https://www.newslocker.com/en-ng/news/nigeria-economy-news/en-ngCopyright (C) 2026 newslocker.comThu, 30 Jul 2026 15:27:00 +0200 Wamakko, in a statement, complained that millions of Nigerians are struggling to afford decent accommodation, stressing that the government must continue to seek lasting solutions.
The Chairman/Chief Executive Officer of Jedo Investment Company suggested that the conversation must be anchored on the real]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/rising-building-costs-prompts-call-for-state-of-emergency/Thu, 30 Jul 2026 15:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rising-building-costs-prompts-call-for-state-of-emergency/https://www.newslocker.com/en-ng/news/nigeria-economy-news/atm-transactions-rise-208-to-n89trn/Thu, 30 Jul 2026 14:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/atm-transactions-rise-208-to-n89trn/ IMT is West Africa’s premier platform for dialogue between the insurance and technology sectors.
The early commitment from these organisations, secured ahead of the conference scheduled for Friday, September 18, 2026, in Ikeja, Lagos, reflects the increasingly interconnected nature of Nigeri]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/industry-heavyweights-back-insurance-supertech-confab/Thu, 30 Jul 2026 11:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/industry-heavyweights-back-insurance-supertech-confab/ The Bauchi State Government has secured a US$91.6 million financing facility from the ECOWAS Bank for Investment and Development (EBID) to fund the construction and rehabilitation of 24 critical roads and bridge projects across the state.
The financing agreement was formally signed on Wednesday at the headquarters of EBID in Lomé, Togo, where Governor Bala Mohammed led a high-powered delegation representing the Bauchi State Government.
The governor was accompanied]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/bauchi-secures-us916m-ebid-loan-for-24-roads-bridge-projects/Thu, 30 Jul 2026 10:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/bauchi-secures-us916m-ebid-loan-for-24-roads-bridge-projects/ In a remark, the Chief Executive Officer of NGX, Jude Chiemeka, welcomed Stanbic IBTC to The]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/stanbic-ibtc-reinforces-investor-confidence-with-ngx-closing-gong/Thu, 30 Jul 2026 09:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stanbic-ibtc-reinforces-investor-confidence-with-ngx-closing-gong/ Governor Bala Mohammed announced this on Tuesday while hosting a delegation from Saudi Arabia’s Golden Group, led by its Chief Executive Officer, Muhammad Faisal Al-Harbi, at the Government House in Bauchi.
The governor said his administration is committed to making Bauchi an attractive destination for]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/bauchi-secures-57bn-saudi-investment-commitments-across-key-economic-sectors/Thu, 30 Jul 2026 09:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/bauchi-secures-57bn-saudi-investment-commitments-across-key-economic-sectors/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fgs-crude-export-earnings-dip-14-to-3154bn-in-2025-cbn/Thu, 30 Jul 2026 08:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fgs-crude-export-earnings-dip-14-to-3154bn-in-2025-cbn/https://www.newslocker.com/en-ng/news/nigeria-economy-news/bank-customers-complaints-rise-11-as-cbn-orders-n19bn-refunds/Thu, 30 Jul 2026 07:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/bank-customers-complaints-rise-11-as-cbn-orders-n19bn-refunds/ The Central Bank of Nigeria (CBN) has dismissed concerns over the apparent scarcity of coins and lower-denomination banknotes, clarifying that they have not been withdrawn from circulation.Instead, the apex bank said their declining visibility reflects Nigerians’ growing preference for digital and electronic payment channels, rather than any policy to phase them out.Fielding questions from newsmen after the 306th Monetary Policy Committee (MPC) meeting, Cardoso while s]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-coins-lower-denomination-notes-are-scarce-cardoso/Thu, 30 Jul 2026 05:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-coins-lower-denomination-notes-are-scarce-cardoso/ The unaudited financial results released on the Nigerian Exchange (NGX) on Monday showed that the Group’s PBT rose from N79.1 billion recorded in the corresponding period of 2025.
The Group also posted a 27.8 per cent increase in gross earnings to N676.2 billion, up from N52]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-group-posts-n1573bn-h1-pbt-gross-earnings-rise-28/Thu, 30 Jul 2026 05:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-group-posts-n1573bn-h1-pbt-gross-earnings-rise-28/ The commitment was made during a courtesy visit by ACAMB’s leadership to the newly inaugurated 24th President and Chairman of Council of CIBN, Dr Dele Alabi, where both organisations agreed to work]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cibn-acamb-unite-to-deepen-financial-inclusion-women-empowerment/Thu, 30 Jul 2026 05:11:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cibn-acamb-unite-to-deepen-financial-inclusion-women-empowerment/ The figures are contained in the apex bank’s 2025 Annual Report and Statement of Accounts, which also showed that foreign printing firms handled the larger share of the production programme.
According to the report, the Nigerian S]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-approved-printing-of-571bn-banknotes-in-2025-as-cash-demand-rose/Thu, 30 Jul 2026 05:09:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-approved-printing-of-571bn-banknotes-in-2025-as-cash-demand-rose/ The apex bank disclosed this in its 2025 Annual Report and Statement of Accounts, revealing that consumer credit fell by 19.89 per cent from N4.72 trillion recorded in 2024.
According to the CBN, the contraction was largely driven by a sharp decline in personal]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/consumer-borrowing-drops-to-n38trn-first-decline-in-6-years/Thu, 30 Jul 2026 05:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/consumer-borrowing-drops-to-n38trn-first-decline-in-6-years/ The disruption comes at a critical time for the Federal Government, which is banking on higher crude oil production to boost reven]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/exxonmobil-force-majeure-threatens-200000-bpd-output-puts-nigerias-oil-revenue-at-risk/Thu, 30 Jul 2026 05:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/exxonmobil-force-majeure-threatens-200000-bpd-output-puts-nigerias-oil-revenue-at-risk/ The new Galaxy Z Fold8 Ultra and Galaxy Z Fold8, another step forward in smartphone innovation, are powered by the Snapdragon 8 Elite Gen 5 for Galaxy processor, delivering faster performance, enhanced Galaxy AI features and improved multitasking.
The event featured live de]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/glo-holds-another-masterclass-for-new-galaxy-foldable-phones/Thu, 30 Jul 2026 05:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/glo-holds-another-masterclass-for-new-galaxy-foldable-phones/ The Managing Director of NPA, Dr Abubakar Dantsoho, made the call while receiving the Flag Officer Commanding (FOC), Western Naval Command, Rear Admiral Abubakar Mustapha, during a courtesy visit to the Authority’s headq]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/npa-seeks-stronger-naval-support-to-safeguard-eastern-ports/Thu, 30 Jul 2026 04:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/npa-seeks-stronger-naval-support-to-safeguard-eastern-ports/ Manufacturers also contend with rising insurance cos]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/leveraging-insurance-reform-to-transform-nigerias-manufacturing-sector/Thu, 30 Jul 2026 04:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/leveraging-insurance-reform-to-transform-nigerias-manufacturing-sector/ He also warned that the scale of the collapse exposes a deepening crisis in the sector, describing it as an existential threat to Nigeria’s economic foundation.
He disclosed the figures]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/oye-raises-alarm-as-8m-businesses-collapse-in-18-months/Thu, 30 Jul 2026 04:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oye-raises-alarm-as-8m-businesses-collapse-in-18-months/ They made the call at the 33rd Annual General Meeting of the Paint Manufacturers Association of Nigeria (PMA), themed, “Future of Nigeria’s Paint Industry: Strategy for Growth and Sustainability.”
Chairman of PMA and Group Managing Director of Chemstar Industries Limited, Adeda]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/experts-seek-reforms-to-unlock-growth-in-nigerias-paint-industry/Thu, 30 Jul 2026 04:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/experts-seek-reforms-to-unlock-growth-in-nigerias-paint-industry/ The Pink Fleur Foundation says it has empowered more than one million women across Nigeria with financial knowledge, entrepreneurial skills and access to opportunities aimed at helping them build wealth and achieve long-term financial security.
Speaking during a recent women empowerment campaign in Abuja, the Founder of the foundation, Zainab Salihijo, said the organisation was established to address the economic challenges facing women, particularly those in underserve]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/pink-fleur-foundation-empowers-1m-women-boosts-financial-inclusion/Thu, 30 Jul 2026 04:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/pink-fleur-foundation-empowers-1m-women-boosts-financial-inclusion/ This comes as firms accelerate restructuring efforts driven by artificial intelligence, cost optimisation and changing business priorities.
A report by Nairametrics showed that the 10 largest technology layoffs announced globally this year affected more than 76,000 employees, with industry giants including Oracle, Amazon, Dell Technologies, Meta, Microsoft, Cisco, Intuit, Atl]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ai-reshapes-big-tech-as-over-76000-jobs-disappear-in-2026/Thu, 30 Jul 2026 04:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ai-reshapes-big-tech-as-over-76000-jobs-disappear-in-2026/ The Central Bank of Nigeria (CBN) has said Nigeria’s recent monetary and foreign exchange reforms demonstrate that economic recovery is achievable when difficult policy decisions are implemented consistently, but warned that such reforms alone cannot deliver Africa’s long-term growth ambitions.
Speaking at the opening of the 7th Africa Emerging Markets Forum in Abuja on Wednesday, the CBN’s Deputy Governor for Corporate Services, Muhammad Abdullahi, said Afr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-reforms-show-recovery-is-possible-says-cbn/Thu, 30 Jul 2026 04:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-reforms-show-recovery-is-possible-says-cbn/https://www.newslocker.com/en-ng/news/nigeria-economy-news/united-nigeria-airlines-boss-bags-aeronautical-engineers-gold-award/Thu, 30 Jul 2026 04:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/united-nigeria-airlines-boss-bags-aeronautical-engineers-gold-award/ The unaudited results released by the company on Wednesday showed that profit after tax rose to N50.3 billion in the six months ended June 30, 2026, from the corresponding period of 2025, while profi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sterling-financial-grows-h1-profit-by-20-balance-sheet-nears-n5trn/Thu, 30 Jul 2026 04:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sterling-financial-grows-h1-profit-by-20-balance-sheet-nears-n5trn/ The company disclosed this during its H1 2026 Investor Call held on Tuesday, where it engaged institutional investors, shareholders, analysts, regulators and other stakeholders on its financial performance, strategic direction a]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/africa-prudential-posts-n159bn-h1-profit/Thu, 30 Jul 2026 04:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/africa-prudential-posts-n159bn-h1-profit/ The approval covers the allotment of 9,236,321,546 ordinary shares of 50 kobo each at N2.00 per share and brings the insurer closer to completing its capital-raisi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/recapitalisation-lasaco-secures-sec-approval-for-share-allotment/Thu, 30 Jul 2026 04:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/recapitalisation-lasaco-secures-sec-approval-for-share-allotment/ The disruption comes at a critical time for the Federal Government, which is banking on higher crude oil production to boost revenue, s]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-oil-revenue-output-at-risk-as-exxonmobil-declares-force-majeure/Wed, 29 Jul 2026 22:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-oil-revenue-output-at-risk-as-exxonmobil-declares-force-majeure/ Speaking at the 7th Africa Emerging Markets Forum in Abuja on Wednesday, Okonjo-Iweala said Africa could no longer depend on exporting raw commodities while other regions reap the b]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/africa-must-embrace-ai-renewable-energy-to-stay-competitive-okonjo-iweala/Wed, 29 Jul 2026 21:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/africa-must-embrace-ai-renewable-energy-to-stay-competitive-okonjo-iweala/ Speaking during a fireside conversation with the Governor of the Central Bank of Nigeria, Olayemi Cardoso, at the 7th African Caucus Meeting in Abuja, Okonjo-Iweala said women have a critical role to play in driving economic]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/okonjo-iweala-more-women-leaders-will-boost-africas-growth/Wed, 29 Jul 2026 21:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/okonjo-iweala-more-women-leaders-will-boost-africas-growth/ The forum brought together travel partners and industry stakeholders to showcase the airline’s regional expansion plans, highlight new commerc]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/air-peace-rallies-travel-agencies-ahead-of-august-1-launch-of-4-regional-routes/Wed, 29 Jul 2026 21:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/air-peace-rallies-travel-agencies-ahead-of-august-1-launch-of-4-regional-routes/ Speaking at the opening of the 7th Africa Emerging Markets Forum in Abuja on Wednesday, the CBN’s Deputy Governor for Corporate Services, Muhammad Sani Abdullahi, said African countries]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-reforms-show-recovery-is-possible-cbn/Wed, 29 Jul 2026 20:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-reforms-show-recovery-is-possible-cbn/ The order was made on 17 July 2026 by the High Court sitting in Port Harcourt in Suit No. NHC/1/CS/2025, filed by Deep Offshore Services Nigeria Limited against the NPA and ICTSI Nigeri]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/court-freezes-activities-at-onne-port-berth-12-warns-contending-parties-against-transactions/Wed, 29 Jul 2026 17:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/court-freezes-activities-at-onne-port-berth-12-warns-contending-parties-against-transactions/ The National Insurance Commission (NAICOM) has restated its commitment to nurturing the growth of Takaful and microinsurance in Nigeria, positioning them as vital tools for financial inclusion.During a courtesy visit by the Board and Management of Noor Takaful led by the Chairman of the Company,  Amb. Shuaibu Ahmad, the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin commended the company’s progress and urged greater ambition in expanding market reach, driving prod]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/naicom-reaffirms-commitment-to-insurance-growth-as-noor-takaful-marks-decade-milestone/Wed, 29 Jul 2026 09:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/naicom-reaffirms-commitment-to-insurance-growth-as-noor-takaful-marks-decade-milestone/https://www.newslocker.com/en-ng/news/nigeria-economy-news/ava-capital-set-for-ngx-listing-to-strengthen-market-visibility/Wed, 29 Jul 2026 06:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ava-capital-set-for-ngx-listing-to-strengthen-market-visibility/https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-agents-threaten-protest-over-alleged-manifest-manipulation-by-shipping-firms/Wed, 29 Jul 2026 06:46:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-agents-threaten-protest-over-alleged-manifest-manipulation-by-shipping-firms/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-risks-losing-africas-tech-investment-edge-lcci-warns/Wed, 29 Jul 2026 06:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-risks-losing-africas-tech-investment-edge-lcci-warns/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-loses-62400gwh-electricity-as-gas-flaring-rises-186/Wed, 29 Jul 2026 06:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-loses-62400gwh-electricity-as-gas-flaring-rises-186/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nass-commends-sec-on-fiscal-sustainability-revenue-growth/Wed, 29 Jul 2026 06:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nass-commends-sec-on-fiscal-sustainability-revenue-growth/https://www.newslocker.com/en-ng/news/nigeria-economy-news/sampp-global-buys-majority-stake-in-nigeriarsquosnbsp-agusto-amp-co/Wed, 29 Jul 2026 06:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sampp-global-buys-majority-stake-in-nigeriarsquosnbsp-agusto-amp-co/https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-depot-prices-drop-as-marketers-slash-rates-by-up-to-n23litre/Wed, 29 Jul 2026 06:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-depot-prices-drop-as-marketers-slash-rates-by-up-to-n23litre/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-loses-47-of-dollar-millionaires-retains-4th-position-in-africa/Wed, 29 Jul 2026 06:15:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-loses-47-of-dollar-millionaires-retains-4th-position-in-africa/ This warning came from Quest Merchant Bank, which said Nigeria’s growing dependence on foreign portfolio investments, often referred to as “hot money”, is increasing the country’s exposure to external risks, even as efforts to stabilise the]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/report-foreign-capital-inflows-boost-liquidity-raise-nigerias-external-risks/Wed, 29 Jul 2026 04:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/report-foreign-capital-inflows-boost-liquidity-raise-nigerias-external-risks/ According to a statement issued Monday by the Service’s National Public Relations Officer, Deputy Comptroller of Customs Abdullahi Maiwada, successful candidates have been advised t]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncs-releases-final-list-of-successful-asc-ii-recruits-activates-medical-certificate-portal-july-29/Wed, 29 Jul 2026 04:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncs-releases-final-list-of-successful-asc-ii-recruits-activates-medical-certificate-portal-july-29/ The conference, scheduled for Thursday, July 30, 2026, will focus on the theme, “Special Economic Zones as Catalysts to Sustainable Blue Economy.”]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ogfza-boss-to-chair-marcon-conference-on-sezs-blue-economy-growth/Wed, 29 Jul 2026 04:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ogfza-boss-to-chair-marcon-conference-on-sezs-blue-economy-growth/ The company, in a statement on Tuesday, described Badugela as one of its most respected leaders, noting that she played a key role in the growth and transformation of the business across the African continent.
It said that as CEO of MultiChoice Group Rest of Africa, Badugela led oper]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/canal-africa-celebrates-badugelas-20-year-legacy/Wed, 29 Jul 2026 04:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/canal-africa-celebrates-badugelas-20-year-legacy/ This is as it said that the real estate sector alone accounts for about 13.4 per cent of Nigeria’s Gross Domestic Product (GDP), at about N41 trillion, the third largest sector, ahead of telecommunications and the oil sector.Speaking at the Stakeholders’ Validati]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-records-650-building-collapses-1600-deaths-in-52-years-minister/Wed, 29 Jul 2026 04:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-records-650-building-collapses-1600-deaths-in-52-years-minister/https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-nigerias-energy-reforms-are-reshaping-oil-gas-industry/Wed, 29 Jul 2026 04:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-nigerias-energy-reforms-are-reshaping-oil-gas-industry/  
From Adanna Nnamani, Abuja and Henry UcheA worrisome paradox has played out in Nigeria for decades. There has been a spike in natural and man-made disasters without a corresponding increase in the number of insurance subscribers.
Most Nigerians are weathering the storm on their own, totally subbing insurance to shoulder their worries.Today, floods, fires, building collapses, road crashes and other disasters are destroying lives and assets across the country, y]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/uninsured-nation-why-most-nigerians-shun-insurance-battle-disasters-alone/Wed, 29 Jul 2026 04:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/uninsured-nation-why-most-nigerians-shun-insurance-battle-disasters-alone/ The experts argued that while governments at all levels have intensified efforts to close Nigeria’s estimated housing deficit through incre]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/insurers-push-housing-policy-reform-to-protect-investments/Wed, 29 Jul 2026 04:44:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/insurers-push-housing-policy-reform-to-protect-investments/ The new tariffs replace the blanket 10 per cent duty introduced earlier by President Donald Trump and took effect at midnight on Friday following the announcement.
According to the Office of the U.S. Trade Representative (USTR), the measures followed a five-month investigation into th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerian-exporters-urged-to-explore-new-frontiers-as-us-tariff-threatens-competitiveness/Wed, 29 Jul 2026 04:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerian-exporters-urged-to-explore-new-frontiers-as-us-tariff-threatens-competitiveness/ He, therefore, called on the National Assembly to urgently initiate legislation that would reserve critical aspects of Nigeria’s freight forwarding and customs brokerage busine]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/rising-foreign-grip-on-freight-forwarding-raises-security-concerns/Wed, 29 Jul 2026 04:39:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rising-foreign-grip-on-freight-forwarding-raises-security-concerns/ The development marks another milestone in the port’s integration into global shipping networks and is expected to enhance Nigeria’s connectivity to key international trade routes.
The maiden vessel call follows the launch of the Mediterranean West Africa Service (MA2), a new container service jointly o]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/hmm-one-opens-new-global-route-for-lekki-port/Wed, 29 Jul 2026 04:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/hmm-one-opens-new-global-route-for-lekki-port/ chinenyeanuforo@gmail.com
When conversations around Nigeria’s digital future come up, the spotlight often falls on internet speed, mobile subscriptions and network coverage. But behind every successful digital economy lies a far more complex ecosystem, one built on robust fibre infrastructure, secure digital systems and inclusive financial technology.
That reality took centre stage at the 2026 Nigeria Information Technology Reporters Association (NITRA) Innovative and S]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-fibre-internet-fintech-cybersecurityll-shape-nigerias-digital-future/Wed, 29 Jul 2026 03:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-fibre-internet-fintech-cybersecurityll-shape-nigerias-digital-future/ The launch, held in Lagos, also featured presentations by the Head of Mobile Experience at Samsung Electronics West Africa, Joy Tim-Ayoola; Head of Marketing Communications, Oge Maduagwu; and Product Manager, Mobile Exper]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/samsung-unveils-new-products/Wed, 29 Jul 2026 03:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/samsung-unveils-new-products/ Speaking at the Kgalema Motlanthe Foundation Winter Seminar held recently, Mupita said migration has always been part of Africa’s identity and should be viewed as an opportunity to drive economic growth instead of a threat.
According to him, Africa’s ra]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/mtn-ceo-seeks-end-to-xenophobia-backs-borderless-africa-for-growth/Wed, 29 Jul 2026 03:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/mtn-ceo-seeks-end-to-xenophobia-backs-borderless-africa-for-growth/ Founder and Chief Executive Officer of Mathesis Analytics Inc., Winston Osuchukwu, made the assertion in an article titled, “Three Interdependent Pillars Reshaping African Financial Infrastructure.”
He sai]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ai-data-intelligence-reshaping-africas-financial-infrastructure-expert/Wed, 29 Jul 2026 03:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ai-data-intelligence-reshaping-africas-financial-infrastructure-expert/ Speaking at the Nigeria Information Technology Reporters Association (NITRA) Innovative and Scientific Conference in Lagos, Idowu said financial technology (fintech) has become a major catalyst for bridging N]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fintech-key-to-unlocking-nigerias-183bn-digital-economy-remita/Wed, 29 Jul 2026 03:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fintech-key-to-unlocking-nigerias-183bn-digital-economy-remita/ The 2025 oil and gas licensing round appears to have changed that narrative.
By the time the curtain fell on the C]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/inside-nuprcs-transparent-bid-round-driving-nigerias-oil-rebound/Wed, 29 Jul 2026 03:16:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/inside-nuprcs-transparent-bid-round-driving-nigerias-oil-rebound/ The mission brought together Nigeria’s Comptroller-General of Customs Adewale Adeniyi; Fongod Nuvaga, Director-General of Cameroon Customs; Raouf Aboudou, Director-General of Benin Customs; Lonto Ndlovu]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-benin-cameroon-customs-chiefs-parley-to-deepen-intra-african-trade/Wed, 29 Jul 2026 03:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-benin-cameroon-customs-chiefs-parley-to-deepen-intra-african-trade/ Adighije said the appointments underscore the Federal Government’s determination to reposition NDPHC for greater efficiency and reinforce ongoing reforms aimed at ex]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ndphc-strengthens-leadership-with-two-new-eds/Wed, 29 Jul 2026 03:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ndphc-strengthens-leadership-with-two-new-eds/ Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and the National Union of Air Transport Employees (NUATE) have issued a fresh 7-day ultimatum to domestic airlines demanding the immediate remittance of outstanding 5% Ticket Sales Charges (TSC) owed to the Nigerian Civil Aviation Authority (NCAA) and other regulatory agencies.‎‎In a letter addressed to the Chairman of the Airline Operators of Nigeria (AON), and signed by the General Secretary of ATSSSAN]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/unions-issue-fresh-7-day-strike-notice-to-airlines-over-unpaid-ticket-charges/Tue, 28 Jul 2026 20:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/unions-issue-fresh-7-day-strike-notice-to-airlines-over-unpaid-ticket-charges/ The gas company also urged Nigeria to accelerate the commercialisation of its vast natural gas reserves before the global energy transition narrows the window of opportunity.
The Managing Director and Chief Executive Officer (CEO) of NLNG, Mr Adeleye Falade, disclosed this at the presentation of NLNG Facts and Figure]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nlng-eyes-trains-8-10-generates-150bn-revenue/Tue, 28 Jul 2026 18:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nlng-eyes-trains-8-10-generates-150bn-revenue/ Speaking at a capacity-building programme organised by the company in Abuja, the Chief Corporate Affairs Officer and General Manager, Corporate Affairs, Chevron Nigeria Limited, Mr Shola Odushelu, said the company has three Escravos gas plants that capture gas for storage and reuse.
Odushelu, who was represented by the Communications Manage]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/chevron-has-reduced-gas-flaring-by-98-says-odushelu/Tue, 28 Jul 2026 18:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/chevron-has-reduced-gas-flaring-by-98-says-odushelu/ The Chairman of the SPE Nigeria Council, Mr Francis Nwaochei, stated this at the pre-event press conference for the 49th Nigeria Annual International Conference and]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/2025-licensing-round-spe-defends-return-of-13-oil-blocks/Tue, 28 Jul 2026 18:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/2025-licensing-round-spe-defends-return-of-13-oil-blocks/ The issues will be discussed at the C-Suite Exclusive Masterclass Succession Blueprint Summit scheduled for August 19 and 20 in Lagos, where participants are expected to focus on succession plann]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/poor-succession-planning-puts-nigerian-businesses-at-risk-stakeholders-say/Tue, 28 Jul 2026 17:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/poor-succession-planning-puts-nigerian-businesses-at-risk-stakeholders-say/ The Director General of NAFDAC, Prof. Mojisola Adeyeye, said on Tuesday that the age]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nafdac-cracks-down-on-illegal-sachet-alcohol-producers/Tue, 28 Jul 2026 17:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nafdac-cracks-down-on-illegal-sachet-alcohol-producers/ The Port & Terminal Multiservices Limited (PTML) Area Command of the Nigeria Customs Service on Tuesday said that it has deployed the Electronic Cargo Tracking System (ECTS) at the PTML command.
Deputy Comptroller Nura Miko, Controller of the PTML Area Command, stated this during a Sensitisation Workshop at the PTML Conference Hall.
Miko announced that PTML has been selected as the second pilot command for the nationwide rollout of the ECTS, following the successful implement]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncs-deploys-electronic-cargo-tracking-system-at-ptml/Tue, 28 Jul 2026 16:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncs-deploys-electronic-cargo-tracking-system-at-ptml/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-data-localisation-directive-will-boost-investment-in-digital-infrastructure-gfa-co-founder-2/Tue, 28 Jul 2026 08:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-data-localisation-directive-will-boost-investment-in-digital-infrastructure-gfa-co-founder-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-data-localisation-directive-will-boost-investment-in-digital-infrastructure-gfa-co-founder/Tue, 28 Jul 2026 08:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-data-localisation-directive-will-boost-investment-in-digital-infrastructure-gfa-co-founder/https://www.newslocker.com/en-ng/news/nigeria-economy-news/sugar-nigeria-risks-losing-african-market-over-high-production-costs-2/Tue, 28 Jul 2026 08:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sugar-nigeria-risks-losing-african-market-over-high-production-costs-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/sugar-nigeria-risks-losing-african-market-over-high-production-costs/Tue, 28 Jul 2026 08:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sugar-nigeria-risks-losing-african-market-over-high-production-costs/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-risks-losing-african-market-over-high-production-costs-sugar-council-boss/Tue, 28 Jul 2026 08:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-risks-losing-african-market-over-high-production-costs-sugar-council-boss/https://www.newslocker.com/en-ng/news/nigeria-economy-news/boi-seeks-stronger-domestic-capital-to-drive-nigerias-devpt-agenda-2/Tue, 28 Jul 2026 08:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/boi-seeks-stronger-domestic-capital-to-drive-nigerias-devpt-agenda-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/boi-seeks-stronger-domestic-capital-to-drive-nigerias-devpt-agenda/Tue, 28 Jul 2026 08:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/boi-seeks-stronger-domestic-capital-to-drive-nigerias-devpt-agenda/https://www.newslocker.com/en-ng/news/nigeria-economy-news/new-eds-will-strengthen-ndphc-boost-transformation-agenda-adighije-2/Tue, 28 Jul 2026 08:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/new-eds-will-strengthen-ndphc-boost-transformation-agenda-adighije-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/new-eds-will-strengthen-ndphc-boost-transformation-agenda-adighije/Tue, 28 Jul 2026 08:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/new-eds-will-strengthen-ndphc-boost-transformation-agenda-adighije/https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-amp-gas-fg-confident-nigeria-will-pass-eiti-2026-validation-2/Tue, 28 Jul 2026 08:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-amp-gas-fg-confident-nigeria-will-pass-eiti-2026-validation-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-amp-gas-fg-confident-nigeria-will-pass-eiti-2026-validation/Tue, 28 Jul 2026 08:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-amp-gas-fg-confident-nigeria-will-pass-eiti-2026-validation/https://www.newslocker.com/en-ng/news/nigeria-economy-news/high-interest-rate-fg-borrowings-drive-rise-in-pension-investments-2/Tue, 28 Jul 2026 08:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/high-interest-rate-fg-borrowings-drive-rise-in-pension-investments-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/high-interest-rate-fg-borrowings-drive-rise-in-pension-investments/Tue, 28 Jul 2026 08:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/high-interest-rate-fg-borrowings-drive-rise-in-pension-investments/ According to market data obtained by Daily Sun, the banking system liquidity closed the week at N3.78 trillion, indicating that banks were still sitting on a large pool of cash despite a moderation from the previous week.The level of liquid]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/banks-channel-n378trn-surplus-cash-into-government-securities-as-cbn-holds-rates/Tue, 28 Jul 2026 05:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/banks-channel-n378trn-surplus-cash-into-government-securities-as-cbn-holds-rates/ From Adanna Nnamani, Abuja
A public policy advocate and engineer, Abdullahi Hashim, has said that Nigeria is paying a steep financial price for allowing foreign institutions to shape global perceptions of its economy, arguing that weak communication of economic reforms is costing the country billions in borrowing costs while undermining investor confidence.
Hashim made the assertion in a policy paper titled Narrative Sovereignty, where he]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/expert-wrong-economic-narrative-swelling-nigerias-borrowing-costs/Tue, 28 Jul 2026 05:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/expert-wrong-economic-narrative-swelling-nigerias-borrowing-costs/ Speaking with journalists on the sidelines of the association’s 16th Annual General Meeting (AGM) in Abuja, Oni said although]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/namb-calls-for-more-funds-friendlier-rules-for-microfinance-banks/Tue, 28 Jul 2026 05:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/namb-calls-for-more-funds-friendlier-rules-for-microfinance-banks/ With less than four years left before the expiration of the United Nations Sustainable Development Goals (SDGs) in 2030, the Federal Government has unveiled a fresh 10-year strategy aimed at transforming Nigeria’s agrifood system, a move that has triggered fresh debate over the country’s ability to achieve lasting food security after years of unfulfilled promises.
Part of the goal was intended to address hunger, malnutrition, safety of aquatic animals, clean wate]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/experts-assess-fgs-10-year-agrifood-plan-as-sdgs-deadline-nears/Tue, 28 Jul 2026 04:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/experts-assess-fgs-10-year-agrifood-plan-as-sdgs-deadline-nears/ The Federal Government has unveiled plans to harness the vast opportunities in Nigeria’s livestock sector as part of efforts to stimulate economic growth and attract private investment.
The Minister of Livestock Development, Alhaji Idi Maiha, announced the initiative while addressing a recent breakfast meeting of the Agro-Allied Group of the Niger]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-woos-us-private-investors-to-unlock-nigerias-livestock-potential/Tue, 28 Jul 2026 03:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-woos-us-private-investors-to-unlock-nigerias-livestock-potential/ Minister of Agriculture and Food Security, Abubakar Kyari, made the call yesterday while declaring open the 9th Africa Agricultural Science Week (AASW) and the 10th General Assembly of the Forum for Agric]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-seeks-greater-investment-in-agric-science-to-drive-food-security-growth/Tue, 28 Jul 2026 03:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-seeks-greater-investment-in-agric-science-to-drive-food-security-growth/ Founder and Group Managing Director of the company, Mr. John Alamu, disclosed that it has intensified implementation of its 150,000 Cocoa Farmers Empowerment Programme while expanding farm-to-warehouse traceability systems to ensure complianc]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/johnvents-expands-cocoa-programme-screens-50000-farms-for-deforestation-risks/Tue, 28 Jul 2026 03:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/johnvents-expands-cocoa-programme-screens-50000-farms-for-deforestation-risks/ Nigerian Exchange Group Plc (NGX Group) reported revenue of N17.60 billion for the six months ended June 30, 2026, representing an increase of 118 per cent from N8.08 billion recorded in the corresponding period of 2025, as stronger trading activity on the Nigerian capital market lifted transaction income and profitability.
The Group also declared an interim dividend of N1.30 per ordinary share, subject to the qualification date and payment timetable to be announced in line w]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ngx-group-revenue-doubles-to-n176bn-in-6-months/Tue, 28 Jul 2026 02:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ngx-group-revenue-doubles-to-n176bn-in-6-months/ The National Inland Waterways Authority (NIWA) has sought stronger collaboration with the Kogi Government to develop the state’s inland waterways and harness their economic potential.
Barr. Mukhtari Shagari, Chairman of NIWA Board of Directors, made the call when he led the management team of the authority on a courtesy visit to Gov. Ahmed Ododo at his official residence in Lokoja.
Shagari described Kogi as a state strategically endowed with inland waterways capable of cont]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/niwa-targets-stronger-partnership-with-kogi-to-modernise-inland-waterways/Tue, 28 Jul 2026 02:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/niwa-targets-stronger-partnership-with-kogi-to-modernise-inland-waterways/ The warning is contained in an affidavit filed by WASPAN Chairman, Ayo St]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/40m-nigerians-face-fresh-airtime-borrowing-disruption-as-fccpc-telcos-clash/Tue, 28 Jul 2026 02:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/40m-nigerians-face-fresh-airtime-borrowing-disruption-as-fccpc-telcos-clash/ The Chairman of the Alliance for Economic Research and Ethics, Dele Oye, has raised concern over the growing burden of high-interest digital loans in Nigeria, noting that poor and vulnerable Nigerians are being trapped in a cycle of debt by digital lending platforms charging more than 300 per cent interest annually.
Oye, in a statement titled “The Mathematics of Marginalization: Decoding Nigeria’s Poverty Premium,” said Nigeria’s economic system was increasin]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/oye-to-cbn-300-loan-app-interest-choking-nigerians/Tue, 28 Jul 2026 02:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oye-to-cbn-300-loan-app-interest-choking-nigerians/ The two-day forum, hosted by the CBN in collaboration with the Emerging Markets Forum (EMF) and the Centre for the Study of the Economies of Africa (CSEA), will bring together senior policy]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cardoso-okonjo-iweala-lead-talks-on-africas-economic-future/Tue, 28 Jul 2026 02:15:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cardoso-okonjo-iweala-lead-talks-on-africas-economic-future/ Nigeria could lose a meaningful amount in education-related foreign exchange outflows if the tougher UK study-visa environment pushes even a few thousand students elsewhere.
This is coming after the United Kingdom added Botswana, Mauritius and Tunisia to the list of countries whose nationals can apply for a Student visa without submitting upfront documentary proof of funds, under its differential evidence requirement.
The policy means eligible applicants from the three count]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-excluded-as-uk-slashes-student-visa-fund-requirement-for-botswana-2-others/Tue, 28 Jul 2026 02:09:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-excluded-as-uk-slashes-student-visa-fund-requirement-for-botswana-2-others/ The Federal Government has said that the African Continental Free Trade Area (AfCFTA) offers a  unique opportunity for Nigerian businesses to expand into new markets, as well as attract investment, create jobs and “strengthen regional value chains.”
The Minister of Industry, Jumoke Oduwole, stated this, on Monday, at a public hearing, organised by the House of Representatives Committee on Commerce on the AfCFTA Domestication Bill and 12 others.
Oduwole,]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-afcfta-offers-unique-opportunity-to-nigeria-businesses/Mon, 27 Jul 2026 19:15:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-afcfta-offers-unique-opportunity-to-nigeria-businesses/ The warning is contained in an affidavit deposed to by WASPAN Chairman, Ayo S]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/over-40m-telecom-subscribers-risk-fresh-airtime-lending-disruption/Mon, 27 Jul 2026 15:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/over-40m-telecom-subscribers-risk-fresh-airtime-lending-disruption/ The endorsement came at the bank’s SME Conference in Lagos, where the application was unveiled alongside discussions on the role of artificial intelligence and other digital tools i]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-backs-access-banks-ai-powered-app-to-boost-smes/Mon, 27 Jul 2026 11:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-backs-access-banks-ai-powered-app-to-boost-smes/ The platform, known as the Nature Positive Online Directory, was developed under the Support to Potential and Established Nature-Positive MSMEs (SPENM) project, implemented by the International Trade Facilit]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/undp-to-provide-global-visibility-to-nigerian-enterprises/Mon, 27 Jul 2026 11:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/undp-to-provide-global-visibility-to-nigerian-enterprises/ Speaking at a business forum, Ogah warned that operating in isolation is no longer sustainable, emphasising that inter-industry collaboration has transitioned from a strategic choice into a fundamental mechanism for corporate survival.
Ogah, President and Founder of Masters Energy Group, outlined the b]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-businesses-can-overcome-economic-uncertainties-ex-minister-ogah/Mon, 27 Jul 2026 10:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-businesses-can-overcome-economic-uncertainties-ex-minister-ogah/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-maps-500000-msmes-to-drive-industrial-growth-competitiveness-2/Mon, 27 Jul 2026 09:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-maps-500000-msmes-to-drive-industrial-growth-competitiveness-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-maps-500000-msmes-to-drive-industrial-growth-competitiveness/Mon, 27 Jul 2026 09:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-maps-500000-msmes-to-drive-industrial-growth-competitiveness/ Speaking at the Ministerial Forum on Critical Minerals, Value Chain and Beneficiation in Abidjan, Côte d’Ivoire, the Minister of Solid Minerals Development, Dr Dele Alake, urged mineral-producing countries to abandon isol]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/abidjan-declaration-places-financing-at-centre-of-africas-mining-agenda/Mon, 27 Jul 2026 09:16:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/abidjan-declaration-places-financing-at-centre-of-africas-mining-agenda/https://www.newslocker.com/en-ng/news/nigeria-economy-news/uba-emerges-nigerias-best-esg-retail-bank-at-2026-euromoney-awards-2/Mon, 27 Jul 2026 08:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/uba-emerges-nigerias-best-esg-retail-bank-at-2026-euromoney-awards-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/uba-emerges-nigerias-best-esg-retail-bank-at-2026-euromoney-awards/Mon, 27 Jul 2026 08:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/uba-emerges-nigerias-best-esg-retail-bank-at-2026-euromoney-awards/https://www.newslocker.com/en-ng/news/nigeria-economy-news/reforms-tax-ombud-steps-in-to-protect-taxpayers-rebuild-public-trust-2/Mon, 27 Jul 2026 08:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/reforms-tax-ombud-steps-in-to-protect-taxpayers-rebuild-public-trust-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/reforms-tax-ombud-steps-in-to-protect-taxpayers-rebuild-public-trust/Mon, 27 Jul 2026 08:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/reforms-tax-ombud-steps-in-to-protect-taxpayers-rebuild-public-trust/https://www.newslocker.com/en-ng/news/nigeria-economy-news/access-bank-unveils-app-to-support-smes-2/Mon, 27 Jul 2026 08:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/access-bank-unveils-app-to-support-smes-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/access-bank-unveils-app-to-support-smes/Mon, 27 Jul 2026 08:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/access-bank-unveils-app-to-support-smes/https://www.newslocker.com/en-ng/news/nigeria-economy-news/rea-targets-37gw-solar-manufacturing-to-close-nigerias-power-gap-2/Mon, 27 Jul 2026 08:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rea-targets-37gw-solar-manufacturing-to-close-nigerias-power-gap-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/rea-targets-37gw-solar-manufacturing-to-close-nigerias-power-gap/Mon, 27 Jul 2026 08:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rea-targets-37gw-solar-manufacturing-to-close-nigerias-power-gap/https://www.newslocker.com/en-ng/news/nigeria-economy-news/solar-everywhere-commercial-phone-chargers-dump-petrol-generators-overfuel-costs/Mon, 27 Jul 2026 08:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/solar-everywhere-commercial-phone-chargers-dump-petrol-generators-overfuel-costs/https://www.newslocker.com/en-ng/news/nigeria-economy-news/blue-chip-stocks-add-n25trn-to-market-capitalisation-as-rally-continues-2/Mon, 27 Jul 2026 08:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/blue-chip-stocks-add-n25trn-to-market-capitalisation-as-rally-continues-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/blue-chip-stocks-add-n25trn-to-market-capitalisation-as-rally-continues/Mon, 27 Jul 2026 08:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/blue-chip-stocks-add-n25trn-to-market-capitalisation-as-rally-continues/https://www.newslocker.com/en-ng/news/nigeria-economy-news/hardship-threatens-personal-pension-plan-92-of-accounts-dormant-2/Mon, 27 Jul 2026 08:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/hardship-threatens-personal-pension-plan-92-of-accounts-dormant-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/hardship-threatens-personal-pension-plan-92-of-accounts-dormant/Mon, 27 Jul 2026 08:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/hardship-threatens-personal-pension-plan-92-of-accounts-dormant/ Managing Director and Chief Executive Officer of AMCON, Mr. Gbenga Alade, disclosed this during an interactive session with senior media executives in Lagos at the weekend, where]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/amcon-puts-ntel-up-for-sale-eyes-strategic-investors/Mon, 27 Jul 2026 04:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/amcon-puts-ntel-up-for-sale-eyes-strategic-investors/ In a new report titled: “Africa Can Grow Faster With AI—If It Moves Now” posted on its blog,]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/move-fast-on-ai-or-miss-out-imf-tells-africa/Mon, 27 Jul 2026 04:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/move-fast-on-ai-or-miss-out-imf-tells-africa/ The devices were unveiled during an exclusive Masterclass hosted recently at the Gloworld,  Adeola Odeku Street, Victoria Island, Lagos.
The event underscored the robust relationship between the two industry leaders, a partnership that has consistently delivered premium products, exclusive offers and exceptional experiences to]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/glo-samsung-deepen-alliance-with-galaxy-z-fold8-series-unveiling/Mon, 27 Jul 2026 04:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/glo-samsung-deepen-alliance-with-galaxy-z-fold8-series-unveiling/ The company said the rights issue was oversubscribed by 4.5 per cent, reflecting strong shareholder confidence in its growth strategy and financial outlook.
LASACO disclosed that it has also secured key regulatory approvals for the capi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/lasaco-raises-n193bn-clears-recapitalisation-hurdle/Mon, 27 Jul 2026 04:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/lasaco-raises-n193bn-clears-recapitalisation-hurdle/ …Only 70 of 2,579 projects have visible locationsNigeria’s proposed 2026 budget is facing fresh criticism after a civic monitoring group, Tracka, revealed that spending on luxury vehicles and empowerment programmes has climbed to nearly a trillion naira, an amount larger than what the Federal Government plans to spend on seven key ministries combined.
Tracka, a non-governmental organization that tracks public finance and gover]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tracka-raises-alarm-as-fg-budgets-n96283bn-for-suvs-empowerment/Mon, 27 Jul 2026 04:44:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tracka-raises-alarm-as-fg-budgets-n96283bn-for-suvs-empowerment/ Otu gave the assurance during an inspection of the Calabar Marina Business Hub, where he toured the newly introduced MV-Eja, a ferry operated by SeaExpress Transit on the Calabar-Cameroon commercial route.
The governor, accompanied]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cross-river-waters-safe-for-investment-otu-tells-maritime-investors/Mon, 27 Jul 2026 04:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cross-river-waters-safe-for-investment-otu-tells-maritime-investors/ This is coming after data from the Central Bank of Nigeria (CBN) revealed that credit to the private sector (CPS) increased by 2.7 per cent month-on-month (m/m) to N83.26 trillion in June (May: N81.04 trillion).The June figure represented an increase from t]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-businesses-borrowed-n472trn-in-h1-await-cheaper-loans/Mon, 27 Jul 2026 04:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-businesses-borrowed-n472trn-in-h1-await-cheaper-loans/ The National Innovation Challenge is one of the three flagship initiatives under the newly expanded OPay Scholars Programme, alongside the N1.2 billion, 10-year scholarship initiative and OPay Futures. The programme reflects OPay’s long-term commitment to supporting educatio]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/opay-unveils-top-48-teams-in-national-innovation-challenge/Mon, 27 Jul 2026 04:39:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/opay-unveils-top-48-teams-in-national-innovation-challenge/ Organisers said the milestone, achieved during the week-long conference themed “Forging Africa’s Strategic Energy Growth Through Global Collaboration,” reflected the event]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nog-energy-week-seals-45bn-deals/Mon, 27 Jul 2026 04:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nog-energy-week-seals-45bn-deals/ That question formed the central thrust of discussions at the third edition of Asharami Square, a Sahara Group thought leadership initiative which held last week in Lagos with the theme: “Energizing Africa’s Future: Legacy, Impact and Transfor]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-africa-can-mobilise-local-capital-for-energy-infrastructure-other-projects-experts/Mon, 27 Jul 2026 04:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-africa-can-mobilise-local-capital-for-energy-infrastructure-other-projects-experts/ The commitment was made during a courtesy visit by the company’s management team to the Minister of Power, Chief Adebayo Joseph Olasunkanmi Tegbe, where both sides discussed strategies to expand domestic gas utilisation, s]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/oando-backs-fgs-gas-to-power-drive-seeks-deeper-partnership/Mon, 27 Jul 2026 04:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oando-backs-fgs-gas-to-power-drive-seeks-deeper-partnership/ Managing Director of the Rural Electrification Agency (REA), Mr. Abba Aliyu, raised the alarm at 2026 Oriental News Conference in Lagos at the weekend with the theme:”Driving Nigeria’s Decarbonisation through Strategic Promotion of Clean Energy-The REA Experience”.
