment to the successful delivery of th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-others-strengthen-africas-energy-security-with-trans-saharan-gas-pipeline-project/Fri, 05 Jun 2026 03:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-others-strengthen-africas-energy-security-with-trans-saharan-gas-pipeline-project/ The bank said the platform remains a strategic avenue for entrepreneurs, creatives and business owners to showcase their products and services, engage customers, expand professional networks and drive business growth.
According to the bank, its partnership with Fashion Souk h]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/wema-bank-reaffirms-support-for-women-entrepreneurs-small-businesses/Fri, 05 Jun 2026 02:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/wema-bank-reaffirms-support-for-women-entrepreneurs-small-businesses/ In line with the growing demand for internet connectivity in Nigeria’s increasingly data-driven economy, Globacom said the new offer reinforces its position as a customer-focused network by providing subscribers with over 10 per]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/glo-introduces-more-data-more-value-to-improve-customers-digital-lifestyle/Fri, 05 Jun 2026 02:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/glo-introduces-more-data-more-value-to-improve-customers-digital-lifestyle/ The Debt Management Office (DMO), on Wednesday, raised N1.46 trillion from the sale of Nigerian Treasury Bills (NTBs) after investors showed overwhelming interest in the government securities.
The auction attracted total bids of N2.16 trillion, far above the N1.0 trillion worth of Treasury Bills initially offered by the DMO. This means demand exceeded supply by 116 per cent, highlighting the strong appetite among investors for government-backed investment instruments.
Treasu]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dmo-sells-n146trn-treasury-bills-amid-116-oversubscription/Fri, 05 Jun 2026 02:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dmo-sells-n146trn-treasury-bills-amid-116-oversubscription/ The programme, which is supported by fcmb.com, was unveiled in Abuja on Monday during a high-level gathering of governme]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-backs-land-fund-for-500000-young-agripreneurs/Fri, 05 Jun 2026 02:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-backs-land-fund-for-500000-young-agripreneurs/ BPP’s Director General, Adebowale Adesokan, handed down the warning at the Procurement Evolution Day, yesterday in Abuja.
He declared that the government would not hesitate to blacklist erring contractors, given the non-interference of President Bola Tinubu.
Already, Adesokan disclosed that the government had significantly reduced unnecessary bottleneck]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/procurement-code-violators-risk-severe-sanctions-bpp/Fri, 05 Jun 2026 02:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/procurement-code-violators-risk-severe-sanctions-bpp/ International students from Nigeria are facing renewed financial pressure after the Central Bank of Nigeria (CBN) introduced a $25,000 per semester cap on foreign exchange payments for tuition, tightening access to official funding channels for overseas education.
According to the CBN Foreign Exchange (FX) Manual, 4th Edition, released on Wednesday, the policy, issued through updated guidelines to authorised dealer banks, restricts the amount of foreign exchange that can be]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/international-students-groan-as-cbn-restricts-tuition-payments-to-25000-per-semester/Fri, 05 Jun 2026 02:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/international-students-groan-as-cbn-restricts-tuition-payments-to-25000-per-semester/