He warned that unless the country deliberately develops loc]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-2bn-green-investment-yet-to-deliver-employment-dividend-rea/Mon, 27 Jul 2026 04:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-2bn-green-investment-yet-to-deliver-employment-dividend-rea/ The project completion timeline was disclosed by the Managing Director of Brentex Petroleum Services Limited Mr. Chidi Nzerem, during a tour of the Steel Pipe Induction Bending and Coating Facility at the Federal Ocean Terminal (FOT), Onne Port, Rivers State by the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB),]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-to-inaugurate-africas-first-steel-pipe-bending-coating-plant-by-q4-2027/Mon, 27 Jul 2026 04:02:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-to-inaugurate-africas-first-steel-pipe-bending-coating-plant-by-q4-2027/  
The Director-General and Chief Executive Officer of the National Automotive Design and Development Council (NADDC), Otunba Oluwemimo Joseph Osanipin, has said the newly launched Dealership Registration Portal marks a major milestone in the drive to formalise Nigeria’s automotive dealership ecosystem.
He said the portal would enhance market intelligence and reinforce regulatory oversight across the industry.
NADDC DG, Otunba Oluwemimo Joseph Osanipin
Speaking on Thur]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/reps-back-naddcs-digital-dealership-registration-portal-as-amdon-hails-auto-market-reform/Mon, 27 Jul 2026 03:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/reps-back-naddcs-digital-dealership-registration-portal-as-amdon-hails-auto-market-reform/  
Jetour Nigeria has launched the RELY R8—a premium, high-tech powerhouse engineered to conquer Nigeria’s toughest terrains while cradling you in SUV-like luxury.Perfect for agriculture, escort operations, construction, logistics or weekend adventures, it is the ultimate partner that refuses to compromise on comfort, style or capability.
Built to conquer off-roadThe RELY R8 is over-engineered for the Nigerian environment, featuring high ground clearance, excelle]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/rely-r8-jetour-nigerias-premium-pickup-for-work-leisure/Mon, 27 Jul 2026 03:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rely-r8-jetour-nigerias-premium-pickup-for-work-leisure/  
ABC Transport Plc, Nigeria’s foremost provider of premium intercity transportation and integrated logistics services, has officially launched a comprehensive group-wide fleet renewal programme with the procurement of the first batch of its brand-new 2026-model luxury coaches.
The comprehensive fleet renewal marks another significant milestone in the company’s continued investment in safety, innovation, customer experience, and operational excellence.
The arriv]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/abc-transport-embarks-on-group-wide-fleet-renewal-with-arrival-of-2026-luxury-coaches/Mon, 27 Jul 2026 02:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/abc-transport-embarks-on-group-wide-fleet-renewal-with-arrival-of-2026-luxury-coaches/ As part of ongoing efforts to promote orderly parking, improve traffic flow and ensure unobstructed access for all road users, the Lagos State Parking Authority (LASPA) has intensified parking enforcement across the state.
General manager of LASPA, Mrs. Adebisi Adelabu, dropped this hint while speaking on the agency’s efforts in ensuring proper parking.
According to her, the Monitoring and Enforcement Team of LASPA recently carried out enforcement to sanitize the illegal p]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/laspa-intensifies-enforcement-against-illegal-parking-in-lagos/Mon, 27 Jul 2026 02:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/laspa-intensifies-enforcement-against-illegal-parking-in-lagos/  
This is exciting news  for all Kia lovers: Two of Kia America’s most popular vehicles have been ranked number one in their respective categories in the JD Power 2026 U.S. Initial Quality Study (IQS).The 2026 Carnival was number one in the Minivan segment, and the K4 took top honours in the Compact Car segment.The K4 was also the second-highest-ranked vehicle in initial quality overall across the industry, and the Kia Mexico manufacturing plant in Nuevo Leon, Me]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/kia-carnival-k4-models-named-winners-in-jd-power-2026-initial-quality-study/Mon, 27 Jul 2026 02:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/kia-carnival-k4-models-named-winners-in-jd-power-2026-initial-quality-study/  
Carloha Nigeria, the authorised distributor of Chery vehicles in Nigeria, recently transformed its state-of-the-art showroom in Alapere, Lagos, into a vibrant football arena as it hosted an unforgettable FIFA World Cup Final Watch Party for customers, members of the media and staff.
The high-energy event, which commenced at 5:00 p.m. and continued until the final whistle of football’s biggest spectacle, brought together football enthusiasts from across Lagos for an]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/excitement-as-carloha-hosts-fifa-world-cup-final-watch-party-in-chery-cars-showroom/Mon, 27 Jul 2026 02:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/excitement-as-carloha-hosts-fifa-world-cup-final-watch-party-in-chery-cars-showroom/  
Jetour Nigeria has officially cemented its status as a powerhouse in the nation’s automotive industry, taking home the coveted Auto Brand of the Year award at the 12th Nigeria Transport Lecture and Awards.
Hosted by Transport Day Media at the Radisson Blu Hotel in Ikeja, Lagos, the high-profile event gathered top-tier stakeholders from the transport, logistics, and automotive sectors to celebrate the trailblazers driving Nigeria’s mobility sector forward.
A Ra]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/jetour-nigeria-wins-auto-brand-of-the-year-award-at-12th-nigeria-transport-lecture/Mon, 27 Jul 2026 02:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/jetour-nigeria-wins-auto-brand-of-the-year-award-at-12th-nigeria-transport-lecture/ The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, are expected to lead discussions on Africa’s economic future at the 7th Africa Emerging Markets Forum scheduled to hold in Abuja from July 29 to 30.
The two-day forum, hosted by the CBN in collaboration with the Emerging Markets Forum (EMF) and the Centre for the Study of the Economies of Africa (CSEA), will b]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cardoso-okonjo-iweala-to-lead-talks-on-africas-economic-future/Sun, 26 Jul 2026 18:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cardoso-okonjo-iweala-to-lead-talks-on-africas-economic-future/ He warned that the practice is frustrating cargo clearance, encouraging corruption and imposing avoidable costs on freight forwarders and importers.
Farinto made the call after participating in a Hou]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/clearing-agent-calls-for-investigation-of-shipping-lines-over-alleged-manifest-infractions/Sun, 26 Jul 2026 14:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/clearing-agent-calls-for-investigation-of-shipping-lines-over-alleged-manifest-infractions/ This is coming on the heels of incessant building collapse across the country with attendant losses. The scheme is designed to ensure that buildings across Lagos are protected against the devastating consequences of fire and flood, among others.
In a keynote address, the Commissioner for Insurance/Chief Executive at NAICOM, Olusegun Omosehin, expressed optimism]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/naicom-nia-endorse-lagos-state-building-insurance-scheme/Sun, 26 Jul 2026 05:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/naicom-nia-endorse-lagos-state-building-insurance-scheme/  The summit, scheduled to hold on July 28, 2026, and themed “Financing Growth: Unlocking Opportunity, Building the Future of Healthcare,” reflects FCMB’s commit]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-healthcare-leaders-to-unlock-growth-investment/Sun, 26 Jul 2026 05:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-healthcare-leaders-to-unlock-growth-investment/  
The NNPC Exploration and Production Limited (NEPL)/Seplat Energy Joint Venture (JV) have partnered the Edo Specialist Hospital (ESH) for a special edition of its signature healthcentric corporate social investment (CSI) initiative, ‘Eye Can See’.
The three-day event hosted at the ESH premises, Benin City, witnessed a massive turnout with thousands of eye screenings and eye surgeries carried out and hundreds of eyeglasses given out free of charge to memb]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/neplseplat-energy-jv-partners-edo-hospital-on-healthcare-outreach/Sun, 26 Jul 2026 05:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/neplseplat-energy-jv-partners-edo-hospital-on-healthcare-outreach/ Speaking when a delegation of Zanzibar Utilities Regulatory Authority (ZURA) paid him a visit for an exchange of knowledge on system dispatch and grid stability, Aliyu, said that Nigeria is not doing badly considering its large]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/only-80m-nigerians-have-access-to-electricity-says-rea/Sat, 25 Jul 2026 06:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/only-80m-nigerians-have-access-to-electricity-says-rea/ Speaking at the 2nd Biannual Meeting of the Agrifood Systems Working Group (ASWG), convened by the Federal Ministry of Agriculture and Food Security in Abuja, Minister of Budget and Economic Planning, Senator Atiku Bagudu described the smallh]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-has-42m-smallholder-farmers-fg/Sat, 25 Jul 2026 06:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-has-42m-smallholder-farmers-fg/ BUA Cement has said that it recorded a net foreign exchange gain of N16.57 billion during the first half of 2026, compared with N782.8 million in the same period last year and a N9.70 billion foreign exchange loss for the full 2025 financial year.
A statement by the firm disclosed that this marked reversal reflects the relatively more stable exchange rate environment that has followed the sharp currency adjustments experienced over the previous two years.
The statement added]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/bua-cement-profit-soars-80-to-n325bn/Sat, 25 Jul 2026 06:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/bua-cement-profit-soars-80-to-n325bn/https://www.newslocker.com/en-ng/news/nigeria-economy-news/heirs-holdings-portfolio-companies-earn-international-recognition-across-industries/Sat, 25 Jul 2026 06:13:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/heirs-holdings-portfolio-companies-earn-international-recognition-across-industries/https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-releases-impounded-trucks-after-cgcs-intervention-at-bonded-terminal-2/Fri, 24 Jul 2026 08:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-releases-impounded-trucks-after-cgcs-intervention-at-bonded-terminal-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-releases-impounded-trucks-after-cgcs-intervention-at-bonded-terminal/Fri, 24 Jul 2026 08:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-releases-impounded-trucks-after-cgcs-intervention-at-bonded-terminal/https://www.newslocker.com/en-ng/news/nigeria-economy-news/engineers-seek-stronger-cost-control-valuation-to-improve-project-delivery-2/Fri, 24 Jul 2026 08:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/engineers-seek-stronger-cost-control-valuation-to-improve-project-delivery-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/engineers-seek-stronger-cost-control-valuation-to-improve-project-delivery/Fri, 24 Jul 2026 08:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/engineers-seek-stronger-cost-control-valuation-to-improve-project-delivery/https://www.newslocker.com/en-ng/news/nigeria-economy-news/higher-fuel-transport-food-prices-loom-as-crude-oil-hits-100-2/Fri, 24 Jul 2026 07:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/higher-fuel-transport-food-prices-loom-as-crude-oil-hits-100-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/higher-fuel-transport-food-prices-loom-as-crude-oil-hits-100/Fri, 24 Jul 2026 07:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/higher-fuel-transport-food-prices-loom-as-crude-oil-hits-100/ Nigeria’s 2026 federal budget is anchored on an oil price benchmark of $64.85 per barrel and a daily crude oil production target of 1.84 million barrels per day.
The late]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/more-revenue-for-nigeria-as-crude-hits-over-100barrel/Fri, 24 Jul 2026 06:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/more-revenue-for-nigeria-as-crude-hits-over-100barrel/ The Organised Private Sector of Nigeria (OPSN) has expressed deep concern over a proposal by the National Pension Commission (PenCom) to increase mandatory pension contributions, including introducing an additional  three per cent mandatory annual contribution equivalent to three per cent of total wage bills.
​The OPSN is an umbrella body representing the Manufacturers Association of Nigeria (MAN), NACCIMA, NECA, NASME, NASSI, and 25 sectoral employer]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/opsn-rejects-hike-in-pension-contribution-warns-of-job-losses-rising-costs/Fri, 24 Jul 2026 06:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/opsn-rejects-hike-in-pension-contribution-warns-of-job-losses-rising-costs/ The aircraft, operating as Flight 4264 with registration 5N-ENR from Lagos  to Benin was involved in a runway excursion after overrunning the end of Runway 05 during landing at approximately 1510 hours local time on Thursday,  July 23, 2026.
There were 63 passengers and five crew me]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/enugu-air-plane-skids-off-runway-with-68-onboard/Fri, 24 Jul 2026 06:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/enugu-air-plane-skids-off-runway-with-68-onboard/https://www.newslocker.com/en-ng/news/nigeria-economy-news/uba-wins-nigerias-best-esg-retail-bank-at-2026-euromoney-awards/Fri, 24 Jul 2026 06:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/uba-wins-nigerias-best-esg-retail-bank-at-2026-euromoney-awards/ The platform, unveiled on Thursday at the opening of the seventh Ordinary Session of the Conference of Plenipotentiaries of the African Telecommunications Union (ATU) in Abuja, marks the expansio]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-partners-unveil-pan-african-ai-platform-to-promote-indigenous-languages/Fri, 24 Jul 2026 06:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-partners-unveil-pan-african-ai-platform-to-promote-indigenous-languages/ The federal government has launched the online registration portal for Phase III of the Renewed Hope Employment Initiative (RHEI), with plans to train 26,961 unemployed Nigerians in 70 demand-driven skills across the country.
The government also pledged to resettle 3,405 outstanding graduate trainees with starter packs and tools upon the successful completion of the programme, as part of efforts to boost employment and entrepreneurship.
Speaking]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-unveils-phase-iii-employment-portal-targets-26961-nigerians/Fri, 24 Jul 2026 06:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-unveils-phase-iii-employment-portal-targets-26961-nigerians/ First HoldCo Plc has reported a strong financial performance for the first half of 2026, posting a profit before tax of N653.5 billion, an 83.5 per cent increase from N356.1 billion recorded in the corresponding period of 2025.
The financial services group also recorded gross earnings of N1.93 trillion, up 16.7 per cent year-on-year from N1.66 trillion, according to its unaudited results for the six months ended June 30, 2026.
Profit]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstholdco-posts-n6535bn-h1-profit-gross-earnings-hit-n193trn/Fri, 24 Jul 2026 06:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstholdco-posts-n6535bn-h1-profit-gross-earnings-hit-n193trn/ By Uche UsimThe International Monetary Fund (IMF) has urged central banks and financial regulators worldwide to strengthen oversight of artificial intelligence (AI) as its growing adoption across the financial system creates new risks that could threaten global financial stability.
In a new IMF Blog authored by the Fund’s Financial Counsellor and Director of the Monetary and Capital Markets Department, Tobias Adrian, the I]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-to-central-banks-tighten-ai-oversight-to-safeguard-financial-stability/Fri, 24 Jul 2026 06:15:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-to-central-banks-tighten-ai-oversight-to-safeguard-financial-stability/ The company announced yesterday that the transaction attracted overwhelming interest from local and international investors, underscoring strong confidence in the refinery’s long-term growth strategy, operational performance and expansio]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-raises-25bn-in-africas-biggest-private-equity-placement/Fri, 24 Jul 2026 06:13:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-raises-25bn-in-africas-biggest-private-equity-placement/ The warning came during a webinar titled “Impact of the Middle East Crisis on African Jet Fuel Markets,” held on Tuesday and jointly organised by the African Airlines Association (AFRAA) and S&P Global. The session brought together industry leaders to examine]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/afraa-sampp-global-african-airlines-hardest-hit-by-us-iran-war/Fri, 24 Jul 2026 03:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/afraa-sampp-global-african-airlines-hardest-hit-by-us-iran-war/ The campaign is being driven by the Authority’s Managing Director, Olubunmi Kuku, whose administration has moved to restore di]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/faan-tightens-airport-security-cracks-down-on-touts-unauthorised-access/Fri, 24 Jul 2026 03:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/faan-tightens-airport-security-cracks-down-on-touts-unauthorised-access/ The Director of Public Affairs and Consumer Protection at the NCAA, Mr. Michael Achimugu, disclosed this in a post on his verified X account on Thursday, accusing Morocco’s national carrier of co]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncaa-seeks-suspension-of-royal-air-maroc-operations-over-passenger-rights-violations/Fri, 24 Jul 2026 03:16:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncaa-seeks-suspension-of-royal-air-maroc-operations-over-passenger-rights-violations/ ‎The Nigerian Safety Investigation Bureau (NSIB) has commenced an investigation into a runway excursion involving an Enugu Air Embraer E170 aircraft at Benin Airport.
The aircraft, operating as Flight 4264 with registration 5N-ENR from Lagos  to Benin was involved in a runway excursion after overrunning the end of Runway 05 during landing at approximately 1510 hours local time on Thursday, 23 July 2026.
 
‎There]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/updated-enugu-air-plane-skids-off-runway-with-68-onboard-in-benin/Thu, 23 Jul 2026 20:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/updated-enugu-air-plane-skids-off-runway-with-68-onboard-in-benin/ Speaking at the official flag-off of the Power Force Training Programme in Abuja, the Minister of Power, Joseph Tegbe, said that every segment of the value chain depends on timely and adequate revenue collection. Yet, for many years, inadequate metering has denied the sector the financial certainty required to sustain investment, improve service delivery]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/minister-identifies-liquidity-as-greatest-challenge-in-nesi/Thu, 23 Jul 2026 19:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/minister-identifies-liquidity-as-greatest-challenge-in-nesi/ In a post on his verified X handle on Thursday, the Director of Public Affairs and Consumer Protection, Micheal Achimugu, said that the airline, has for the longest time, been the biggest culprit when it comes to baggage infractions, poor passenger handling, and extremely poor resolution processes when dealing wit]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/passenger-infractions-ncaa-to-push-for-moroccos-national-carrier-to-cease-operations-in-nigeria/Thu, 23 Jul 2026 18:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/passenger-infractions-ncaa-to-push-for-moroccos-national-carrier-to-cease-operations-in-nigeria/ An E170 aircraft with registration number 5NENR belonging to Enugu Air, on Thursday, July 23, 2026, skid off the runway at the Benin Airport. It landed at 13:57UTC with 67 passengers and five crew members on board. No casualties were recorded.
In a statement, the airline said: “We wish to inform the public that one of our aircraft operating into Benin experienced a runway incursion after landing today. We confirm that all passengers and crew have safely disem]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/just-in-enugu-air-plane-skids-off-runway-in-benin/Thu, 23 Jul 2026 18:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/just-in-enugu-air-plane-skids-off-runway-in-benin/ The call was made at the Africa Social Impact Summit (ASIS) 2026 in Lagos, where speakers argued that Africa’s develo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/africa-attracts-less-than-5-of-global-fdi-experts-warn/Thu, 23 Jul 2026 18:11:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/africa-attracts-less-than-5-of-global-fdi-experts-warn/ Chairman of First HoldCo Plc, Femi Otedola, has strengthened his position in the financial services group after acquiring additional shares valued at ₦77.6 billion in a fresh transaction executed through his investment vehicle, Calvados Global Services Limited.
A regulatory filing by First HoldCo showed that Calvados Global Services Limited purchased 706,131,179 ordinary shares in the company at ₦109.88 per share in a transaction conducted on the Nigerian Exchange]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/otedola-tightens-grip-on-first-holdco-with-fresh-n776bn-deal/Thu, 23 Jul 2026 16:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/otedola-tightens-grip-on-first-holdco-with-fresh-n776bn-deal/ The N4.04 trillion month-on-month increase came as the apex bank maintained its benchmark Monetary Policy Rate (MPR) at 26.5 per cent, stressing its cautious approach to balancing liquidity in the economy with efforts to tame inflation an]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-money-supply-rises-for-second-straight-month-to-n13325trn/Thu, 23 Jul 2026 12:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-money-supply-rises-for-second-straight-month-to-n13325trn/ The awards which were presented in London recognises the bank’s strong financial performance, digital innovation, customer service and contribution to economic development across Africa.
The Euromoney Awards for Excellence are regarded as on]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/zenith-bank-wins-africas-best-bank-retains-nigerias-top-banking-award/Thu, 23 Jul 2026 07:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/zenith-bank-wins-africas-best-bank-retains-nigerias-top-banking-award/https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-resumes-petrol-loading-in-naira-at-n1215-per-litre-2/Thu, 23 Jul 2026 06:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-resumes-petrol-loading-in-naira-at-n1215-per-litre-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-resumes-petrol-loading-in-naira-at-n1215-per-litre/Thu, 23 Jul 2026 06:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-resumes-petrol-loading-in-naira-at-n1215-per-litre/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-leads-in-online-gambling-regulation-2/Thu, 23 Jul 2026 06:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-leads-in-online-gambling-regulation-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-leads-in-online-gambling-regulation/Thu, 23 Jul 2026 06:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-leads-in-online-gambling-regulation/https://www.newslocker.com/en-ng/news/nigeria-economy-news/pencom-to-refine-investment-framework-lunches-3-initiatives-2/Thu, 23 Jul 2026 06:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/pencom-to-refine-investment-framework-lunches-3-initiatives-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/pencom-to-refine-investment-framework-lunches-3-initiatives/Thu, 23 Jul 2026 06:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/pencom-to-refine-investment-framework-lunches-3-initiatives/https://www.newslocker.com/en-ng/news/nigeria-economy-news/femi-otedola-raises-first-holdco-stake-to-2196-worth-n776bn-2/Thu, 23 Jul 2026 06:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/femi-otedola-raises-first-holdco-stake-to-2196-worth-n776bn-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/femi-otedola-raises-first-holdco-stake-to-2196-worth-n776bn/Thu, 23 Jul 2026 06:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/femi-otedola-raises-first-holdco-stake-to-2196-worth-n776bn/https://www.newslocker.com/en-ng/news/nigeria-economy-news/private-sector-credit-hits-n83trn-as-money-supply-surges/Thu, 23 Jul 2026 06:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/private-sector-credit-hits-n83trn-as-money-supply-surges/ Speaking at Asharami Square 3.0, organised by Sahara Group in Lagos on Wednesday, Wanka said while Nigeria’s power deficit remains daunting, expe]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-must-raise-power-investment-to-10bn-yearly-to-end-electricity-crisis-presidency/Thu, 23 Jul 2026 05:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-must-raise-power-investment-to-10bn-yearly-to-end-electricity-crisis-presidency/ The federal government has urged the judiciary to prepare for a new generation of maritime disputes arising from autonomous ships, digital shipping and the global transition to cleaner maritime transport.
The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, stated this on Wednesday while delivering the keynote address at the opening ceremony of the 18th International Maritime Seminar for Judges organised by the Nigerian Shippers’ Council (NSC]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cjn-sgf-speaker-push-faster-admiralty-justice-smarter-courts-to-boost-maritime-development/Thu, 23 Jul 2026 05:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cjn-sgf-speaker-push-faster-admiralty-justice-smarter-courts-to-boost-maritime-development/ A notice of insider share dealing filed with the Nigerian Exchange Limited (NGX) on Wednesday showed that Otedola acquired 706.13 million ordinary shares through his investment vehicle, Calvados Global Services Limited.
The latest acquisition]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/otedola-raises-firstholdco-stake-to-2196-investment-hits-n104trn/Thu, 23 Jul 2026 05:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/otedola-raises-firstholdco-stake-to-2196-investment-hits-n104trn/ The financial services group’s shares traded between N112 and N113 during Wednesday’s midday session, extending gains from its previous closing price of N105 per share on Tuesday.
The rally lifted the company&rs]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/strong-h1-results-push-firstholdcos-value-above-n5trn/Thu, 23 Jul 2026 05:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/strong-h1-results-push-firstholdcos-value-above-n5trn/ From Adanna Nnamani, AbujaThe GSM Association (GSMA) has urged African governments to reduce taxes and levies on entry-level smartphones as part of efforts to accelerate digital inclusion and ensure millions of Africans are not excluded from the emerging artificial intelligence (AI) revolution.
The association warned that about 961 million Africans who are currently covered by mobile broadband networks are not using the services due to afford]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/high-smartphone-costs-threatening-africas-ai-future-gsma/Thu, 23 Jul 2026 05:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/high-smartphone-costs-threatening-africas-ai-future-gsma/ The Q2 2026 report shows that the national average cost of cooking the country’s most popular staple meal rose from N25,798 in July 2025 to N29,578 in June 2026, representing a 14.6 per cent increase in just one year.Over the past decade, however, the increase has been far mor]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/households-groan-as-cost-of-cooking-jollof-rice-nears-n30000-up-624-in-10-years/Thu, 23 Jul 2026 05:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/households-groan-as-cost-of-cooking-jollof-rice-nears-n30000-up-624-in-10-years/ Latest data from the CBN showed that the country’s external reserves stood at $52.02 billion as of July 20, 2026, surpassing the apex bank’s full-year projection of about $51.04 billion. The reserve level is also the highest since January 2009, when reserves stood at about $52.01 b]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-external-reserves-rise-above-52bn-surpass-cbns-2026-target/Thu, 23 Jul 2026 05:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-external-reserves-rise-above-52bn-surpass-cbns-2026-target/https://www.newslocker.com/en-ng/news/nigeria-economy-news/zenith-bank-named-africas-best-bank-nigerias-best-bank-at-2026-euromoney-awards/Thu, 23 Jul 2026 05:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/zenith-bank-named-africas-best-bank-nigerias-best-bank-at-2026-euromoney-awards/ By Merit Ibe                                              ibe.merit@yahoo.com 
Nigeria’s drive to maximise value from its agricultural commodities has renewed discussions on the country’s preparedness to process cocoa locally before export. While the Federal Government’s ambition to deepen l]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/stakeholders-outline-missing-ingredients-in-nigerias-cocoa-value-addition-drive/Thu, 23 Jul 2026 04:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stakeholders-outline-missing-ingredients-in-nigerias-cocoa-value-addition-drive/ In a policy brief titled Social Intervention Programme: Strengthening the Legitimacy of Economic Reforms, the Director of CPP]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cppe-seeks-transparent-social-intervention-implementation/Thu, 23 Jul 2026 04:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cppe-seeks-transparent-social-intervention-implementation/ Speaking at the Chamber’s 2026 Executive Summary on the State of the Nation press conference, LCCI President, Leye Kupoluyi, stressed the need to strengthen security in farming communities to restore agricultural activi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/lcci-pushes-urgent-action-on-food-production-inflation/Thu, 23 Jul 2026 04:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/lcci-pushes-urgent-action-on-food-production-inflation/ The MILO Text & Win Promotion is a nationwide consumer reward initiative designed to celebrate and appreciate millions of MILO consumers across Nigeria by creating an opportunity for them to enjoy exciting rewards while strengthening their connection with the br]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nestl-rewards-loyal-consumers-in-nationwide-promo/Thu, 23 Jul 2026 04:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nestl-rewards-loyal-consumers-in-nationwide-promo/ The historic finale saw Favy go head-to-head with fierce competitor Fads in a gruelling challenge that drew on every skill they had acquired or honed throughout the competition. Judged by renowned culinary experts, Chef Stone and Chef E]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/masterchef-nigeria-winner-clinches-n73m-grand-prize/Thu, 23 Jul 2026 04:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/masterchef-nigeria-winner-clinches-n73m-grand-prize/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-targets-additional-300000bpd-oil-production-with-2026-bid-round/Wed, 22 Jul 2026 07:09:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-targets-additional-300000bpd-oil-production-with-2026-bid-round/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-retains-rate-at-265-cites-middle-east-tensions/Wed, 22 Jul 2026 07:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-retains-rate-at-265-cites-middle-east-tensions/https://www.newslocker.com/en-ng/news/nigeria-economy-news/e-invoicing-nrs-sets-july-31-deadline-for-compliance/Wed, 22 Jul 2026 06:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/e-invoicing-nrs-sets-july-31-deadline-for-compliance/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fgn-bonds-attract-n174trn-records-45-oversubscription/Wed, 22 Jul 2026 06:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fgn-bonds-attract-n174trn-records-45-oversubscription/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nimasa-reviews-ship-port-security-protocols/Wed, 22 Jul 2026 06:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nimasa-reviews-ship-port-security-protocols/https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-ramps-up-fuel-exports-as-crude-shortages-forex-squeeze-bite/Wed, 22 Jul 2026 06:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-ramps-up-fuel-exports-as-crude-shortages-forex-squeeze-bite/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-pays-n330bn-to-gencos-issues-n729bn-bonds-to-investors/Wed, 22 Jul 2026 06:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-pays-n330bn-to-gencos-issues-n729bn-bonds-to-investors/ Legend Hotel Airport, Lagos, has unveiled the Herbert Wigwe Auditorium, a state-of-the-art event and conference facility that is redefining meetings and events landscape in Lagos.
Named in honour of the banking magnate, late Herbert Wigwe, the auditorium represents a significant milestone for the hotel and further strengthens Lagos’ capacity to host world-class conferences, corporate gatherings, product launches, executive forums and industry events.
A statement from the hote]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/lagos-strengthens-business-tourism-with-wigwe-auditorium/Wed, 22 Jul 2026 04:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/lagos-strengthens-business-tourism-with-wigwe-auditorium/ Legend Hotel Airport, Lagos, has unveiled the Herbert Wigwe Auditorium, a state-of-the-art event and conference facility that is redefining meetings and events landscape in Lagos.
Named in honour of the banking magnate, late Herbert Wigwe, the auditorium represents a significant milestone for the hotel and further strengthens Lagos’ capacity to host world-class conferences, corporate gatherings, product launches, executive forums and industry events.
A statement from the hote]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/lagos-firm-strengthens-business-tourism-with-wigwe-auditorium/Wed, 22 Jul 2026 04:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/lagos-firm-strengthens-business-tourism-with-wigwe-auditorium/ From Adanna Nnamani, (Abuja) and Henry UcheThe race to recapitalisation in the insurance industry has entered a feverish phase with just days to the July 31 deadline set by the National Insurance Commission (NAICOM).
The pressure has been compounded by the regulator’s insistence that no extension will be granted, despite growing calls from industry operators who argue that many firms are struggling to raise the funds n]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/race-to-recapitalisation-33-insurers-may-miss-july-31-deadline/Wed, 22 Jul 2026 03:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/race-to-recapitalisation-33-insurers-may-miss-july-31-deadline/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stakeholders-see-brighter-retirement-future-in-premium-trustfund-merger/Wed, 22 Jul 2026 03:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stakeholders-see-brighter-retirement-future-in-premium-trustfund-merger/ The acting National President of the Association of Nigerian Licensed Customs Agents (ANLCA), Dr. Kayode Farinto, has said that contrary to widespread concerns, the federal government’s Green Tax has actually lowered the overall cost of importing vehicles as it replaces a much higher import levy.According to him, cutting the Import Adjustment Tax on used vehicles from 15 per cent to five per cent more than offsets]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/green-tax-ends-era-of-heavy-vehicle-levy-farinto/Wed, 22 Jul 2026 03:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/green-tax-ends-era-of-heavy-vehicle-levy-farinto/ The three-day event, organised under the auspices of the Federal Ministry of Marine and Blue Economy, will take place in Abuja.
This 2026 edition of the International Maritime Seminar for Judges mar]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsc-nji-target-stronger-maritime-adjudication/Wed, 22 Jul 2026 03:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsc-nji-target-stronger-maritime-adjudication/ Speaking at a recent media briefing in Lagos, the Chairman of the NIWA Governing Board, Mukhtar Shehu Shagari said that the agency has identified]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/niwa-seeks-police-backing-to-demolish-illegal-jetties/Wed, 22 Jul 2026 03:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/niwa-seeks-police-backing-to-demolish-illegal-jetties/ From Adanna Nnamani, Abuja
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has warned that fear, rumours and misinformation could trigger instability in the banking sector if not properly managed.
Oyedele gave the warning on Tuesday in Abuja at the opening of the 2026 International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) Annual Meeting and Workshop, with the theme: “Sa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fear-fake-news-can-crash-banks-fg-warns/Wed, 22 Jul 2026 03:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fear-fake-news-can-crash-banks-fg-warns/ The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has unveiled plans to deploy a real-time digital revenue monitoring dashboard as part of efforts to curb revenue leakages and improve transparency in the collection and remittance of government revenues.
The commission said the initiative is designed to strengthen oversight of revenue-generating agencies, improve monitoring of remittances and support better fiscal decision-making, with the ultimate goal o]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-to-deploy-digital-dashboard-to-block-revenue-leakages/Wed, 22 Jul 2026 03:46:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-to-deploy-digital-dashboard-to-block-revenue-leakages/ The production was part of the Theatre @ Eko series, which also featured stage plays including The Jewel and Mary as part of the hotel’s 50th anniversary celebrations.
The final instalment of the trilogy follows Princess Zara, whose decision to]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstbank-backs-prideland-finale-to-boost-nigerias-creative-industry/Wed, 22 Jul 2026 03:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstbank-backs-prideland-finale-to-boost-nigerias-creative-industry/ In a post on its verified X (formerly Twitter) account on Tuesday, the NCAA commended the airline for processing the refunds but urged it to resolve passengers’ refund requests more promptly in line with the provisions of Part 1]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/max-air-refunded-n182m-to-956-passengers-in-q2-ncaa/Wed, 22 Jul 2026 03:44:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/max-air-refunded-n182m-to-956-passengers-in-q2-ncaa/ •CBN retains interest rates, banks’ reserve requirement
 
By Chinwendu Obienyi and Adanna Nnamani, Abuja
Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, has stated that the naira must remain market-driven and competitive rather than being artificially supported.
This comes as the Monetary Policy Committee (MPC) of the CBN kept interest rates unchanged and reaffirmed their commitment to bringing inflation into sin]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cardoso-naira-needs-competition-not-protection/Wed, 22 Jul 2026 03:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cardoso-naira-needs-competition-not-protection/ The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, disclosed this on Tuesday at the Commercial Bid Conference for t]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/37-oil-gas-assets-to-add-500m-barrels-to-nigerias-reserves-nuprc/Wed, 22 Jul 2026 03:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/37-oil-gas-assets-to-add-500m-barrels-to-nigerias-reserves-nuprc/ The federal government has raised a total of N1.23 trillion through bond issuances to begin settling the estimated N4 trillion owed to electricity generation companies (GenCos), in a move aimed at improving liquidity in Nigeria’s power sector and attracting fresh investment.
The latest issuance of N729 billion, announced on Tuesday, follows the N501 billion bond floated in January. Together, the two make up Series 1 and Series 2 of the government’s Capital M]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-raises-n123trn-bond-to-clear-part-of-n4trn-power-sector-debt/Wed, 22 Jul 2026 03:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-raises-n123trn-bond-to-clear-part-of-n4trn-power-sector-debt/ Montgomery said although the reforms might have caused short-term pain for ordinary people, they were fundamental to restoring vitality to the economy.
A statement by Dare Adekanmbi, Special Adviser to the chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, said the British High Commissioner spoke in]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/outgoing-british-high-commissioner-praises-tinubus-economic-reforms/Wed, 22 Jul 2026 03:39:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/outgoing-british-high-commissioner-praises-tinubus-economic-reforms/ The construction giant made the call at the Future Cities Summit 2026, organised by the Green Building Council Nigeria (GBCN) in Lagos under the theme, “Building the Future: Scaling Sustainability for Greener Cities.”
The summit brought together]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/julius-berger-pushes-low-carbon-construction-at-summit/Wed, 22 Jul 2026 03:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/julius-berger-pushes-low-carbon-construction-at-summit/ Unilever Nigeria Plc reported a profit after tax (PAT) of N15.6 billion for the six months ended June 30, 2026, as higher sales and improved gross profit supported the consumer goods company’s earnings despite what it described as a challenging operating environment.
The company’s unaudited financial statement released on Tuesday showed that revenue increased by 22 per cent to N119.9 billion in the first half of 2026 from N98.1 billion recorded in the correspondin]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/higher-sales-lift-unilevers-h1-profit-to-n156bn/Wed, 22 Jul 2026 03:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/higher-sales-lift-unilevers-h1-profit-to-n156bn/ For years, Nigeria’s telecom operators, startups, fintech firms and other digital businesses have voiced concerns over what they describe as an increasingly complex regulatory environment, warning that overlapping oversight by multiple government agencies has raised compliance costs, slowed innovation and weakened investor confidence.
Those concerns appear to have finally caught the attention of the Federal Government.
Earlier this month, the Mi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fgs-drive-to-unify-digital-systems-boosts-hope-for-economic-growth/Wed, 22 Jul 2026 03:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fgs-drive-to-unify-digital-systems-boosts-hope-for-economic-growth/ The strategy, launched in Lagos, is built around the company’s BET Agenda, which comprises three growth pillars – Beam, Eden and Titan – designed to drive innovation, infrastructure expansion and asset optimisation.
The company said the initiative marks a maj]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ntel-expands-connectivity-other-services/Wed, 22 Jul 2026 03:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ntel-expands-connectivity-other-services/ Founder and Chief Executive Officer of Eazyply, OlalekanYekinni, said the initiative seeks to tackle one of Africa’s major employment challenges by connecting skilled professionals with job opportunities across the co]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/eazyply-targets-african-talent-with-ai-platform/Wed, 22 Jul 2026 03:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/eazyply-targets-african-talent-with-ai-platform/ The Chief Digital Officer of The Encrypse Limited, Mr. Desmond Nnebue, made the call while delivering a recent lecture on cybersecurity at a two-day statewide training organised by the Lagos State Security Trust]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/expert-to-security-operatives-protect-your-phones-like-your-guns/Wed, 22 Jul 2026 03:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/expert-to-security-operatives-protect-your-phones-like-your-guns/https://www.newslocker.com/en-ng/news/nigeria-economy-news/banks-must-earn-public-trust-oyedele/Wed, 22 Jul 2026 02:13:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/banks-must-earn-public-trust-oyedele/https://www.newslocker.com/en-ng/news/nigeria-economy-news/external-reserves-stand-at-52bn-cbn-gov-cardoso/Wed, 22 Jul 2026 00:11:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/external-reserves-stand-at-52bn-cbn-gov-cardoso/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nuprc-awards-37-oil-blocks-to-31-firms-in-2026-licensing-round/Tue, 21 Jul 2026 22:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nuprc-awards-37-oil-blocks-to-31-firms-in-2026-licensing-round/ ‎On a post on its verified X handle on Tuesday, the regulator urged the airline to resolve passenger refund claims more promptly in line with Part 19 of the NCAA Regulations 2023.
“In the second quarter of 2026 (April, May, June), domestic operator, Max Air paid out ticket refunds to the tune of 182,099,018.88 naira, to nine hundred and fifty]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/max-air-refunded-n182m-to-956-passengers-in-q2-2026-ncaa-says/Tue, 21 Jul 2026 21:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/max-air-refunded-n182m-to-956-passengers-in-q2-2026-ncaa-says/ The directive was issued on Tuesday during the screening of the newly appointed Chairman of AMCON, Lamido Yuguda, by the Senate Committee on Banking, Insurance and Other Financial Institutions.
The committee, chaired by Tokunbo Abiru, also asked Yuguda to take a “bow and go” after]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/senate-demands-amcons-operational-records-ahead-of-2030-wind-up/Tue, 21 Jul 2026 20:44:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/senate-demands-amcons-operational-records-ahead-of-2030-wind-up/ Says banks yet to meet capital threshold remain under watchThe Central Bank of Nigeria (CBN) has said renewed geopolitical tensions in the Middle East forced the Monetary Policy Committee (MPC) to retain the Monetary Policy Rate (MPR) at 26.5 per cent, despite expectations that inflation would continue its downward trajectory.
CBN Governor Olayemi Cardoso, who announced the outcome of the MPC’s 306th meeting in Abuja on Tuesday, said the co]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/middle-east-tensions-forced-cbn-to-hold-rates-cardoso/Tue, 21 Jul 2026 18:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/middle-east-tensions-forced-cbn-to-hold-rates-cardoso/ The board of the company approved an interim dividend of N1.00 per ordinary share, marking the first time CSCS has declared an interim payout to shareholders. The company said the dividend followed a record half-year financial performance, supported by stronger earnings and cash generation.
According to the compa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cscs-declares-first-ever-interim-dividend-as-h1-profit-hits-n1321bn/Tue, 21 Jul 2026 18:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cscs-declares-first-ever-interim-dividend-as-h1-profit-hits-n1321bn/ From Adanna Nnamani, Abuja
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the 37 oil and gas assets offered under the ongoing Nigeria 2025 Licensing Round have the potential to add about 500 million barrels to the country’s crude oil reserves and contribute at least 300,000 barrels per day (bpd) to national production within the next three years.
The Commission Chief Executive, Mrs. O]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/new-oil-gas-assets-could-add-500-million-barrels-to-nigerias-reserves-nuprc/Tue, 21 Jul 2026 15:02:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/new-oil-gas-assets-could-add-500-million-barrels-to-nigerias-reserves-nuprc/ The ambitious African Atlantic Gas Pipeline project has received a major boost with the Heads of State and Government of the Economic Community of West African States (ECOWAS) unanimously signed the Inter-Governmental Agreement (IGA).
The move marks a significant step towards the implementation of one of Africa’s largest cross-border energy infrastructure projects.Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, described the development as a watershe]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ecowas-endorses-nigeria-morocco-gas-pipeline-project/Tue, 21 Jul 2026 13:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ecowas-endorses-nigeria-morocco-gas-pipeline-project/https://www.newslocker.com/en-ng/news/nigeria-economy-news/drug-trafficking-through-ports-threatens-nigerias-trade-reputation-economy-report/Tue, 21 Jul 2026 08:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/drug-trafficking-through-ports-threatens-nigerias-trade-reputation-economy-report/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-introduces-book-now-fly-later-offering-up-to-n10m-for-air-travel/Tue, 21 Jul 2026 08:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-introduces-book-now-fly-later-offering-up-to-n10m-for-air-travel/https://www.newslocker.com/en-ng/news/nigeria-economy-news/tantalizers-shareholders-laud-return-to-profitability/Tue, 21 Jul 2026 08:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tantalizers-shareholders-laud-return-to-profitability/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-losing-jobs-forex-to-inconsistent-fish-import-policy-expert/Tue, 21 Jul 2026 07:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-losing-jobs-forex-to-inconsistent-fish-import-policy-expert/https://www.newslocker.com/en-ng/news/nigeria-economy-news/gas-supply-rises-244-to-5-1-metric-tonnes-daily-nmdpra/Tue, 21 Jul 2026 07:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/gas-supply-rises-244-to-5-1-metric-tonnes-daily-nmdpra/ With inflation still elevated, geopolitical tensions threatening fresh price shocks, and policymakers keen to protect recent gains in exchange rate stability, analysts believe the Committee will opt for caution by retaining the Monetary Policy Rate (MPR)]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-analysts-expect-cbn-to-keep-rates-unchanged/Tue, 21 Jul 2026 05:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-analysts-expect-cbn-to-keep-rates-unchanged/ A look at the CBN’s website revealed that the naira remained broadly stable in the official market, closing the week at N1,380.18/$, unchanged from the previous week. However, the currency weakened in the parallel market to N1,413/$1, representing a depreciation of N13 f]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dollar-crunch-widens-official-black-market-gap/Tue, 21 Jul 2026 05:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dollar-crunch-widens-official-black-market-gap/ Can the Niger Delta Development Commission’s proposed $500 million agricultural intervention achieve what decades of government-backed farming programmes have failed to deliver? That question is gaining prominence as experts and stakeholders raise concerns over possible duplication of responsibilities, weak implementation frameworks and poor coordination, warning that without adequate planning, collaboration and accountability, the ambitious initiative could join the l]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/can-nddcs-500m-agric-intervention-succeed-where-past-schemes-failed/Tue, 21 Jul 2026 05:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/can-nddcs-500m-agric-intervention-succeed-where-past-schemes-failed/ The year 2025 is a year majority of Nigerian farmers will not forget in a hurry. Across various value chains, it is estimated that farmers suffered financial losses ranging from $2.3 billion to $3.7 billion due to climate change challenges, resulting in drought, unpredictable rainfall and severe flooding. These extreme weather events triggered widesprea]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/farmers-climate-change-made-2025-our-worst-year/Tue, 21 Jul 2026 05:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/farmers-climate-change-made-2025-our-worst-year/ To improve food production, tackle insecurity and expand economic opportunities for farmers, the National Agricultural Land Development Authority (NALDA) has disclosed plans to partner state governments to convert degraded forest reserves into large-scale agricultural estates.
NALDA’s Executive Secretary, Cornelius Adebayo made this known during a]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nalda-targets-degraded-forests-for-farm-expansion/Tue, 21 Jul 2026 05:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nalda-targets-degraded-forests-for-farm-expansion/ IPMAN’s National Publicity Secretary, Chinedu Ukadike, alleged that importers, including AA Rano and Matrix, were pricing imported petrol significantly above the rates offered by the]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ipman-raises-concerns-as-imported-fuel-sells-above-dangote-price/Tue, 21 Jul 2026 05:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ipman-raises-concerns-as-imported-fuel-sells-above-dangote-price/ Salaried a]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-247-travels-launch-n10m-travel-loan-for-international-flights/Tue, 21 Jul 2026 05:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-247-travels-launch-n10m-travel-loan-for-international-flights/ A public relations expert and Managing Director of Image Merchants Promotion Limited (IMPR), Yushau Shuaib, has criticised what he described as the delay by authorities in acting on his cybercrime petition, saying the development raises concerns about justice and accountability.
Shuaib spoke in Abuja while announcing the release of his memoir, MNI vs. MNIPR in NIPSS: Tackling Institutional Bullying, which tells the story of his experience at the National Institute for]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/expert-faults-delayed-action-on-cybercrime-petition-bank-account-freeze-in-nigeria/Tue, 21 Jul 2026 05:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/expert-faults-delayed-action-on-cybercrime-petition-bank-account-freeze-in-nigeria/ Today, the real race in Nigeria’s fina]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/opay-leads-nigerias-fight-against-digital-fraud/Tue, 21 Jul 2026 05:44:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/opay-leads-nigerias-fight-against-digital-fraud/ The trend is creating bigger and stronger Pension Fund Administrators (PFAs) that are better positioned to compete in an industry now managing more than N31 trillion in pension assets.
Speaking on the latest edition of the Money Brief podca]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/pension-firms-eye-mergers-as-assets-top-n31trn/Tue, 21 Jul 2026 05:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/pension-firms-eye-mergers-as-assets-top-n31trn/https://www.newslocker.com/en-ng/news/nigeria-economy-news/kenya-airways-boosts-lagos-flights-to-6-weekly/Tue, 21 Jul 2026 05:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/kenya-airways-boosts-lagos-flights-to-6-weekly/ The commission said only companies that successfully passed the technical and prequalification stages of the exercise have been invited to attend the event, which will take place at the Conference Centre of]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/143-companies-jostle-for-50-oil-gas-blocks-as-nuprc-holds-bid-conference/Tue, 21 Jul 2026 04:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/143-companies-jostle-for-50-oil-gas-blocks-as-nuprc-holds-bid-conference/ They stated this at a workshop in Abuja on ‘Legal, Policy and Regulatory Harmonisation between Federal and State Institutions on the Decentralisation of the Nigerian Electricity Supply Industry (NESI)’.
In his remarks, the Special Adviser]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-nass-endorse-coordinated-electricity-regulation/Tue, 21 Jul 2026 04:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-nass-endorse-coordinated-electricity-regulation/ ​TranESS C&I, the commercial and industrial energy storage business unit of Transsion Holdings, has launched a major youth talent initiative and signed a strategic partnership to support Nigeria’s education and clean energy sectors.
​The announcements were made during the company’s inaugural Education Industry Summit in Abuja. Titled: “Empowering Education, Illuminating the Future,” the event brought together private school proprietors, unive]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/traness-campi-al-ansar-to-train-3000-nigerian-youths-in-clean-energy/Tue, 21 Jul 2026 04:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/traness-campi-al-ansar-to-train-3000-nigerian-youths-in-clean-energy/ Lubasch spoke at a thank-you dinner organised by the Federal Capital Territory Administration (FCTA) to mark the conclusion of 31 consecutive days of project flag-offs and commissioning held as part of activities]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/julius-berger-md-hails-tinubu-wike-over-abuja-infrastructure-drive/Tue, 21 Jul 2026 04:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/julius-berger-md-hails-tinubu-wike-over-abuja-infrastructure-drive/ This was part of discussions when OAL hosted its maiden Maritime Policy Roundtable, where stakeholders unveiled sustainable vessel financing for banks, shipowners and others in the shipping industry.In a statement released on Monday by OAL, the roundt]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/700m-cvff-agbakoba-rolls-out-de-risking-framework-for-banks-shipowners/Tue, 21 Jul 2026 04:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/700m-cvff-agbakoba-rolls-out-de-risking-framework-for-banks-shipowners/ Speaking at the opening ceremony of the 7th Ordinary Session of the African Telecommunications Union (ATU) Conference Preparatory Committee in Abuja, Maida said Africa’s growing digital econo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/africa-must-shape-global-digital-standards-not-follow-them-ncc-boss/Tue, 21 Jul 2026 04:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/africa-must-shape-global-digital-standards-not-follow-them-ncc-boss/ Luciana Womenswea, according to her, is a tool which lets customers upload a photo and see, within moments, how a chosen outfit might look on them before they commit to buying it.
Ojeniyi said the appe]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/firm-launches-nigerias-first-virtual-try-on-for-fashion-shoppers/Tue, 21 Jul 2026 04:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firm-launches-nigerias-first-virtual-try-on-for-fashion-shoppers/ The award, announced on July 17, honours the firm’s performance in investment banking, particularly in financing solutions, and highlights its growing influence in Nigeria’s financial sector.
Reacting to the recognition, Chief Executive O]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/iron-capital-bags-euromoney-award/Tue, 21 Jul 2026 04:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/iron-capital-bags-euromoney-award/ The Federal Competition and Consumer Protection Commission (FCCPC) has announced the resumption of the implementation and enforcement of the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations).
This follows a Federal High Court judgment affirming its authority to regulate Nigeria’s digital lending industry.
Justice A.L. Allagoa of the Federal High Court, Lagos, on Monday dismissed a suit instituted by the Wireless Appli]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/court-clears-fccpc-to-enforce-digital-lending-rules/Tue, 21 Jul 2026 04:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/court-clears-fccpc-to-enforce-digital-lending-rules/ The call was made during the Institute’s Bi-Annual State of Corporate Governance Press Conference, where it presented the first edition of its Governance Health Check and State of C]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sound-corporate-governance-key-to-national-development-ciod-tells-fg-others-2/Tue, 21 Jul 2026 03:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sound-corporate-governance-key-to-national-development-ciod-tells-fg-others-2/ The award comes amid renewed efforts by the Federal Government and the National Health Insurance Authority (NHIA) to deepen health insurance penetration, strengthen primary healthcare deliv]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/axa-mansard-health-wins-hmo-of-the-year-award-as-sector-records-wider-health-insurance-gains/Tue, 21 Jul 2026 03:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/axa-mansard-health-wins-hmo-of-the-year-award-as-sector-records-wider-health-insurance-gains/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cornerstone-grows-insurance-revenue-by-34/Tue, 21 Jul 2026 01:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cornerstone-grows-insurance-revenue-by-34/ The race to secure oil exploration rights for 50 oil and gas blocks across Nigeria has entered its decisive phase.
Already, 143 prequalified  companies have been invited to compete at the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) Commercial Bid Conference scheduled for tomorrow at the Transcorp Hilton Hotel, Abuja.The conference marks the climax of Nigeria’s 2025 Licensing Round, one of the country’s biggest acreage offerings in recent]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/race-for-50-oil-gas-blocks-enters-final-stage-as-143-firms-battle-for-licences/Mon, 20 Jul 2026 22:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/race-for-50-oil-gas-blocks-enters-final-stage-as-143-firms-battle-for-licences/ The issue will be examined under AEW’s newly introduced Renegade-Intel platform during a high-level panel session titled “Beyond the Grid: Natural Gas and th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/aew-2026-to-spotlight-natural-gas-as-catalyst-for-africas-ai-data-centre-growth/Mon, 20 Jul 2026 11:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/aew-2026-to-spotlight-natural-gas-as-catalyst-for-africas-ai-data-centre-growth/ Tofehinti, who stated this yesterday at the launch of NolliStream, said the platform was developed to reflect the viewing realities of Nigerians, particularly the challenges of expensive data and inconsistent internet connectivity.
He said the initiative, which is now available on the Apple App Store and Google P]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-nigerias-entertainment-viewership-declines-tofehinti/Mon, 20 Jul 2026 10:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-nigerias-entertainment-viewership-declines-tofehinti/ The Lagos State Parking Authority (LASPA) has stressed the need for responsible parking across, reaffirming its commitment to creating a safer, more orderly, and efficient parking system across the state.
 The General Manager of LASPA, Mrs. Adebisi Adelabu, disclosed this on Thursday while speaking on some of the activities of the Authority.
 She reiterated the state government’s resolve to establish an effective parking system and urged Lagos motorists to make p]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/lagos-set-for-structured-on-street-parking-as-laspa-calls-for-responsible-parking-culture/Mon, 20 Jul 2026 10:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/lagos-set-for-structured-on-street-parking-as-laspa-calls-for-responsible-parking-culture/ The Managing Director of Dangote Sinotruk West Africa Limited (DSWAL), Mr. Hikmat Thapa, has commended the National Automotive Design and Development Council (NADDC) and its Director-General, Otunba Oluwemimo Osanipin, for launching the National Automotive Repository Portal (NARP).
Thapa described the new portal as a landmark initiative that will accelerate the growth and competitiveness of Nigeria’s automotive industry.
The National Automotive Repository Portal (NARP), a]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-sinotruk-md-hails-naddcs-automotive-repository-portal/Mon, 20 Jul 2026 10:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-sinotruk-md-hails-naddcs-automotive-repository-portal/ Stellantis Middle East & Africa (MEA) recently brought together leading automotive and business media from across the region, where Samir Cherfan, Chief Operating Officer for Middle East & Africa, presented the FaSTLAne 2030 strategy with a clear focus on its regional execution and growth trajectory.
During the press conference, Stellantis detailed its ambition to increase revenues in the region by 40 percent while maintaining a double-digit operating margin. This will b]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/stellantis-mea-accelerate-fastlane-2030-execution-with-clear-regional-ambitions/Mon, 20 Jul 2026 10:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stellantis-mea-accelerate-fastlane-2030-execution-with-clear-regional-ambitions/ Nigeria’s push towards cleaner transportation will receive a major boost on July 30, 2026 as the Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, the Director-General of the National Automotive Design and Development Council (NADDC), Joseph Osanipin, and the Director-General of the Standards Organisation of Nigeria (SON), Dr. Ifeanyi Chukwunonso Okeke, gather to discuss relevant issues.
Joining them to headline the 3rd Nigeria Auto Journalists Associa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/frsc-auto-council-sonl-to-lead-talks-on-safe-ev-cng-rollout-at-naja-auto-summit/Mon, 20 Jul 2026 10:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/frsc-auto-council-sonl-to-lead-talks-on-safe-ev-cng-rollout-at-naja-auto-summit/ Speaking on the paper titled ‘Building Financial Wellness: The Role of Retirement Planning’ at a one-day training workshop organised by Leadway Group at the weekend, the Head of Personal Pension Plan at Leadway Pensure PFA, Mrs Rahinatu Omolamai, called on Nigerians to embrace early retirement planning as a critical]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerians-charged-on-early-retirement-planning/Mon, 20 Jul 2026 10:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerians-charged-on-early-retirement-planning/ Speaking at the valedictory ceremony held in honour of the immediate past President of CIIN,]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/insurance-doyens-demand-responsible-accountable-leadership-from-ciins-new-president/Mon, 20 Jul 2026 10:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/insurance-doyens-demand-responsible-accountable-leadership-from-ciins-new-president/ Speaking at its bi-annual State of Corporate Governance press conference, the President and Chairman of Council of the Institute, Mr Otunba Oyebanji, advised that governance should not be viewed as a compliance exercise but as a strategic enabler of econo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sound-corporate-governance-key-to-national-development-ciod-tells-fg-others/Mon, 20 Jul 2026 10:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sound-corporate-governance-key-to-national-development-ciod-tells-fg-others/https://www.newslocker.com/en-ng/news/nigeria-economy-news/alert-mfb-grows-assets-to-n50bn-amid-inflation-rising-credit-demand/Mon, 20 Jul 2026 09:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/alert-mfb-grows-assets-to-n50bn-amid-inflation-rising-credit-demand/https://www.newslocker.com/en-ng/news/nigeria-economy-news/declining-manufacturing-tax-signals-weakening-industrial-activity-oye/Mon, 20 Jul 2026 09:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/declining-manufacturing-tax-signals-weakening-industrial-activity-oye/https://www.newslocker.com/en-ng/news/nigeria-economy-news/naccima-china-seal-pact-to-boost-manufacturing-investment-in-nigeria/Mon, 20 Jul 2026 09:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/naccima-china-seal-pact-to-boost-manufacturing-investment-in-nigeria/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stakeholders-differ-on-cbns-withdrawal-from-manufacturers-intervention-fund/Mon, 20 Jul 2026 08:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stakeholders-differ-on-cbns-withdrawal-from-manufacturers-intervention-fund/https://www.newslocker.com/en-ng/news/nigeria-economy-news/future-ready-skills-will-define-nigerias-next-economic-leap-jmg/Mon, 20 Jul 2026 08:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/future-ready-skills-will-define-nigerias-next-economic-leap-jmg/https://www.newslocker.com/en-ng/news/nigeria-economy-news/uba-business-series-investors-identify-africas-next-billion-dollar-opportunities/Mon, 20 Jul 2026 08:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/uba-business-series-investors-identify-africas-next-billion-dollar-opportunities/https://www.newslocker.com/en-ng/news/nigeria-economy-news/inflation-policy-inconsistency-can-destabilise-economic-reforms-analysts-warn/Mon, 20 Jul 2026 08:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/inflation-policy-inconsistency-can-destabilise-economic-reforms-analysts-warn/https://www.newslocker.com/en-ng/news/nigeria-economy-news/banking-consumer-goods-stocks-buoy-stock-market-rebounds/Mon, 20 Jul 2026 08:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/banking-consumer-goods-stocks-buoy-stock-market-rebounds/ After more than five years of inactivity, the Public Transport Owners of Nigeria Association (PTONA), the umbrella body of mass transit owbersbl in the country, has returned with a renewed commitment to reposition the organisation and champion the welfare of transporters nationwide.
The association held its 2026 Annual General Meeting (AGM) in the Fadeyi area of Lagos, on Thursday, July 10, 2026, under the theme, “Restoring Trust, Repositioning PTONA,” where members]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ptona-reawakens-after-five-years-vows-to-tackle-challenges-restore-trust/Mon, 20 Jul 2026 06:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ptona-reawakens-after-five-years-vows-to-tackle-challenges-restore-trust/ Carloha Nigeria, the authorised dealer and assembler of Chery vehicles in Nigeria, has entered into a strategic partnership with Stanbic IBTC to provide vehicle financing solutions that will make Chery vehicle ownership more affordable and accessible to qualified customers across the country.
The collaboration combines Stanbic IBTC’s vehicle finance expertise with Carloha’s innovative ownership benefits, creating a seamless pathway for Nigerians to own brand-new Cher]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/carloha-stanbic-ibtc-partner-to-ease-chery-vehicle-ownership-woo-buyers-with-6-6-7-benefits-free-fuel/Mon, 20 Jul 2026 06:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/carloha-stanbic-ibtc-partner-to-ease-chery-vehicle-ownership-woo-buyers-with-6-6-7-benefits-free-fuel/ Transit Support Services Ltd. (TSS Motors), one of Nigeria’s reputable commercial vehicle assemblers and marketers, has rolled out Forland T5 – a new mini truck range designed to bring tremendous relief to the last-mile delivery segment of the country’s distribution industry.
Although it is usually the shortest stage of the delivery chain, the last mile remains the most expensive and complex aspect of logistics, accounting for a significant percentage of transp]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/relief-for-last-mile-delivery-operators-as-tss-motors-rolls-out-forland-t5-light-truck-variants/Mon, 20 Jul 2026 06:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/relief-for-last-mile-delivery-operators-as-tss-motors-rolls-out-forland-t5-light-truck-variants/ Lafbart Innovations & Consulting Ltd. (LAFBART), a premier Nigerian automotive engineering and manufacturing company, has taken another significant step towards fulfilling its vision of becoming one of Nigeria’s leading innovative mobility solutions providers.
 Located in Akure, Ondo State, the indigenous automotive manufacturer recently unveiled a series of Made-in-Nigeria vehicles designed for security, commerce, leisure, and infotainment, further demonstrating]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/made-in-nigeria-vehicles-with-60-local-content-excite-osanipin-as-lafbart-unveils-new-products/Mon, 20 Jul 2026 06:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/made-in-nigeria-vehicles-with-60-local-content-excite-osanipin-as-lafbart-unveils-new-products/  Winpart by CFAO, in partnership with CFAO Solidarity, has provided financial support to the Bethesda Child Support Foundation as part of a broader initiative aimed at strengthening community development and social impact across the regions where CFAO operates.
The contribution will support the foundation’s efforts to provide care, protection, education, and development opportunities for vulnerable children, helping to improve their well-being and future prospects.&nb]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/winpart-by-cfao-cfao-solidarity-support-bethesda-foundation-as-part-of-wider-community-impact-initiative/Mon, 20 Jul 2026 06:16:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/winpart-by-cfao-cfao-solidarity-support-bethesda-foundation-as-part-of-wider-community-impact-initiative/ The National Automotive Design and Development Council (NADDC), under the headship of its Director-General, Otunba Oluwemimo Osanipin, has taken another significant step towards transforming Nigeria’s automotive industry with the unveiling of the National Automotive Repository Portal (NARP) in Lagos.
Designed to transform the regulation, monitoring and development of Nigeria’s automotive industry through real-time data management and automated compliance processes, t]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/applause-as-naddc-unveils-narp-to-drive-digital-transformation-of-nigerias-auto-industry/Mon, 20 Jul 2026 06:13:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/applause-as-naddc-unveils-narp-to-drive-digital-transformation-of-nigerias-auto-industry/ •Laments deduction of N658bn by govt agencies as 6-month revenue collection cost
By Merit Ibe
Chairman,Alliance for Economic Research and Ethics (AERE), Dele Oye, has lamented the rising cost of governance, warning that the proliferation of more than 900 Ministries, Departments and Agencies (MDAs) is costing the country over ₦862 billion while worsening the business environment and undermining economic growth.
Oye, in a statement]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-losing-over-n862bn-annually-to-proliferation-of-mdas-says-ex-naccima-boss-oye/Mon, 20 Jul 2026 05:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-losing-over-n862bn-annually-to-proliferation-of-mdas-says-ex-naccima-boss-oye/ The NCDMB–Renaissance Oil and Gas Field Readiness Training Programme will provide participants with industry-relevant expertise in mechanical, electrical and instrumentation engineering, combining three mon]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncdmb-renaissance-train-300-graduates-in-oil-gas/Mon, 20 Jul 2026 04:13:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncdmb-renaissance-train-300-graduates-in-oil-gas/ The company also announced that it has achieved 6 million Lost Time Injury (LTI)-free man-hours in its OML-148 operations through its subsidiary, Enageed Resources Limited (ERL).
The company added that the achievement further reinforces its commitment to operational excellence and safety leadership.
LTI is a key indicator for workplace inj]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/asharami-energy-targets-350000bpd-production-by-2030/Mon, 20 Jul 2026 04:11:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/asharami-energy-targets-350000bpd-production-by-2030/ The Edo State Government has granted a 7-megawatt (MW) mini-grid electricity licence to indigenous renewable energy firm, IZENERGY Limited, in a major step towards expanding electricity access, promoting clean energy and accelerating industrial development across the state.
The licence was presented by the Commissioner for Power, Hon. Paul Usenbo, during a ceremony in Benin City.
Usenbo said IZENERGY met the financial and technical requirements stipulated under the Ed]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/edo-licenses-7mw-solar-mini-grid-as-izenergy-eyes-reliable-power/Mon, 20 Jul 2026 04:08:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/edo-licenses-7mw-solar-mini-grid-as-izenergy-eyes-reliable-power/ Despite improved crude oil production, stronger government revenues and ongoing economic reforms, the Organisation of the Petroleum Exporting Countries (OPEC) has warned that Nigeria’s economic recovery could face renewed headwinds from persistently high interest rates and inflation.
In its July Monthly Oil Market Report, OPEC said while Nigeria’s economic outlook remains encouraging in the near term, sustained growth would depend on the country’s ability to]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/opec-inflation-risks-persist-despite-nigerias-rising-oil-output/Mon, 20 Jul 2026 04:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/opec-inflation-risks-persist-despite-nigerias-rising-oil-output/ The latest factsheet from the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that Nigeria imported an estimated 543 million litres of Premium Motor Spirit (PMS), also known as petrol, in June 2026.
The 543 million litres import volume represents a sharp increase from approximately 177 million litres imported in May.
The report showed that average daily imported PMS receipts rose from 5.9 million litres in May to 18.1 million litres in June,]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-imports-jumped-207-to-543m-litres-in-june-nmdpra/Mon, 20 Jul 2026 04:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-imports-jumped-207-to-543m-litres-in-june-nmdpra/ Transcorp Power Plc reported a 13 per cent decline in profit after tax to N38.50 billion in the first half of 2026 as revenue fell 11.6 per cent to N181.97 billion, with the power generation company attributing the weaker performance to recurring transmission infrastructure vandalism that constrained electricity evacuation.
The company’s unaudited financial statements for the six months ended June 30, 2026 filed on tbt Nigerian Exchange Limited (NGX), showed that profit]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/transcorp-power-profit-drops-13-h1-revenue-dips-to-n18197bn/Mon, 20 Jul 2026 03:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/transcorp-power-profit-drops-13-h1-revenue-dips-to-n18197bn/ Investors on the Nigerian Exchange Limited (NGX) recorded a net gain of about N620 billion in market capitalisation during the trading week ended July 17, 2026, despite a 0.14 per cent decline in the benchmark All-Share Index (ASI), as the listing of additional shares and gains in selected stocks lifted the overall value of listed equities.
The NGX weekly market report showed that market capitalisation rose by 0.39 per cent to N157.057 trillion from N156.437 trillion recorded]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/investors-gain-n620bn-despite-014-weekly-dip-in-ngx-benchmark-index/Mon, 20 Jul 2026 03:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/investors-gain-n620bn-despite-014-weekly-dip-in-ngx-benchmark-index/ 08033246177, oritokeoyee@gmail.com
Over 3,600 people in vulnerable cocoa and artisanal mining communities can now access healthcare and social protection, reducing risks that push children into labour.
More than 3,600 women, men and children living in vulnerable cocoa-growing and artisanal mining communities across Ondo, Niger and Osun States are now better protected against illness, financial hardship and social exclusion, following a joint initiative by the International L]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/over-3600-vulnerable-nigerian-families-get-health-coverage-ilo/Mon, 20 Jul 2026 03:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/over-3600-vulnerable-nigerian-families-get-health-coverage-ilo/ From Bimbola Oyesola
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the National Pension Commission (PenCom) have recovered more than ₦3 billion in unremitted pension contributions from defaulting employers as part of an intensified enforcement drive to protect the retirement savings of Nigerian workers.
The recovery, according to PenCom, was achieved through a joint enforcement initiative between the]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/icpc-pencom-recover-over-n3bn-stolen-pension-deductions/Mon, 20 Jul 2026 03:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/icpc-pencom-recover-over-n3bn-stolen-pension-deductions/ The Managing Director and Chief Executive Officer of Coleman Technical Industries Limited, George Onafowokan, has urged Nigeria’s experienced manufacturers to deliberately mentor younger entrepreneurs, warning that the country’s ambition to become Africa’s industrial powerhouse may remain elusive unless a new generation of indigenous industrialists is nurtured.
Speaking on the future of Nigeria’s manufacturing sector, Onafowokan said building a strong]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/coleman-md-seeks-mentorship-of-younger-entrepreneurs-to-grow-manufacturing-sector/Mon, 20 Jul 2026 03:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/coleman-md-seeks-mentorship-of-younger-entrepreneurs-to-grow-manufacturing-sector/ …As Faleye pledges technical support
The Nigeria Social Insurance Trust Fund (NSITF) has reaffirmed its commitment to strengthening regional cooperation on social security, promising sustained technical support and knowledge sharing with The Gambia’s Industrial Injuries Compensation Fund (IICF) under the Social Security and Housing Finance Corporation (SSHFC).
The assurance came at the close of a week-long study tour by a high-powered Gambian delegation to the F]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsitf-backs-gambia-for-stronger-social-security-system/Mon, 20 Jul 2026 03:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsitf-backs-gambia-for-stronger-social-security-system/ Adediran, a Fellow of the Nigerian Institution of Estate Surveyors and Valuers, and Chairman, West African Chapter of African Real Estate Society (AfRES) stated this at the 2026 Heads of Practice Summit of the Abuja Branch of the Nigerian Institution of Estate Surveyors and Valuers in Abuja recently.
The theme of this year&rs]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/adediran-advises-estate-surveyors-and-valuers-to-embrace-technology/Mon, 20 Jul 2026 03:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/adediran-advises-estate-surveyors-and-valuers-to-embrace-technology/ This is sequel to a public notice issued by NRS on February 17, 2026 on the implementation timeline and the mandatory adoption of the national e-invoicing and EFS otherwise known as the Merchant Buyer Solution (MBS).
NRS chairman, Zacch Adedeji, personally signed the public notice informing all large taxpayers of the need to complete th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/e-invoicing-nrs-issues-deadline-for-compliance/Mon, 20 Jul 2026 03:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/e-invoicing-nrs-issues-deadline-for-compliance/ Zonal Chairman of IPMAN, Western Zone, Chief Oyewole Akanni, said the situation was triggered by the suspension of loading of the Premium Motor Spirit (PMS) at the Dangote Refinery about four days ago.
This, he said, forced marketers to source products from private depots at significant]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fuel-price-uncertainty-forces-marketers-to-temporarily-halt-supply-ipman/Mon, 20 Jul 2026 03:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fuel-price-uncertainty-forces-marketers-to-temporarily-halt-supply-ipman/ The consumer-driven initiative, launched by Maxima Media Group, will honour governments, farmers, agribusinesses, food brands, chefs and other stakeholders across 50 award categories spanning agriculture, food brands, culinary arts, tourism and hospitality, foo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/foodies-choice-awards-opens-nominations-across-5-african-countries/Mon, 20 Jul 2026 03:19:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/foodies-choice-awards-opens-nominations-across-5-african-countries/ Implemented by the Bank of Industry under the iDICE Startup Bridge initiative, the programme will select 12 tech-enabled startups from Nigeria’s six geopolitical zones]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/idice-opens-growth-lab-targets-nigerian-startups-with-350000-funding/Mon, 20 Jul 2026 03:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/idice-opens-growth-lab-targets-nigerian-startups-with-350000-funding/ The judgment, delivered on July 15, 2026, dismissed an appeal filed in 2019 by Chief Afolabi Igbaroola and others against the Federal Inland Revenue Service (now the Nigeria Revenue Service), CITN and other parties.
In a statement signed by the Registrar an]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/appeal-court-upholds-citns-authority-as-institute-vows-crackdown-on-tax-quacks/Mon, 20 Jul 2026 03:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/appeal-court-upholds-citns-authority-as-institute-vows-crackdown-on-tax-quacks/ Nigerian banks deposited an average of N4.54 trillion with the Central Bank of Nigeria (CBN) last week as excess cash in the banking system continued to rise.
The amount is 29 per cent higher than the N3.52 trillion banks kept with the apex bank the previous week, showing that lenders had more money than they needed for day-to-day operations.
The deposits were made through the CBN’s Standing Deposit Facility (SDF), a platform that allows banks to earn interest by safel]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/banks-keep-n454trn-with-cbn-as-cash-piles-up-in-financial-system/Mon, 20 Jul 2026 03:11:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/banks-keep-n454trn-with-cbn-as-cash-piles-up-in-financial-system/ Themed “Enhancing Competitiveness in Industry, Trade, and Investment for Inclusive Growth and Global Market Integration,” the 17th NCITI, which will last from Monday to Friday, brings together nearly 1,000 participants, comprising policymakers, investors, and industrial experts, to shape Nigeria’s economic future.
The event will have in attendance the]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/enugu-hosts-17th-national-council-on-industry-trade-and-investment/Sun, 19 Jul 2026 22:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/enugu-hosts-17th-national-council-on-industry-trade-and-investment/  
No fewer than 52 African countries will converge on Abuja this week for the 7th Ordinary Session of the African Telecommunications Union (ATU) Conference of Plenipotentiaries (CPL-26), as Nigeria hosts one of the continent’s biggest telecommunications and digital economy gatherings.
The conference, slated for July 23 and 24, will bring together ministers in charge of telecommunications, Information and Communication Technology (ICT) and the digital economy]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/52-african-nations-converge-on-abuja-for-ict-summit/Sun, 19 Jul 2026 21:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/52-african-nations-converge-on-abuja-for-ict-summit/ Nigeria currently generates an estimated 2.5 million tonnes of plastic waste annually, with Lagos alone accounting for approximately 870,000 tonnes of that figure. More than 88 per cent of this waste is never recycled, and a significant proportion finds its w]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/union-bank-employees-promote-cleaner-waterways-coastlines/Sun, 19 Jul 2026 04:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/union-bank-employees-promote-cleaner-waterways-coastlines/https://www.newslocker.com/en-ng/news/nigeria-economy-news/recapitalisation-sovereign-trust-reassures-policyholders/Sun, 19 Jul 2026 04:39:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/recapitalisation-sovereign-trust-reassures-policyholders/ The Chairman of the House of Representatives Committee on Insurance and Actuarial Matters, Hon. Ahmadu Usman Jaha, has reaffirms the National Assembly’s commitment to strengthening Nigeria’s insurance industry through legislation aimed at improving regulation, consumer protection and insurance penetration. 
Jaha gave the assurance over the weekend at the investiture of Mr. Akinjide Oluwarotimi-Orimolade who emerged as the 53rd President/Chairman of Council of the C]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/reps-vow-robust-legislative-support-for-insurance-sector/Sat, 18 Jul 2026 09:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/reps-vow-robust-legislative-support-for-insurance-sector/https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-aboyeji-built-2b-companies-from-lagos/Sat, 18 Jul 2026 07:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-aboyeji-built-2b-companies-from-lagos/ The Oma Life Rescue Foundation (OLIRF), alongside its development partners, has unveiled plans to provide scholarships to one million Nigerian students over the next decade under its flagship A Million Dream Educational Scholarship Project.
The foundation’s Founder and CEO, Ambassador Omanibe Ameh-Sanusi, disclosed this ahead of the official launch scheduled for July 27, 2026, in Abuja.She described the initiative as a major national intervention targeting brilliant but]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/olirf-partners-launch-10-year-scholarship-for-1-million-nigerians/Sat, 18 Jul 2026 04:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/olirf-partners-launch-10-year-scholarship-for-1-million-nigerians/ Adeniyi disclosed this during a dialogue with retirees of the NCS, where he said the funds had been disbursed to the PFAs for onward payment into the retirees’ individual accounts.
According to]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-releases-n761bn-to-pfas-for-prompt-payment-to-4237-retirees/Sat, 18 Jul 2026 03:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-releases-n761bn-to-pfas-for-prompt-payment-to-4237-retirees/ President Bola Tinubu has approved a new regulatory framework for Nigeria’s virtual assets industry with the signing of an executive order establishing a Virtual Asset Council to coordinate oversight of the country’s growing crypto sector.
The Presidency announced on Friday that the Presidential Executive Order on Virtual Assets Coordination, 2026 takes immediate effect. The initiative is designed to improve cooperation among regulators, strengthen investor protectio]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tinubu-creates-virtual-asset-council-to-oversee-crypto-sector/Fri, 17 Jul 2026 17:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tinubu-creates-virtual-asset-council-to-oversee-crypto-sector/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-to-track-poverty-incomes-to-assess-impact-of-reforms-oyedele/Fri, 17 Jul 2026 10:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-to-track-poverty-incomes-to-assess-impact-of-reforms-oyedele/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-mandates-bdcs-to-sell-unutilised-fx-to-nfem-within-24hrs/Fri, 17 Jul 2026 10:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-mandates-bdcs-to-sell-unutilised-fx-to-nfem-within-24hrs/https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-commences-nationwide-campaign-to-recover-unclaimed-dividends/Fri, 17 Jul 2026 08:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-commences-nationwide-campaign-to-recover-unclaimed-dividends/https://www.newslocker.com/en-ng/news/nigeria-economy-news/boi-to-channel-70-of-eib-facility-to-drive-cocoa-dairy-sectors/Fri, 17 Jul 2026 08:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/boi-to-channel-70-of-eib-facility-to-drive-cocoa-dairy-sectors/https://www.newslocker.com/en-ng/news/nigeria-economy-news/uoo-commends-gov-ottis-transformation-of-abia/Fri, 17 Jul 2026 08:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/uoo-commends-gov-ottis-transformation-of-abia/https://www.newslocker.com/en-ng/news/nigeria-economy-news/external-reserves-now-52bn-as-net-reserves-exceed-40bn/Fri, 17 Jul 2026 07:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/external-reserves-now-52bn-as-net-reserves-exceed-40bn/ The US House of Representatives has agreed to an amendment bill that would increase withholding of assistance to Nigeria from 50 percent to 100 percent until it takes effective steps to prevent and respond to violence within its territory.
Gregory Stuebe, who represents Florida’s 17th congressional district in the House, proposed the amendment on Wednesday.
Lawmakers later agreed to the move with a voice vote.
 The House had firs]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/us-reps-pass-bill-to-withhold-all-assistance-to-nigeria-until-terror-attacks-are-addressed-2/Fri, 17 Jul 2026 04:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/us-reps-pass-bill-to-withhold-all-assistance-to-nigeria-until-terror-attacks-are-addressed-2/ The US House of Representatives has agreed to an amendment bill that would increase withholding of assistance to Nigeria from 50 percent to 100 percent until it takes effective steps to prevent and respond to violence within its territory.
Gregory Stuebe, who represents Florida’s 17th congressional district in the House, proposed the amendment on Wednesday.
Lawmakers later agreed to the move with a voice vote.
The House had first prop]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/us-reps-pass-bill-to-withhold-all-assistance-to-nigeria-until-terror-attacks-are-addressed/Fri, 17 Jul 2026 04:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/us-reps-pass-bill-to-withhold-all-assistance-to-nigeria-until-terror-attacks-are-addressed/ From Adanna Nnamani, AbujaThe Federal Government has called on African countries to strengthen collaboration to bridge the continent’s telecommunications gap, warning that nearly one billion Africans are still without access to mobile internet.
Permanent Secretary, Federal Ministry of Communications and Digital Economy, Nadungu Gagare, made the call on Thursday in Abuja at the 7th Special Session of the African Telecommunications Unio]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-seeks-african-alliance-to-bridge-telecom-gap/Fri, 17 Jul 2026 02:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-seeks-african-alliance-to-bridge-telecom-gap/ Oyedele made this remarks while delivering a keynote speech at the BusinessDay’s CEO Forum in Lagos on Thursday. He said the finance ministry would introduce a framework to gauge sh]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/well-publish-new-income-poverty-metrics-soon-oyedele/Fri, 17 Jul 2026 02:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/well-publish-new-income-poverty-metrics-soon-oyedele/ The call was made at the latest edition of the UBA Business Series, themed “Building for African Realities: Turning Consumer Feedback into Technology-Driven Solutions,” held Thursday]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/uba-tasks-innovators-on-customer-driven-technology-solutions-for-africa/Fri, 17 Jul 2026 02:46:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/uba-tasks-innovators-on-customer-driven-technology-solutions-for-africa/ The nationwide promotion, organised by Nestlé Nigeria Plc and held between April and June 2026, attracted over 240,000 entries from consumers who purchased promotional sachets of NESCAFÉ Original 3-]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nescaf-rewards-41000-consumers-backs-entrepreneurial-ambitions/Fri, 17 Jul 2026 02:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nescaf-rewards-41000-consumers-backs-entrepreneurial-ambitions/ By Maduka Nweke
nwekemaduka88@gmail.com 
As Nigeria battles an estimated housing deficit of more than 22 million units, the increasing rate of building demolitions, particularly in Lagos State, is compounding an already critical housing challenge.While governments insist that many of the affected structures violate planning regulations, encroach on public infrastructure, or pose safety risks, critics argue that the manner in which demolitions]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-building-demolitions-are-deepening-lagos-housing-crisis/Fri, 17 Jul 2026 02:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-building-demolitions-are-deepening-lagos-housing-crisis/ HBM Nigeria Plc, formerly known as Lafarge Afr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/our-n2bn-csr-investment-creating-lasting-value-nationwide-akinyemi-hbm-gmd/Fri, 17 Jul 2026 02:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/our-n2bn-csr-investment-creating-lasting-value-nationwide-akinyemi-hbm-gmd/ talktonelo@yahoo.com
Dr. Christopher Edeh is the founder of Eastwing Aviation, a diploma-awarding aviation institute based in Enugu that trains aircraft engineers.In this interview with Daily Sun, he said that despite over a decade of operation and hundreds of its graduates now working in the aviation sector, the institute has grown largely without external backing or funding. He said over the years, he has sought support from the government, but nothing has been fo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/bad-roads-funding-shortage-our-biggest-constraints-edeh-eastwing-aviation-founder/Fri, 17 Jul 2026 02:39:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/bad-roads-funding-shortage-our-biggest-constraints-edeh-eastwing-aviation-founder/ talktonelo@yahoo.com
Dr. Christopher Edeh is the founder of East Wing Aviation, a diploma-awarding aviation institute based in Enugu that trains aircraft engineers.In this interview with Daily Sun, he said that despite over a decade of operation and hundreds of its graduates now working in the aviation sector, the institute has grown largely without external backing or funding. He said over the years, he has sought support from the government, but nothing has been f]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/bad-roads-funding-shortage-our-biggest-constraints-edeh-east-wing-aviation-founder/Fri, 17 Jul 2026 02:39:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/bad-roads-funding-shortage-our-biggest-constraints-edeh-east-wing-aviation-founder/ talktonelo@yahoo.com
 
Dr. Christopher Ede is the founder of East Wing Aviation, a diploma-awarding aviation institute based in Enugu that trains aircraft engineers.In this interview with Daily Sun, he said that despite over a decade of operation and hundreds of its graduates now working in the aviation sector, the institute has grown largely without external backing or funding. He said over the years, he has sought support from the government, but nothing has]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/bad-roads-funding-shortage-our-biggest-constraints-ede-east-wing-aviation-ceo/Fri, 17 Jul 2026 02:39:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/bad-roads-funding-shortage-our-biggest-constraints-ede-east-wing-aviation-ceo/https://www.newslocker.com/en-ng/news/nigeria-economy-news/aircraft-taxes-may-force-operators-to-relocate-aluvanze-kaao-ceo/Fri, 17 Jul 2026 02:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/aircraft-taxes-may-force-operators-to-relocate-aluvanze-kaao-ceo/ Speaking at the 14th annual BusinessDay CEO Forum yesterday in Lagos, Cardoso said the country had moved from a period of severe economic uncertainty to one of growing stability, at]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/foreign-reserves-hit-52bn-as-cardoso-projects-lower-inflation-1bn-monthly-remittances/Fri, 17 Jul 2026 02:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/foreign-reserves-hit-52bn-as-cardoso-projects-lower-inflation-1bn-monthly-remittances/ The latest hike may not be unconnected with the decision of the Dangote Refinery to suspend loading of petroleum products in view of its recent policy to suspend the sale of products in naira, opting for dollar as a means of payment.
Findings across major depots in Apapa reaveled the price changes.
A check on digital petroleum]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-ex-depot-price-rises-to-n1250litre/Fri, 17 Jul 2026 02:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-ex-depot-price-rises-to-n1250litre/ MARCON said the awards recognise exemplary leadership, professionalism, innovation and operational excellence that have strengthened Nigeria’s ma]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-cg-11-senior-officers-to-receive-marcon-honours/Fri, 17 Jul 2026 02:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-cg-11-senior-officers-to-receive-marcon-honours/ The campaign, which began with a town hall meeting in Lagos on Thursday, is designed to educate investors on the existence of unclaimed monies, the role of the National I]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-begins-nationwide-campaign-to-help-investors-recover-unclaimed-dividends/Fri, 17 Jul 2026 02:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-begins-nationwide-campaign-to-help-investors-recover-unclaimed-dividends/ Former Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Bala Wunti, has dismissed allegations that N210 trillion is missing from the accounts of the Nigerian National Petroleum Company Limited (NNPC Ltd.), telling the Senate that a detailed review of the company’s 2023 audited financial statements revealed no evidence of missing funds.
Appearing before the Senate Committee reviewing NNPC Ltd.&rsq]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/bala-wunti-to-senate-no-n210trn-missing-from-nnpc-accounts/Fri, 17 Jul 2026 02:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/bala-wunti-to-senate-no-n210trn-missing-from-nnpc-accounts/ Sterling Bank and StarTimes Nigeria have unveiled a nationwide solar financing initiative aimed at unlocking N2 billion in renewable energy financing by the end of 2026, as both organisations deepen efforts to expand access to clean and affordable energy across Nigeria.
The initiative, known as the Sterling Solar Financing Hubs, will see dedicated financing centres established inside StarTimes retail outlets, allowing customers to purchase solar solutions and be]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sterling-bank-startimes-target-n2bn-solar-financing/Fri, 17 Jul 2026 02:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sterling-bank-startimes-target-n2bn-solar-financing/ Nigeria’s food service industry is projected to expand from $11.09 billion in 2025 to $19.31 billion by 2030, growing at an annual rate of 11.73 per cent, as digital payment infrastructure continues to transform business operations across the sector.
This is according to a new industry case study released by Moniepoint, which examined four decades of Nigeria’s food service evolution and highlighted how technology has addressed longstanding challenges such as settlemen]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-food-service-industry-to-hit-193bn-by-2030-report/Fri, 17 Jul 2026 02:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-food-service-industry-to-hit-193bn-by-2030-report/ FAAN’s Director, Public Affairs and Consumer Protection, Henry Agbebire said in a statement that the V-Pass will let passengers confirm their identities through facial recognition, reducing the need to rely on physical ID documents at airports and will give travellers a secure digital identity through a one-t]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/faan-ends-physical-id-for-domestic-travel-unveils-facial-recognition-system/Fri, 17 Jul 2026 02:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/faan-ends-physical-id-for-domestic-travel-unveils-facial-recognition-system/ The Lagos Chamber of Commerce and Industry (LCCI) has called for improved access to finance for women entrepreneurs to unlock their growth potential and boost their contribution to Nigeria’s economy.
LCCI President, Leye Kupoliyi, made the appeal at the LCCI Women in Business/SME Group Product Day 2026, themed: “She Trades, She Thrives: Showcasing Excellence, Connecting Markets,” where he described women as key drivers of trade and economic transformation.]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/lcci-seeks-better-funding-for-women-entrepreneurs/Fri, 17 Jul 2026 02:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/lcci-seeks-better-funding-for-women-entrepreneurs/ Okafor made the remarks during the company’s 36th Annual General Meeting (AGM) held in Lagos, where he also announced plans to commemorate U.O.O Nigeria Plc’s 70th anniversary in Aba, the city where the company was founded.
“]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/uoo-plc-to-celebrate-70th-anniversary-in-abia/Fri, 17 Jul 2026 02:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/uoo-plc-to-celebrate-70th-anniversary-in-abia/ Abbas, who stated this at a Legislative Business Meeting held as part of the 2026 National Assembly Open Week, promised that the parliament would repeal obsolete laws hindering businesses as part of a broad legislative agenda to improve Nigeria’s competitiveness, attract investment and accelerate ec]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-must-leverage-afcfta-to-boost-economy-abbas/Thu, 16 Jul 2026 18:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-must-leverage-afcfta-to-boost-economy-abbas/ The Federal Airports Authority of Nigeria (FAAN) is rolling out V-Pass, a biometric identity verification system designed to make domestic air travel faster, safer and more seamless.
FAAN’s Director, Public Affairs and Consumer Protection, Henry Agbebire said in a statement that the V-Pass will let passengers confirm their identities through facial recognition, reducing the need to rely on physical ID documents at airports and will g]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/faan-to-stop-use-of-physical-id-for-domestic-travel/Thu, 16 Jul 2026 16:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/faan-to-stop-use-of-physical-id-for-domestic-travel/ Cape Town International Airport has emerged as Africa’s busiest airport connection for 2025, according to the latest World Air Transport Statistics (WATS) released by the International Air Transport Association (IATA).The route linking Cape Town to Johannesburg’s OR Tambo International Airport (CPT–JNB) carried 3.4 million passengers over the year, cementing its status as the continent’s leading dom]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/african-countries-missing-from-iatas-2025-worlds-top-10-passenger-markets/Thu, 16 Jul 2026 16:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/african-countries-missing-from-iatas-2025-worlds-top-10-passenger-markets/ He called for urgent action to address environmental degradation and insecurity in the country.
Jibril, who is now the Emir of Nasarawa, spoke yesterday at the 3rd Nigeria Socio-Ecological Alternatives Convergence (NSAC) in Abuja, organised by the Health of Mother Earth Foundation (HOMEF).
According to him, comm]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/unchecked-exploitation-mining-threaten-nigerias-economy-ex-minister-warns/Thu, 16 Jul 2026 16:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/unchecked-exploitation-mining-threaten-nigerias-economy-ex-minister-warns/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-experts-optimistic-on-h226-but-warn-investors/Thu, 16 Jul 2026 08:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-experts-optimistic-on-h226-but-warn-investors/https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-nigeria-can-overcome-hunger-bua/Thu, 16 Jul 2026 08:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-nigeria-can-overcome-hunger-bua/https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-price-reverses-gains-falls-08-despite-escalating-us-iran-hostilities/Thu, 16 Jul 2026 08:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-price-reverses-gains-falls-08-despite-escalating-us-iran-hostilities/https://www.newslocker.com/en-ng/news/nigeria-economy-news/food-inflation-still-rising-despite-drop-in-headline-rate/Thu, 16 Jul 2026 08:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/food-inflation-still-rising-despite-drop-in-headline-rate/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nip-2025-fg-positions-small-businesses-as-engine-of-industrialisation/Thu, 16 Jul 2026 08:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nip-2025-fg-positions-small-businesses-as-engine-of-industrialisation/https://www.newslocker.com/en-ng/news/nigeria-economy-news/manufacturers-sell-below-production-cost-to-offload-n2trn-unsold-inventory/Thu, 16 Jul 2026 08:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/manufacturers-sell-below-production-cost-to-offload-n2trn-unsold-inventory/ The airline said in a statement that the incident occurred shortly after the aircraft completed Flight P47427 from Kano and passengers had safely disembarked. According to Air Peace, the impact tore]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nahco-driver-damages-air-peace-jet-with-conveyor-belt-truck/Thu, 16 Jul 2026 06:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nahco-driver-damages-air-peace-jet-with-conveyor-belt-truck/ The virtual event, scheduled for Thursday, July 16, 2026, at 11:00 a.m. (WAT), is themed “Building for Africa’s Realities: Turning Consumer Feedback into Technology-Driv]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/mi-abaga-chowdeck-ceo-others-for-uba-business-series-on-innovation/Thu, 16 Jul 2026 06:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/mi-abaga-chowdeck-ceo-others-for-uba-business-series-on-innovation/ Statistician General of NBS, Adeyemi Adeniran, said that food inflation accelerated on a monthly basis, highlighting persistent pressure on household food costs.
Adeniran noted that the month-on-month headline inflation rate in June 2026 was 1.66 per cent, which was 0.09 p]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nbs-inflation-eased-to-1591-in-june-from-1593-in-may/Thu, 16 Jul 2026 06:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nbs-inflation-eased-to-1591-in-june-from-1593-in-may/ The guidelines, published in December 2025 and officially launched in Abuja on Monday, were developed by the Bureau of Public Procurement (BPP) i]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cappa-backs-fgs-new-food-procurement-rules-seeks-nationwide-compliance/Thu, 16 Jul 2026 06:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cappa-backs-fgs-new-food-procurement-rules-seeks-nationwide-compliance/ Nigeria’s annual spending of about $6 billion on imported clothing and textiles has again highlighted the steady decline of its once-thriving textile industry and the growing capital flight draining the nation’s economy.
Despite having abundant cotton and other raw materials, the country]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-6bn-annual-drain-is-crippling-nigerias-textile-industry/Thu, 16 Jul 2026 06:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-6bn-annual-drain-is-crippling-nigerias-textile-industry/https://www.newslocker.com/en-ng/news/nigeria-economy-news/aaan-red-amp-yellow-seal-talent-development-partnership/Thu, 16 Jul 2026 06:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/aaan-red-amp-yellow-seal-talent-development-partnership/ The call was made at the conference and Annual General Meeting (AGM) of NIPR, Lagos chapter held recently, where communication professionals, security experts, academics, policymakers and corporate leaders gathered at the MUSON Centre, Onikan, Lagos, for the grand finale of L]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/strategic-pr-crucial-to-security-nation-building-nipr/Thu, 16 Jul 2026 06:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/strategic-pr-crucial-to-security-nation-building-nipr/ The approval was secured at the 49th Session of the Codex Alimentarius Commission (CAC49), where the Standards Organisation of Nigeria (SON), representing the Federal Re]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-secures-global-approval-for-root-tuber-flour-standard/Thu, 16 Jul 2026 06:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-secures-global-approval-for-root-tuber-flour-standard/ The promotion, which runs nationwide, offers consumers the opportunity to win N1 million every day, N100,000 cash rewards for 1,000 winners, and a brand-new Toyota Land Cruiser Prado as the grand prize. The campaign is designed to reward loyal consumers whi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/guinness-rolls-out-campaign-to-reward-loyal-consumers/Thu, 16 Jul 2026 06:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/guinness-rolls-out-campaign-to-reward-loyal-consumers/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nddc-unveils-500m-agric-initiative-to-boost-rice-fish-production-cassava-cultivation/Thu, 16 Jul 2026 06:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nddc-unveils-500m-agric-initiative-to-boost-rice-fish-production-cassava-cultivation/ According to the results of the auction, the DMO offered N600 billion across the 91-day, 182-day and 364-day tenors.However, total subscriptions surged to N3.03 trillion, translating to a bid-to-offer ratio of 5.1 times underscoring the strong interest from banks, pension fund managers, as]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dmo-raises-n119trn-after-investors-oversubscribe-n600bn-offer/Thu, 16 Jul 2026 06:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dmo-raises-n119trn-after-investors-oversubscribe-n600bn-offer/https://www.newslocker.com/en-ng/news/nigeria-economy-news/asaba-incident-ncaa-bans-pilot-from-nigerian-airspace-suspends-first-officer-grounds-jet/Thu, 16 Jul 2026 06:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/asaba-incident-ncaa-bans-pilot-from-nigerian-airspace-suspends-first-officer-grounds-jet/ However, the report indicated that Nigeria has so far been largely insulated from the impact as the Dangote Petroleum Refinery continues to keep domestic prices below import parity.
According to the S&P Global Commodity Insight rates for cleaner petroleum products shipped from Northwest Europe to West Af]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fuel-importers-under-pressure-as-shipping-costs-jump-25/Thu, 16 Jul 2026 06:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fuel-importers-under-pressure-as-shipping-costs-jump-25/ The report said the banking industry has entered a new phase where success will no longer be measured by the amount of capital]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fresh-capital-not-enough-to-boost-banks-value-proshare/Thu, 16 Jul 2026 06:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fresh-capital-not-enough-to-boost-banks-value-proshare/ Shagari made this known during a facility tour of NIWA projects and facilities in Lagos, led by the Board Chairman]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/niwa-to-upgrade-dilapidated-jetties-phase-out-unsafe-boats/Thu, 16 Jul 2026 06:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/niwa-to-upgrade-dilapidated-jetties-phase-out-unsafe-boats/ In a blog by Jean-Marc Natal and Azim Sadikov, the Fund said although the war triggered the biggest disruption to the global oil market in decades, crude prices did not]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/meast-crisis-depleted-oil-buffers-raise-global-risks-imf/Thu, 16 Jul 2026 06:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/meast-crisis-depleted-oil-buffers-raise-global-risks-imf/https://www.newslocker.com/en-ng/news/nigeria-economy-news/outgoing-ciin-president-attributes-successful-tenure-to-flagship-initiative/Thu, 16 Jul 2026 05:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/outgoing-ciin-president-attributes-successful-tenure-to-flagship-initiative/ The indigenes are under the aegis of Oron Development Union (ODU), UK and Ireland chapter.
To actualise the dream, an Appeal Fund will be launched in London on July 25 as part of activities lined up to mark the 2026 Oron Day.
The announcement came in a statement jointly signed by its President and Publicity Secretary, L]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/oron-group-launches-appeal-fund-in-uk/Thu, 16 Jul 2026 03:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oron-group-launches-appeal-fund-in-uk/ The Director General of Nigeria Civil Aviation Authority (NCAA), Captain Chris Najomo, has imposed sanctions on the flight crew which operated the Bombardier Challenger CL601-3A, with registration N989BC, which mistakenly landed on road under construction near Asaba Airport in Delta State on June 10, 2026.
Speaking with journalists on the sidelines of the Airport Business Summit in Lagos, Captain Najomo disclosed that the pilot-in-command has been removed and banned from ope]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncaa-bans-pilot-suspends-first-officer-over-asaba-airport-incident/Wed, 15 Jul 2026 16:19:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncaa-bans-pilot-suspends-first-officer-over-asaba-airport-incident/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stanbic-ibtc-abia-state-partner-to-deepen-msme-growth/Wed, 15 Jul 2026 08:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stanbic-ibtc-abia-state-partner-to-deepen-msme-growth/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-benin-customs-strengthen-border-security-with-geospatial-tech/Wed, 15 Jul 2026 08:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-benin-customs-strengthen-border-security-with-geospatial-tech/https://www.newslocker.com/en-ng/news/nigeria-economy-news/power-failure-nigeria-loses-3100-gwh-to-gas-flaring/Wed, 15 Jul 2026 08:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/power-failure-nigeria-loses-3100-gwh-to-gas-flaring/https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-price-jumps-14-to-84-per-barrel-as-us-iran-ceasefire-collapses/Wed, 15 Jul 2026 08:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-price-jumps-14-to-84-per-barrel-as-us-iran-ceasefire-collapses/ Brent crude, the international oil benchmark, rose by 4.19 per cent to $86.79 per barrel, its highest level since June 12, while the US West Texas Intermediate (WTI) gained 3.16 per cent to $80.61 per barrel.
The latest rally followed renewed militar]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-hits-one-month-high-of-8679-as-us-iran-conflict-escalates/Wed, 15 Jul 2026 05:15:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-hits-one-month-high-of-8679-as-us-iran-conflict-escalates/ When the federal government introduced the mandatory National Identification Number-SIM linkage in 2020, the policy was projected as a game-changer in Nigeria’s fight against insecurity.By linking every SIM card to a verified identity, authorities believed anonymous communications used by criminals would become a thing of the past.
Six years later, however, kidnapping for ransom and terrorist attacks remain among the country’s biggest secu]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-why-kidnappers-terrorists-are-hard-to-trace-despite-nin-sim-linkage/Wed, 15 Jul 2026 05:15:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-why-kidnappers-terrorists-are-hard-to-trace-despite-nin-sim-linkage/ The Chief Digital Officer of The Encrypse Limited, Desmond Nnebue, gave the charge while delivering the keynote address at the AI Summit organised by Anchor University, Lagos, where he encouraged participants to become creators of AI solutions rather th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/innovate-or-be-left-behind-ai-expert-urges-nigerian-youths/Wed, 15 Jul 2026 05:13:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/innovate-or-be-left-behind-ai-expert-urges-nigerian-youths/ The company secured nominations across five award categories, including the Organizational Excellence in Governance, Risk and Compliance Award, which recognises institutions demonstratin]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/yellow-card-bags-7-africa-grc-financial-crime-award-nominations/Wed, 15 Jul 2026 05:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/yellow-card-bags-7-africa-grc-financial-crime-award-nominations/ The minister, who has been confirmed as the Special Guest of Honour, is expected to outline the Federal Government’s vision for leveraging innovation, indigenous technology and digital entrepreneurship to unlock opportunities in Nigeria’s fast-gro]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/minister-to-unveil-innovation-roadmap-at-enugu-gaming-conference/Wed, 15 Jul 2026 05:10:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/minister-to-unveil-innovation-roadmap-at-enugu-gaming-conference/ CAPMTAN National Chairman and Secretary Osigbe]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/traders-demand-taskforce-to-tackle-illegal-highway-checkpoints-multiple-taxation/Wed, 15 Jul 2026 05:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/traders-demand-taskforce-to-tackle-illegal-highway-checkpoints-multiple-taxation/ They warned that the policy could worsen pressure on the foreign exchange market, fuel inflation and force dealers to seek alternative sources of supply.
Speaking with Daily Sun, National President of Petroleum Products Retail Outlets Owners Association of Nigeria(PETROAN) Mr. Billy Gillis-Harry,said while the refinery has the right to determine its co]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/marketers-reject-dangotes-dollar-fuel-sales-eye-alternative-supply-channel/Wed, 15 Jul 2026 05:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/marketers-reject-dangotes-dollar-fuel-sales-eye-alternative-supply-channel/ The Federal Government has set up a Ministerial Advisory Committee to independently review the administration’s economic reforms as it intensifies efforts to ensure the policies deliver real benefits to Nigerians.
The committee, inaugurated on Tuesday in Abuja by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, is expected to provide evidence-based advice on the implementation of key reforms and help government convert policy decisions]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-sets-up-independent-committee-to-review-tinubus-economic-reforms/Wed, 15 Jul 2026 05:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-sets-up-independent-committee-to-review-tinubus-economic-reforms/ The global ranking, which assesses banks using audited financial statements, evaluates institutions based on financial strength, operational efficiency, liquidity, profitability, growth, risk management and other key performance indicators.
According to the]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/gtbank-emerges-nigerias-best-performing-bank-in-global-2026-rankings/Wed, 15 Jul 2026 05:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/gtbank-emerges-nigerias-best-performing-bank-in-global-2026-rankings/ With the theme, “AdVolution: The End of Advertising as We Know It and How to Win What Comes Next,” this year’s congress comes]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sanwo-olu-to-declare-53rd-aaan-agmcongress-open/Wed, 15 Jul 2026 04:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sanwo-olu-to-declare-53rd-aaan-agmcongress-open/ Despite its vast marine resources and more than 200 commercially valuable fish species, Nigeria remains heavily dependent on imported fish. Rather than harnessing its rich maritime endowment to become a leading fish-producing nation, the country spends over $1 billion annually on fish imports to meet domestic demand.The growing reli]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-underinvestment-costs-nigeria-1bn-annually-in-fish-imports-500000-jobs/Wed, 15 Jul 2026 04:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-underinvestment-costs-nigeria-1bn-annually-in-fish-imports-500000-jobs/ According to them, the continuous delay in signing the NPERA bill into law posed ambiguity over tariff setting and pricing mechanisms, increased commercial disputes, litigation and arbitrary charges, raised logistics costs and further delayed critical port governance reforms.
The NPERA bill, which was co]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/delay-in-npera-bill-assent-threatening-port-efficiency-competitiveness-say-stakeholders/Wed, 15 Jul 2026 04:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/delay-in-npera-bill-assent-threatening-port-efficiency-competitiveness-say-stakeholders/ Olubowale stated this in a statement titled: “Beyond Gas: Why the UTM Offshore FLN]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/utm-offshore-flng-projectll-transform-maritime-sector-olubowale/Wed, 15 Jul 2026 04:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/utm-offshore-flng-projectll-transform-maritime-sector-olubowale/ A source within the airline body who spoke to Daily Sun on condition of anonymity insisted that ATSSSAN and NUATE have no lega]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/unremitted-tsc-airlines-reject-unions-14-day-ultimatum/Wed, 15 Jul 2026 04:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/unremitted-tsc-airlines-reject-unions-14-day-ultimatum/ ​The event drew professionals from various industries alongside major corporate players, including Access Bank, ARM, Dangote Cement, FirstBank, IHS, OANDO, and SEPLAT Energy. Their participation highlighted a growing corporate alignment toward evidence-based practices an]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/spin-inducts-79-new-members-seeks-localised-governance-frameworks/Wed, 15 Jul 2026 04:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/spin-inducts-79-new-members-seeks-localised-governance-frameworks/ Data released by the Central Bank of Nigeria (CBN) showed that the local currency depreciated by N11.70, or 0.85 per cent, from N1,370/$1 recorded on July 3 to N1,381.70/$1 on July 10.
The naira came under pressure for most of the week, weakening on four out of the five tr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/naira-slides-to-n1381-reserves-hit-5174bn/Wed, 15 Jul 2026 04:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/naira-slides-to-n1381-reserves-hit-5174bn/https://www.newslocker.com/en-ng/news/nigeria-economy-news/economy-exits-contraction-but-households-remain-pessimistic-cbn/Tue, 14 Jul 2026 08:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/economy-exits-contraction-but-households-remain-pessimistic-cbn/ Six months later, that narrative has become far more complicated.
A combination of external shocks, persistent structural constraints and shifting investor sentiment has transformed the country’s outlook from one o]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/beyond-recovery-what-lies-ahead-for-nigerias-economy/Tue, 14 Jul 2026 05:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/beyond-recovery-what-lies-ahead-for-nigerias-economy/ The naira weakened by 0.5 per cent week-on-week (w/w) to close at N1,380.00/$1 in the official market, reversing the previous week’s gains when it appreciated to N1,373.00/$1 on the back of stronger offshore inflows and a larger $170 million intervention by the apex bank.
Ma]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dollar-demand-pressures-naira-despite-cbns-250m-intervention/Tue, 14 Jul 2026 05:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dollar-demand-pressures-naira-despite-cbns-250m-intervention/https://www.newslocker.com/en-ng/news/nigeria-economy-news/separating-real-farmers-from-ghost-beneficiaries-with-nimcs-digital-identity/Tue, 14 Jul 2026 05:02:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/separating-real-farmers-from-ghost-beneficiaries-with-nimcs-digital-identity/ Farmers said the soaring cost of conventional aquafeed, particularly fish meal, now accounts for as much as 70 per cent of production expenses, threatening the viability of fish farming businesses.
According to the Food and Agriculture Organisation (FAO), aquafeed accounts for between 50 and 70 per cent of]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/high-feed-costs-push-fish-farmers-to-insect-based-alternatives/Tue, 14 Jul 2026 05:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/high-feed-costs-push-fish-farmers-to-insect-based-alternatives/ Over 30,000 farmers and 10,000 youths in the seven North West states of the country are set to benefit from the North West Development Commission (NWDC)’s major interventions in agriculture and other sectors in the region, including healthcare, education, youth empowerment and security.Full-scale implementation of the interventio]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/30000-farmers-10000-youths-to-benefit-from-nwdcs-intervention-projects/Tue, 14 Jul 2026 04:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/30000-farmers-10000-youths-to-benefit-from-nwdcs-intervention-projects/ President Donald Trump said the United States was “taking over” the Strait and would be compensated for securing the strategic shipping route, deepening market anxiety over the risk of a wider co]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/renewed-us-iran-tensions-threaten-higher-costs-for-nigerian-firms/Tue, 14 Jul 2026 04:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/renewed-us-iran-tensions-threaten-higher-costs-for-nigerian-firms/ HBM Nigeria Plc has assured investors that its ongoing expansion programme and integration into the Huaxin Building Materials Group will deliver stronger long-term shareholder value, improve operational efficiency and position the company for sustained growth.
The company said the expansion of its Ashaka cement plant in Gombe State, expected to add 4.5 million tonnes of annual production capacity when commissioned in January 2027, would improve product availabil]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/hbm-nigeria-expands-to-boost-investor-returns-zero-waste-agenda/Tue, 14 Jul 2026 04:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/hbm-nigeria-expands-to-boost-investor-returns-zero-waste-agenda/ The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed on Sunday that Nigeria produced an average of 1.735 million bpd of crude oil and condensates in June, comprising 1.56 million bpd of crude oil a]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-crude-output-hits-74-month-high-beats-opec-quota-in-june/Tue, 14 Jul 2026 04:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-crude-output-hits-74-month-high-beats-opec-quota-in-june/ The initiative, carried out in partnership with the Lagos State Blood Transfusion Service (LSBTS) and Gbagada General Hospital, brought together employees of the payments infrastructure company to voluntarily donate blood for patients requiring emer]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/csr-hydrogen-staff-donate-blood-to-support-healthcare/Tue, 14 Jul 2026 04:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/csr-hydrogen-staff-donate-blood-to-support-healthcare/ The Public Relations Officer of IPMAN, Mr. Chukwudi Akadike, in an interview with Daily Sun, said although the association had yet to receive an official communication from the refinery, su]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerians-may-pay-more-for-petrol-if-dangote-sells-in-dollars-ipman-coran-warn/Tue, 14 Jul 2026 04:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerians-may-pay-more-for-petrol-if-dangote-sells-in-dollars-ipman-coran-warn/ The affected stations, Mangarborn Energy and Mobil Filling Station, are located in the Akute/Ajuwon area of Ifo Local Government Area.
Speaking during the enforcement exercise on Monday, the Head of Distribution Systems, Storage and Retailing Infrastructure at the NMDPRA Abeokuta Fi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nmdpra-seals-2-ogun-filling-stations-over-fuel-under-dispensing/Tue, 14 Jul 2026 04:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nmdpra-seals-2-ogun-filling-stations-over-fuel-under-dispensing/ No fewer than 26,961 unemployed Nigerians are set to benefit from the expanded phase of the Federal Government’s Renewed Hope Employment Initiative (RHEI) as the National Directorate of Employment (NDE) unveiled reforms aimed at improving transparency, expanding digital access and equipping participants with market-relevant skills.
Acting Director-General of the NDE, Mr. Edmund Onwuliri, announced the expansion during a meeting of the Directorate’s Executiv]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/26961-nigerians-to-benefit-as-nde-expands-employment-scheme/Tue, 14 Jul 2026 04:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/26961-nigerians-to-benefit-as-nde-expands-employment-scheme/ National President of NCMDLCA, Lucky Eyis Amiwero who stated this in a petition letter to Tinubu and other government agencies, sai]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncmdlca-seeks-loans-from-maritime-fund-to-replace-rickety-barges-trucks/Tue, 14 Jul 2026 03:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncmdlca-seeks-loans-from-maritime-fund-to-replace-rickety-barges-trucks/ He identified limited access to land, inconsistent government policies and weak trust within the real estate sector as some of the major factors responsible for the country’s growing housing deficit.
According to him, land remains the foundat]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/weak-policies-rising-costs-threatening-affordable-housing-developer/Tue, 14 Jul 2026 03:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/weak-policies-rising-costs-threatening-affordable-housing-developer/ The event brought together the company’s strategic business and trade partners for an evening of recognition, appreciation and entertainment, while rewarding outstanding performance and strengthening collaboration for future growth.
A total of 115 dealers who distinguished themselves]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/globacom-rewards-top-dealers/Tue, 14 Jul 2026 03:46:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/globacom-rewards-top-dealers/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-rebounds-as-investors-gain-n93trn-in-5-days/Mon, 13 Jul 2026 07:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-rebounds-as-investors-gain-n93trn-in-5-days/ The report, contained in the firm’s West Africa Security and Political Economy Report dated July 10, 2026, warned that despite ongoing security operations, criminal syndicates involved in]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/illegal-refining-oil-theft-networks-growing-more-sophisticated-across-niger-delta-report/Mon, 13 Jul 2026 05:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/illegal-refining-oil-theft-networks-growing-more-sophisticated-across-niger-delta-report/ The worsening traffic, especially around the Tin Can Island Port access road, has left trucks carrying export goods stuck for hours, forcing port users and truck owners to call on the f]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/export-goods-trapped-as-tanker-gridlock-chokes-port-roads/Mon, 13 Jul 2026 05:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/export-goods-trapped-as-tanker-gridlock-chokes-port-roads/ In its latest rating report, the technology-driven credit rating agency also affirmed Dangote Cement’s short-term rating at A1, with a Stable Outlook. The ratings are valid until June 16, 2027.
DataPro said the upg]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/datapro-upgrades-dangote-cements-credit-rating-to-aa/Mon, 13 Jul 2026 05:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/datapro-upgrades-dangote-cements-credit-rating-to-aa/ The award will be presented during UTA’s commemoration of the 2026 World Humanitarian Day on August 20 in Abuja, where Adeniyi will be honoured alongside other distinguished African lea]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/adeniyi-to-receive-international-humanitarian-award-for-customs-csr-initiative/Mon, 13 Jul 2026 05:19:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/adeniyi-to-receive-international-humanitarian-award-for-customs-csr-initiative/ The broad-based rally saw the benchmark NGX All-Share Index (ASI) rise by 6.35 per cent to close the week at 243,798.76 basis points from 229,240.34 points recorded the previous week, while the market’s year-to-date return strengthened to 56.67]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/industrial-stocks-boost-market-as-investors-pocket-n934trn-in-1wk/Mon, 13 Jul 2026 05:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/industrial-stocks-boost-market-as-investors-pocket-n934trn-in-1wk/ The brewer, in a notice filed with the Nigerian Exchange Limited (NGX), said the proposal involves two key steps including eliminating its negative retained earnings and returning excess capital to shareholders. The transaction remains subject to regulato]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/international-breweries-launches-plan-to-clear-n191bn-losses/Mon, 13 Jul 2026 04:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/international-breweries-launches-plan-to-clear-n191bn-losses/ The approval, disclosed in a notice filed with the Nigerian Exchange Limited (NGX), paves the way for Emerald HoldCo to acquire up to 11.742 million ordinary shares from minority shareholders at N590.94 per share. The offer will c]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-endorses-emerald-holdcos-n694bn-beta-glass-bid/Mon, 13 Jul 2026 04:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-endorses-emerald-holdcos-n694bn-beta-glass-bid/  
The federal government borrowed a net N7.6 trillion from the domestic debt market in the first half of 2026, highlighting its growing reliance on local investors to finance budget needs and other fiscal obligations.
This was revealed in a market review and outlook report titled Nigeria in 2026: Recovery to Realignment by investment firm Cordros Securities.
According to the report, the Debt Management Office (DMO) raised th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dmo-fg-borrowed-n76trn-via-t-bills-bonds-in-6-months/Mon, 13 Jul 2026 04:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dmo-fg-borrowed-n76trn-via-t-bills-bonds-in-6-months/ By Merit Ibe
Chairman, Alliance for Economic Research and Ethics (AERE) Ltd/GTE, Dele Oye, has lamented Nigeria’s worsening brain drain, saying it has reduced the country’s medical workforce to about 55,000 doctors serving a population of over 230 million.
This, he said, comes as decades of poor infrastructure continue to undermine economic growth and public service delivery.
In a policy brief titled “The Broken Windows of]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/oye-brain-drain-leaves-nigeria-with-only-55000-doctors-for-230m-people/Mon, 13 Jul 2026 04:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oye-brain-drain-leaves-nigeria-with-only-55000-doctors-for-230m-people/https://www.newslocker.com/en-ng/news/nigeria-economy-news/first-floating-lng-project-utm-offshore-targets-september-final-investment-decision/Mon, 13 Jul 2026 04:39:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/first-floating-lng-project-utm-offshore-targets-september-final-investment-decision/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-cracks-down-on-procurement-fraud-warns-mdas/Mon, 13 Jul 2026 04:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-cracks-down-on-procurement-fraud-warns-mdas/ Comptroller-General of Customs, Adewale Adeniyi, gave the assurance when the management of Renaissance Africa Energy Limited, led by its Vice President, Production, Meshack Maichibi, paid a courtesy visit to the Customs headquarters in Abuja at the weekend.
Adeniyi congra]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-seeks-deeper-partnership-with-renaissance-africa-to-boost-trade-energy-investments/Mon, 13 Jul 2026 04:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-seeks-deeper-partnership-with-renaissance-africa-to-boost-trade-energy-investments/ The company said the platform would digitise the movement of livestock, meat, poultry and seafood from producers to consumers, while addressing long-standing challenges in processing, distribution and transparency across the sector.
Speaking at th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/abis-digitises-nigerias-n33trn-protein-supply-chain/Mon, 13 Jul 2026 04:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/abis-digitises-nigerias-n33trn-protein-supply-chain/ The industry leaders, who spoke during a strategic panel session titled “Production Optimisation Strategies-Maximising Investments in the New Energy Landscap]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ageing-assets-talent-deficit-funding-gaps-threaten-nigerias-3mbpd-goal/Mon, 13 Jul 2026 04:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ageing-assets-talent-deficit-funding-gaps-threaten-nigerias-3mbpd-goal/ The Managing Director/Chief Executive Officer of NDPHC, Jennifer Adighije, gave the assurance when she led the company’s management team in issuing the Notice to Proceed (NTP) and formal hand over of the project site to the OEM, Schneider Electric/TILT Energy for the commencement of rehabilitation works.
She was accompani]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/225mw-gbarain-power-plant-to-be-revived-in-12-months-ndphc/Mon, 13 Jul 2026 04:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/225mw-gbarain-power-plant-to-be-revived-in-12-months-ndphc/ It won the Equality in Energy award while a Shell company, Daystar Power was honoured with the Sustainability in Energy award.
The honours which were part of the recognitions announced at the NOG Energy Awards recognised Shell for leading the way in equality, diversity and inclusion while Daystar]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/shell-bags-awards/Mon, 13 Jul 2026 04:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/shell-bags-awards/ The projects, with a combined capacity of 11.9MW, are being implemented by the Rural Electrification Agency (REA) under the Distributed Access through Renewable Energy Scale-up (DARES) Programme, with support from the World Bank.
The beneficiary communities a]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-lights-up-13500-homes-businesses-with-solar/Mon, 13 Jul 2026 04:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-lights-up-13500-homes-businesses-with-solar/https://www.newslocker.com/en-ng/news/nigeria-economy-news/banks-slash-lending-cut-n54trn-across-key-sectors/Mon, 13 Jul 2026 02:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/banks-slash-lending-cut-n54trn-across-key-sectors/ The honour will be conferred on the Customs CG alongside other distinguished African leaders and dignitaries during UTA’s commemoration of the 2026 World Humanitarian Day scheduled for August 20, 2026 in Abuja, Nigeria.
Disclosing this during a courtesy visit by]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-comptroller-general-to-receive-utas-international-humanitarian-award/Sun, 12 Jul 2026 21:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-comptroller-general-to-receive-utas-international-humanitarian-award/ The initiative, unveiled in Lagos as part of the 2026 AXA Week for Good, seeks to equip children, parents, teachers and communities with practical knowledge to prevent abuse, identify warning signs and access support services.
The launch forms part of AXA Mansard’s]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/lagos-govt-axa-kick-off-initiative-against-domestic-violence/Sun, 12 Jul 2026 04:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/lagos-govt-axa-kick-off-initiative-against-domestic-violence/  
Minister of theFederal Capital Territory (FCT), Nyesom Wike, has intervened in the encroachment of Abuja Electricity Distribution Company (AEDC) facility by land grabbers, a situation that threw the entire Maitama District of Abuja and environs into darkness.
Earlier, AEDC had reported that it could not supply electricity from its C2 Maitama Substation following the invasion and unlawful encroachment of the facility by land grabbers led by an Assistant Director o]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/maitama-blackout-wike-intervenes-in-aedc-fcda-case/Sun, 12 Jul 2026 03:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/maitama-blackout-wike-intervenes-in-aedc-fcda-case/ Speaking at the company’s 22nd Annual General Meeting (AGM) held at the Abuja Continental Hotel, the Managing Director, Mr. Suresh Kumar, said the company successfully navigated the challenges of 2025, a year characterised by full deregulation of the downs]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nipco-expands-retail-gas-infrastructure-targets-growth-in-deregulated-market/Sun, 12 Jul 2026 03:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nipco-expands-retail-gas-infrastructure-targets-growth-in-deregulated-market/ In a statement issued in Lagos on Saturday, AfriSAFE praised the “National General Cleaning Days” themed, Our Actions, Our Future: Cleaning Ghana After the Floods, which followed heavy rains in June that caused loss of lives, displacement of residents and disruption to communities.]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/afrisafe-lauds-ghana-presidents-leadership-on-post-flood-sanitation-drive/Sat, 11 Jul 2026 19:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/afrisafe-lauds-ghana-presidents-leadership-on-post-flood-sanitation-drive/ Nigeria, Cameroon, Côte d’Ivoire, and Ghana have announced plans to join forces to boost Cocoa production. 
Minister of State for Industry Trade and Investment, John Owan Enoh, in a statement yesterday, by his Special Assistant on Media, Odenke Ibiang, also disclosed that Nigeria would sign a national compact on processing what it grows.
Enoh noted that the countries that grow most of the world’s cocoa will gather in Abuja next week  to declare th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-cameroon-cte-divoire-ghana-join-forces-to-boost-cocoa-production/Sat, 11 Jul 2026 17:19:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-cameroon-cte-divoire-ghana-join-forces-to-boost-cocoa-production/ According to a preliminary investigation report released by the bureau on Friday, the aircraft, operated by V]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsib-says-pilot-of-aircraft-which-landed-on-road-near-asaba-mistook-it-for-runway/Sat, 11 Jul 2026 08:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsib-says-pilot-of-aircraft-which-landed-on-road-near-asaba-mistook-it-for-runway/ The Commandant of NAFRC, Air Vice Marshal Nnaemeka Ignatius Ilo, made the appeal during a courtesy visit to the Minister of Agriculture and Food Security, Senator Abubakar Kyari, at the ministry’s head]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nafrc-seeks-partnership-with-agriculture-ministry-to-empower-retiring-military-personnel/Sat, 11 Jul 2026 05:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nafrc-seeks-partnership-with-agriculture-ministry-to-empower-retiring-military-personnel/ Nigeria LNG Limited (NLNG) has won the Operational Excellence Award at the 2026 Energy Awards, a recognition of its performance in safety, efficiency and reliability at a time when the company is advancing its Train 7 expansion project.
The award was presented during the 25th anniversary edition of Nigeria Oil and Gas (NOG) Energy Week, held from July 5 to 9 at the Bola Ahmed Tinubu International Conference Centre in Abuja.
The Operational Excellence Award honours organisations t]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-lng-clinches-top-operational-excellence-award/Fri, 10 Jul 2026 23:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-lng-clinches-top-operational-excellence-award/ The Abuja Federal High Court has affirmed the statutory authority of the Federal Competition and Consumer Protection Commission (FCCPC) to investigate consumer complaints relating to the pricing of airline tickets.
The court clarified that the Commission’s investigative powers under the Federal Competition and Consumer Protection Act (FCCPA, 2018) are distinct from the exercise of a power to regulate price.
In a judgment delivered on June 29, Honourable Justice B.F.M. Nya]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/court-affirms-fccpcs-power-to-investigate-consumer-pricing-complaints/Fri, 10 Jul 2026 17:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/court-affirms-fccpcs-power-to-investigate-consumer-pricing-complaints/https://www.newslocker.com/en-ng/news/nigeria-economy-news/ngo-trains-over-20000-undergraduates-on-plastic-pollution/Fri, 10 Jul 2026 08:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ngo-trains-over-20000-undergraduates-on-plastic-pollution/https://www.newslocker.com/en-ng/news/nigeria-economy-news/mss-sets-to-train-100-young-nigerians-in-industry-related-skills/Fri, 10 Jul 2026 08:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/mss-sets-to-train-100-young-nigerians-in-industry-related-skills/https://www.newslocker.com/en-ng/news/nigeria-economy-news/diesel-prices-jump-as-petrol-sustains-stable-prices/Fri, 10 Jul 2026 08:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/diesel-prices-jump-as-petrol-sustains-stable-prices/https://www.newslocker.com/en-ng/news/nigeria-economy-news/sampp-dow-jones-places-nigeria-on-2027-frontier-market-watchlist/Fri, 10 Jul 2026 08:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sampp-dow-jones-places-nigeria-on-2027-frontier-market-watchlist/https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-cement-pushes-africas-net-zerocement-agenda-at-global-summit/Fri, 10 Jul 2026 08:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-cement-pushes-africas-net-zerocement-agenda-at-global-summit/https://www.newslocker.com/en-ng/news/nigeria-economy-news/multichoice-now-fully-integrated-into-global-media-group-canal-ceo-2/Fri, 10 Jul 2026 08:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/multichoice-now-fully-integrated-into-global-media-group-canal-ceo-2/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-solid-minerals-exports-hit-n354bn/Fri, 10 Jul 2026 08:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-solid-minerals-exports-hit-n354bn/  
By Chinelo Obogo    
talktonelo@yahoo.comAll 12 member states of the Economic Community of West African States (ECOWAS) have commenced the process of complying with the bloc’s directive to abolish and reduce taxes, charges and fees on air transport in an effort to crash airfares.The Director of Transport for ECOWAS, Chris Appiah, made the disclosure when he spoke alongside the Chief Executive Offi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ecowas-slashes-aviation-taxes-by-25-to-crash-airfares/Fri, 10 Jul 2026 04:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ecowas-slashes-aviation-taxes-by-25-to-crash-airfares/ The National Association of Aircraft Pilots and Engineers (NAAPE), NCAA branch, has warned that a bill before the National Assembly seeking to change how the five percent Ticket Sales Charge is shared among regulatory agencies could jeopardise air safety, insisting that the Nigeria Civil Aviation Authority (NCAA) is already operating under severe financial pressure.
In a statement signed by its NCAA branch Chairman, Diepreye Saburugha]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/air-safety-at-risk-if-ncaas-funding-is-cut-naape-warns/Fri, 10 Jul 2026 04:10:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/air-safety-at-risk-if-ncaas-funding-is-cut-naape-warns/ The EnterpriseNGR’s State of Enterprise 2026 Report, which reviewed the performance of Nigeria’s Financial and Professional Services sector in 2025 with updates for early 2026, highlights the increasing contribution of non-banki]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-fintech-industry-value-exceeds-106bn-insurance-premiums-hit-n23trn-pension-assets-rise-to-n295trn-report/Fri, 10 Jul 2026 04:08:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-fintech-industry-value-exceeds-106bn-insurance-premiums-hit-n23trn-pension-assets-rise-to-n295trn-report/ The experts spoke at the Audit Committee Conference held recently in Lagos, where they called for stronger governance practices, professional scepticism and proactive oversight to improve transparency and accountability in both the public and private sect]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/experts-seek-stronger-auditor-independence-to-safeguard-financial-reporting/Fri, 10 Jul 2026 04:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/experts-seek-stronger-auditor-independence-to-safeguard-financial-reporting/ The association said Adeniyi’s return to the helm of the WCO Council reflects the confidence reposed in him by cus]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/marcon-hails-adeniyis-re-election-as-wco-council-chair/Fri, 10 Jul 2026 04:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/marcon-hails-adeniyis-re-election-as-wco-council-chair/ According to the NPA’s latest Daily Shipping Position, the incoming vessels are scheduled to berth at the Apapa Port, Tin Can Island Port and Lekki Deep Sea Port.]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/33-ships-laden-with-fuel-food-other-cargo-expected-at-lagos-ports/Fri, 10 Jul 2026 04:02:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/33-ships-laden-with-fuel-food-other-cargo-expected-at-lagos-ports/ The projection is contained in an analysis of the CBN’s exposure drafts on the Revised Guidelines for the Licensing a]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/top-banks-battle-fresh-n5316bn-capital-shortfall-as-cbn-tightens-rules/Fri, 10 Jul 2026 03:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/top-banks-battle-fresh-n5316bn-capital-shortfall-as-cbn-tightens-rules/ In a strategy and position paper titled “Nigeria’s Path to Index Reclassification: A Unified Strategy on Policy Consistency and Operational Resilience,” the Director-General of the SEC]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-calls-for-policy-consistency-as-sampp-places-nigeria-on-2027-watchlist/Fri, 10 Jul 2026 03:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-calls-for-policy-consistency-as-sampp-places-nigeria-on-2027-watchlist/ UNA co-sponsored the blind segment of the ‘Henrotion in Expression’ event held in Port Harcourt on Sunday, which saw Sarima Owhur (Sari Wonder) walk away with a cash prize of N100,000 after delivering a standout vocal performance. The first runner-up, Kelly Zion, was also rewarded after comedian Funny Bone]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/united-nigeria-airlines-backs-blind-talent-show-winner/Fri, 10 Jul 2026 03:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/united-nigeria-airlines-backs-blind-talent-show-winner/ nwekemaduka88@gmail.com 
For millions of Nigerians struggling to survive the crushing effects of inflation, stagnant wages and a weak economy, finding a roof over their heads has become one of the biggest financial battles of modern life.
They are trapped between a mean tag team of aggressive landlords and shylock property agents whose escalating rents and multiple charges are swallowing incomes and pushing households deeper into poverty. From Lagos to Enugu and Abuja, the q]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/rent-trap-how-landlords-agents-are-pushing-nigerians-deeper-into-poverty/Fri, 10 Jul 2026 03:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rent-trap-how-landlords-agents-are-pushing-nigerians-deeper-into-poverty/ The programme was unveiled at a recent ceremony in Lagos attended by the Founding Partner of M.I. Okoro & Associates and Executive Producer of Real Estate Today, Dr. Innocent Meckson Okoro; the Chief Marketi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/mi-okoro-qshelter-launch-tv-programme-to-boost-housing-awareness/Fri, 10 Jul 2026 03:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/mi-okoro-qshelter-launch-tv-programme-to-boost-housing-awareness/ According to the report, with more than 320 million active accounts and a near-95 per cent inclusion rate, the country appears to have made significant progress but ye]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/enterprisengr-30m-dormant-accounts-expose-financial-inclusion-gaps/Fri, 10 Jul 2026 03:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/enterprisengr-30m-dormant-accounts-expose-financial-inclusion-gaps/ The federal government has begun a comprehensive review of capital projects executed under the National Development Plan (NDP) 2021–2025, saying the outcome will provide the evidence needed to improve project delivery and shape the country’s next five-year development blueprint.
The exercise, which focuses on projects implemented by Ministries, Departments and Agencies (MDAs) in the South-East and South-West between 2021 and 2023, is part of efforts to stren]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-commences-capital-projects-review-for-20262030-development-plan/Fri, 10 Jul 2026 03:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-commences-capital-projects-review-for-20262030-development-plan/ From Adanna Nnamani, Abuja
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the verification of depositors of the 46 microfinance banks whose operating licences were recently revoked by the Central Bank of Nigeria (CBN), assuring affected customers that efforts are underway to reimburse insured deposits.
The Corporation announced on Thursday that its officials had begun verification exercises at the offices of the affected microfinance banks acr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ndic-begins-payout-verification-for-46-closed-microfinance-banks/Fri, 10 Jul 2026 03:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ndic-begins-payout-verification-for-46-closed-microfinance-banks/ He said: “I regret that once again I am compelled to speak out following attacks on commercial ships and innocent seafarers, due to geopolitical circumstances beyond their control. I condemn the attacks over]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/imo-condemns-fresh-attacks-on-ships-in-strait-of-hormuz/Fri, 10 Jul 2026 03:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/imo-condemns-fresh-attacks-on-ships-in-strait-of-hormuz/ The latest rankings showed Nigeria scored 45.93 points, a remarkable improvement from the inaugural 2024 edition of the index, where it ranked 80th globally with a score of 7.21, representing a 42-place jump in two years. Egypt came second among African countries assessed.
Published by the Global]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-tops-africa-ranks-38th-globally-in-ai-governance/Fri, 10 Jul 2026 03:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-tops-africa-ranks-38th-globally-in-ai-governance/ The partnership, which also includes Citadel Power, Citadel Estates and Zylus International Group, is designed to reduce the high cost of buying electric vehicles (EVs), one of the biggest obstacles preventing many Nigerians from switching from petrol-powered cars.
Under the]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ev-automobiles-retrust-bank-partner-on-affordable-electric-cars/Fri, 10 Jul 2026 03:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ev-automobiles-retrust-bank-partner-on-affordable-electric-cars/ In a statement issued on Thursday, David Mignot, Chief Executive Officer of Canal+ Africa and MultiChoice, said the integration positions MultiChoice within a global media organisation with an extensive international footprint.
“MultiChoice is now a full subsidiary of a truly international media group operating in 70 countries. The gro]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/multichoice-now-fully-integrated-into-global-media-group-canal-ceo/Thu, 09 Jul 2026 20:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/multichoice-now-fully-integrated-into-global-media-group-canal-ceo/ The approval, however, came without an explanation of who owns the remaining 66 per cent equity in Lafarge Africa.
The approval followed the consideration of the report of the Senate Ad Hoc Committee set up to investigate the proposed sale by Holcim AG, the Swiss parent company of Lafarge A]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/senate-clears-1bn-lafarge-sale-as-ningi-questions-owner-of-66-shareholding/Thu, 09 Jul 2026 18:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/senate-clears-1bn-lafarge-sale-as-ningi-questions-owner-of-66-shareholding/ Executive Secretary and Chief Executive Officer of the Solid Minerals Development Fund (SMDF), Hajiya Fatima Umaru Shinkafi, disclosed that the sector also recorded a remarkable 33.5 per cent real growth in 2025, while reforms attracted fresh investment commitments wor]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-attracts-26bn-as-revenue-climbs-to-70bn-says-smdf-boss/Thu, 09 Jul 2026 13:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-attracts-26bn-as-revenue-climbs-to-70bn-says-smdf-boss/https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-effects-another-cut-in-petrol-price/Thu, 09 Jul 2026 08:10:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-effects-another-cut-in-petrol-price/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-standard-n100-note-remains-legal-tender/Thu, 09 Jul 2026 08:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-standard-n100-note-remains-legal-tender/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cofas-calls-for-cooperative-development-fund-in-anambra/Thu, 09 Jul 2026 08:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cofas-calls-for-cooperative-development-fund-in-anambra/https://www.newslocker.com/en-ng/news/nigeria-economy-news/naicom-charges-nia-to-rebuild-public-trust-in-insurance/Thu, 09 Jul 2026 07:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/naicom-charges-nia-to-rebuild-public-trust-in-insurance/https://www.newslocker.com/en-ng/news/nigeria-economy-news/rising-cost-of-essentials-to-push-more-nigerians-into-poverty-imf/Thu, 09 Jul 2026 07:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rising-cost-of-essentials-to-push-more-nigerians-into-poverty-imf/ The feat was propelled by aggressive drive in the implementation of mandatory health insurance currently revving higher.
The Director General of the NHIA, Kelechi Ohiri, disclosed this on Tuesday while speaking at the Annual General Meeting of the Ni]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nhia-health-insurance-coverage-rises-to-22m-as-mandatory-scheme-gains-momentum/Thu, 09 Jul 2026 04:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nhia-health-insurance-coverage-rises-to-22m-as-mandatory-scheme-gains-momentum/ At a Stakeholders and Customer Engagement Forum held at the terminal in Lagos, representatives of the National Single Window Project, th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/terminal-operator-rallies-stakeholders-to-resolve-national-single-window-bottlenecks/Thu, 09 Jul 2026 04:11:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/terminal-operator-rallies-stakeholders-to-resolve-national-single-window-bottlenecks/ Analysts say the government’s increased appetite for domestic borrowing is flooding the market with bonds, forcing investors to demand higher returns before lending mo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/heavy-fg-borrowing-to-keep-bond-yields-high-in-q3/Thu, 09 Jul 2026 04:09:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/heavy-fg-borrowing-to-keep-bond-yields-high-in-q3/ Smallholder farmers in Jalingo have been encouraged to take full advantage of the Federal Government’s Renewed Hope Smallholder Support and Value Chain Programme to improve agricultural productivity and strengthen Nigeria’s food security, as the Bank of Agriculture (BoA), in partnership with Japtini Food & Retail Company Limited, officially flagged off the 2026 farming season input distribution in Taraba State.
The initiative, financed by the Bank of Agriculture thr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/boa-japtini-begin-distribution-of-farm-input-to-15000-taraba-farmers/Thu, 09 Jul 2026 04:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/boa-japtini-begin-distribution-of-farm-input-to-15000-taraba-farmers/ In what it described as a major step towards repositioning Nigeria’s industrial sector, the federal government, yesterday, said it is on course to conclude and sign an agreement with a Chinese company before the end of 2026 to revive the long-idle Ajaokuta Steel Company.
The Minister of Steel Development, Sha’ibu Abubakar Audu, disclosed this during an appearance on the Nigerian Television Authority’s Good Morning Nigeria programme, wh]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-nears-2bn-ajaokuta-steel-revival-deal-with-chinese-investor/Thu, 09 Jul 2026 04:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-nears-2bn-ajaokuta-steel-revival-deal-with-chinese-investor/ The Central Bank of Nigeria (CBN) has warned members of the public, businesses and financial institutions against rejecting the standard N100 banknote, insisting that it remains legal tender and must be accepted for all transactions across the country.
The apex bank issued the warning on Wednesday following reports that some individuals and businesses had refused to accept the standard N100 note over concerns about its legal tender status.
In a statement signed by the]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-warns-against-rejection-of-standard-n100-note-threatens-sanctions/Thu, 09 Jul 2026 04:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-warns-against-rejection-of-standard-n100-note-threatens-sanctions/ The 88-seat aircraft, bearing Nigerian registration mark 5N-CGH, touched down at the Murtala Muhammed International Airport, Lagos, at exactly 8:32 p.m. on]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/air-peaces-first-brand-new-embraer-175-lands-in-lagos/Thu, 09 Jul 2026 04:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/air-peaces-first-brand-new-embraer-175-lands-in-lagos/ The initiative, spearheaded by the National Agricultural Development Fund (NADF), saw the flag-off of the distribution of 80,640 bags of fertiliser to 20,160 smallholder farmers across Anambra, Enugu, Ebonyi and Imo states ahead of the 2026 wet farming season.
Speaking at the flag-off c]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-launches-fertiliser-support-for-20160-south-east-farmers-to-boost-food-production/Thu, 09 Jul 2026 03:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-launches-fertiliser-support-for-20160-south-east-farmers-to-boost-food-production/ By Merit Ibe                                              ibe.merit@yahoo.com 
Africa’s ambition to become a global manufacturing hub is slipping further out of reach as an overwhelming reliance on imported goods continues to hollow out local industries, leaving factory floors silent and thous]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-import-addiction-is-fuelling-africas-deindustrialisation/Thu, 09 Jul 2026 03:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-import-addiction-is-fuelling-africas-deindustrialisation/ The all-expense-paid luxury experience, which held from March 4 to May 13, 2026, rewarded 46 outstanding business partners from across Nigeria with an unforgettable trip to Singapore in recognition of their dedication, consistency, and contribution t]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/mouka-empowers-entrepreneurs/Thu, 09 Jul 2026 03:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/mouka-empowers-entrepreneurs/ The AGM, scheduled to hold on July 22 in Lagos, will feature election of a new executive council and executive leadership session.
It will also feature Dr. Doyin Salami and Former Fox News Executive Prod]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/advan-agm-targets-sustainable-brand-growth/Thu, 09 Jul 2026 03:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/advan-agm-targets-sustainable-brand-growth/ The National Pension Commission (PenCom) has unveiled plans to deepen the pension industry’s participation in Nigeria’s capital market following the growth of pension assets to a record N31.32 trillion as of May 2026.
Director-General of National Pension Commission, Omolola Oloworaran, disclosed the plan on Tuesday while addressing journalists at the Pension Industry Leadership Council (PILC) press conference.
Oloworaran said the commission is engaging more]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/pencom-seeks-deeper-capital-market-play-as-assets-hit-n3132trn/Thu, 09 Jul 2026 03:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/pencom-seeks-deeper-capital-market-play-as-assets-hit-n3132trn/ The experts stated this yesterday during a strategic panel session at the 2026 NOG Energy Week titled “Realising Future Gas Economies: Building Secure, Integrated and Globally Competitive Hubs.”
The panellists, drawn from NNPC]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/power-sector-debt-infrastructure-gaps-biggest-threats-to-nigerias-gas-ambition-experts/Thu, 09 Jul 2026 03:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/power-sector-debt-infrastructure-gaps-biggest-threats-to-nigerias-gas-ambition-experts/ In its half-year economic review and outlook released on Sunday, the Chief Executive Officer of the CPPE, Muda Yusuf, said the country entered the second half of the year with stronger economic fundamen]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/economic-rebound-yet-to-lift-businesses-households-cppe/Thu, 09 Jul 2026 03:02:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/economic-rebound-yet-to-lift-businesses-households-cppe/https://www.newslocker.com/en-ng/news/nigeria-economy-news/investors-gain-n345trn-in-midweek-equities-rally/Thu, 09 Jul 2026 03:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/investors-gain-n345trn-in-midweek-equities-rally/ The Lagos state government has said that the long-standing challenge of multiple taxation in the state has significantly reduced, following the harmonisation of tax collection by both the state and federal governments.
The Permanent Secretary, Lagos State Ministry of Tourism, Arts and Culture, Oloruntoyin Bopo Oyekan-Ismaila, made this known at the opening of the Nigerian Association of Tour Operators’ (NATOP) first-ever secretariat in Lagos, where she represented the Commi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/lagos-reports-drop-in-multiple-taxation-as-natop-opens-first-secretariat/Thu, 09 Jul 2026 02:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/lagos-reports-drop-in-multiple-taxation-as-natop-opens-first-secretariat/ The auction attracted total subscriptions of N2.03 trillion, translating to a bid-to-offer ratio of 2.9 times, or 290 per cent oversubscription, underscoring continued demand for government securities, even as yields adjusted higher across parts of the curve.
At the auction,]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dmo-sells-n106trn-treasury-bills-amid-290-oversubscription/Thu, 09 Jul 2026 02:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dmo-sells-n106trn-treasury-bills-amid-290-oversubscription/ According to the General Manager of the port, Mr Debo Lawal, disclosed that the port also witnessed a 4.4 per cent increase in cargo throughput in 2025, handling 21,997,773 metric tonnes compared with 21,069,745 metric tonnes in 2024.
However, he attributed the improved performance to enhanced operational efficiency, infrastructure upg]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/apapa-port-records-38-rise-in-export-cargo/Thu, 09 Jul 2026 02:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/apapa-port-records-38-rise-in-export-cargo/ By Faheem Lawal
The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and the National Union of Air Transport Employees (NUATE) have issued a 14-day ultimatum to domestic airlines demanding the immediate remittance of outstanding 5% Ticket Sales Charges (TSC) owed to the Nigerian Civil Aviation Authority (NCAA) and other regulatory agencies.
In a letter addressed to the Chairman of the Airline Operators of Nigeria (AON), and signed by the General Secr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/aviation-unions-give-airlines-14-day-ultimatum-to-remit-tsc/Wed, 08 Jul 2026 21:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/aviation-unions-give-airlines-14-day-ultimatum-to-remit-tsc/ The project is a major deepwater investment expected to boost Nigeria’s crude oil production by about 40,000 barrels per day.
Esso Nigeria Managing Director, Jagir Baxi, made the announcement at the 2026 Nigeria Oil & Gas (NOG) Energy Week in Abuja.
He said the milestone would be marked next mo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-oil-output-to-grow-by-40000bpd-as-esso-launches-1bn-usan-project/Wed, 08 Jul 2026 20:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-oil-output-to-grow-by-40000bpd-as-esso-launches-1bn-usan-project/ The project is a major deepwater investment expected to boost Nigeria’s crude oil production by about 40,000 barrels per day.
Esso Nigeria Managing Director, Jagir Baxi, made the announcement at the 2026 Nigeria Oil & Gas (NOG) Energy Week in Abuja.
He said the milestone would be marked next mo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-oil-output-grows-by-40000bpd-as-esso-launches-1bn-usan-project/Wed, 08 Jul 2026 20:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-oil-output-grows-by-40000bpd-as-esso-launches-1bn-usan-project/ Abia state Governor, Dr. Alex Otti has described Micro, Small, and Medium Enterprises (MSMEs) as the backbone that propels any strong economy in the world.
Governor Otti stated this Wednesday in Aba, the state commercial hub during the Nigeria Business Summit – Regional Tour and commemoration of MSME Day, organized by the State Government in collaboration with the Stanbic IBTC Bank.
Represented by the Commissioner for Industry and SMEs, Michael Akpara, Dr. Otti s]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/msmes-remain-backbone-of-every-strong-economy-otti/Wed, 08 Jul 2026 17:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/msmes-remain-backbone-of-every-strong-economy-otti/  
The Minister of State for Petroleum Resources (Oil), Sen Heineken Lokpobiri, has declared that Nigeria’s ongoing reforms in the petroleum sector are yielding tangible results, with increased production, rising investor confidence, and renewed global interest positioning the country as a preferred destination for energy investment.
 
Lokpobiri highlighted these milestones during the Ministerial Panel Briefing at NOG Energy Week, while outlining the F]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-boosts-investors-confidence-to-secure-its-future-as-global-energy-hub/Wed, 08 Jul 2026 17:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-boosts-investors-confidence-to-secure-its-future-as-global-energy-hub/ Nigeria’s indigenous oil producers have raised the alarm over what they described as an excessive fiscal burden on the country’s petroleum industry.
The group under the ageis of the Independent Petroleum Producers Group (IPPG) revealed that operators contend with more than 270 different taxes, fees and statutory levies.
Chairman of IPPG, Adegbite Falade, stated this in his keynote address at the opening of the 2026 NOG Energy Week in A]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-petroleum-industry-burdened-by-over-270-taxes-levies-ippg-warns/Wed, 08 Jul 2026 11:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-petroleum-industry-burdened-by-over-270-taxes-levies-ippg-warns/https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-cement-targets-20-emissions-cut-expands-capacity-to-80mtpa/Wed, 08 Jul 2026 09:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-cement-targets-20-emissions-cut-expands-capacity-to-80mtpa/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-data-localisation-galaxy-backbone-moves-to-capture-banks-fintechs/Wed, 08 Jul 2026 09:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-data-localisation-galaxy-backbone-moves-to-capture-banks-fintechs/https://www.newslocker.com/en-ng/news/nigeria-economy-news/pension-industry-infrastructure-fund-nears-launch-pencom-dg/Wed, 08 Jul 2026 08:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/pension-industry-infrastructure-fund-nears-launch-pencom-dg/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nnpc-remits-n195tn-to-federation-account-in-14-months/Wed, 08 Jul 2026 08:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nnpc-remits-n195tn-to-federation-account-in-14-months/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-suspends-enforcement-of-new-internet-platform-digital-economy-regulations/Wed, 08 Jul 2026 08:46:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-suspends-enforcement-of-new-internet-platform-digital-economy-regulations/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-national-identity-database-captures-over-136-million-nimc/Wed, 08 Jul 2026 08:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-national-identity-database-captures-over-136-million-nimc/https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-surpasses-2025-revenue-target-by-1024/Wed, 08 Jul 2026 08:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-surpasses-2025-revenue-target-by-1024/https://www.newslocker.com/en-ng/news/nigeria-economy-news/lpg-fg-targets-5m-homes-for-cooking-gas-transition-ekpo/Wed, 08 Jul 2026 08:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/lpg-fg-targets-5m-homes-for-cooking-gas-transition-ekpo/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-lng-exports-hit-n2006trn-as-global-trade-reaches-record-high/Wed, 08 Jul 2026 08:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-lng-exports-hit-n2006trn-as-global-trade-reaches-record-high/ The inauguration, held in Asaba brought together officials of the Delta State Government, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), traditional rulers, communit]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/energia-oando-inaugurate-host-community-trust-under-pia/Wed, 08 Jul 2026 04:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/energia-oando-inaugurate-host-community-trust-under-pia/ The assessment, released on Friday, July 3, 2026, ranked the NCS among the best-performing Ministries, Departments and Agencies (MDAs) for meeting compliance standards and improving the speed and e]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/pebec-ranks-customs-among-top-agencies-for-trade-facilitation/Wed, 08 Jul 2026 04:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/pebec-ranks-customs-among-top-agencies-for-trade-facilitation/ In its 2026 World Investment Report, titled International Investment in a Turbulent Era, UNCTAD said foreign direct investment (FDI) remained the biggest source of external financing for d]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/un-nigeria-facing-tougher-battle-for-foreign-investments-as-global-uncertainty-deepens/Wed, 08 Jul 2026 04:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/un-nigeria-facing-tougher-battle-for-foreign-investments-as-global-uncertainty-deepens/ In a policy brief titled “From N644.9bn to a Trillion-Dollar Dream: Why Nigeria’s Manufacturers Need More Than Applause,” AERE’s Chairman, Kelvin Oye, described the intervention as “a drop of water]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/manufacturers-strained-bois-n6449bn-intervention-insufficient-oye/Wed, 08 Jul 2026 04:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/manufacturers-strained-bois-n6449bn-intervention-insufficient-oye/  
Players in Nigeria’s tech ecosystem are worried about persistent internet deficit, insisting it is stalling the country’s push to become Africa’s leading artificial intelligence (AI) hub.While several government-backed initiatives have been rolled out to expand digital skills, strengthen AI research and attract investment in emerging technologies, poor internet infrastructure is being fingered as the biggest]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/concerns-grow-as-poor-internet-threatens-nigerias-ai-ambitions/Wed, 08 Jul 2026 04:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/concerns-grow-as-poor-internet-threatens-nigerias-ai-ambitions/ The payment technology company made the call during the AfCFTA Digital Trade Forum (ADTF) 2026, held in Lagos, where it participated as a key sponsor and reaffirmed its commitment to advancing regional integration t]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/interswitch-seeks-unified-payments-to-unlock-afcfta-trade/Wed, 08 Jul 2026 04:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/interswitch-seeks-unified-payments-to-unlock-afcfta-trade/ Executive Vice Chairman and Chief Executive Officer of the NCC, Dr. Aminu Maida, made the appeal during a recent courtesy visit by the newly elected leadership of the National Association of Nigerian Students (NANS) to]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncc-charges-students-to-protect-telecom-infrastructure/Wed, 08 Jul 2026 04:19:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncc-charges-students-to-protect-telecom-infrastructure/ Funded by the UK Government through the Digital Access Programme and implemented by The Nest Innovation Technology Park,]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/uk-the-nest-partner-to-advance-nigerias-digital-innovation/Wed, 08 Jul 2026 04:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/uk-the-nest-partner-to-advance-nigerias-digital-innovation/https://www.newslocker.com/en-ng/news/nigeria-economy-news/coren-trains-200-building-collapse-investigators/Wed, 08 Jul 2026 04:16:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/coren-trains-200-building-collapse-investigators/ A senior executive of the company confirmed on Tuesday that the refinery, designed along the lines of the Dangote Petroleum Refinery in Lagos, will be constructed in the coastal Kenyan town of Lamu and is expected to be completed within 30]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-to-build-700000bpd-refinery-in-kenya-sets-30-month-completion-deadline/Wed, 08 Jul 2026 04:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-to-build-700000bpd-refinery-in-kenya-sets-30-month-completion-deadline/ The agreement, signed on the sidelines of the Nigeria Oil and Gas (NOG) Energy Week Conference in Abuja, provides for the suppl]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/utm-flng-secures-15-year-gas-supply-deal-with-nnpc-seplat-joint-venture/Wed, 08 Jul 2026 03:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/utm-flng-secures-15-year-gas-supply-deal-with-nnpc-seplat-joint-venture/ The Group Chief Executive Officer (GCEO) of NNPC Limited, Mr. Bashir Bayo Ojulari, has announced that the company’s crude oil export terminals have rebounded from near-total operational collapse to an average 98 per cent recovery.The GCEO stated this at the opening of the 25th NOG Energy Week in Abuja on Tuesday.
He described the turnaround as one of the major achievements recorded under the company’s ongoing transformation.Ojulari said NNPC recorded an average 98]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/as-nnpc-recovers-98-export-earnings-oil-output-hits-5-year-high/Wed, 08 Jul 2026 03:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/as-nnpc-recovers-98-export-earnings-oil-output-hits-5-year-high/ The warning comes amid moves to amend the existing revenue-sharing structure in favour of the Nigerian Airspace Management Agency (NAMA), with a Bill already before the National Assembly seeking to alter the allocation of the TSC.
Speaking with journalists i]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncaa-warns-against-revenue-cuts-says-funding-threat-could-jeopardise-safety/Wed, 08 Jul 2026 03:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncaa-warns-against-revenue-cuts-says-funding-threat-could-jeopardise-safety/https://www.newslocker.com/en-ng/news/nigeria-economy-news/experts-how-insurtech-can-redesign-nigerias-insurance-landscape/Wed, 08 Jul 2026 03:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/experts-how-insurtech-can-redesign-nigerias-insurance-landscape/ The National Pension Commission (PenCom) has commenced a review of the Pension Reform Act, 2014, 12 years after its last amendment, in a move aimed at modernising Nigeria’s pension system, closing implementation gaps and improving retirement benefits for millions of workers.
PenCom Director-General, Omolola Oloworaran, disclosed this on Tuesday after the third meeting of the Pension Industry Leadership Council held in Abuja. She said the review had become necessa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/pencom-to-amend-pension-reform-act-after-12-years/Wed, 08 Jul 2026 03:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/pencom-to-amend-pension-reform-act-after-12-years/ Stories by Steve Agbota                                   styvenchy@yahoo.com 
Nigeria’s bonded terminal industry is on the verge of collapse. Also at risk are over 20,000 jobs and investments worth over N5 trillion. All fingers point to low patronage.
A bonded terminal (also called a bonded warehouse or bonded cargo terminal, depend]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-bonded-terminal-industry-on-brink-of-collapse/Wed, 08 Jul 2026 02:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-bonded-terminal-industry-on-brink-of-collapse/ Farinto, who has been one of the leading voices in Customs and port sector advocacy, stated this while addressing newsmen in Apapa recently, said that the introduction of the environmental levy should not be viewe]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/green-tax-levy-long-overdue-in-nigeria-farinto/Wed, 08 Jul 2026 02:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/green-tax-levy-long-overdue-in-nigeria-farinto/ The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Ghana Maritime Authority (GMA) formalised the partnership through a Memorandum of Under]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-ghana-seal-pact-to-boost-seafarers-certification-security/Wed, 08 Jul 2026 02:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-ghana-seal-pact-to-boost-seafarers-certification-security/ The meeting, held in London yesterday,  focused on leveraging global expertise to support inland waterways d]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/niwa-seeks-global-expertise-to-modernise-nigerias-inland-waterways/Wed, 08 Jul 2026 02:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/niwa-seeks-global-expertise-to-modernise-nigerias-inland-waterways/ The directive was issued by the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, followin]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-suspends-enforcement-of-new-internet-rules/Wed, 08 Jul 2026 02:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-suspends-enforcement-of-new-internet-rules/ The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, announced the development on Tuesday while speaking at the NOG Energy Week 2026 Conference in Abuja.
According to the minister, the IEA officially admitted Nigeria as i]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-becomes-first-opec-member-admitted-into-international-energy-agency/Wed, 08 Jul 2026 02:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-becomes-first-opec-member-admitted-into-international-energy-agency/ The focus comes as the global maritime community commemorates the International Day of the Seafarer u]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/mba-moves-to-secure-energy-supply-as-global-conflicts-threaten-trade-routes/Wed, 08 Jul 2026 02:44:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/mba-moves-to-secure-energy-supply-as-global-conflicts-threaten-trade-routes/ The Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, stated this at Nigeria Energy Week 2026 in Abuja.
Ekpo said the Tinubu administration had transformed Nigeria into a more predictable an]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-woos-global-investors-leans-on-gas-reforms-to-drive-economic-growth/Tue, 07 Jul 2026 22:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-woos-global-investors-leans-on-gas-reforms-to-drive-economic-growth/ ***We’re battling unprecedented cost pressures — Operators
By Progress GodfreyNigeria’s Information and Communication Technology (ICT) sector recorded its first decline in Company Income Tax (CIT) in four years, reflecting a reversal of fortune in the sector.The National Bureau of Statistics (NBS) Company Income Tax report showed that CIT from the ICT declined to N63.62 billion in the first quarter of 202]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/insecurity-soaring-operational-costs-others-stallict-tax-boom/Tue, 07 Jul 2026 20:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/insecurity-soaring-operational-costs-others-stallict-tax-boom/ The Commissioner for Special Duties and Intergovernmental Affairs, Hon. Sunday Faleke, stated this on Monday in Abuja at the official commencement of the Kogi State Youth Mining and Jewellery Craftsmanship Empowerment Programme. He said the initiativ]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/kogi-to-build-global-gemstone-industry-through-youth-skills-development/Tue, 07 Jul 2026 19:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/kogi-to-build-global-gemstone-industry-through-youth-skills-development/ The company, in a statement on Tuesday, disclosed that the discovery marks its first major exploration success since taking over operatorship of the assets.
The statement added that preliminary evaluation of the shallow-water well revealed an estimated 1,000-foot hydrocarbon-bearing column across seven reservoirs,]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/oml-74-renaissance-strikes-major-offshore-oil-discovery/Tue, 07 Jul 2026 19:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oml-74-renaissance-strikes-major-offshore-oil-discovery/  
The Federal Government has directed relevant regulatory agencies to suspend the implementation and enforcement of newly issued regulations, codes, guidelines and administrative requirements affecting internet platforms, online intermediaries and other cross-cutting digital economy issues pending the development of a harmonised national policy framework.
 
The directive was issued by the Minister of Communications, Innovation and Digital Economy, Dr. Bosun T]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-suspends-fresh-enforcement-on-internet-platform-regulations/Tue, 07 Jul 2026 13:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-suspends-fresh-enforcement-on-internet-platform-regulations/https://www.newslocker.com/en-ng/news/nigeria-economy-news/recapitalisation-companies-with-outstanding-claims-will-not-be-relicensed-naicom/Tue, 07 Jul 2026 07:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/recapitalisation-companies-with-outstanding-claims-will-not-be-relicensed-naicom/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-incurs-n3583bn-electricity-subsidy-in-q1-nerc/Tue, 07 Jul 2026 07:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-incurs-n3583bn-electricity-subsidy-in-q1-nerc/https://www.newslocker.com/en-ng/news/nigeria-economy-news/beta-glass-injects-n1tr-into-economy-in-10yrs-unveils-new-board/Tue, 07 Jul 2026 07:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/beta-glass-injects-n1tr-into-economy-in-10yrs-unveils-new-board/https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-major-marketers-cut-petrol-depot-prices-as-fg-mounts-pressure/Tue, 07 Jul 2026 07:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-major-marketers-cut-petrol-depot-prices-as-fg-mounts-pressure/  The federal government, on Monday, convened a high-level meeting with key stakeholders in the downstream petroleum sector to address concerns over the pricing of Premium Motor Spirit (PMS), insisting that the benefits of lower global crude oil prices should be reflected in pump prices.
The meeting, held at the headquarters of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Abuja, brought together representatives of Dangote Ref]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-queries-high-petrol-costs-amid-falling-global-crude-prices/Tue, 07 Jul 2026 04:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-queries-high-petrol-costs-amid-falling-global-crude-prices/ The bank also announced the appointment of Emmanuel N. Nnorom as the new Group Chairman. His appointment will take effect on the same date following Mr. Elumelu’s retirement.
The decision was taken at the Board of Directors’ meeting held on July]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tony-elumelu-to-retire-as-uba-chairman-aug-21-emmanuel-nnorom-named-successor/Tue, 07 Jul 2026 04:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tony-elumelu-to-retire-as-uba-chairman-aug-21-emmanuel-nnorom-named-successor/ Justice Aneke was said to be indisposed, prompting the court to adjourn the matter until October 7 for hearing.
The suit, marked FHC/L/CS/857/2026, also involves the Nigerian National Petroleum Company]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/import-licences-judges-absence-stalls-dangote-refinerys-suit-against-fg/Tue, 07 Jul 2026 04:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/import-licences-judges-absence-stalls-dangote-refinerys-suit-against-fg/ The report, which compares key economic indicators between May 2023 and mid-2026, argues that while the]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-reforms-stabilising-economy-but-revenue-debt-education-gaps-persist-nrs/Tue, 07 Jul 2026 04:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-reforms-stabilising-economy-but-revenue-debt-education-gaps-persist-nrs/ Speaking during the resettlement ceremony for beneficiaries of the Renewed Hope Employment Initiative Phase II at the Federal Secretariat Hall in Ow]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nde-trains-2000-unemployed-persons-in-imo/Tue, 07 Jul 2026 04:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nde-trains-2000-unemployed-persons-in-imo/ Elombi, who visited the facility on July 3 as part of his working tour of Nigeria and the wider region, commended the Centre’s achievements within its first year of operation, describing them as proof that Afric]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/elombi-backs-amces-drive-for-africas-health-sovereignty/Tue, 07 Jul 2026 04:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/elombi-backs-amces-drive-for-africas-health-sovereignty/ The move, according to the agency, is designed to eliminate intermediaries from Nigeria’s oil and gas contracting process and channel business directly to qualified local companies.
Executive Secretary of the NCDMB, Mr. Felix Ogbe, announced the initiative on Monday at the 25th Nigeria Oil and Gas (N]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncdmb-to-audit-oil-amp-gas-firms-eliminate-lsquobriefcasersquo-contractors/Tue, 07 Jul 2026 04:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncdmb-to-audit-oil-amp-gas-firms-eliminate-lsquobriefcasersquo-contractors/ The renewed commitment was announced on Monday during the Access UK Polo Day hosted by Access Bank UK in London, where stakeholders celebrated more than 15 years of collaboration that has transformed educa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/access-bank-partners-boost-education-for-vulnerable-children/Tue, 07 Jul 2026 04:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/access-bank-partners-boost-education-for-vulnerable-children/ The appointment marks a significant step in the company’s drive to strengthen its corporate governance and position itself for its next phase of growth.
In a statement, the company said the enhanced board structure would reinforce oversight, accelerate innovation, and support its strategic growth]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/deji-olanrewaju-appointed-zedvance-board-chairman/Tue, 07 Jul 2026 04:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/deji-olanrewaju-appointed-zedvance-board-chairman/ That is the billion dollar question on the lips of analysts as many dissect the ballooning borrowing appetite which is fast becoming a defining feature of the nation’s economic policy.
This has raised fresh concerns as many wonder how what began as a short-term response to fiscal pressure is now turning into a deeper dependence on debt. That shift, experts note, could have implications that stretch well beyond the governm]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/inside-nigerias-rising-borrowing-and-risks-to-economic-expansion/Tue, 07 Jul 2026 04:19:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/inside-nigerias-rising-borrowing-and-risks-to-economic-expansion/ Persistent global uncertainties and heightened geopolitical tensions took a toll on Nigeria’s foreign exchange market in June, as foreign investors turned cautious and domestic foreign currency supply weakened, dragging total inflows into the Nigerian Foreign Exchange Market (NFEM) down by 20.7 per cent.
Latest data from FMDQ showed total FX inflows fell to $3.31 billion in June from $4.17 billion recorded in May, reflec]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/global-tensions-investor-caution-cut-fx-inflows-by-207/Tue, 07 Jul 2026 04:16:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/global-tensions-investor-caution-cut-fx-inflows-by-207/https://www.newslocker.com/en-ng/news/nigeria-economy-news/elumelu-retires-as-uba-chairman-nnorom-named-successor/Tue, 07 Jul 2026 02:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/elumelu-retires-as-uba-chairman-nnorom-named-successor/ The latest move came from OneHealth by AXA, which has introduced Geriatric and Optometry clinics at its Victoria Island Medical Centre in Lagos, widening access to specialised care and reinforcing the growing role of private healthcar]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/private-healthcare-investment-deepens-as-onehealth-by-axa-expands-specialist-services/Tue, 07 Jul 2026 01:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/private-healthcare-investment-deepens-as-onehealth-by-axa-expands-specialist-services/ The recognition comes amid growing calls for increased voluntary blood donation to address recurring shortages in healthcare facilities across Nigeria, where hospitals conti]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/underwriter-bags-luth-award-for-boosting-voluntary-blood-donation/Tue, 07 Jul 2026 01:11:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/underwriter-bags-luth-award-for-boosting-voluntary-blood-donation/ From Ndubuisi Orji, Abuja
The Nigeria Customs Service( NCS) has said that it is targeting a revenue of 11.07trillion for the 2026 fiscal, noting that it would deepen automation, expand intelligence-led enforcement and enhance trade facilitation to achieve its projection.
The Comptroller-General of Customs ( CGC), Adewale Adeniyi, disclosed this, on Monday, when he appeared before the House of Representatives Committee on Customs and Excise for a d]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-eye-1107tn-revenue-for-2026/Mon, 06 Jul 2026 19:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-eye-1107tn-revenue-for-2026/ United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony O. Elumelu, will retire from the Board of Directors on August 21, 2026, after completing the 12-year tenure limit for non-executive directors prescribed by the Central Bank of Nigeria (CBN).
The bank also announced the appointment of Emmanuel N. Nnorom, a Non-Executive Director, as the new Group Chairman with effect from August 21, 2026.
UBA disclosed the development in a statement on Monday, saying]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tony-elumelu-retires-as-uba-group-chairman-nnorom-named-successor/Mon, 06 Jul 2026 18:09:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tony-elumelu-retires-as-uba-group-chairman-nnorom-named-successor/https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-cement-rewards-shareholders-with-n7538bn-dividend-pays-n45-per-share/Mon, 06 Jul 2026 09:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-cement-rewards-shareholders-with-n7538bn-dividend-pays-n45-per-share/https://www.newslocker.com/en-ng/news/nigeria-economy-news/ebrd-targets-15bn-investments-in-nigeria-over-3-years/Mon, 06 Jul 2026 08:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ebrd-targets-15bn-investments-in-nigeria-over-3-years/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-targets-green-industrialisation-with-critical-minerals-roadmap/Mon, 06 Jul 2026 08:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-targets-green-industrialisation-with-critical-minerals-roadmap/https://www.newslocker.com/en-ng/news/nigeria-economy-news/manufacturers-embrace-local-sourcing-value-addition-to-cut-import-dependence/Mon, 06 Jul 2026 08:46:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/manufacturers-embrace-local-sourcing-value-addition-to-cut-import-dependence/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stransact-to-reward-100-varsity-students-nationwide/Mon, 06 Jul 2026 08:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stransact-to-reward-100-varsity-students-nationwide/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-shareholders-approve-n231bn-dividend/Mon, 06 Jul 2026 08:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-shareholders-approve-n231bn-dividend/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsc-protects-n906bn-1348m-for-nigerian-shippers/Mon, 06 Jul 2026 08:19:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsc-protects-n906bn-1348m-for-nigerian-shippers/https://www.newslocker.com/en-ng/news/nigeria-economy-news/blue-economy-fg-calls-for-state-private-sector-collaboration/Mon, 06 Jul 2026 08:11:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/blue-economy-fg-calls-for-state-private-sector-collaboration/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-sustains-loss-position-as-profit-taking-wipes-out-n18trn/Mon, 06 Jul 2026 08:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-sustains-loss-position-as-profit-taking-wipes-out-n18trn/ Widely regarded as one of the architects of Afreximbank’s institutional transformation, Elombi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/africa-too-big-to-be-judged-by-non-african-rating-agencies-elombi-afreximbank-president/Mon, 06 Jul 2026 03:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/africa-too-big-to-be-judged-by-non-african-rating-agencies-elombi-afreximbank-president/ He argued that government policies have prioritised capital formation in banks while sectors that generate production, employment and economic growth continue to struggle for long-term funding. According to him, manufac]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/bank-recapitalisation-drained-capital-from-productive-economy-adonri/Mon, 06 Jul 2026 03:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/bank-recapitalisation-drained-capital-from-productive-economy-adonri/ The latest Domestic & Foreign Portfolio Investment Report released by NGX Regulation Limited showed that foreign investors accounted for just 9.45 per cent of total market transactions in May, down from 13.]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ngx-foreign-participation-dips-to-95-lowest-in-2026/Mon, 06 Jul 2026 03:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ngx-foreign-participation-dips-to-95-lowest-in-2026/ The Commission disclosed this in a public notice, stating that the approval]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-clears-7-fintech-firms-to-test-new-digital-finance-products/Mon, 06 Jul 2026 03:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-clears-7-fintech-firms-to-test-new-digital-finance-products/  
By Uche Usim and Merit Ibe
The controversy surrounding the reported N8.8 trillion in off-budget spending is less about allegations of hidden funds and more about the federal government’s obligation to provide Nigerians with complete and accessible information on how public resources are managed.
This was the position of the Alliance for Economic Research and Ethics (AERE) has described the federal government’s reported N8.8 trillio]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/n88trn-off-budget-spending-signals-governance-failure-experts/Mon, 06 Jul 2026 03:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/n88trn-off-budget-spending-signals-governance-failure-experts/ Okpebholo disclosed this while receiving the Managing Director and Chief Executive Officer of First Bank of Nigeria Limited, Olusegun Alebiosu and the Managing Director and Chief Executive Officer of CCETC, Di Xiaohui, alongside their delegations at the Government H]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/edo-secures-10-stake-in-100mw-power-plant/Mon, 06 Jul 2026 03:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/edo-secures-10-stake-in-100mw-power-plant/ The new facilities—two at Asejire and one at Challawa—were inaugurated at a ceremony attended by the Minister of State for Industry, Trade and Investment, Senator John Owan Enoh. The commissioning]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nbc-commissions-3-new-production-lines/Mon, 06 Jul 2026 03:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nbc-commissions-3-new-production-lines/ The Company, before its shareholders and other stakeholders reaffirmed its commitment to sustainable industrialization, while outlining sustainability strategies that align w]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-cement-unveils-sustainability-milestones-targets-20-emissions-cut/Mon, 06 Jul 2026 03:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-cement-unveils-sustainability-milestones-targets-20-emissions-cut/ •Say importers could save N700,000 per vehicle if well implemented 
The federal government’s decision to slash import levies on new and used vehicles has been welcomed by players in the automotive and maritime sectors, but stakeholders have warned that the gains could be eroded by exchange rate volatility, high port charges and persistent inefficiencies in cargo clearance.
The revised levy regime, which took eff]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/import-levy-cut-wont-automatically-lower-vehicle-prices-stakeholders-warn/Mon, 06 Jul 2026 03:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/import-levy-cut-wont-automatically-lower-vehicle-prices-stakeholders-warn/ The Nigeria Customs Service (NCS) has reaffirmed its commitment to strengthening intra-African trade by deepening its partnership with Afreximbank to advance trade facilitation, modernise customs operations, and accelerate the implementation of the African Continental Free Trade Area (AfCFTA).
The commitment was reaffirmed during a working visit by Afreximbank President and Chairman of the Board of Directors, Dr. George Elombi, to the Comptroller-General]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-afreximbank-deepen-afcfta-partnership-push-one-stop-border-posts/Mon, 06 Jul 2026 03:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-afreximbank-deepen-afcfta-partnership-push-one-stop-border-posts/ Nigeria may be heading for another rise in foreign debt, with estimates showing the country could borrow up to $10 billion by the end of the year, mostly through costly commercial loans.
This raises fresh concerns about its ability to repay the debt and keep the economy stable.
A member of the Monetary Policy Committee (MPC), Bandele Amoo, has already warned that the growing preference of banks for government securities is increasingly crow]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-faces-10bn-debt-risk-as-banks-favour-government-lending-over-businesses/Mon, 06 Jul 2026 03:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-faces-10bn-debt-risk-as-banks-favour-government-lending-over-businesses/ Addressing the gathering during the unveiling which held on Thursday July 2, 2026, the Managing Director of Bristow Helicopters, Captain Dapo Oyeleke, said that the acquisition reflects a continued commitment to safety and excellence in complex offshore environments, and co]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/bristow-deploys-africas-first-airbus-h160s-for-offshore-operations/Mon, 06 Jul 2026 03:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/bristow-deploys-africas-first-airbus-h160s-for-offshore-operations/ Executive Secretary and Chief Executive Officer of the Council, Pius Akutah, disclosed this during a media briefing with maritime editors and reporters in Lagos on Saturday, said that the Council’s achievements align with the F]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/shippers-council-saves-shippers-n9060bn-1348m/Mon, 06 Jul 2026 03:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/shippers-council-saves-shippers-n9060bn-1348m/ The two organisations hosted a private reception at Tate Modern on July 1, bringing together prominent figures from business, diplomacy, academia, culture and the arts to commemorate the exhibition’s international impact and lasting legacy.
The exh]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/access-holdings-coronation-celebrate-nigerian-modernism-exhibition-in-london/Mon, 06 Jul 2026 03:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/access-holdings-coronation-celebrate-nigerian-modernism-exhibition-in-london/ This is according to the latest Global Gas Flaring Tracker Report released by the World Bank’s Global Flaring and Methane Reduction Partnership (GFMR) in collaboration with the Payne Institute at the Colorado School of Mines.
The report identified Nigeria alongside Russia, Iran, Iraq, Venezuela, Mexico, Libya, Algeria and the United States as the countries accounting for the ov]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-8-others-account-for-83-of-global-gas-flaring-worth-54bn-world-bank/Mon, 06 Jul 2026 03:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-8-others-account-for-83-of-global-gas-flaring-worth-54bn-world-bank/ Aliyu, disclosed this while delivering the inaugural Samuel Ibiyemi Memorial Lecture in Lagos at the weekend.
He argued that commercially viable mini-grids can significantly reduce the country’s dependence on expensive self-generation.
Speaking on the theme, “From Subsidy to Solvency: Can Mini-Grids De-risk]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/local-businesses-lose-14bn-yearly-to-self-generated-electricity-rea/Mon, 06 Jul 2026 03:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/local-businesses-lose-14bn-yearly-to-self-generated-electricity-rea/ This is even as the organisation accelerates its Beyond XXX agenda focused on deepening impact, advancing operational excellence, and shaping the future of energy across Africa.
Executive Director, Sahara Group, Adedeji Odunsi, said the development in Arahas, a Sahara Group Oilfield Services Company, reinforces the energy and infrastructure conglomerate’s dedication to making a difference i]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/soetan-appointed-arahas-global-md/Mon, 06 Jul 2026 03:19:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/soetan-appointed-arahas-global-md/ The plan is geared towards gradually restoring supply despite ongoing disruptions linked to the recent Middle East conflict.
The decision, announced after an online meeting of the producer alliance, follows similar quota increases approved for June and July. Since April, the seven core OPEC+ members have raised their production targets by almost 800,000 bpd as they unwind]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/opec-raises-august-oil-output-target-by-188000/Mon, 06 Jul 2026 03:16:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/opec-raises-august-oil-output-target-by-188000/  
Nigeria at the just concluded 114 International Labour Conference (ILC) organised by the International Labour Organization (ILO) in Geneva, Switzerland, once again came under the spotlight where concerns over the country’s compliance with core labour conventions took centre stage. Among the issues attracting international attention were alleged violations of workers’ rights, restrictions on freedom of association, refusal to imp]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-must-stop-treating-labour-agreements-with-contempt-psi-vice-president-peters-adeyemi/Mon, 06 Jul 2026 02:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-must-stop-treating-labour-agreements-with-contempt-psi-vice-president-peters-adeyemi/  
The Deepal G318, a premium range-extended electric SUV developed by Deepal, a brand under the Changan Automobile Group, is attracting increasing attention in Nigeria’s growing electric vehicle market.
The all-wheel-drive vehicle is marketed in Nigeria by Mikano International (Motor Division), one of the country’s fastest-growing, reputable automobile assemblers and marketers. To further boost awareness of the Deepal brand, Mikano Motors is using the platform o]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/mikano-motors-deepal-g318-flaunts-off-road-agility-excites-fifa-world-cup-viewers/Mon, 06 Jul 2026 02:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/mikano-motors-deepal-g318-flaunts-off-road-agility-excites-fifa-world-cup-viewers/https://www.newslocker.com/en-ng/news/nigeria-economy-news/kia-pv5-passenger-named-autocars-best-large-car-for-2026/Mon, 06 Jul 2026 02:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/kia-pv5-passenger-named-autocars-best-large-car-for-2026/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stockbrokers-clarify-ftse-russells-concerns-on-nigerias-t1-settlement-cycle/Mon, 06 Jul 2026 02:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stockbrokers-clarify-ftse-russells-concerns-on-nigerias-t1-settlement-cycle/ Honda Automobile Western Africa Limited (HAWA) has announced it is partnering with Nigerian Breweries PLC in this year’s ‘Maltina Teacher of the Year Award’ through the donation of a brand-new Honda HR-V, valued at N41.5 million.
The made-in-Nigeria HR-V SUV, imbued with comprehensive features, will be presented to the teacher who emerges as the overall winner of the competition at a ceremony in October.
 
Mr Remi Adams, Head, ‎L-R: Mr Remi Adams,
Head]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/honda-to-reward-nigerias-best-teacher-with-brand-new-hr-v-suv/Mon, 06 Jul 2026 02:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/honda-to-reward-nigerias-best-teacher-with-brand-new-hr-v-suv/  
TVS Motor Company (TVSM), a part of TVS VENU and a global leader in the two- and three-wheeler segments, has announced a strategic partnership aimed at expanding the distribution of its products and services across Nigeria.
The partnership was formalised at an impressive ceremony held in Ikorodu, Lagos, recently, where Enviable Tricycle Auto Parts Ltd was officially unveiled as an additional distributor.The appointment is expected to significantly expand the scale of TVS]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tvs-expands-footprint-in-nigeria-appoints-enviable-tricycle-as-new-partner/Mon, 06 Jul 2026 02:09:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tvs-expands-footprint-in-nigeria-appoints-enviable-tricycle-as-new-partner/  
By Moses Akaigwe
Nigeria is losing an estimated N5 trillion annually as between 30 million and 40 million metric tonnes of food perish before reaching consumers due to the country’s inefficient logistics system, industry stakeholders have warned.
The alarming revelation was made on Thursday at the 10th Anniversary Lecture of City Business News, held in Lagos under the theme, “Logistics as the Engine Room of Nigeria’s Economy,” where expe]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/stakeholders-seek-sweeping-reforms-as-poor-logistics-costs-nigeria-n5tn-yearly/Mon, 06 Jul 2026 02:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stakeholders-seek-sweeping-reforms-as-poor-logistics-costs-nigeria-n5tn-yearly/ The Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, has been honoured with an award in recognition of his sustained commitment to road safety advocacy, public  enlightenment and relentless efforts to reduce road traffic crashes and promote safer highways across Nigeria despite numerous operational challenges.
The award was presented by the management of City Business News Online during the organisation’s 10th anniversary celebration held in Lago]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/frsc-corps-marshal-receives-award-for-advancing-road-safety-in-nigeria/Mon, 06 Jul 2026 01:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/frsc-corps-marshal-receives-award-for-advancing-road-safety-in-nigeria/ Motul, the globally recognised leader in high-performance lubricants, has partnered with Winpart by CFAO, the aftermarket division of CFAO Mobility Nigeria, and Energyswitch, a leading fuel retail network, to enhance the availability of premium automotive lubricants by successfully branding eight Energyswitch fuel stations in Ibadan, Oyo State.
The collaboration marks a significant milestone in enhancing customer access to authentic Motul products while creating a more convenien]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/motul-winpart-by-cfao-energyswitch-partner-to-expand-access-to-premium-lubricants/Mon, 06 Jul 2026 01:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/motul-winpart-by-cfao-energyswitch-partner-to-expand-access-to-premium-lubricants/  
Carloha Nigeria, the authorised distributor of Chery vehicles in Nigeria, today announced the launch of the CarlohaCare 6-6-7 Rescue Initiative, a comprehensive emergency roadside assistance programme designed to provide prompt and professional support to motorists experiencing vehicle breakdowns on highways and major roads across the country, free of charge.The emergency roadside assistance is available nationwide—extended to even non-Chery owners for a limited per]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/carloha-nigeria-launches-carlohacare-6-6-7-rescue-initiative/Mon, 06 Jul 2026 01:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/carloha-nigeria-launches-carlohacare-6-6-7-rescue-initiative/ __________________________________________________________________
The Nigeria Customs Service (NCS) has reaffirmed its commitment to advancing intra-African trade through a deepened partnership with the African Export-Import Bank (Afreximbank), aimed at strengthening trade facilitation, customs cooperation, and the implementation of the African Continental Free Trade Area (AfCFTA).
This was disclosed on Thursday, 3 July 2026, during a w]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-afreximbank-strengthen-trade-partnership-target-one-stop-border-posts/Sun, 05 Jul 2026 16:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-afreximbank-strengthen-trade-partnership-target-one-stop-border-posts/ The agreement, signed at the Jigawa Investment Summit (J-Invest 2026), will support a multi-state public-private partnersh]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/rea-jigawa-ncx-seal-deal-to-power-7-agro-industrial-hubs-with-7mw-of-electricity/Sun, 05 Jul 2026 03:15:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rea-jigawa-ncx-seal-deal-to-power-7-agro-industrial-hubs-with-7mw-of-electricity/ The governor disclosed this on Saturday at the 2026 International Day of Cooperatives celebration held at the LASCOFED Multipurpose Hall, Ogba, Ikeja, where he reaffirmed his administration’s]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/n10bn-cooperative-fund-has-enhanced-msme-growth-in-lagos-sanwo-olu/Sat, 04 Jul 2026 19:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/n10bn-cooperative-fund-has-enhanced-msme-growth-in-lagos-sanwo-olu/ The Bank of Industry (BOI) has unveiled its first Annual Development Impact Report, disclosing that it disbursed N644.9 billion to businesses in 2025 and supported an estimated 1.68 million jobs across Nigeria.
The report, launched in Abuja recently, marks a shift in the bank’s approach from measuring success solely by the volume of loans disbursed to assessing the socio-economic impact of its interventions.
Speaking at the unveiling, the Managin]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/boi-disburses-n6449bn-supports-168m-jobs-unveils-maiden-impact-report/Sat, 04 Jul 2026 16:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/boi-disburses-n6449bn-supports-168m-jobs-unveils-maiden-impact-report/ From Adanna Nnamani, Abuja
The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Olusegun Omosehin, has charged the Nigerian Insurers Association (NIA) to expand insurance penetration by reaching more than 100 million Nigerians who have never owned an insurance policy.
Omosehin gave the charge on Friday during the investiture ceremony of Mrs. Ebelechukwu Nwachukwu as the 2]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/naicom-tasks-nia-to-expand-insurance-access-to-100m-nigerians/Sat, 04 Jul 2026 14:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/naicom-tasks-nia-to-expand-insurance-access-to-100m-nigerians/ The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has warned that recurring xenophobic attacks and anti-immigration protests in South Africa pose a serious threat to the success of the African Continental Free Trade Area (AfCFTA), calling on African leaders to take a united stand against the menace.
In a statement issued by the National President of APFFLON, Otunba Frank Ogunojemite, commended the Federal Government for its swift evacuat]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/xenophobic-attacks-threat-to-afcfta-investors-confidence-apfflon/Sat, 04 Jul 2026 12:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/xenophobic-attacks-threat-to-afcfta-investors-confidence-apfflon/ The blaze, which erupted in the early hours of the day, prompted a swift response from emergency teams of the Nigerian Ports Authority (NPA), the Nigerian Maritime Administration and Safety Agency (NIMASA), and the Lagos State Fire and Rescue Service, preventing the fire from spreading to adjoining tank farms and]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/npa-nimasa-battle-tank-farm-fire-at-bono-terminal-apapa/Sat, 04 Jul 2026 05:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/npa-nimasa-battle-tank-farm-fire-at-bono-terminal-apapa/ The Lagos Chamber of Commerce and Industry (LCCI) has said sustained investment in people is essential for lasting economic growth.
It reaffirmed its commitment to entrepreneurship, innovation and the development of future business leaders.
Director-General of the chamber, Dr Chinyere Almona, stated this at the 2026 LCCI Entrepreneurship Mentoring Business Clinic, Exhibition and Providus Bank Day.
Speaking on the theme, ‘Building to Last: Scaling Resilient Businesses in a VUCA]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/lcci-advocates-investment-in-entrepreneurs-for-economic-growth/Sat, 04 Jul 2026 05:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/lcci-advocates-investment-in-entrepreneurs-for-economic-growth/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-challenge-is-low-revenue-not-high-debt-world-bank/Fri, 03 Jul 2026 22:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-challenge-is-low-revenue-not-high-debt-world-bank/ She stated this yesterday at the ongoing two-day Fashion, Leather and Creative Enterprise Spotlight exhibition in Lagos.
The event, held at the Olufemi Tinubu Industrial Leader Hub in Oshodi, is a partnership programme between the UNDP and the Lagos State Government]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-can-produce-200-million-pairs-of-shoes-yearly-un-resident-representative/Fri, 03 Jul 2026 20:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-can-produce-200-million-pairs-of-shoes-yearly-un-resident-representative/https://www.newslocker.com/en-ng/news/nigeria-economy-news/innovations-enactus-nse-ncdmb-others-partner/Fri, 03 Jul 2026 08:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/innovations-enactus-nse-ncdmb-others-partner/https://www.newslocker.com/en-ng/news/nigeria-economy-news/evs-afreximbank-wants-nigeria-other-african-countries-to-stop-exporting-lithium/Fri, 03 Jul 2026 08:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/evs-afreximbank-wants-nigeria-other-african-countries-to-stop-exporting-lithium/https://www.newslocker.com/en-ng/news/nigeria-economy-news/1trn-economy-fg-targets-stronger-development-finance-private-capital/Fri, 03 Jul 2026 07:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/1trn-economy-fg-targets-stronger-development-finance-private-capital/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-increases-domestic-borrowing-by-241/Fri, 03 Jul 2026 07:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-increases-domestic-borrowing-by-241/ In a statement on Thursday, the UN agency said the latest Cadre Harmonisé food security analysis showed that the number of people experiencing crisis, emergency or catastrophic levels of hunger had increased]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/un-conflict-aid-cuts-push-northern-nigeria-into-worst-hunger-crisis-in-10yrs/Fri, 03 Jul 2026 06:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/un-conflict-aid-cuts-push-northern-nigeria-into-worst-hunger-crisis-in-10yrs/ The Chargé d’Affaires of the U.S. Mission in Nigeria, Keith Heffern, disclosed this on Wednesday at the Freedom 250 celebration marking the 250th Independence Day of the United States, held at the U.S. Consul General’s Resid]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/us-nigeria-trade-hits-15bn-as-america-pledges-deeper-economic-security-partnership/Fri, 03 Jul 2026 06:19:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/us-nigeria-trade-hits-15bn-as-america-pledges-deeper-economic-security-partnership/ The seepage has left residents in urgent need of potable water and other essential services. Leading a high-powered delegation to the affected community on Wednesday, the Minister of State for Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, assured residents that the]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-rolls-out-emergency-response-to-contain-groundwater-contamination-in-bille/Fri, 03 Jul 2026 06:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-rolls-out-emergency-response-to-contain-groundwater-contamination-in-bille/ Toluwalope, who was represented by the Executive Director and Group Head, Public Sector Division, Mr. Abubakar Achimugu, disclosed]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-records-100m-nin-60m-bvn-enrolments/Fri, 03 Jul 2026 06:16:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-records-100m-nin-60m-bvn-enrolments/ Ekpo, in a statement issued on Thursday by his spokesman, Louis Ibah, said the unanimous decision of the IEA]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ekpo-elated-as-nigeria-joins-international-energy-agency/Fri, 03 Jul 2026 06:15:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ekpo-elated-as-nigeria-joins-international-energy-agency/ Signal Alliance Technology Holding (SATH) has marked its 30th anniversary with the unveiling of new identities for two of its subsidiaries.
This signals a fresh phase of growth as it seeks to deepen its impact on Africa’s digital transformation.
At a recent press conference in Lagos themed “Built for This. Ready for What’s Next,” the technology group announced that CloudSA has been rebranded as SATH Cloud, while Signal Alliance Consulting will now operate as]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sath-unveils-new-identity-for-subsidiaries-at-30-deepens-digitisation/Fri, 03 Jul 2026 06:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sath-unveils-new-identity-for-subsidiaries-at-30-deepens-digitisation/ By Uche UsimNigeria has intensified efforts to position itself as the gateway for Africa’s digital economy, with government officials and African trade leaders calling for faster implementation of the African Continental Free Trade Area (AfCFTA) Digital Trade Protocol to unlock a market of over 1.4 billion people with a combined GDP exceeding $3 trillion.
The call was made at the second edition of the AfCFTA Digital Trade F]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-pushes-digital-trade-agenda-as-afcfta-leaders-eye-3trn-african-market/Fri, 03 Jul 2026 06:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-pushes-digital-trade-agenda-as-afcfta-leaders-eye-3trn-african-market/ At the grand finale held in Lagos on June 30, Modibbo Adama University of Technology (MAUT), Yola, emerged overall winner, receiving N50 million in seed funding for its inn]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/4-varsities-win-n235m-infrastructure-support-at-maiden-nigerian-engineering-olympiad/Fri, 03 Jul 2026 06:10:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/4-varsities-win-n235m-infrastructure-support-at-maiden-nigerian-engineering-olympiad/ The facility is designed to provide credit support for local contractors executing projects for SNEPCo operations and will be available in both Naira and US Dollars.
The participating banks are First Bank, Guaranty Trust Bank, Zenith Bank, Access Bank, United Bank for Africa, Stanbic IBTC]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/shell-9-banks-launch-3bn-contractor-support-fund/Fri, 03 Jul 2026 06:09:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/shell-9-banks-launch-3bn-contractor-support-fund/ The AGM followed a year]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-group-shareholders-approve-n2308bn-dividend/Fri, 03 Jul 2026 06:08:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-group-shareholders-approve-n2308bn-dividend/ talktonelo@yahoo.comThree months after Nigeria’s domestic airlines sought President Bola Tinubu’s intervention over soaring operating costs, the country’s carriers are still waiting for an audience with the President.
This comes as crippling jet fuel prices and multiple taxes continue to threaten the industry’s survival.
The Airline Operators of Nigeria (AON), the umbrella body for domestic carriers, had requested a meeting with Tinubu]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/3-months-on-domestic-airlines-audience-with-tinubu-remains-elusive-survival-battle-deepens/Fri, 03 Jul 2026 05:39:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/3-months-on-domestic-airlines-audience-with-tinubu-remains-elusive-survival-battle-deepens/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nama-owed-n3469bn-domestically-4948m-by-foreign-debtors-unions-lament/Fri, 03 Jul 2026 05:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nama-owed-n3469bn-domestically-4948m-by-foreign-debtors-unions-lament/ Under the partnership, Unity Rewards members who stay at any Boulevard Hotels property will enjoy a 25% discount on room rates, inclusive of breakfast, early check-in from 6:00 a.m., and late check-out until 5:00 p.m., compared to the standard 12:00 p.m. check-out time. Members will also]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/united-nigeria-airlines-boulevard-hotels-offer-loyal-flyers-25-discount-other-perks/Fri, 03 Jul 2026 05:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/united-nigeria-airlines-boulevard-hotels-offer-loyal-flyers-25-discount-other-perks/  
Abuse of drugs and illicit substances along Nigerian Railway Corporation’s corridors and its effect on addicts roaming around the tracks has remained a source of concern to the public.
Looking at railway corridors along Iddo, Oyingbo, Yaba, Oshodi, Agege, Iju and Agbado among others, it is common place to observe males/females (some cuddling their babies) either sitting or standing in clusters at night/day times while smoking and exchanging illicit drugs.
Oftentim]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/safety-end-abuse-of-drugs-along-railway-corridors-workplace-nrc-warns-nigerians/Fri, 03 Jul 2026 05:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/safety-end-abuse-of-drugs-along-railway-corridors-workplace-nrc-warns-nigerians/  
Need to take a critical look at current reliance on roads for evacuation of 90% freight compared to 1% recorded through rail mode formed part of consensus reached at the end of 2006 Annual Global Transport Policy (GTP) Roundtable held recently in Lagos.
Participants at the Global Transport Policy roundtable agreed that near total reliance on road mode has to be tilted through unhindered rail access for long-distance evacuation of freight on narrow and standard gauge cor]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/gtp-roundtable-endorses-ppp-as-model-for-intermodal-transport/Fri, 03 Jul 2026 05:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/gtp-roundtable-endorses-ppp-as-model-for-intermodal-transport/  
Ahead of forthcoming general election, National Coordinator of Transporters for Tinubu/Shettima 2027, Prince Segun Obayendo, has assured stakeholders in the transport logistics chain of the commitment of the present administration to review the state of the sector in Nigeria.
He made this statement recently in Lagos at a meeting with the leadership of the Association of Maritime Truck Owners (AMATO) and Lagos State Truck and Cargo Operators Committee (LASTCOC).
The meet]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/2027-elections-coordinator-moves-to-reform-transport-operations/Fri, 03 Jul 2026 05:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/2027-elections-coordinator-moves-to-reform-transport-operations/ The reduction marks its fourth price cut within a month bringing the cumulative reduction since May 30, 2026, to N200, further reducing the gantry price to N1,075 per litre.
The company stated that it continues to pass lower production costs to consumers despite still processing crude oil purchased at significantly higher internati]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-reduces-petrol-price-to-n1075litre/Fri, 03 Jul 2026 05:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-reduces-petrol-price-to-n1075litre/ APM Terminals Nigeria has said the transition to sustainable transport should begin at Nigerian ports.
Chief Commercial Officer of APM Terminals Nigeria, Westtar Kapito made this remark during a Thematic Session on Sustainable transport at the 10th Nigeria–EU Business Forum which held in Lagos.
The event which brought together, government regulators and agencies, private sector participants and European finance institutions and businesses, was an opportunity for Nigeria to]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/transition-to-sustainable-transport-begins-at-nigerian-ports-apmt/Thu, 02 Jul 2026 21:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/transition-to-sustainable-transport-begins-at-nigerian-ports-apmt/ Determined to bridge Nigeria’s huge insurance gap, the in-coming 53rd President/Chairman of Council of the Chartered Insurance Institute of Nigeria (CIIN), Mr. Akinjide Orimolade has declared that his foremost priority is to bring the country’s estimated 99 per cent uninsured population into the insurance net. 
Orimolade (3rd left) and other members of Investiture C’ttee, during the press brief in Lagos.
Speaking during his Pre- investiture briefing, Orimolad]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/99-uninsured-nigerians-my-priority-ciin-president/Thu, 02 Jul 2026 12:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/99-uninsured-nigerians-my-priority-ciin-president/ Former Minister of Works and Housing, Babatunde Fashola has urged female corporate leaders to make themselves visible, show their worth and make impact in the country from their respective places of work. 
Delivering a keynote speech at the Women Directors’ Biennial Conference of the Chartered Institute of Directors Nigeria (CIoD) in Lagos, Fashola who was a former governor of Lagos State noted that women directors are responsible for engendering a full scale of women ci]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/step-up-stand-out-fashola-others-charge-women-directors/Thu, 02 Jul 2026 12:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/step-up-stand-out-fashola-others-charge-women-directors/ The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has explained why motorists are yet to enjoy immediate reductions in petrol pump prices despite recent declines in global crude oil prices.
Speaking on the issue, PETROAN President Billy Gillis-Harry said filling station owners cannot instantly reduce pump prices because much of the fuel currently being sold was purchased at higher prices.
According to him, marketers must first recover the cost of exis]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-filling-stations-cant-slash-petrol-prices-overnight-petroan/Thu, 02 Jul 2026 08:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-filling-stations-cant-slash-petrol-prices-overnight-petroan/https://www.newslocker.com/en-ng/news/nigeria-economy-news/rev360-crash-lcci-demands-cit-deadline-extension-penalty-waiver/Thu, 02 Jul 2026 07:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rev360-crash-lcci-demands-cit-deadline-extension-penalty-waiver/https://www.newslocker.com/en-ng/news/nigeria-economy-news/power-failure-costs-nigeria-jobs-investments-apfflon/Thu, 02 Jul 2026 07:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/power-failure-costs-nigeria-jobs-investments-apfflon/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fake-nafdac-registration-used-to-smuggle-drugs-into-nigeria-customs/Thu, 02 Jul 2026 07:10:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fake-nafdac-registration-used-to-smuggle-drugs-into-nigeria-customs/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-omitted-n88trn-spending-worth-2-of-gdp-from-recent-budgets-imf/Thu, 02 Jul 2026 07:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-omitted-n88trn-spending-worth-2-of-gdp-from-recent-budgets-imf/ ibe.merit@yahoo.com 
The need for Nigeria to identify and develop sectors where it has a clear comparative advantage if it hopes to compete successfully under the African Continental Free Trade Area (AfCFTA), has continued to take the front burner, as experts have warned that the country risks losing out to better-prepa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/afcfta-nigeria-must-build-competitive-export-sectors-to-unlock-trade-benefits-experts/Thu, 02 Jul 2026 05:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/afcfta-nigeria-must-build-competitive-export-sectors-to-unlock-trade-benefits-experts/ The investment programme will boost private sector development in Nigeria throug]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dbn-secures-n200m-eib-loan-for-smes/Thu, 02 Jul 2026 05:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dbn-secures-n200m-eib-loan-for-smes/https://www.newslocker.com/en-ng/news/nigeria-economy-news/rev360-lcci-seeks-1-month-extension-penalty-waiver/Thu, 02 Jul 2026 04:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rev360-lcci-seeks-1-month-extension-penalty-waiver/ The stakeholders made made the call at the LAPO SME Connect 1.0, organised by LAPO Microfinance Bank in collaboration with the Association of Small Business Owners of Nigeria (ASBON) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to commemorate the 20]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/lapo-mfb-asbon-smedan-advocate-stronger-collaboration-to-boost-msmes/Thu, 02 Jul 2026 04:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/lapo-mfb-asbon-smedan-advocate-stronger-collaboration-to-boost-msmes/ The decision to improve these two core product lines stems from deep marke]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/firm-drives-culinary-innovation-with-new-products/Thu, 02 Jul 2026 04:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firm-drives-culinary-innovation-with-new-products/ This is equivalent of N2.1 trillion at an exchange rate of N1,400/$1.
The approval, announced on Wednesday, came despite public criticism over Nigeria’s rising debt profile and growing dependence on external borrowing.
The financing is part of the]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/world-bank-approves-fresh-125bn-loan-for-nigeria-to-drive-jobs-growth/Thu, 02 Jul 2026 04:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/world-bank-approves-fresh-125bn-loan-for-nigeria-to-drive-jobs-growth/ The Service, while unveiling them before journalists, described the seizures as a major breakthrough in its efforts to protect public health and national security.
At a handover of]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-busts-n5339bn-fake-expired-medicines-at-apapa-port/Thu, 02 Jul 2026 04:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-busts-n5339bn-fake-expired-medicines-at-apapa-port/ The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the National Pension Commission (PenCom) have recovered more than N3 billion in unremitted pension contributions from defaulting employers.
This marks a major breakthrough in the enforcement of Nigeria’s pension laws.
PenCom disclosed this in a statement yesterday, noting that the recovery was made through a joint enforcement initiative with the ICPC aimed at tackli]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/icpc-pencom-tighten-noose-on-pension-defaulters-recover-n3bn/Thu, 02 Jul 2026 04:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/icpc-pencom-tighten-noose-on-pension-defaulters-recover-n3bn/ The company’s latest Monthly Report for May showed that revenue declined to N4.335 trillion in May from N4.971 trillion recorded in April.  Profit after tax(PAT) also slipped to N462 billion, compared to N481 billion in the preceding month.Althoug]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nnpc-may-revenue-drops-13-to-n434trn/Thu, 02 Jul 2026 04:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nnpc-may-revenue-drops-13-to-n434trn/ Partner and Head of Audit, KPMG West Africa, Dr. Goodluck Obi made this clarification at the 2026 Audit Committee Conference in Lagos on Wednesday while delivering a presentation on audit fa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/experts-auditors-not-responsible-for-detecting-fraud/Thu, 02 Jul 2026 04:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/experts-auditors-not-responsible-for-detecting-fraud/  
The International Monetary Fund (IMF) has raised concerns that Nigeria’s public finance wing may be underreporting government spending equivalent to about two per cent of the country’s Gross Domestic Product (GDP).
The fund, while calling for better fiscal transparency, warned that the gap distorts the country’s true fiscal position and complicates economic policymaking.
Speaking at a meeting with business executives in Lagos yest]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-nigerias-unreported-off-budget-spending-worth-2-of-gdp/Thu, 02 Jul 2026 04:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-nigerias-unreported-off-budget-spending-worth-2-of-gdp/ The move according to the apex bank is aimed at boosting market confidence and reducing uncertainty in the financial system.
In a circular addressed to all banks and other financial institutions on Wednesday, the apex bank said the]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-limits-contract-suspension-for-banks-under-supervision-to-2-days/Thu, 02 Jul 2026 04:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-limits-contract-suspension-for-banks-under-supervision-to-2-days/ The milestone will take centre stage at the Nigerian Content Seminar, which opens the 25th edition of NOG Energy Week 2026 in Abuja on Monday, July]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerian-content-hits-61-as-nog-energy-week-focuses-on-growth/Thu, 02 Jul 2026 04:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerian-content-hits-61-as-nog-energy-week-focuses-on-growth/ A statement by the Head of Communication and Strategy at the Bureau of Public Service Reforms (BPSR),Mr. Aliyu Umar Aliyu, disclosed that the launch is scheduled for July 11, 2026.
He added that the initiative is aimed at tackling the age-old issues of institutional corruption, missing files, and fr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-to-launch-platforms-to-enhance-transparency-track-performance-of-mdas/Thu, 02 Jul 2026 04:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-to-launch-platforms-to-enhance-transparency-track-performance-of-mdas/ Chairman of RMAFC, Mr. Mohammed Shehu, gave the assurance while receiving a delegation from the Council of Retired Permanent Secretaries who visited at the commission in Abuja.
Welcoming the delegation, the Chairman described the body of retired permanent secretaries as one of]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/rmafc-concludes-review-of-remuneration-for-political-public-office-holders/Thu, 02 Jul 2026 04:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rmafc-concludes-review-of-remuneration-for-political-public-office-holders/ To achieve this, it announced five major initiatives spanning artificial intelligence (AI), digital infrastructure, startup development, connectivity and skills development.
The announcements were made at the inaugural Google Cloud Summit Africa held at the Sandton Convention Centre in Johannesburg, South Africa, where over 3,000 business leaders, developers, public sector officials]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/google-expands-ai-cloud-infrastructure-investments-across-africa/Thu, 02 Jul 2026 04:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/google-expands-ai-cloud-infrastructure-investments-across-africa/ The National Association of Nigerian Traders (NANTS) has appealed to the Federal Government to extend its Compressed Natural Gas (CNG) transport initiative to traders in FCT and beyond, arguing that the measure would ease rising transportation costs and help stabilise the prices of goods across the country.
The association also called for improved security around markets nationwide, provision of basic amenities in markets, and stronger collaboration with the Federal Capital]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/traders-seek-cng-buses-to-cut-transport-cost/Thu, 02 Jul 2026 04:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/traders-seek-cng-buses-to-cut-transport-cost/ Launched in 2019, Hackaholics is Wema Bank’s youth and tech-focused initiative designed to serve as a platform for young Africans with creative, game changing, tech-driven ideas and products, to bring their ideas to life. Since its launch, Hackaholics has discovered thousands of groundbreaking sol]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/wema-bank-announces-7th-edition-of-hackaholics/Thu, 02 Jul 2026 04:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/wema-bank-announces-7th-edition-of-hackaholics/ Afreximbank President and Chief Executive Officer, Dr. George Elombi, has defended the bank’s growing focus on financing African private businesses, saying the strategy is accelerating industrialisation despite what he described as unfair assessments by international credit rating agencies. He said the lender has supported major projects across the continent, including a $2.5 billion facility for the Dangote Refinery, while ensuring that about 85 per cent of its loan]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/afreximbank-president-defends-private-sector-lending-seeks-fairer-ratings-for-africa/Thu, 02 Jul 2026 04:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/afreximbank-president-defends-private-sector-lending-seeks-fairer-ratings-for-africa/ The naira closed June 2026 slightly weaker in the official foreign exchange market despite a surge in trading activity that underscored improving liquidity and growing resilience in Nigeria’s currency market.
Data from the Central Bank of Nigeria (CBN) showed the local currency closed the month at N1,381/$1, compared with N1,366/$1 at the beginning of June, representing a depreciation of N15, or about 1.1 per cent.
Although the currency weakened margi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/naira-slips-11-despite-higher-fx-turnover/Thu, 02 Jul 2026 04:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/naira-slips-11-despite-higher-fx-turnover/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-rolls-out-1m-cocoa-seedlings-to-farmers-to-boost-yields/Thu, 02 Jul 2026 04:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-rolls-out-1m-cocoa-seedlings-to-farmers-to-boost-yields/ From Adanna Nnamani, Abuja
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks with effect from July 1, 2026, over their failure to meet regulatory requirements for continued operation.
The apex bank announced the decision in a statement issued on Wednesday by its Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali.
According to the CBN, the revocation was approved by its Governor, Mr. Olaye]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-revokes-licences-of-46-microfinance-banks/Thu, 02 Jul 2026 04:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-revokes-licences-of-46-microfinance-banks/ The company’s latest monthly report for May showed that revenue declined to ₦4.335 trillion in May from ₦4.971 trillion recorded in April.
Profit after tax (PAT) also slipped to ₦462 billion, compared to ₦481 billion in the preceding month.
Altho]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nnpcl-may-revenue-drops-13-to-434trn/Wed, 01 Jul 2026 19:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nnpcl-may-revenue-drops-13-to-434trn/https://www.newslocker.com/en-ng/news/nigeria-economy-news/npa-backs-abuja-mou-on-regional-maritime-cooperation/Wed, 01 Jul 2026 08:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/npa-backs-abuja-mou-on-regional-maritime-cooperation/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-investors-lose-n133trn-in-june-amid-profit-taking/Wed, 01 Jul 2026 07:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-investors-lose-n133trn-in-june-amid-profit-taking/ The development underscores the refinery’s growing reliance on foreign feedstock as persistent domestic supply shortages continue to undermine crude deliveries from Nigeria.
The UAE crude imports come barely days after Daily Sun exclusively reported that the 700,000-barrel-per-day refinery was]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinerys-uae-crude-imports-expose-nigerias-supply-crisis/Wed, 01 Jul 2026 05:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinerys-uae-crude-imports-expose-nigerias-supply-crisis/ The move is a fresh push to restore seamless cargo evacuation and sustain recent gains in port efficiency.
The intervention follows a stakeholders’ meeting convened by the Managing Director of the NPA, Mr. Abubakar Dantsoho, where security agencies, freight forwarders, truck operators and representatives of the Lagos State Government ag]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/npa-intensifies-fight-against-port-gridlock-with-coordinated-task-force/Wed, 01 Jul 2026 05:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/npa-intensifies-fight-against-port-gridlock-with-coordinated-task-force/ European development finance institutions have reaffirmed their confidence in Nigeria’s ongoing economic reforms, announcing expanded investments exceeding €500 million across critical sectors, with additional financing expected in the coming months.
The commitment was made during the 10th Nigeria-European Union (EU) Business Forum in Lagos, where development financiers said Nigeria’s reform agenda has strengthened investor confidence and positioned the cou]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/europe-commits-over-n500m-to-nigeria-pledges-more-investments/Wed, 01 Jul 2026 04:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/europe-commits-over-n500m-to-nigeria-pledges-more-investments/ The Nigeria Employers’ Consultative Association (NECA), has launched an Environmental, Social and Governance (ESG) Implementation Guide for Micro, Small and Medium Enterprises (MSMEs), aimed at improving access to finance, strengthening competitiveness and positioning Nigerian businesses for greater participation in global markets.
The guide, unveiled during the 2026 Nigeria Employers’ Summit in Abuja on Tuesday, is the first ESG implementation guide specif]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/neca-launches-esg-guide-to-boost-msmes-access-to-finance-global-markets/Wed, 01 Jul 2026 04:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/neca-launches-esg-guide-to-boost-msmes-access-to-finance-global-markets/ The initiative represents a total annual investment]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/rite-foods-jamb-honour-undergraduates-with-n35m/Wed, 01 Jul 2026 04:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rite-foods-jamb-honour-undergraduates-with-n35m/https://www.newslocker.com/en-ng/news/nigeria-economy-news/rccg-region-59-to-host-empowerment-seminar/Wed, 01 Jul 2026 04:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rccg-region-59-to-host-empowerment-seminar/ Nigeria’s hopes of attracting fresh foreign investment into its stock market have suffered a setback after global index provider FTSE Russell delayed a final decision on returning the country to its Frontier Market index.
The move has created fresh uncertainty over the expected inflow of billions of naira from foreign portfolio investors, even as market experts say the review is not a rejection of Nigeria’s progress.
FTSE Russell said it needs more time to examin]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-bid-to-rejoin-global-stock-market-index-faces-fresh-delay/Wed, 01 Jul 2026 04:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-bid-to-rejoin-global-stock-market-index-faces-fresh-delay/ Speaking recently at the headquarters of the Authority in Abuja where he was honoured with the 2026/2027 African Brands Personality Award in recognition of his contributions to cons]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncaa-resolved-65-of-passenger-complaints-in-2025-achimugu/Wed, 01 Jul 2026 04:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncaa-resolved-65-of-passenger-complaints-in-2025-achimugu/ The Central Bank of Nigeria (CBN) has once again expressed optimism that inflation will return to a downward path in the near to medium term, as ongoing reforms, tighter monetary policy measures, exchange rate stability and improved macroeconomic conditions continue to support the economy.
This was disclosed in its Frequently Asked Questions (FAQs) on the Monetary Policy Committee (MPC) meeting held on May 19–20, 2026, where the committee retained all major policy para]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-projects-further-inflation-decline-as-reforms-deepen/Wed, 01 Jul 2026 04:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-projects-further-inflation-decline-as-reforms-deepen/ The delivery, announced by Brazilian aircraft manufacturer Embraer on Tuesday, further consolidates the long-standing partnership between the two companies. Air Peace already operates the larger Embraer E195-E2 and the ERJ145 regional je]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/air-peace-takes-delivery-of-first-embraer-e175/Wed, 01 Jul 2026 04:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/air-peace-takes-delivery-of-first-embraer-e175/ Concerns are mounting over the recycling of inactive mobile phone numbers in Nigeria following reports of subscribers receiving sensitive information belonging to previous owners of reassigned lines.
The issue recently gained attention after a subscriber shared his experience of purchasing a SIM card only to begin receiving banking transaction alerts intended for another individual. The development has reignited debate about the privacy, security and]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/exposing-security-risks-of-recycled-phone-numbers-in-nigeria/Wed, 01 Jul 2026 04:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/exposing-security-risks-of-recycled-phone-numbers-in-nigeria/ The company said the platform is designed to improve access to learning resources for university, polytechnic and college students by enabling them to receive course-specific acade]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/firm-deploys-ai-whatsapp-to-boost-learning-in-varsities/Wed, 01 Jul 2026 04:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firm-deploys-ai-whatsapp-to-boost-learning-in-varsities/ The company said the investment would be deployed towards regulatory licensing, product development, compliance and expansion into additional African markets.
Founded by former Konga Group Co-Chief Executive Office]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/stabyl-raises-27m-to-build-africas-fx-payment-network/Wed, 01 Jul 2026 04:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stabyl-raises-27m-to-build-africas-fx-payment-network/ Ogundare said the global conversation around AI is often driven by assumptions of stable infrastructure, easy access to capital and abundant technical talent, factors that differ significantly from the conditions under which many Nigerian SMEs operate.
In an ar]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-nigerian-smes-need-different-ai-strategy-ogundare/Wed, 01 Jul 2026 04:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-nigerian-smes-need-different-ai-strategy-ogundare/ By Steve Agbota                                   styvenchy@yahoo.com 
The federal government’s sustained efforts to improve cargo evacuation, restore sanity on the Apapa and Tin Can port corridors and enhance the ease of doing business are once again facing a major test as truckers, importers and freight forwarders have raised fr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/inside-corruption-extortion-choking-nigerias-ports/Wed, 01 Jul 2026 04:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/inside-corruption-extortion-choking-nigerias-ports/  
By Adanna Nnamani and  Henry Uche mercy4henryuc@gmail.com  
Alarm bells are tolling over Nigeria’s retirement system as millions of citizens approach old age without pension or insurance cover like annuity plans, life insurance, health coverage or structured long-term savings.Economic and social security experts warn that the widening protection gap is pushing many into a future marked by poverty, ins]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/retirement-time-bomb/Wed, 01 Jul 2026 03:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/retirement-time-bomb/ The figures were disclosed by the Chairman of the Nigerian Insurers Association (NIA), Mr. Kunle Ahmed, during the Association’s 55th Annual Gener]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-insurance-premium-hits-n23trn-assets-rise-to-n48trn/Wed, 01 Jul 2026 03:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-insurance-premium-hits-n23trn-assets-rise-to-n48trn/ Nwachukwu, who is also the Managing Director of Rex Insurance Limited, held a series of pre-investiture meetings with the Chartered Insurance Institute of Nigeria (CIIN), the Nigerian Council of Registered Insurance Brok]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nwachukwu-sets-agenda-for-insurance-sector-reset/Wed, 01 Jul 2026 03:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nwachukwu-sets-agenda-for-insurance-sector-reset/ The commitment was made during the 10th Nigeria-European Union (EU) Business Forum in Lagos, where development financiers said Nigeria’s reform agenda has strengthened investor confidence and positioned the country for increased lon]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/european-development-financiers-commit-over-500m-to-nigeria-signal-more-investments/Tue, 30 Jun 2026 20:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/european-development-financiers-commit-over-500m-to-nigeria-signal-more-investments/ The delivery, announced by Brazilian aircraft manufacturer Embraer on Tuesday, further consolidates the long-standing partnership between the two companies. Air Peace already operates the larger]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/air-peace-takes-delivery-of-first-brand-new-embraer-e175-deepens-fleet-modernisation-drive/Tue, 30 Jun 2026 18:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/air-peace-takes-delivery-of-first-brand-new-embraer-e175-deepens-fleet-modernisation-drive/ Speaking recently at the headquarters of the authority in Abuja where he was honoured with the 2026/2027 African Brands Personality Award in recognition of his contributions to con]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/passenger-complaint-resolution-rate-hit-65-in-2025-achimugu-ncaa-director-reveals/Tue, 30 Jun 2026 17:11:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/passenger-complaint-resolution-rate-hit-65-in-2025-achimugu-ncaa-director-reveals/https://www.newslocker.com/en-ng/news/nigeria-economy-news/violence-against-women-declines-from-9-to-5-in-six-years-un-women/Tue, 30 Jun 2026 09:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/violence-against-women-declines-from-9-to-5-in-six-years-un-women/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nelfund-set-to-crack-down-on-varsities-unethical-practices/Tue, 30 Jun 2026 09:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nelfund-set-to-crack-down-on-varsities-unethical-practices/https://www.newslocker.com/en-ng/news/nigeria-economy-news/economy-no-govt-can-ignore-employers-shettima/Tue, 30 Jun 2026 08:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/economy-no-govt-can-ignore-employers-shettima/https://www.newslocker.com/en-ng/news/nigeria-economy-news/neimeth-shareholders-okay-fresh-capital-to-drive-expansion/Tue, 30 Jun 2026 08:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/neimeth-shareholders-okay-fresh-capital-to-drive-expansion/https://www.newslocker.com/en-ng/news/nigeria-economy-news/agents-fault-fgs-green-tax-on-imported-vehicles-demand-suspension/Tue, 30 Jun 2026 08:46:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/agents-fault-fgs-green-tax-on-imported-vehicles-demand-suspension/https://www.newslocker.com/en-ng/news/nigeria-economy-news/domestic-air-travel-fare-rises-208-in-may/Tue, 30 Jun 2026 08:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/domestic-air-travel-fare-rises-208-in-may/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cost-of-healthy-diet-rises-3-to-n1589day/Tue, 30 Jun 2026 08:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cost-of-healthy-diet-rises-3-to-n1589day/ The transaction is structured as a Total Return Swap (TRS), allowing Nigeria to use naira-denominated government bonds as collateral to access dollar liquidity without issuing costly Euro]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/rising-reserves-not-enough-to-shield-nigeria-from-uae-loan-risks-report/Tue, 30 Jun 2026 04:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rising-reserves-not-enough-to-shield-nigeria-from-uae-loan-risks-report/ The National Directorate of Employment (NDE) has called on the Delta State Government to strengthen its partnership with the agency to expand job opportunities, support entrepreneurship and facilitate the resettlement of beneficiaries trained under the Federal Government’s Renewed Hope Employment Initiative (RHEI).
Acting Director-General of the NDE, Mr. Edmund Onwuliri, made the appeal during a working visit to Asaba, where he met with state officials and presen]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nde-seeks-delta-partnership-to-expand-job-opportunities/Tue, 30 Jun 2026 04:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nde-seeks-delta-partnership-to-expand-job-opportunities/ The association lamented that the erratic power supply resulting in higher operating costs and increased prices of goods for Nigerian consumers.
The association also challenged the Min]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/epileptic-power-disrupting-cargo-handling-logistics-at-ports-apfflon/Tue, 30 Jun 2026 04:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/epileptic-power-disrupting-cargo-handling-logistics-at-ports-apfflon/ The new features reaffirm OPay’s commitment to putting customers first by providing practical tools that help users protect their funds before fraud, theft, or coercion can occur.
For tens of millions of Nigerians, digital payments have become an essential part]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/opay-strengthens-security-with-emergency-lock-safety-pin/Tue, 30 Jun 2026 04:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/opay-strengthens-security-with-emergency-lock-safety-pin/ ​In an official statement made available to newsmen, the management clarified that Vitel Wireless is not selling shares or running any investment schemes. They warned that the operators of “Vitel Shares Services” are using unauthorised websites, mobile applications, social media promot]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/vitel-wireless-warns-public-of-investment-fraud/Tue, 30 Jun 2026 04:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/vitel-wireless-warns-public-of-investment-fraud/ The Nigeria Deposit Insurance Corporation (NDIC) said it has remitted more than N505.53 billion into the Federal Government’s Consolidated Revenue Fund (CRF) since 2023.
Managing Director/Chief Executive Officer of the NDIC, Mr. Thompson Sunday, disclosed this on Monday during the Second Quarter 2026 Citizens and Stakeholders’ Engagement Session on the Implementation of Presidential Priorities and Ministerial Deliverables organised by the Federal Ministry o]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ndic-remits-n505bn-to-fg-in-3yrs/Tue, 30 Jun 2026 04:10:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ndic-remits-n505bn-to-fg-in-3yrs/ Speaking at the sensitization program in Apapa,the Comptroller-General of Cust]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-to-commence-green-tax-surcharge-july-1/Tue, 30 Jun 2026 04:09:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-to-commence-green-tax-surcharge-july-1/ The figures were contained in the Q4, 2025 Nigeria’s Electricity Report released today by NBS.The document, also stated that on a year-on-year basis, revenue collection by the DisCos increased by 23.75 per cent, fr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/discos-revenue-collection-hit-n63093bn-in-q4-2025-nbs/Tue, 30 Jun 2026 04:08:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/discos-revenue-collection-hit-n63093bn-in-q4-2025-nbs/ Against this background, Minister of Budget and Economic Planning, Senator Abubakar Bagudu, took part in a high-level international dialogue in China, at the weekend, to discuss practical pathways for hydrogen deployment, cross-regional co-operation, and ecosystem development.Furthermore, the]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-plans-hydrogen-fuel-to-power-industries/Tue, 30 Jun 2026 04:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-plans-hydrogen-fuel-to-power-industries/ But with the Central Bank of Nigeria (CBN)’s recent wave of sanctions, there appears a more decisive era, one where penalties are no longer just corrective measures but instruments capable of reshaping the behaviour, structure, and credibility of the banking and financial ecosystem.
This is coming after the apex bank recently directed banks]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/what-cbns-regulatory-reset-means-for-banks/Tue, 30 Jun 2026 04:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/what-cbns-regulatory-reset-means-for-banks/ According to the May 2026 edition of the FMDQ Group newsletter, FX trading, comprising Spot FX and FX derivatives, contributed the largest share of the tot]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fmdq-fx-omo-bills-lead-market-activity-turnover-tops-n31762trn-in-5-months/Tue, 30 Jun 2026 04:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fmdq-fx-omo-bills-lead-market-activity-turnover-tops-n31762trn-in-5-months/ The banking system had closed the previous week with a strong liquidity surplus of N4.10 trillion, slightly higher than the N3.98 trillion recorded a week earli]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/money-market-awaits-n500bn-liquidity-boost/Tue, 30 Jun 2026 04:02:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/money-market-awaits-n500bn-liquidity-boost/https://www.newslocker.com/en-ng/news/nigeria-economy-news/to-curb-tax-evasion-informal-businesses-should-be-formalised-ohagwa-citn-president/Tue, 30 Jun 2026 04:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/to-curb-tax-evasion-informal-businesses-should-be-formalised-ohagwa-citn-president/ This was disclosed in a BMI Report, which forecast that the growth will follow an estimated 20 per cent increase in new vehicle sales in 2025, with the full operation of the Dangote Petroleum Refinery, moderating inflation and]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-lower-inflation-to-lift-nigerias-new-vehicle-sales-by-76-in-2026-report/Tue, 30 Jun 2026 03:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-lower-inflation-to-lift-nigerias-new-vehicle-sales-by-76-in-2026-report/ The intervention, unveiled in Calabar, Cross River State, forms part of the Federal Government’s strategy to improve agricultural productivity, lower production costs and strengthen national food sec]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-backs-20160-south-south-farmers-to-boost-food-production/Tue, 30 Jun 2026 03:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-backs-20160-south-south-farmers-to-boost-food-production/ The youth arm of the All Farmers Association of Nigeria (AFAN), South-West chapter, has raised the alarm over the high level of insecurity posing a major threat to farming activities, food production and rural livelihoods across the region.
This was revealed in a recent communiqué issued by the group, which was made available to]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/as-swest-farmers-beg-fg-for-protection-from-terrorists/Tue, 30 Jun 2026 03:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/as-swest-farmers-beg-fg-for-protection-from-terrorists/  
The Bank of Agriculture (BOA) has commenced the nationwide distribution of fertilisers, improved maize seeds and crop protection products to about 500,000 smallholder farmers under the Federal Government’s Renewed Hope Smallholder Support and Value Chain Fund, in a major push to boost food production and strengthen nationa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-boa-launch-nationwide-farm-input-drive/Tue, 30 Jun 2026 03:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-boa-launch-nationwide-farm-input-drive/ The report was presented by the Council for Critical Minerals Development in the Global South during the 5th African Natural Resources and Energy Inves]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/green-gold-alake-receives-landmark-report-on-nigerias-mineral-potential/Mon, 29 Jun 2026 16:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/green-gold-alake-receives-landmark-report-on-nigerias-mineral-potential/ The association lamented that the erratic power supply resulted in higher operating costs and increased prices of goods for Nigerian consumers.
The association also challe]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/power-outages-disrupt-cargo-logistics-at-nigerian-ports-apfflon/Mon, 29 Jun 2026 16:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/power-outages-disrupt-cargo-logistics-at-nigerian-ports-apfflon/ Speaking during a virtual media parley on the apex bank&rsquo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-data-localisation-policy-to-unlock-billions-in-digital-infrastructure-investment-oadc/Mon, 29 Jun 2026 11:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-data-localisation-policy-to-unlock-billions-in-digital-infrastructure-investment-oadc/https://www.newslocker.com/en-ng/news/nigeria-economy-news/afcfta-lifts-nigerias-intra-african-trade-by-21-to-902bn-in-2025/Mon, 29 Jun 2026 08:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/afcfta-lifts-nigerias-intra-african-trade-by-21-to-902bn-in-2025/https://www.newslocker.com/en-ng/news/nigeria-economy-news/smedan-unveils-n500m-zero-interest-fund-for-msmes/Mon, 29 Jun 2026 08:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/smedan-unveils-n500m-zero-interest-fund-for-msmes/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-unveils-2026-push-for-industrial-growth-trade-investment/Mon, 29 Jun 2026 08:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-unveils-2026-push-for-industrial-growth-trade-investment/https://www.newslocker.com/en-ng/news/nigeria-economy-news/export-rerouting-erodes-nigerias-gains-despite-n755trn-trade-surplus-nesg/Mon, 29 Jun 2026 07:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/export-rerouting-erodes-nigerias-gains-despite-n755trn-trade-surplus-nesg/ Civil society groups raise alarm, call for outcome-driven approach to public spending
Issue is not revenue growth but accountability —CPPE’s Muda Yusuf lMal-governance staring us in the face —Global Rights Nigeria
Budgets not tied to credible devt plans —ActionAidBy Emma Ujah, Abuja Bureau Chief
Recent findings from the Revenue Mobilization, Allocation and Fiscal Commi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-others-struggling-to-meet-obligations-despite-rise-in-revenue-to-n1188trn/Mon, 29 Jun 2026 07:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-others-struggling-to-meet-obligations-despite-rise-in-revenue-to-n1188trn/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-sustains-profit-taking-as-investors-lose-n24trn/Mon, 29 Jun 2026 07:15:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-sustains-profit-taking-as-investors-lose-n24trn/https://www.newslocker.com/en-ng/news/nigeria-economy-news/malaysia-seeks-local-partnership-to-fill-nigerias-palm-oil-supply-gap/Mon, 29 Jun 2026 07:10:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/malaysia-seeks-local-partnership-to-fill-nigerias-palm-oil-supply-gap/ The development has continued to worsen the economic hardship facing millions of Nigerians, many of whom had expected cheaper international crude prices to translate]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-prices-defy-crude-oil-slump-deepen-cost-of-living-crisis/Mon, 29 Jun 2026 03:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-prices-defy-crude-oil-slump-deepen-cost-of-living-crisis/ The association said the slow pace of the proposed partnership involving Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Company]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/marketers-to-nnpc-fast-track-chinese-refinery-deal-to-slash-petrol-prices/Mon, 29 Jun 2026 03:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/marketers-to-nnpc-fast-track-chinese-refinery-deal-to-slash-petrol-prices/ Speaking during an engagement with the Nigerian Economic Summit Group (NESG), Adighije explained that NDPHC has integrated Artificial Intelligence and Machine Learning (ML) into the operations of its power plants, enabling]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-ai-is-transforming-power-supply-in-nigeria-ndphc-ceo/Mon, 29 Jun 2026 03:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-ai-is-transforming-power-supply-in-nigeria-ndphc-ceo/ A statement by Ikeja Electric Head of Corporate Communications, Mr.Kingsley Okotie, said the appointment of Onyelucheya follows the transition of Mrs Folake Soetan, who has served as]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ikeja-electric-names-onyelucheya-acting-ceo/Mon, 29 Jun 2026 03:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ikeja-electric-names-onyelucheya-acting-ceo/ The donation, which includes six well-equipped classrooms, a head teacher’s office, and a collection of more than one hundred storybooks, was officially handed over to the Ilado community.
Implemented under Axxela’s Corporate Social Responsibility (CSR) framework, the initiative aims to]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/firm-donates-6-classroom-blocks-to-ogun-community/Mon, 29 Jun 2026 03:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firm-donates-6-classroom-blocks-to-ogun-community/  
The federal government’s domestic borrowing rose sharply by 75.6 per cent over the past year, climbing to N40.38 trillion in May 2026 from N22.99 trillion recorded in the same period last year.
This is according to the latest monetary and credit statistics released by the Central Bank of Nigeria (CBN).
The figures show that the government borrowed an additional N17.39 trillion within one year, which highlighted its growing reliance on the domestic]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fgs-borrowing-from-local-banks-jumps-756-to-n4038trn/Mon, 29 Jun 2026 03:16:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fgs-borrowing-from-local-banks-jumps-756-to-n4038trn/ The National Pension Commission (PenCom) and the National Salaries, Incomes and Wages Commission (NSIWC) have stepped in to resolve the dispute between the management of the Nigerian Airspace Management Agency (NAMA) and its retirees over outstanding pension adjustments spanning multiple review periods, specifically 2007, 2010, 2019, and 2024.
Under the managing director, Farouk Umar, NAMA commissioned an assessment to map out the exact adjustments required for those milestone y]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/pencom-wages-commission-wade-into-namaretirees-pension-dispute/Mon, 29 Jun 2026 03:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/pencom-wages-commission-wade-into-namaretirees-pension-dispute/ By Merit Ibe
The Centre for the Promotion of Private Enterprise (CPPE) has warned that the Senate’s resolution seeking a ban on textile fabric imports could inflict more damage on Nigeria’s economy than the intended benefits of reviving the country’s struggling textile industry.
In a statement issued on Sunday, the Chief Executive Officer of CPPE, Dr. Muda Yusuf, said although efforts to revive local textile manufacturing a]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cppe-senates-textile-import-ban-threatens-jobs-industries/Mon, 29 Jun 2026 03:13:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cppe-senates-textile-import-ban-threatens-jobs-industries/ This comes as transport operators spend N250,000 per trip on illegal payments at multiple checkpoints, while millions of metric tonnes perish before getting to the consumers or the destination for export.
The revelation was made at the weekend in Apapa, Lagos, during the 10th anniversary lecture of City Bus]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-loses-33bn-40m-tonnes-of-food-annually-to-poor-logistics/Mon, 29 Jun 2026 03:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-loses-33bn-40m-tonnes-of-food-annually-to-poor-logistics/ The latest update, published on the Commission’s register of approved digital money lenders, marks a significant milestone in the regulator’s efforts to sanitise Nigeria’s fast-growing digital lending industry and curb w]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fccpc-clears-48-additional-loan-apps-approved-digital-lenders-now-505/Mon, 29 Jun 2026 03:09:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fccpc-clears-48-additional-loan-apps-approved-digital-lenders-now-505/ The announcement underscores AFRAA’s commitment to strengthening the Association’s footprint across the African continent and driving the sustainable development of the continent’s airline industry.
Unit]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/afraa-admits-united-nigeria-airlines-as-full-member/Mon, 29 Jun 2026 03:08:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/afraa-admits-united-nigeria-airlines-as-full-member/ The  Central Bank of Nigeria (CBN)’s latest terror-financing sanctions are set to force banks and bureau de change operators into a costlier era of monitoring, screening and reporting, as regulators deepen scrutiny of the foreign exchange and payments system, Daily Sun learnt at the weekend.
In a circular, the apex bank had ordered lenders and other regulated financial institutions to immediately freeze accounts, assets and transactions linked to six individuals an]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbns-terror-financing-crackdown-raises-compliance-burden-for-banks-bdcs/Mon, 29 Jun 2026 03:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbns-terror-financing-crackdown-raises-compliance-burden-for-banks-bdcs/ This created a larger and better-capitalised lender aimed at supporting Nigeria’s economic growth and expanding access to banking services.
The bank announced on Sunday that it had concluded all regulatory, shareholder and judicial processes required to complete the business combination, paving the way for the unified ins]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/providusunity-bank-begins-operations/Mon, 29 Jun 2026 02:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/providusunity-bank-begins-operations/ According t]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-netherlands-sign-customs-pact-to-boost-trade-strengthen-border-security/Mon, 29 Jun 2026 02:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-netherlands-sign-customs-pact-to-boost-trade-strengthen-border-security/ The bank said the regional tour follows the success of the maiden Lagos edition, which attracted nearly 2,000 physical participants and recorded strong engagement and positive feedback from business owners and entrepreneurs.
According to the lender, the regional expansion is]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/stanbic-ibtc-extends-sme-business-summit-nationwide/Mon, 29 Jun 2026 02:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stanbic-ibtc-extends-sme-business-summit-nationwide/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fccpc-to-marketers-cut-petrol-prices-or-face-sanctions/Sun, 28 Jun 2026 22:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fccpc-to-marketers-cut-petrol-prices-or-face-sanctions/ In a statement signed by its Chairman, Prof. Aniekan Peters, and made available to journalists in Uyo, the association stated that granting tax incentives and free trade zone status to the medical facility would also]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nma-seeks-tax-incentives-for-ibom-medical-city-investors/Sun, 28 Jun 2026 15:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nma-seeks-tax-incentives-for-ibom-medical-city-investors/ The company described the appointment as a strategic move to strengthen its leadership to accelerate growth, innovation, and service excellence across the power sector value chain.
A statement by Ikeja Electric’s Head of Corporate Communications, Mr Kingsley Okotie, said the appointment of Onyelucheya follows the transition of Mrs Folake Soetan, who has served]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ikeja-electric-names-onyelucheya-as-acting-ceo/Sun, 28 Jun 2026 15:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ikeja-electric-names-onyelucheya-as-acting-ceo/  
Chairman of the Nigerian Communications Commission (NCC), Chief Idris Ibikunle Olorunnimbe, has thrown a direct challenge to global device manufacturers, promising them to personally secure presidential waivers for companies that commit to setting up local production plants in Nigeria, a key step towards achieving substantial reduction in the cost of internet and mobile devices.
Speaking at the Digital Africa Summit Roundtable in Shanghai, China, Olorunnimbe emphasise]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-moves-to-crash-mobile-device-costs-through-indigenous-assembly-plants/Sun, 28 Jun 2026 09:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-moves-to-crash-mobile-device-costs-through-indigenous-assembly-plants/  
The Nigeria Sovereign Investment Authority (NSIA) has invited applications for the fourth edition of its NSIA Prize for Innovation (NPI 4.0), offering startups access to a combined grant pool of $275,000 alongside entrepreneurial training, mentorship and opportunities to secure additional investment funding.
The programme, themed “Building for Impact,” is NSIA’s flagship innovation and entrepreneurship initiative designed to identify and suppor]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsia-offers-startups-access-to-275000-in-grants/Sun, 28 Jun 2026 05:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsia-offers-startups-access-to-275000-in-grants/ When discussing economic growth, attention often focuses on multinational corporations, stock markets and government policy.
Yet across much of the world, economic progress is driven by a different force: small and medium-sized enterprises (SMEs).
From Lagos to London, SMEs create jobs, support communities, foster innovation and provide opportunities for millions of people.
Recent data from Nigeria and the U]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-smes-will-shape-the-future-of-economic-growth-in-nigeria-and-beyond/Sat, 27 Jun 2026 22:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-smes-will-shape-the-future-of-economic-growth-in-nigeria-and-beyond/ The call was made at the 10th Nigeria-EU Business Forum in Lagos, where government officials, business leaders, investors, and development partners explored strategies to strengthen trade, investment, and sustainable economic]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-eu-ecowas-woo-investors-with-access-to-14-billion-african-consumers/Sat, 27 Jun 2026 17:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-eu-ecowas-woo-investors-with-access-to-14-billion-african-consumers/  
The Nigeria Sovereign Investment Authority (NSIA) has invited applications for the fourth edition of its NSIA Prize for Innovation (NPI 4.0), offering startups access to a combined grant pool of $275,000 alongside entrepreneurial training, mentorship and opportunities to secure additional investment funding.
 
The programme, themed “Building for Impact,” is NSIA’s flagship innovation and entrepreneurship initiative designed to identify and]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsia-offers-startups-access-to-275000-in-grants-under-npi-40/Sat, 27 Jun 2026 13:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsia-offers-startups-access-to-275000-in-grants-under-npi-40/https://www.newslocker.com/en-ng/news/nigeria-economy-news/bank-deductions-how-hidden-charges-erode-nigerians-trust-in-digital-payments/Sat, 27 Jun 2026 06:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/bank-deductions-how-hidden-charges-erode-nigerians-trust-in-digital-payments/ Chairman of MTN Group, Mcebisi Jonas, has delivered a scathing condemnation of rising xenophobia in South Africa, blaming the country’s immigration crisis on government failure rather than the presence of foreign nationals.
Speaking at the funeral of Zimbabwean-born activist and public servant, Thokozani Damasane, in Johannesburg, the former South African Deputy Minister of Finance said inequality, unemployment, corruption and poor governance, and not immigrants remain]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/mtn-chairman-blames-state-failure-for-rising-xenophobia-in-south-africa/Sat, 27 Jun 2026 04:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/mtn-chairman-blames-state-failure-for-rising-xenophobia-in-south-africa/ Small Business Project Ventures, (SBP) a venture-building and ecosystem infrastructure firm focused on accelerating the growth of Nigeria’s Small and Medium Enterprise (SMEs) has been unveiled.
It is a three-pronged strategy aimed at improving access to funding, regulatory compliance and business development support for entrepreneurs.
Corporate leaders, investors and stakeholders in Nigeria’s SME ecosystem attended the recent launch, which provided a platform for net]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sbp-ventures-launches-smes-growth-access-to-finance-in-nigeria/Sat, 27 Jun 2026 04:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sbp-ventures-launches-smes-growth-access-to-finance-in-nigeria/ The Chartered Institute of Directors Nigeria (CIoD) is intensifying efforts to deepen collaboration with Ministries, Departments and Agencies (MDAs) of government in a strategic move; aimed at promoting good governance, strengthening quality leadership, management and administrative practices to drive sustainable national economic revival. 
The initiative underscores CIoD’s commitment to fostering accountability and institutional excellence across the public sector. Thro]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ciod-courts-mdas-others-for-economic-revival/Fri, 26 Jun 2026 19:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ciod-courts-mdas-others-for-economic-revival/ From Tony John, Port Harcourt
The Nigeria’s gas sector has continued to record significant progress, with year-to-date gas production reaching 7.85 billion standard cubic feet per day (cfpd).
This is even as the Decade of Gas secretariat, in collaboration with the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV), has continued its efforts to strengthen pu]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-gas-production-hits-785bn-cubic-feet-per-day/Fri, 26 Jun 2026 15:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-gas-production-hits-785bn-cubic-feet-per-day/https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstbank-backs-imo-states-okobi-initiative-to-boost-jobs/Fri, 26 Jun 2026 09:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstbank-backs-imo-states-okobi-initiative-to-boost-jobs/ The setback comes on the heels of a Supreme Court judgment that dealt a significant blow to the lenders’ litigation strategy. In its decision in Neconde Energy Ltd. v. FBNQuest Merchant Bank Ltd & Ors., the apex court rejecte]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/18bn-damages-from-nestoil-and-neconde-to-hit-the-banks/Fri, 26 Jun 2026 09:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/18bn-damages-from-nestoil-and-neconde-to-hit-the-banks/https://www.newslocker.com/en-ng/news/nigeria-economy-news/eu-giz-donates-200kw-solar-facility-to-son/Fri, 26 Jun 2026 09:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/eu-giz-donates-200kw-solar-facility-to-son/https://www.newslocker.com/en-ng/news/nigeria-economy-news/port-expansion-ptml-plans-fresh-50m-investment/Fri, 26 Jun 2026 08:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/port-expansion-ptml-plans-fresh-50m-investment/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-eyes-100-eiti-validation-score-in-2026/Fri, 26 Jun 2026 08:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-eyes-100-eiti-validation-score-in-2026/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stronger-ai-governance-needed-to-safeguard-trust-in-banking/Fri, 26 Jun 2026 08:08:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stronger-ai-governance-needed-to-safeguard-trust-in-banking/https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-grants-fresh-licences-to-bgl-firms-clears-return-to-capital-market-operations/Fri, 26 Jun 2026 08:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-grants-fresh-licences-to-bgl-firms-clears-return-to-capital-market-operations/https://www.newslocker.com/en-ng/news/nigeria-economy-news/marketers-retain-high-petrol-prices-as-crude-oil-crashes-to-pre-war-level/Fri, 26 Jun 2026 07:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/marketers-retain-high-petrol-prices-as-crude-oil-crashes-to-pre-war-level/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeriall-witness-monumental-devt-with-correct-tax-system-oyedele/Fri, 26 Jun 2026 07:49:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeriall-witness-monumental-devt-with-correct-tax-system-oyedele/ The scathing development has placed mobile network operators under fresh scrutiny, with consumer advocates, regulators and industry stakeholders calling for greater transparency in data billing and usage measurement.
The renewed attention comes amid persistent claims by subscribe]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/telcos-under-pressure-as-consumer-anger-grows-over-rapid-data-depletion/Fri, 26 Jun 2026 02:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/telcos-under-pressure-as-consumer-anger-grows-over-rapid-data-depletion/ The Nigerian Maritime Administration and Safety Agency (NIMASA) has reiterated its commitment to prioritising the welfare, safety, security and professional development of seafarers in the country.
However, the agency described the seafarers as the backbone of global trade and a critical pillar of Nigeria’s maritime future and economic development.
This is even as the agency trained over 2,459 cadets under the Nigerian Seafarers Development Programme (NSDP), with many still]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsdp-nimasa-raises-seafarers-earnings-by-150-empowers-2459-cadets/Fri, 26 Jun 2026 02:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsdp-nimasa-raises-seafarers-earnings-by-150-empowers-2459-cadets/ Speaking at the tax awareness campaign in Abuja, President of CITN, Innocent Ohagwa, added that essential goods and services such as food, education, healthcare, electricity transmission and non-oil exports have been granted zero-rated value added tax (VAT) treatment, reducing household burdens and supporting econ]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/new-tax-regime-tenants-to-receive-20-relief-on-n500000-annual-rent-citn/Fri, 26 Jun 2026 02:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/new-tax-regime-tenants-to-receive-20-relief-on-n500000-annual-rent-citn/ The company also signed a fresh contract with new entrant into Nigerian market, FlyGabon. This is as the company announced the commencement of solar cells export to the United States of America.
NAHCO in a statement during the week disclosed that BGE (Nigeria) Solar FZE comme]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nahco-extends-contract-with-qatar-airways-saudia-airlines-asky/Fri, 26 Jun 2026 02:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nahco-extends-contract-with-qatar-airways-saudia-airlines-asky/     President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Edu Inyang, in an interview with Daily Sun attributed the drop to sustained engagements among industry stakeholders, regulators and government agencies aimed at improving supply and stabi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cooking-gas-price-falls-from-n2200kg-to-n1500-as-supply-improves/Fri, 26 Jun 2026 02:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cooking-gas-price-falls-from-n2200kg-to-n1500-as-supply-improves/ This latest adjustment reflects the refinery’s ongoing commitment to ensuring price stability, improving affordability, and supporting Nigeria’s energy security objectives.
The price review underscores Dangote Refinery’s responsiveness to prevailing market conditions and its efforts to pass on cost efficiencie]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-slashes-gantry-price-to-n1125-per-litre/Fri, 26 Jun 2026 02:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-slashes-gantry-price-to-n1125-per-litre/ By Chinelo Obogo    
talktonelo@yahoo.com 
In June 2025, the Economic Community of West African States (ECOWAS) took a decision to reduce passenger and aviation security charges by 25 per cent following surging air ticket prices across the region. Earlier on, the African Airlines Association (AFRAA), released the report of a study in 2024 which ranked the continent as the most expensive in the world to fly from, w]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/domestic-airlines-push-for-ecowas-mandated-charge-cuts/Fri, 26 Jun 2026 02:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/domestic-airlines-push-for-ecowas-mandated-charge-cuts/ The airline’s Chief Commercial Officer, Adedayo Olawuyi, made the disclosure when he paid a courtesy visit to the secretariat of the League of Airport and A]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/united-nigeria-airlines-expands-to-monrovia-banjul-dakar-abidjan-conakry/Fri, 26 Jun 2026 02:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/united-nigeria-airlines-expands-to-monrovia-banjul-dakar-abidjan-conakry/ • Orders banks to freeze accounts of customers linked to vice
By Chinwendu Obienyi
The  Central Bank of Nigeria (CBN) has ordered banks and other financial institutions to immediately freeze accounts, assets and transactions linked to six individuals and four Bureau De Change (BDC) operators designated for alleged involvement in terrorism financing.
The directive, contained in a circular dated June 24, 2026, is]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-initiates-crackdown-on-terrorism-suspects/Fri, 26 Jun 2026 02:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-initiates-crackdown-on-terrorism-suspects/ The initiative, conceived by Imo State Governor Hope Uzodimma, is built on the principles of communal ownership and collective responsibility, encouraging groups of individuals to establish and manage registered businesses to]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstbank-backs-imos-kb-initiative-to-boost-entrepreneurship-create-100000-jobs/Fri, 26 Jun 2026 02:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstbank-backs-imos-kb-initiative-to-boost-entrepreneurship-create-100000-jobs/ The bank said the enhanced app transforms routine banking activities into opportunities for customers to unlock rewards while accessing a wider range of financial and lifestyle services from a single platf]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-unveils-reward-based-mobile-app-adds-investment-lifestyle-features/Fri, 26 Jun 2026 02:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-unveils-reward-based-mobile-app-adds-investment-lifestyle-features/ The deal according agency report, is now set to proceed toward creating the enlarged entity, Providus-Unity Bank Limited.
Providus Bank received final court sanction for the merger, which cleared the way for integration work to begin. Earlier court and shareholder approvals had already put the transaction on track, but the Supreme Cou]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/providus-unity-bank-move-into-integration-phase-after-court-approval/Fri, 26 Jun 2026 02:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/providus-unity-bank-move-into-integration-phase-after-court-approval/ Speaking at the closing ceremony of the 5th African Natural Resources and Energy Investment Summit (AFNIS 2026) in Abuja, Alake said the continent possesses the human and natural resources needed to overcome its development constraints and achieve shared prosperity.
He noted]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/alake-afdb-economist-partner-to-drive-africa-first-resource-development/Thu, 25 Jun 2026 21:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/alake-afdb-economist-partner-to-drive-africa-first-resource-development/ _____________________________________________________________
The Economic and Financial Crimes Commission (EFCC) and the Corporate Affairs Commission (CAC) have expressed concern over the growing activities of unregistered Point of Sale (POS) operators, warning that they pose significant risks to businesses, the financial system and national security.
The concern was raised on Thursday in Abuja when the Chairman of the CAC Board, Senator Ibrahi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/only-20-per-cent-of-pos-operators-registered-cac/Thu, 25 Jun 2026 21:10:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/only-20-per-cent-of-pos-operators-registered-cac/ _____________________________________________________________
The Rivers State Government has reaffirmed its commitment to fostering private sector-driven economic growth and harnessing the vast opportunities within the blue economy to drive national development.
The Rivers State Governor, Siminalayi Fubara, made this known during the opening ceremony of the 2026 Annual General Meeting and Conference of the Nigerian Associa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/rivers-fubara-reaffirms-commitment-to-blue-economy-private-sector/Thu, 25 Jun 2026 20:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/rivers-fubara-reaffirms-commitment-to-blue-economy-private-sector/ ‎Speaking during a panel session on day two of the African Air Transport Convention & Expo 2026, titled “Strategic Direction on Aviation Financing and Infrastructure Development,”]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-airports-need-more-passengers-not-just-more-terminals-kuku-faan-md/Thu, 25 Jun 2026 19:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-airports-need-more-passengers-not-just-more-terminals-kuku-faan-md/ The update was shared on Thursday and the latest adjustment reflects the refinery’s ongoing commitment to ensuring price stability, improving affordability, and supporting Nigeria’s energy security objectives.
In a brief statement made available to Daily Sun, the company said the price review “underscores Dang]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/pms-dangote-refinery-further-reduces-gantry-price-to-n1125-per-litre/Thu, 25 Jun 2026 18:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/pms-dangote-refinery-further-reduces-gantry-price-to-n1125-per-litre/ Speaking at the 5th African Natural Resources and Energy Investment Summit (AFNIS 2026) in Abuja, Nigeria’s Minister of Steel Development, Prince Shuaibu Abubakar Audu, said the country was implementing key reforms aimed at repositioning the steel industry as a catalyst for economic growth.
Addressing parti]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-moves-to-revive-steel-industry-attract-fresh-investments/Thu, 25 Jun 2026 12:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-moves-to-revive-steel-industry-attract-fresh-investments/ The Managing Director and Chief Executive Officer of NLNG, Mr Adeleye Falade, stated this when he paid a courtesy visit to the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr Felix Omatsola Ogbe, at the board’s liaison office in Lagos on Wednesday.
This was as the leadership of both the NCDMB and NLNG reaffirmed]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nlng-train-7-hits-90-completion-sets-2027-date/Thu, 25 Jun 2026 11:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nlng-train-7-hits-90-completion-sets-2027-date/ Speaking to the students at the Community Primary School, Opolo, Manager at the Communication and Public Affairs Department, NDIC, Ms Phoebe Ugot explained that the purpose of the lecture was to create awareness about NDIC and to encourage the students on th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ndic-sensitises-bayelsa-students-to-financial-literacy-savings/Thu, 25 Jun 2026 08:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ndic-sensitises-bayelsa-students-to-financial-literacy-savings/ The Manufacturers Association of Nigeria (MAN) has raised concerns over the sharp decline in bank credit to the manufacturing sector, warning that the development could undermine industrial growth, worsen unemployment and jeopardise the implementation of the Nigeria Industrial Policy (NIP) 2025.
In a statement issued yesterday, MAN Director-General, Segun Ajayi-Kadir, noted that the sector suffered a 22.5 per cent contraction in credit, equivalent to about N1.92 trillion, descr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/n192trn-credit-crunch-threatens-nigerias-industrialisation-drive-man/Thu, 25 Jun 2026 07:13:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/n192trn-credit-crunch-threatens-nigerias-industrialisation-drive-man/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cocoa-coffee-farmers-seek-african-bloc-6000-floor-price-to-end-foreign-control/Thu, 25 Jun 2026 07:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cocoa-coffee-farmers-seek-african-bloc-6000-floor-price-to-end-foreign-control/https://www.newslocker.com/en-ng/news/nigeria-economy-news/apmt-apapa-key-driver-of-nigerias-export-trade-kapito/Thu, 25 Jun 2026 07:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/apmt-apapa-key-driver-of-nigerias-export-trade-kapito/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stakeholders-seek-domestic-investment-to-curb-21bn-ceramic-import/Thu, 25 Jun 2026 07:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stakeholders-seek-domestic-investment-to-curb-21bn-ceramic-import/https://www.newslocker.com/en-ng/news/nigeria-economy-news/man-confirms-vanguard-newspaper-data-showing-n19trn-decline-in-credit-to-manufacturers/Thu, 25 Jun 2026 06:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/man-confirms-vanguard-newspaper-data-showing-n19trn-decline-in-credit-to-manufacturers/https://www.newslocker.com/en-ng/news/nigeria-economy-news/70-of-agric-data-in-govt-hands-outdated-survey/Thu, 25 Jun 2026 06:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/70-of-agric-data-in-govt-hands-outdated-survey/https://www.newslocker.com/en-ng/news/nigeria-economy-news/family-businesses-in-africa-sustain-growth-despite-uncertainty-pwc/Thu, 25 Jun 2026 06:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/family-businesses-in-africa-sustain-growth-despite-uncertainty-pwc/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-4-others-launch-new-corridor-authority-for-16bn-abidjan-lagos-highway/Thu, 25 Jun 2026 06:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-4-others-launch-new-corridor-authority-for-16bn-abidjan-lagos-highway/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-gencos-sustain-disagreement-over-electricity-sector-debt/Thu, 25 Jun 2026 06:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-gencos-sustain-disagreement-over-electricity-sector-debt/ Manufacturers in Nigeria have raised concerns over the sharp decline in credit available to the manufacturing sector and delay in implementing the proposed N1 trillion Manufacturing Stabilisation Fund, describing the situation as a major setback for companies struggling with rising production costs,]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/delayed-n1trn-stabilisation-fund-deepens-credit-crisis-for-manufacturers/Thu, 25 Jun 2026 02:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/delayed-n1trn-stabilisation-fund-deepens-credit-crisis-for-manufacturers/ They made the call at the Nigeria Ceramic Investment Summit and Product Exhibition 2026 held in Lagos, where stakeholders agreed that the industry could play a significant role in Nigeria’s ambition to achieve a $1 tr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/investment-in-ceramicsll-drive-industrialisation-1trn-gdp-growth-experts/Thu, 25 Jun 2026 02:02:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/investment-in-ceramicsll-drive-industrialisation-1trn-gdp-growth-experts/ The NBS said the average retail price of household kerosene fell by 0.17 per cent month-on-month to N2,971.94 per litre in May from N2,976.94 in April. However, the product remained significantly more expensive than a year earlier]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nbs-kerosene-price-dips-as-diesel-petrol-costs-rise/Thu, 25 Jun 2026 02:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nbs-kerosene-price-dips-as-diesel-petrol-costs-rise/ For 26 years, MILO has contributed]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/milo-recovers-over-1m-wrappers-through-elevate-recycling-initiative/Thu, 25 Jun 2026 01:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/milo-recovers-over-1m-wrappers-through-elevate-recycling-initiative/  
By Chinwendu Obienyi
Nigeria’s swelling Federation Account Allocation Committee (FAAC) purse of N10.45 trillion in just five months may have offered Abuja and the 36 states a fiscal breather, but economic experts are warning that the relief is fragile and could prove short‑lived.
Between January and May 2026, the Federation Account Allocation Committee (FAAC) disbursed N10.45 trillion, representing a 25.85 per cent increase from N8.30 trillion rec]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/n1045trn-faac-windfall-masks-deeper-fiscal-risks-experts-warn/Thu, 25 Jun 2026 01:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/n1045trn-faac-windfall-masks-deeper-fiscal-risks-experts-warn/ The leadership of the Nigerian Content Development and Monitoring Board (NCDMB) and the NLNG Ltd have reaffirmed recommitment to deepen the existing close collaboration between the agencies, towards enhancing in- country value addition from operations of the gas processing and marketing company, for the benefit of the Nigerian economy.
This renewed commitment was made on Wednesday when the Managing Director and Chief Executive Officer of NLNG, Engr. Adeleye Falade pa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nlng-train-7-hits-90-completion-generates-16000-jobs/Thu, 25 Jun 2026 01:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nlng-train-7-hits-90-completion-generates-16000-jobs/ Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made the proposal on Tuesday while receiving a delegation from Mastercard]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-seeks-africa-wide-payment-card-to-bypass-dollar/Thu, 25 Jun 2026 01:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-seeks-africa-wide-payment-card-to-bypass-dollar/ The beverage company said the anniversary packs, available in Coca-Cola Less Sugar, Coca-Cola Zero Sugar, Fanta and Sprite variants, offer 20 per cent more value than the standard 50cl bottles, giving consumers an additional 10]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/coca-cola-marks-75-years-in-nigeria-with-anniversary-packs-consumer-campaigns/Thu, 25 Jun 2026 01:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/coca-cola-marks-75-years-in-nigeria-with-anniversary-packs-consumer-campaigns/ Speaking at a press briefing in Calabar yesterday, the Customs Area Controller for Cross River/Calabar Free Trade Zone/Akwa Ibom Area Command, Comptroller Giwa Dauda, said the seizures were part of ongoing efforts to safeguard Nigerian manufacturers from smuggling and illegal import]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-seizes-contraband-worth-n2737m-in-cross-river/Thu, 25 Jun 2026 01:16:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-seizes-contraband-worth-n2737m-in-cross-river/ Olubowale, who is also the Ambassador, International Seafarers’ Welfare and Assistance Network (ISWAN), United Kingdom, made this call while commemorating the Day of the Seafarer 2026with the theme: “Carrying World Trade. Carrying the Risks,” u]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/seafarer-development-key-to-nigerias-blue-economy-success-olubowale/Thu, 25 Jun 2026 01:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/seafarer-development-key-to-nigerias-blue-economy-success-olubowale/ Global aviation fuel supply chains are undergoing a major structural shift as airlines, refiners and logistics operators increasingly turn to Africa to reduce dependence on traditional fuel transit routes amid persistent geopolitical and supply chain risks.
The development was a major theme at the recently concluded International Air Transport Association (IATA) Aviation Energy Forum in Paris and the African Airlines Association (AFRAA) Stakeholders Convention in Johannesburg, where]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/meast-war-africa-emerges-strategic-lifeline-for-global-aviation-fuel-supply/Thu, 25 Jun 2026 01:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/meast-war-africa-emerges-strategic-lifeline-for-global-aviation-fuel-supply/ According to a statement from NASENI, the agreement, signed on Wednesday at its headquarters in Abuja, is expected to support the modernization of the Bureau’s operations, particularly the digitization of the assets declaration pro]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/naseni-ccb-sign-mou-to-digitise-assets-declaration-process/Thu, 25 Jun 2026 01:10:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/naseni-ccb-sign-mou-to-digitise-assets-declaration-process/ According to data obtained from its website, the bureau stated that, on state profile analysis, the hi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/kerosene-price-in-may-dips-to-297194-from-297694-in-april-says-nbs/Thu, 25 Jun 2026 00:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/kerosene-price-in-may-dips-to-297194-from-297694-in-april-says-nbs/ ____________________________________________________________________
President Bola Tinubu on Tuesday called on members of the African Minerals Strategy Group (AMSG) to unite and end the exploitation of Africa’s critical minerals by ensuring value addition, local processing and technology transfer across the continent.
President Tinubu, who serves as the group’s Grand Patron, made the call while receiving the AMSG delegation at the State House on Tue]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tinubu-calls-for-end-to-africas-raw-mineral-exports/Wed, 24 Jun 2026 19:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tinubu-calls-for-end-to-africas-raw-mineral-exports/ The approval enables Yellow Card’s Swiss subsidiary to operate as a supervised financial intermediary, providing a regulated platform for banks, institutional investors and corporate clients seeking to move capital into Nigeria and other high-growth economies through stablecoin-powered finan]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/swiss-approval-opens-new-growth-path-for-yellow-card-in-africa/Wed, 24 Jun 2026 19:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/swiss-approval-opens-new-growth-path-for-yellow-card-in-africa/ Certified tax practitioners have been warned that increased monitoring, stricter enforcement and compliance measures are setup, as authorities are now on guard to promote accountability and transparency to clamp down on activities capable of undermining the nation’s tax system. 
Speaking at the official presentation of Practice License to 95 certified tax Practitioners by the Chartered Institute of Taxation IN of Nigeria (CITN), a Senior Partner at Kreston Pedabo, Khilia]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/you-are-being-watched-citn-warns-95-new-tax-practitioners/Wed, 24 Jun 2026 09:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/you-are-being-watched-citn-warns-95-new-tax-practitioners/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fuel-supply-nmdpra-grants-new-import-permits-to-seven-oil-marketers/Wed, 24 Jun 2026 08:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fuel-supply-nmdpra-grants-new-import-permits-to-seven-oil-marketers/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cardoso-launches-cbn-naira-ambassadors-club/Wed, 24 Jun 2026 07:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cardoso-launches-cbn-naira-ambassadors-club/ Calling them “unfounded’ and “misleading”, the company stated that while it does not ordinarily engage with baseless allegations, in the interest of transparency and to set the record straight, the management considers it necessary to address the “deliberate misinformation&r]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-refutes-false-claims-on-pms-export-re-importation/Wed, 24 Jun 2026 07:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-refutes-false-claims-on-pms-export-re-importation/https://www.newslocker.com/en-ng/news/nigeria-economy-news/net-forex-inflow-falls-24-to-692bn/Wed, 24 Jun 2026 07:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/net-forex-inflow-falls-24-to-692bn/  
The increasing frequency of containers falling into Nigeria’s inland waterways during barge operations has emerged as a major safety and economic concern, threatening lives, cargo, and the investments of compliant importers.Despite the strategic importance of inland water transport in easing port congestion and facilitating cargo movement across the country, recurring barge accidents continue to expose glaring safety deficiencies within the sector.
While ba]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-overloaded-barges-weak-safety-oversight-fuel-container-losses-on-inland-waterways/Wed, 24 Jun 2026 03:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-overloaded-barges-weak-safety-oversight-fuel-container-losses-on-inland-waterways/ Nigeria’s broad money supply has risen sharply in May 2026 to N129.21 trillion from N124.99 trillion in April,  According to the latest data from the Central Bank of Nigeria(CBN), the improvemnt in money supply was driven largely by an expansion in both banks’ foreign and domestic asset positions.
  This, it said, underscores persistent liquidity growth in the financial system despite the CBN’s tight monetary stance.
Broad money (M3), which captur]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/banks-foreign-domestic-assets-push-nigerias-money-supply-to-n1292trn/Wed, 24 Jun 2026 02:46:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/banks-foreign-domestic-assets-push-nigerias-money-supply-to-n1292trn/ The Securities and Exchange Commission (SEC) has banned the marketing and promotion of a purported initial public offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE,.
It further warned that no application for such offer has been filed with or approved by the regulator.
In a public notice issued on Tuesday, the Commission said it had become aware of advertisements, flyers, digital banners and targeted electronic mails circulating on social media platforms an]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-bars-dangote-refinery-ipo-adverts/Wed, 24 Jun 2026 02:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-bars-dangote-refinery-ipo-adverts/ To this end, experts have called for the adoption of science and technology to tackle the rising wave  of cybercrime, financial fraud, digital deception, identity theft, transnational organised crime among  others.
Sanwo-Olu, who was represent]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/forensic-gaps-delay-thousands-of-criminal-cases-annually-in-nigeria-sanwo-olu/Wed, 24 Jun 2026 02:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/forensic-gaps-delay-thousands-of-criminal-cases-annually-in-nigeria-sanwo-olu/ The event, held on Tuesday at Presentation Secondary School, Ogbaku, in Mbaitoli Local Government Area of Imo State, was organised ahead of the United Nations International Day Against Drug Abuse and Illicit Traffi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nda-ndlea-take-anti-drug-campaign-to-schools/Wed, 24 Jun 2026 02:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nda-ndlea-take-anti-drug-campaign-to-schools/ The fair, scheduled to hold in September, is expected to bring together businesses, investors, policymakers, development partners and exhibitors from Nigeria and across the world.
Speaking at the official unveiling of the event in Abuja, the Chairman of t]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/abuja-trade-fair-to-host-500-exhibitors-100000-visitors/Wed, 24 Jun 2026 02:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/abuja-trade-fair-to-host-500-exhibitors-100000-visitors/ The Standards Organisation of Nigeria (SON) has commissioned a 200-kilowatt Solar Photovoltaic (PV) power system at its laboratory complex in Lagos.The project is expected to save the agency about N15 million in monthly energy costs.
The initiative which was implemented under the Nigeria Energy Support Programme (NESP III), funded by the European Union and the German Government is aimed at enhancing energy reliability and promoting sustainable operations within the organisation. &nb]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/son-targets-n15m-monthly-savings-with-new-solar-power-tech/Wed, 24 Jun 2026 02:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/son-targets-n15m-monthly-savings-with-new-solar-power-tech/ Latest Money and Credit Statistics released by the Central Bank of Nigeria (CBN) showed that cash outside banks increased from N5.08 trillion in April to N5.19 trillion in May, representing a month-on-month rise of N109.34 billion or 2.15 per cen]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cash-culture-defies-digital-payments-as-nigerians-hold-n519trn-outside-banks/Wed, 24 Jun 2026 02:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cash-culture-defies-digital-payments-as-nigerians-hold-n519trn-outside-banks/ The fintech company announced that the challenge, a key component of the expanded OPay Scholars Programme 2026, is open to teams of five students from tertiary institutions nationwide.
The extension comes as OPay unveiled a strategic partnership with the Federal Government’s 3 Milli]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/opay-broadens-student-innovation-drive-with-3mtt-partnership/Wed, 24 Jun 2026 02:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/opay-broadens-student-innovation-drive-with-3mtt-partnership/ In a statement issued in Lagos, the company disclosed that it has simplified the eligibility requirements for the service, enabling millions of active prepaid subscribers nationwide to access instant airtime and data when needed.Globacom explained that although the service a]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/glo-elevates-customer-experience-with-optimized-borrow-me-credit-service/Wed, 24 Jun 2026 02:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/glo-elevates-customer-experience-with-optimized-borrow-me-credit-service/ Speaking during the virtual forum, the company’s Managing Director, Engr. Dr. Peer Lubasch, and Executive Director, Finance, Mr. Christian Hausemann, presented the firm’s financial performance and strategic outlook to investors and capital market stakeholders.
The construction gi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/julius-berger-posts-n302bn-profit-eyes-expansion/Wed, 24 Jun 2026 02:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/julius-berger-posts-n302bn-profit-eyes-expansion/ The Director-General of the ICRC, Dr Jobson Ewalefo, and the Solicitor-General of the Federation, Mrs Beatrice Jedy-Agba, jointly made the call in Abuja on]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/icrc-justice-ministry-unveil-nigeria-model-ppp-agreement/Tue, 23 Jun 2026 21:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/icrc-justice-ministry-unveil-nigeria-model-ppp-agreement/ The fair, scheduled to hold in September, is expected to bring together businesses, investors, policymakers, development partners and exhibitors from Nigeria and across the world.
Speaking at the official unveiling of the event in Abuja, the Chairman of the 21st AITF Organising Co]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/abuja-trade-fair-to-host-500-exhibitors-100000-visitors-in-2026/Tue, 23 Jun 2026 17:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/abuja-trade-fair-to-host-500-exhibitors-100000-visitors-in-2026/https://www.newslocker.com/en-ng/news/nigeria-economy-news/wema-bank-secures-50m-eib-facility-to-support-smes/Tue, 23 Jun 2026 08:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/wema-bank-secures-50m-eib-facility-to-support-smes/https://www.newslocker.com/en-ng/news/nigeria-economy-news/xpress-payment-eyes-ai-iot-for-next-growth-phase/Tue, 23 Jun 2026 08:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/xpress-payment-eyes-ai-iot-for-next-growth-phase/https://www.newslocker.com/en-ng/news/nigeria-economy-news/niwa-moves-to-clean-up-waterways-boosts-blue-economy-investment/Tue, 23 Jun 2026 08:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/niwa-moves-to-clean-up-waterways-boosts-blue-economy-investment/https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-depot-prices-fall-in-lagos-as-dangote-holds-firm/Tue, 23 Jun 2026 08:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-depot-prices-fall-in-lagos-as-dangote-holds-firm/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fidson-hails-boi-eib-roles-in-expanding-pharmaceutical-manufacturing/Tue, 23 Jun 2026 08:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fidson-hails-boi-eib-roles-in-expanding-pharmaceutical-manufacturing/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-loses-n32trn-annually-to-transport-inefficiencies-expert/Tue, 23 Jun 2026 08:08:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-loses-n32trn-annually-to-transport-inefficiencies-expert/https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-partners-rwanda-to-accelerate-african-market-integration/Tue, 23 Jun 2026 07:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sec-partners-rwanda-to-accelerate-african-market-integration/https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-smuggling-persists-across-nigerias-borders/Tue, 23 Jun 2026 07:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/why-smuggling-persists-across-nigerias-borders/ According to a circular signed by the Director, Payment System Sup]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-advances-digital-economy-agenda-despite-implementation-hurdles/Tue, 23 Jun 2026 04:13:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-advances-digital-economy-agenda-despite-implementation-hurdles/ Nigeria’s banking stocks have emerged as one of the biggest laggards in the 2026 equities rally, underperforming the broader market despite strong earnings growth from the country’s leading lenders.
The NGX Banking Index has gained 35.77 per cent year-to-date, trailing the benchmark NGX All-Share Index (ASI) by about 16 percentage points, as investors shifted attention towards sectors delivering stronger price appreciation.
This underperformance represents a no]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/bank-stocks-underperform-in-ngx-wealth-creation-race/Tue, 23 Jun 2026 04:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/bank-stocks-underperform-in-ngx-wealth-creation-race/ Data obtained from the apex bank’s website revealed that total FX inflows into the market stood at US$689.00 million, representing a 26.04 per cent week-on-week (w/w) decline, underscoring lingering pr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/exporters-drive-43-of-fx-inflows/Tue, 23 Jun 2026 04:11:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/exporters-drive-43-of-fx-inflows/ From Okwe Obi, AbujaRanching is a sensitive topic in Nigeria and that is why the federal government’s latest push to establish estate-based livestock ranches across the country is stirring fresh controversy.
For many stakeholders, the new drive brings back the echoes of the controversial Rural Grazing Area (RUGA) programme, a fiercely rejected initiative many saw as a hooded attempt to snatch ancestral lands from Nigerians and hand them ov]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fgs-ranching-push-reopens-ruga-wounds/Tue, 23 Jun 2026 04:08:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fgs-ranching-push-reopens-ruga-wounds/ The United Nations High Commissioner for Refugees (UNHCR) and Tropical General Investments (TGI) Group have launched a three-year partnership to support over 5,000 farmers and create more than 10,000 jobs in Benue and Cross River states.
Implemented through TGI’s agribusiness arm, WACOT Limited, a food and agro-allied company, th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/un-tgi-group-plan-10000-agro-jobs-for-displaced-nigerians/Tue, 23 Jun 2026 04:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/un-tgi-group-plan-10000-agro-jobs-for-displaced-nigerians/ As a key driver of rural development, dairy production provides essential nourishment while crea]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/outspan-drives-womens-inclusion-in-kano-dairy-value-chain/Tue, 23 Jun 2026 03:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/outspan-drives-womens-inclusion-in-kano-dairy-value-chain/ Ekpo, who spoke yesterday at a stakeholders meeting with stakeholders on the rising prices of LPG, specifically]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cooking-gas-price-hike-minister-fumes-directs-dss-police-to-crack-down-on-saboteurs/Tue, 23 Jun 2026 03:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cooking-gas-price-hike-minister-fumes-directs-dss-police-to-crack-down-on-saboteurs/ The company disclosed the completion of the corporate name change in a regulatory filing with the NGX stating that it has also relocated its]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/deapcap-transitions-to-cmfc-targets-mining-sector-financing/Tue, 23 Jun 2026 03:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/deapcap-transitions-to-cmfc-targets-mining-sector-financing/ The one-year intensive training in Data Analysis and Supply Chain Management is aimed at equipping participants with the expertise needed to thrive in a fast-changing and increasingly competitive global energy industry.
Beyond their core specialisations, the graduates received practical exposure in ke]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nlng-train-7-produces-70-professionals-for-oil-gas-sector/Tue, 23 Jun 2026 03:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nlng-train-7-produces-70-professionals-for-oil-gas-sector/ The stakeholders in Nigeria’s technology ecosystem made the call at the two-day Port Harcourt Tech Expo 202]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nitda-nddc-rirs-call-for-deeper-digital-development-in-nigeria/Tue, 23 Jun 2026 03:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nitda-nddc-rirs-call-for-deeper-digital-development-in-nigeria/ The Fellowship is an extension of Asharami Square, Sahara Group’s flagship thought leadership platform, now in its third edition, focused on sustainability and energy transition.Themed “Energising Africa’s Energy Future: Legacy,]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/sahara-group-stakes-5000-to-promote-energy-journalism-fellowship/Tue, 23 Jun 2026 03:46:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/sahara-group-stakes-5000-to-promote-energy-journalism-fellowship/ The agreement is aimed at strengthening NIMASA’s institutional capacity through targeted technical assistance, professional training and capacity-building programmes for the Agency&rs]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nimasa-ilo-partner-to-enhance-maritime-skills-labour-standards/Tue, 23 Jun 2026 03:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nimasa-ilo-partner-to-enhance-maritime-skills-labour-standards/ The Federal Ministry of Industry, Trade and Investment (FMITI) has outlined an audacious agenda to accelerate industrial growth, expand trade and attract more investments, as Nigeria seeks to deepen economic diversification and strengthen its position in regional and global markets.
Speaking at the ministry’s 2026 Top Management Retreat in Abuja on Monday, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said the focus of government efforts had shifted from]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-eyes-bigger-trade-investment-gains-as-capital-inflows-hit-21bn/Tue, 23 Jun 2026 03:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-eyes-bigger-trade-investment-gains-as-capital-inflows-hit-21bn/ The Managing Director and Chief Executive Officer of the company, Wale Olayisade, disclosed the plans in Lagos during a public lecture organised to commemorate the firm’]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/xpress-payments-leans-on-ai-for-next-growth-phase/Tue, 23 Jun 2026 03:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/xpress-payments-leans-on-ai-for-next-growth-phase/ The initiative, which is being rolled out across retail outlets in Nigeria, is designed to reward loyal customers, attract value-driven shoppers, and strengthen the brand’s position as a household staple in the country’s cooking oil market.
Under the promo, consumers who pu]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/golden-terra-oil-rolls-out-get-gold-promo/Tue, 23 Jun 2026 03:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/golden-terra-oil-rolls-out-get-gold-promo/ Investor appetite for Federal Government of Nigeria (FGN) securities remained relatively strong at the latest bond auction conducted by the Debt Management Office (DMO), despite a further rise in borrowing costs as stop rates moved above the 18 per cent mark.
At the auction, the DMO reopened the January 2035 and April 2037 FGN bonds, offering a combined N1.20 trillion to investors. Total subscriptions reached N1.41 trillion, representing a bid-to-offer ratio of 1.2 times, as]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dmo-investor-demand-drives-fgn-bond-allotment-to-n122trn/Tue, 23 Jun 2026 03:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dmo-investor-demand-drives-fgn-bond-allotment-to-n122trn/ The National Environmental Standards and Regulations Enforcement Agency (NESREA) has defended the implementation of the National Environmental (Plastic Waste Control) Regulations, 2026, insisting that the policy is in the national interest and critical to tackling Nigeria’s growing plastic pollution challenge.
Speaking at a press briefing in Abuja on Monday, the Director-General of NESREA, Professor Innocent Barikor, represented by the agency’s Director of Inspec]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nesrea-rejects-mans-objections-defends-plastic-waste-regulation/Tue, 23 Jun 2026 03:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nesrea-rejects-mans-objections-defends-plastic-waste-regulation/ The British pound weakened against the naira and hovered near its lowest level of the year against the US dollar on Monday as political uncertainty in the United Kingdom rattled investors and weighed on sterling.
The development follows the resignation of UK Prime Minister, Keir Starmer, who faced mounting pressure within the Labour Party after a surprise by-election result in Greater Manchester strengthened the political profile of rival Labour figure Andy Burnham.
Data fro]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/pound-slides-against-naira-as-uk-prime-minister-resigns/Tue, 23 Jun 2026 03:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/pound-slides-against-naira-as-uk-prime-minister-resigns/ The participants were announced at an event held at Lavianto in Owerri, which attracted young entrepreneurs, business owners and aspiring leaders from across the region.
The Aba region Top 10 participants are Tochukwu O., Chidiebere N., O]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/life-lager-unveils-aba-region-top-10-for-nwa-boi-experience/Tue, 23 Jun 2026 03:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/life-lager-unveils-aba-region-top-10-for-nwa-boi-experience/ The new corporate identity was unveiled at a ceremony in Lagos attended by government officials, industry leaders, traditional rulers and key stakeholders from across the country.
Speaking at the event, Group Managing Director and Chief Executive Officer, Lolu Alade-Akinyemi, said the rebra]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/lafarge-africa-becomes-hbm-nigeria-plc-unveils-new-corporate-identity/Tue, 23 Jun 2026 03:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/lafarge-africa-becomes-hbm-nigeria-plc-unveils-new-corporate-identity/ Nigeria is set to take a major step towards a low-carbon future as the Energy Commission of Nigeria (ECN), in partnership with the European Union Delegation to Nigeria and ECOWAS, convenes a three-day Strategic Awareness and Alignment Summit on the Low-Carbon Hydrogen Economy in Abuja.
The summit, scheduled for June 23–25 at the National Bureau of Statistics headquarters, will bring together senior officials from more than 50 federal Ministries, Departments and]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ecn-eu-ecowas-rally-stakeholders-to-position-nigeria-for-clean-energy-future/Mon, 22 Jun 2026 22:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ecn-eu-ecowas-rally-stakeholders-to-position-nigeria-for-clean-energy-future/ Nigerians seeking to own vehicles can now do so with as little as a 10 per cent down payment under a new financing initiative launched by Access Bank to improve mobility and make vehicle ownership more affordable.
The scheme, unveiled at the AutoFest exhibition in Lagos, enables customers to access financing of up to 90 per cent of a vehicle’s value through a digital platform that connects buyers, vehicle dealers, manufacturers and financiers within a single ecosystem.
Speakin]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/access-bank-launches-vehicle-financing-scheme-with-10-deposit/Mon, 22 Jun 2026 14:44:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/access-bank-launches-vehicle-financing-scheme-with-10-deposit/ The agreement is aimed at strengthening NIMASA’s institutional capacity through targeted technical assistance, professional training and capacity-building programmes for the agency&rs]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nimasa-ilo-join-forces-to-enhance-maritime-skills-labour-standards/Mon, 22 Jun 2026 13:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nimasa-ilo-join-forces-to-enhance-maritime-skills-labour-standards/ The agreement was signed on June 19 at the bank’s headquarters in Lagos, marking the first transaction between EIB Global and Wema Bank.
According to both institutions, the facility is aimed at supporting eligible business]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/wema-bank-eib-global-sign-50-million-sme-investment-agreement/Mon, 22 Jun 2026 13:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/wema-bank-eib-global-sign-50-million-sme-investment-agreement/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-industrial-policy-fg-secures-380m-investment-commitments-in-90-days/Mon, 22 Jun 2026 08:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-industrial-policy-fg-secures-380m-investment-commitments-in-90-days/https://www.newslocker.com/en-ng/news/nigeria-economy-news/textile-manufacturers-seek-stronger-trade-protection-for-local-industry/Mon, 22 Jun 2026 08:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/textile-manufacturers-seek-stronger-trade-protection-for-local-industry/https://www.newslocker.com/en-ng/news/nigeria-economy-news/manufacturing-leads-non-oil-tax-revenue-with-n404bn-vat-cit-contribution-in-q126/Mon, 22 Jun 2026 08:08:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/manufacturing-leads-non-oil-tax-revenue-with-n404bn-vat-cit-contribution-in-q126/https://www.newslocker.com/en-ng/news/nigeria-economy-news/importers-pay-n100000-daily-demurrage-over-nsw-delays-customs-agents/Mon, 22 Jun 2026 08:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/importers-pay-n100000-daily-demurrage-over-nsw-delays-customs-agents/ Nigerian businesses, particularly large companies, are facing mounting pressure as they prepare to meet two major tax compliance obligations before the end of June. They are the filing of Company Income Tax (CIT) returns and compliance with the federal government’s new electronic invoicing (e-invoicing) regime.
Tax experts have warned that the convergence of both deadlines is placing significant demands on finance and accounting teams, increasin]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/businesses-race-against-dual-tax-deadlines-as-cit-filing-e-invoicing-rules-take-effect/Mon, 22 Jun 2026 04:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/businesses-race-against-dual-tax-deadlines-as-cit-filing-e-invoicing-rules-take-effect/ The investment is expected to support Eja-Ice’s manufacturing capacity and operational expansion as the company scales its solar-powered refrigeration and cold storage solutions to meet g]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/all-on-invests-1m-in-eja-ice-to-boost-off-grid-cold-storage/Mon, 22 Jun 2026 04:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/all-on-invests-1m-in-eja-ice-to-boost-off-grid-cold-storage/ The move aimed at reducing export costs, improving market access and deepening the implementation of the African Continental Free Trade Area (AfCFTA).
The initiative, unveiled in Lagos by the Federal Ministry of Industry, Trade and Investment at the weekend, opens new export routes from Nigeria to Kigali in Rwanda, Lusaka in Zamb]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-rwandair-launch-expanded-cargo-corridor-to-boost-exports-across-africa/Mon, 22 Jun 2026 04:02:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-rwandair-launch-expanded-cargo-corridor-to-boost-exports-across-africa/ Chairman, Alliance for Economic Research and Ethics Ltd/GTE, Dele Oye, has criticised the federal government’s handling of the May 2026 Federation Account Allocation Committee (FAAC) disbursement, alleging that a significant portion of federation revenue was withheld before distribution to states and local government councils.
Reacting to the May 2026 FAAC allocation figures released in June, Oye noted that while total federation revenue stood at N3.40 tr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-cornered-32-of-may-faac-revenue-oye-alleges/Mon, 22 Jun 2026 04:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-cornered-32-of-may-faac-revenue-oye-alleges/ The African Export Import Bank (Afreximbank) has identified a rare opportunity for Africa to become a major player in global trade, saying the continent can benefit from shifting geopolitical and economic alliances by expanding industrial capacity and deepening intra-African trade.
This position was highlighted in its 2026 African Trade Report, which noted that the global economy is entering a new era marked by geopolitical rivalry, supply chain diversification and shi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/afreximbank-africa-should-leverage-geopolitical-rivalry-shifting-alliances-to-become-global-trade-hub/Mon, 22 Jun 2026 03:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/afreximbank-africa-should-leverage-geopolitical-rivalry-shifting-alliances-to-become-global-trade-hub/ Aircraft manufacturer Embraer has identified the Cape Town-Lagos route as Africa’s largest unserved air connection, highlighting the persistent lack of direct flights between two of the continent’s major economic hubs despite growing passenger demand.
The revelation is contained in the second edition of Embraer’s Africa Connectivity Report, unveiled at the AviaDev conference in Gaborone, Botswana.The report identified]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cape-townlagos-africas-largest-unserved-air-route-embraer/Mon, 22 Jun 2026 03:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cape-townlagos-africas-largest-unserved-air-route-embraer/ The new Kaduna office reflects OPay’s continued investment in bringing fina]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/opay-expands-opens-kaduna-office/Mon, 22 Jun 2026 03:56:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/opay-expands-opens-kaduna-office/ The Kayfar Freight Forwarding Forum (KFF Forum) has petitioned the Inspector-General of Police (IGP), urging him to intervene in what it described as the indiscriminate enforcement of the nationwide clampdown on unregistered vehicles, which it said is being exploited by some officers to extort freight forwarders and drivers transporting newly imported vehicles.
In a letter dated June 16, 2026, and signed by the forum’s National Coordinator, Dr. Farinto Collins Kayode, the a]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/freight-forwarders-petition-igp-over-alleged-extortion-of-imported-vehicle-drivers/Mon, 22 Jun 2026 03:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/freight-forwarders-petition-igp-over-alleged-extortion-of-imported-vehicle-drivers/ Data from the Nigerian Exchange Limited (NGX) showed that the benchmark All-Share Index (ASI) fell by 3.59 per cent over five consecutive trading sessions to close at 235,941.27 points on Friday, while market capital]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-loses-n56trn-as-investors-sell-shares-await-dangote-ipo/Mon, 22 Jun 2026 03:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-market-loses-n56trn-as-investors-sell-shares-await-dangote-ipo/ The energy company said the transaction, completed on December 31, 2025, significantly expanded its reserves, production base and operational footprint, leading to a sharp increase in the size of its balance sheet]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/aradels-assets-hit-n10trn-up-466-after-renaissance-acquisition/Mon, 22 Jun 2026 03:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/aradels-assets-hit-n10trn-up-466-after-renaissance-acquisition/ The global labour movement has raised fresh concerns over growing violations of workers’ rights across Africa, with Public Services International (PSI) leaders calling on governments and employers to respect freedom of association, end harassment of trade unionists and uphold international labour standards.
Speaking on the challenges facing workers and trade unions w]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/end-attacks-on-workers-rights-now-psi/Mon, 22 Jun 2026 03:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/end-attacks-on-workers-rights-now-psi/ The International Labour Organization (ILO) has called for urgent global action to eliminate child labour, warning that nearly 138 million children around the world are still trapped in work that robs them of their education, safety and future opportunities.
The call was made as governments, workers’ organizations, employers, ci]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ilo-makes-case-for-red-card-action-against-child-labour/Mon, 22 Jun 2026 03:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ilo-makes-case-for-red-card-action-against-child-labour/  
The death of Mr. Sylvester Enoghase, Labour Editor and Group Business Editor of Daily Independent Newspapers last Tuesday, has continued to draw tributes from leading figures in Nigeria’s labour and business communities, with the managing director of the Nigeria Social Insurance Trust Fund (NSITF), Barrister Oluwaseun Faleye, and the Centre for the Promotion o]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsitf-cppe-colleagues-mourn-enoghase-hail-business-journalism-icon/Mon, 22 Jun 2026 03:46:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nsitf-cppe-colleagues-mourn-enoghase-hail-business-journalism-icon/  
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called on political leaders across the country to uphold democratic values, shun actions capable of destabilizing the nation, and ensure that the sacrifices made during the struggle for democracy are not forgotten.
Marking the 33rd anniversary of the historic June 12, 1993, presidential election, th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/june-12-sacrifice-must-not-be-in-vain-nupeng-tells-politicians/Mon, 22 Jun 2026 03:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/june-12-sacrifice-must-not-be-in-vain-nupeng-tells-politicians/ The study, titled “Leadership Selection Process and Governance of Federal Universities in Nigeria (1993–2024),” examined how vice-chanc]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-politics-nepotism-fuel-governance-crisis-in-federal-universities-study/Mon, 22 Jun 2026 03:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-politics-nepotism-fuel-governance-crisis-in-federal-universities-study/ Fawehinmi spoke at the maiden edition of the Abuja Leadership Centre Public Lecture Series held at the University of Abuja, where Echono]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/uniabuja-vc-hails-echonos-leadership-research-expertise-in-university-governance/Mon, 22 Jun 2026 03:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/uniabuja-vc-hails-echonos-leadership-research-expertise-in-university-governance/ According to a New York Post report which quoted the Islamic Revolutionary Guard Corps (IRGC), Iran cited a continued presence of United S]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/hormuz-closure-triggers-fresh-petrol-price-spike-concerns/Mon, 22 Jun 2026 03:39:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/hormuz-closure-triggers-fresh-petrol-price-spike-concerns/ Carloha Nigeria, the authorised importer and franchise holder of Chery vehicles in Nigeria, has officially launched the all-new Chery Tiggo 9 Plug-in Hybrid Electric Vehicle (PHEV) and announced the forthcoming introduction of the Chery Q brand into the Nigerian market.
Carloha Nigeria has also pledged that buyers of both the Chery Tiggo 9 PHEV and the expected Chery Q would be joining the teeming users of Chery’s vehicles in Nigeria who are currently enjoying the awar]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/carloha-nigeria-launches-chery-tiggo-9-phev-pledges-6-6-7-aftersales-care/Mon, 22 Jun 2026 03:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/carloha-nigeria-launches-chery-tiggo-9-phev-pledges-6-6-7-aftersales-care/ Positioned as one of the most spacious SUVs in the country, the X90]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/jetour-x90-plus-redefines-space-safety-premium-family-driving/Mon, 22 Jun 2026 03:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/jetour-x90-plus-redefines-space-safety-premium-family-driving/  
Kia Motors Nigeria has announced a strategic partnership with Bankit, one of Nigeria’s fastest-growing fintech brands, to provide customers with a 10 percent discount on vehicle servicing and genuine spare parts purchases when payments are made using the Bankit app.
The initiative is designed to reward customers while delivering greater convenience, affordability, and seamless digital payment experiences. Through the partnership, Kia owners can now enjoy significant]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/kia-nigeria-partners-with-bankit-to-offer-10-discount-on-service-parts/Mon, 22 Jun 2026 03:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/kia-nigeria-partners-with-bankit-to-offer-10-discount-on-service-parts/ Massilia Motors Nigeria, the sole authorised distributor of Mitsubishi Motors in Nigeria and a joint venture of the CFAO Group and the Chanrai Group, has announced a special anniversary pricing offer on the new Mitsubishi L200 pickup truck to mark one year since its launch in the Nigerian market.The offer, available across all L200 variants, sees pricing start from ₦N42,000,000. With limited stock available, prospective buyers are advised to act promptly to secure their pr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/mitsubishi-marks-1-year-of-new-l200-pickup-in-nigeria-with-anniversary-offer/Mon, 22 Jun 2026 03:03:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/mitsubishi-marks-1-year-of-new-l200-pickup-in-nigeria-with-anniversary-offer/  
Dana Motors Limited, one of Nigeria’s leading automotive companies and a pioneer in sustainable mobility solutions, has reaffirmed its commitment to accelerating the country’s transition to cleaner transportation through significant investments across the electric vehicle (EV) ecosystem.
The company disclosed that its vision extends beyond the sale of electric vehicles to building a comprehensive mobility ecosystem that supports Nigeria’s long-term indus]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dana-motors-reaffirms-commitment-to-driving-nigerias-electric-vehicle-ecosystem/Mon, 22 Jun 2026 03:02:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dana-motors-reaffirms-commitment-to-driving-nigerias-electric-vehicle-ecosystem/ FIAT South Africa has revealed the first micro-mobility vehicle, FIAT TRIS, for South Africa and selected sub-Saharan African markets during the Transport Evolution Summit 2026. 
FIAT continues to reinforce its leadership in micromobility by positioning itself as a necessary answer to urban congestion, affordability and accessibility challenges in modern cities. And now Africa is among the markets where the brand’s micromobility approach is expanding.
“The micro]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fiat-sa-reveals-fiat-tris-at-transport-evolution-summit-2026/Mon, 22 Jun 2026 03:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fiat-sa-reveals-fiat-tris-at-transport-evolution-summit-2026/  
TVS Motor Company (TVSM), a part of TVS VENU and a global leader in the two- and three-wheeler segments, has announced a partnership for the distribution of its products and services across Nigeria.
The strategic partnership was consummated at an impressive ceremony in Ikorodu, Lagos, on Wednesday, June 17, 2026, where Enviable Tricycle Auto Parts Ltd was officially declared an additional distributor to increase the scale of TVS Motor Company operations across the country]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tvs-motors-partners-enviable-tricycle-auto-parts-to-expand-presence-in-nigeria/Mon, 22 Jun 2026 02:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tvs-motors-partners-enviable-tricycle-auto-parts-to-expand-presence-in-nigeria/  
Here are some tips you’ll want to follow the next time you’re caught driving in the rain.
Safety starts before you drive, and your goal should be to see and be seen. Replace windshield wiper inserts that leave streaks or don’t clear the glass in a single swipe.Make sure all headlights, taillights, brake lights and turn signals are properly functioning so other drivers will see you during downpours. Turn on your headlights whenever you drive.
Proper tyre]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/driving-safely-in-the-rain/Mon, 22 Jun 2026 02:54:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/driving-safely-in-the-rain/ In a joint statement signed by NCC Director of Public Affairs, Nnena Ukoha, and CAC Head of Public Affairs, Rasheed Mahe, and made available to Daily Sun on Sunday, both agencies said any proposed transfer of shares amounting to 10 per cen]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncc-cac-tighten-rules-on-telecom-ownership-changes/Sun, 21 Jun 2026 20:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncc-cac-tighten-rules-on-telecom-ownership-changes/ Dangote made the remarks during an interview with James Dumoulin, founder of the School of Hard Knocks platform, where he spoke about his business journey, wealth, legacy and the future of Africa’s economy.
Asked how he would like to be remembered, the Nigerian billionaire said: “I ha]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/i-want-to-industrialise-africa-not-chase-billions-dangote/Sun, 21 Jun 2026 17:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/i-want-to-industrialise-africa-not-chase-billions-dangote/ Addressing journalists in Lagos during the five years anniversary of the group, Onifade affirmed that such lofty aspiration is achievable following the resilience and growth trajectory recorded so far.
“Currently we are serving over two million customers directly and indirectly; Heirs Insurance Gr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/heirs-insurance-plans-big-move-across-africa/Sun, 21 Jun 2026 04:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/heirs-insurance-plans-big-move-across-africa/ EIB Global, a branch of the European Investment Bank (EIB) on Friday, partnered with the Lagos State Government to invest €170 million to develop sustainable and efficient waterways transport in the state.
The signing ceremony followed by a site visit was held at the Lagos State Waterways Authority (LASWA) headquarters, in the presence of Ambroise Fayolle, EIB Vice-President; Gautier Mignot, EU Ambassador, and Laurent Favier, Consul General of France in Lagos.
Thi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/eib-lagos-partner-on-170m-investment-to-transform-water-transport/Sat, 20 Jun 2026 04:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/eib-lagos-partner-on-170m-investment-to-transform-water-transport/ Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Senator Aliyu Sabi Abdullahi, disclosed this on Friday, while chairing the Cooperative Education for Sustainable Economic Development Summit (CE]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-unveils-plan-for-cooperative-bank-to-boost-economic-growth/Sat, 20 Jun 2026 04:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-unveils-plan-for-cooperative-bank-to-boost-economic-growth/ National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Mr Billy Gillis-Harry, said Brent crude’s slide to about $77 per barrel has weakened the justification for current petrol prices and should trigger immediate reductions at depo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/price-war-brews-as-marketers-demand-petrol-pump-price-cut/Sat, 20 Jun 2026 04:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/price-war-brews-as-marketers-demand-petrol-pump-price-cut/ The partnership will see Zambia host the Creative Industry Business Summit (CIBS) from June 29 to July 2, followed by the Kwimbo National Arts Festival on July 3 and 4, bringing together policymakers, investors, creative entrepreneurs and industry stake]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/africa-creative-market-partners-zambia-to-drive-creative-industry-financing/Sat, 20 Jun 2026 04:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/africa-creative-market-partners-zambia-to-drive-creative-industry-financing/https://www.newslocker.com/en-ng/news/nigeria-economy-news/belhomz-properties-ceo-advocates-quality-innovation-in-abuja-real-estate-market/Fri, 19 Jun 2026 19:02:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/belhomz-properties-ceo-advocates-quality-innovation-in-abuja-real-estate-market/ The Minister of Aviation and Aerospace Development, Barr. Festus Keyamo, disclosed this in Lagos during the launch of United Air’s newly acquired aircraft on Thursday.
The Minister also said the Federal Government had effected a structural management overhaul at the Akanu Ibiam International Airport,]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-enugu-target-direct-china-enugu-cargo-flights-by-december/Fri, 19 Jun 2026 17:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-enugu-target-direct-china-enugu-cargo-flights-by-december/ Cutix Plc, one of West Africa’s cable manufacturers, is transforming the Nigerian cable and wire manufacturing landscape through innovations that address life, infrastructure safety, and industrial growth. 
The Acting Chief Executive Officer, Cutix Plc, Uche Igbokwe, disclosed that the company is actively driving high-quality standards to eliminate the systemic dangers of substandard electrical cables in West Africa.
Igbokwe, said, “Cutix Plc is a legacy company bu]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cutix-transforming-cable-wire-manufacturing-landscape-with-innovations-ceo-igbokwe/Fri, 19 Jun 2026 10:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cutix-transforming-cable-wire-manufacturing-landscape-with-innovations-ceo-igbokwe/https://www.newslocker.com/en-ng/news/nigeria-economy-news/leadway-sustains-support-to-nigerias-creative-economy/Fri, 19 Jun 2026 09:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/leadway-sustains-support-to-nigerias-creative-economy/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nnpcl-renews-methane-reduction-deal-with-totalenergies/Fri, 19 Jun 2026 09:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nnpcl-renews-methane-reduction-deal-with-totalenergies/https://www.newslocker.com/en-ng/news/nigeria-economy-news/afcfta-fund-wont-deliver-exports-without-reforms-freight-forwarders/Fri, 19 Jun 2026 09:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/afcfta-fund-wont-deliver-exports-without-reforms-freight-forwarders/https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-slumps-to-lowest-price-since-us-iran-conflict/Fri, 19 Jun 2026 09:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-slumps-to-lowest-price-since-us-iran-conflict/https://www.newslocker.com/en-ng/news/nigeria-economy-news/shareholders-of-totalenergies-fall-victim-of-petrol-price-war/Fri, 19 Jun 2026 09:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/shareholders-of-totalenergies-fall-victim-of-petrol-price-war/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-allocates-2-additional-crude-oil-terminals-to-swede-control-intertek/Fri, 19 Jun 2026 09:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-allocates-2-additional-crude-oil-terminals-to-swede-control-intertek/https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-exchange-boss-calls-for-targeted-economic-policy-reforms/Fri, 19 Jun 2026 08:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/stock-exchange-boss-calls-for-targeted-economic-policy-reforms/ The disbursement was announced at the Anambra Startup Investment and Technology Skills Graduation Ceremony held at the Banquet Hall of the Light House, Awka, where the state government also graduated 400 technology professionals trained in robotics and network engineering.
The event, organised by the Solution I]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/soludo-injects-n80m-into-80-startups-targets-anambras-tech-economy/Fri, 19 Jun 2026 08:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/soludo-injects-n80m-into-80-startups-targets-anambras-tech-economy/https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-rolls-out-guidelines-for-transition-to-new-tax-regime/Fri, 19 Jun 2026 08:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-rolls-out-guidelines-for-transition-to-new-tax-regime/ The World Bank-supported Immunisation Plus and Malaria Progress by Accelerating Coverage and Transforming Services (IMPACT) Project has transformed primary healthcare delivery with the revitalisation and upgrade of 61 Primary Healthcare Centres across the three senatorial districts of the Edo State.
The Commissioner for Health, Dr. Cyril Adams Oshiomhole who disclosed this yesterday in Benin City, said the  intervention has improved access to quality healthcare servi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/impact-boosts-primary-healthcare-delivery-in-edo-oshiomhole/Fri, 19 Jun 2026 04:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/impact-boosts-primary-healthcare-delivery-in-edo-oshiomhole/ For a fact, cement inflation is accelerating Nigeria’s housing deficit and that is because it is a major component of building any infrastructure.Disturbingly, the price of this essential commodity is sky-high, with no hope an imminent fall.
With its price currently oscillating between N11,000 and N13,500 per 50kg bag nationwide, builders and homeowners are lamenting endlessly.Also in tears are renters.For many Nigerians, discussions about renting or bu]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-expensive-cement-is-worsening-nigerias-housing-nightmare/Fri, 19 Jun 2026 03:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-expensive-cement-is-worsening-nigerias-housing-nightmare/  
Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that the federal government has approved between four and five international routes for United Nigeria Airlines, naming New York, Canada and Dubai among the destinations the carrier has now been cleared to fly.
This comes as the airline unveiled two newly acquired Boeing 737-800NG aircraft.
Speaking at the official unveiling which took place in Lagos on Thursday, Keyamo said the routes were pa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-approves-us-canada-3-other-international-routes-for-united-nigeria-airlines/Fri, 19 Jun 2026 03:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-approves-us-canada-3-other-international-routes-for-united-nigeria-airlines/ Okonkwo said the two planes are only the first delivery from an original order of six. He said of six aircraft the airline]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/naming-boeing-737-after-achebe-obi-of-onitsha-honours-nigerias-heritage-okonkwo-una-chairman/Fri, 19 Jun 2026 03:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/naming-boeing-737-after-achebe-obi-of-onitsha-honours-nigerias-heritage-okonkwo-una-chairman/ Latest data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that average daily imports of Premium Motor Spirit (PMS), popularly known as petrol, climbed to 5.9 million litres per day in May from 3.7 million lit]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-imports-surge-595-despite-higher-local-refining-output/Fri, 19 Jun 2026 03:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/petrol-imports-surge-595-despite-higher-local-refining-output/ The guidelines, released by the Federal Ministry of Finance on Thursday, outline the procedures for managing tax obligations and administrati]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-unveils-framework-for-migration-to-new-tax-system/Fri, 19 Jun 2026 03:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-unveils-framework-for-migration-to-new-tax-system/https://www.newslocker.com/en-ng/news/nigeria-economy-news/experts-warn-nigeria-africa-to-bolster-energy-security-or-risk-economic-disruptions/Fri, 19 Jun 2026 03:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/experts-warn-nigeria-africa-to-bolster-energy-security-or-risk-economic-disruptions/ Council also approved the launch of a nationwide public awa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-vows-crackdown-on-quackery-amid-rising-building-collapses/Fri, 19 Jun 2026 03:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-vows-crackdown-on-quackery-amid-rising-building-collapses/ The Nigeria Data Protection Commission (NDPC) has developed sector-specific data protection and privacy regulatory frameworks for the financial, telecommunications and hospitality industries as part of efforts to strengthen data governance and safeguard the personal information of millions of Nigerians.
The National Commissioner of the NDPC, Dr Vincent Olatunji, disclosed this on Thursday in Abuja during a stakeholders’ engagement meeting convened to review and r]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ndpc-drafts-new-privacy-rules-for-financial-telecom-hospitality-sectors/Fri, 19 Jun 2026 03:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ndpc-drafts-new-privacy-rules-for-financial-telecom-hospitality-sectors/ The move, according to the company, is part of its Corporate Social Responsibility (CSR) project, to ensure that journalists who are mostly exposed to danger and hazard in the discharge of their duties are adequately protected.
The Group Personal Accident Insurance covers dea]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/consolidated-hallmark-renews-accident-cover-for-journalists/Fri, 19 Jun 2026 03:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/consolidated-hallmark-renews-accident-cover-for-journalists/https://www.newslocker.com/en-ng/news/nigeria-economy-news/apfflon-seeks-removal-of-port-bottlenecks-to-unlock-1bn-afcfta-loan/Fri, 19 Jun 2026 03:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/apfflon-seeks-removal-of-port-bottlenecks-to-unlock-1bn-afcfta-loan/ The latest amendment marks a return to a graduated structure similar to the market microstructure framework introduced by the exchange in 2018, when equities were grouped according to their price levels and subjected to diffe]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ngx-returns-to-tiered-price-discovery-system-after-sec-approval/Fri, 19 Jun 2026 03:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ngx-returns-to-tiered-price-discovery-system-after-sec-approval/ Minister of State for Agriculture and Food Security, Sabi Abdullahi disclose this at the North-West Zonal Engagement of the Ministerial Advocacy Tour yesterday in Kaduna.
Abdullahi, in a statement, said the Ministry is targeting 10,000 cooperative societies across the 36 st]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-votes-n200bn-to-set-up-cooperative-bank-of-nigeria/Fri, 19 Jun 2026 03:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-votes-n200bn-to-set-up-cooperative-bank-of-nigeria/ The inspection highlights the ministry’s]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/housing-ministry-unveils-digital-platform-to-fast-track-c-of-o-issuance/Fri, 19 Jun 2026 03:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/housing-ministry-unveils-digital-platform-to-fast-track-c-of-o-issuance/ The move comes as inflation, which stood at 15.93 per cent in May, continues to erode the value of savings and investments, forcing investors to demand higher returns.
At its Treasury bills auction on Wednesday, June 17, the CBN sold N1.49 trillion worth of bills, well abov]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/inflation-fears-drive-demand-as-cbn-raises-t-bill-yields/Fri, 19 Jun 2026 03:16:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/inflation-fears-drive-demand-as-cbn-raises-t-bill-yields/ Speaking at the commissioning ceremony, Senator Tinubu described the facility as a critical investment in human capital development aimed at equipping citizens]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/first-lady-commissions-nitda-ict-centre-in-benue-unveils-n100m-grant-for-women-traders/Fri, 19 Jun 2026 03:15:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/first-lady-commissions-nitda-ict-centre-in-benue-unveils-n100m-grant-for-women-traders/ The federal government says the implementation of the Nigeria Industrial Policy (NIP) 2025 has recorded significant progress within its first 90 days and attracted more than $380 million in strategic financing and advancing key initiatives aimed at boosting local manufacturing, exports, skills development and industrial infrastructure.According to a 90-day progress report released by the Office of the Minister of State for Industry, Senator John Owan Enoh, the policy has moved beyon]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-industrial-policy-attracts-380m-investment-in-90-days/Fri, 19 Jun 2026 02:50:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-industrial-policy-attracts-380m-investment-in-90-days/ The programme, which ran from 1 to 12 June 2026, focused on improving compliance management, revenue assurance, and trade facilitation through modern audit systems and risk-based enforcement tools.
At the closing ceremony, the Deputy C]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-world-bank-end-2-week-audit-reform-programme-to-boost-revenue/Fri, 19 Jun 2026 02:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-world-bank-end-2-week-audit-reform-programme-to-boost-revenue/ The appointments come following the death of the company’s Board Chairman, Chief Michael Olumuyiwa Falomo, whose leadership and stewardship played a significant role in shaping the growth and governance of Reckitt Nigeria over several decades. In a statement, the compa]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/toyin-saraki-abimbola-olashore-join-reckitt-nigeria-board/Fri, 19 Jun 2026 02:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/toyin-saraki-abimbola-olashore-join-reckitt-nigeria-board/ The approval was given at the company’s Annual General Meeting held on Thursday in Abuja, where management described the period as one driven by efficient project execution and disciplined financial management.
Board Chairman, Engr. Goni Musa Sheikh,]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/julius-berger-declares-n68bn-dividend-profit-surges-385/Fri, 19 Jun 2026 02:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/julius-berger-declares-n68bn-dividend-profit-surges-385/ The Oluwo of Iwoland, Oba Abdurosheed Akanbi, has said the investment of Aliko Dangote in his refinery has helped rescue Nigeria’s economy from crumbling.
In a statement made available by his spokesperson, Alli Ibraheem, on Thursday, the monarch commended Dangote for what he described as saving Nigeria’s economy from imminent collapse.
He noted that although Dangote exports large volumes of fuel, many countries—despite their strong economies—are s]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-investment-saved-nigerias-economy-from-collapse-oluwo/Thu, 18 Jun 2026 23:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-investment-saved-nigerias-economy-from-collapse-oluwo/ European Investment Bank (EIB), today, put the bank’s portfolio in Nigeria at £2.7 billion, saying that the bank plans to expand its portfolio to Nigeria especially in the areas of infrastructure development, climate resilience, digital connectivity, private sector development and sustainable financing.
Vice President of the bank, Mr. Ambroise Fayolle who paid a courtesy call on the Minister of State for Budget and Economic Planning (FMBEP), Dr. Doris Uzoka-]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/european-investment-banks-portfolio-to-nigeria-is-27bn-says-bank/Thu, 18 Jun 2026 20:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/european-investment-banks-portfolio-to-nigeria-is-27bn-says-bank/ The Federal Government has issued comprehensive guidelines to facilitate the transition from Nigeria’s repealed tax laws to the new tax framework established under the Tax Acts 2025, providing clarity for taxpayers, tax practitioners, revenue authorities and other stakeholders ahead of the full implementation of the reforms.
 
The guidelines, released by the Federal Ministry of Finance on Thursday, outline the procedures for managing tax obligations and admi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-sets-out-rules-for-migration-to-new-tax-system/Thu, 18 Jun 2026 15:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-sets-out-rules-for-migration-to-new-tax-system/https://www.newslocker.com/en-ng/news/nigeria-economy-news/golden-penny-honours-dealers-unveils-new-pasta-variant/Thu, 18 Jun 2026 14:52:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/golden-penny-honours-dealers-unveils-new-pasta-variant/https://www.newslocker.com/en-ng/news/nigeria-economy-news/mutual-benefits-decries-nigerias-credit-gap-offers-solutions/Thu, 18 Jun 2026 08:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/mutual-benefits-decries-nigerias-credit-gap-offers-solutions/https://www.newslocker.com/en-ng/news/nigeria-economy-news/over-92-of-personal-pension-savings-accounts-remain-unfunded/Thu, 18 Jun 2026 08:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/over-92-of-personal-pension-savings-accounts-remain-unfunded/https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-current-account-surplus-rises-46-to-498bn/Thu, 18 Jun 2026 08:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-current-account-surplus-rises-46-to-498bn/https://www.newslocker.com/en-ng/news/nigeria-economy-news/incoming-nia-chairman-outlines-three-pronged-agenda-to-deepen-market/Thu, 18 Jun 2026 08:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/incoming-nia-chairman-outlines-three-pronged-agenda-to-deepen-market/https://www.newslocker.com/en-ng/news/nigeria-economy-news/no-considerations-for-fuel-telecoms-taxes-fg-reply-imf/Thu, 18 Jun 2026 08:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/no-considerations-for-fuel-telecoms-taxes-fg-reply-imf/ Latest data released by the Central Bank of Nigeria (CBN) showed that the nation’s gross external reserves increased from $49.80 billion on June 1 to $50.81 billion as of June 15, representing a growth of approximately $1.01 b]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/foreign-reserves-soar-above-50bn-gain-101bn-in-2-weeks/Thu, 18 Jun 2026 04:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/foreign-reserves-soar-above-50bn-gain-101bn-in-2-weeks/ The Tax Ombud and Chief Executive of the Office of the Tax Ombud, Dr. John Nwabueze, announced the development during a meeting with Enugu State Governor, Dr. Peter Mbah, at the Government House in Enugu on Tuesday.
Nwabueze said the decision to locate the zonal headquarte]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tax-ombud-establishes-south-east-zonal-headquarters-in-enugu/Thu, 18 Jun 2026 04:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tax-ombud-establishes-south-east-zonal-headquarters-in-enugu/ The commitment emerged from the two bodies’ quarterly meeting held on June 16, 2026, at Customs Service Headquarters in Abuja, where talks focused on trade facilitation, security, and strengthening economic relations between Nigeria and the United States.
Comptro]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-american-business-council-pledge-deeper-trade-collaboration/Thu, 18 Jun 2026 04:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/customs-american-business-council-pledge-deeper-trade-collaboration/ The appointment marks a significant milestone for Falcon Aero as the company accelerates its expansion beyond West Africa into key African economic hubs while intensifying its international growth and capital mobilisation strategy.
Commenting on his appoi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ex-ncaa-dg-akinkuotu-appointed-falcon-aero-chairman/Thu, 18 Jun 2026 04:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ex-ncaa-dg-akinkuotu-appointed-falcon-aero-chairman/ Nigeria’s oil earnings recorded an estimated windfall of about N5.13 trillion in two months (February to April), as crude prices surged sharply following tensions between the United States–Iran crisis, pushing revenues far above the Federal Government’s 2026 budget assumptions.
The US-Iran war started on February 28 when oil prices were below $70 a barrel.
The Strait of Hormuz o]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-may-lose-n13trn-over-strait-of-hormuz-reopening/Thu, 18 Jun 2026 04:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigeria-may-lose-n13trn-over-strait-of-hormuz-reopening/ The integration means travel agents, corporate clients, and travel management companies around the world can now search, book, and manage United Nigeria Airlines flights directly through the Amadeus platform, instantly boosting the carrier’s visibility an]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/united-nigeria-airlines-goes-global-with-amadeus-gds-integration/Thu, 18 Jun 2026 04:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/united-nigeria-airlines-goes-global-with-amadeus-gds-integration/ The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to face one of its most delicate policy decisions in months as easing global oil prices following the United States-Iran ceasefire collide with persistent domestic inflationary pressures, a report from SBM Intelligence said on Wednesday.
This is coming after ceasefire agreement, which reopened the Strait of Hormuz after weeks of disruption, triggered a sharp decline in global crude prices, w]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-to-grapple-with-post-war-rate-dilemma-amid-inflation-threats-lower-oil-prices/Thu, 18 Jun 2026 04:23:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-to-grapple-with-post-war-rate-dilemma-amid-inflation-threats-lower-oil-prices/ The National Pension Commission (PenCom) and the National Union of Road Transport Workers (NURTW) have commenced discussions on a strategic partnership aimed at enrolling an estimated nine million transport workers into the Personal Pension Plan (PPP) under the Contributory Pension Scheme (CPS).
This was disclosed in a statement issued by PenCom following a courtesy visit by the National President of NURTW, Alhaji Musiliu Akinsanya, popularly known as M]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/pencom-nurtw-to-enroll-9m-transport-workers-in-pension-scheme/Thu, 18 Jun 2026 04:22:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/pencom-nurtw-to-enroll-9m-transport-workers-in-pension-scheme/ In a goodwill message to mark this year’s Democracy Day celebration, Adighije emphasised that democracy can only deliver meaningful benefits to citizens when supported by essential infrastructure, particularly dependable electricity.
The NDPHC boss described stab]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ndphc-reaffirms-commitment-to-reliable-power-supply-economic-growth/Thu, 18 Jun 2026 04:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ndphc-reaffirms-commitment-to-reliable-power-supply-economic-growth/ The webinar, scheduled for June 25, 2026, will focus on the theme, “Funding Your Growth: How SMEs Can Access Finance and Scale Faster.”
According to the bank, the initiative is part of its commitment to supporting SMEs through capacity building and pr]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstbank-plans-webinar-on-sme-financing/Thu, 18 Jun 2026 04:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstbank-plans-webinar-on-sme-financing/ The development reveals the persistent pressure of debt obligations on the country’s public finances despite signs of improving macroeconomic stability.
The IMF projected that the federal government’s interest payments will account for 53.7 per cent of total revenue in 2026, slightly h]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-nigeria-to-spend-half-of-revenue-on-debt-servicing-in-2026/Thu, 18 Jun 2026 04:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-nigeria-to-spend-half-of-revenue-on-debt-servicing-in-2026/ From Okwe Obi, AbujaThe Association of Indigenous Contractors of Nigeria (AICAN), North Central Zone, has expressed displeasure over what it termed “uneven payment structure” to indebted contractors by the federal government.AICAN lamented that it is unable to determine the beneficiaries of the N700 billion reportedly paid to contractors by the federal government, when original contractors wallow in poverty and huge debt.
While addressing]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/contractors-query-beneficiaries-of-fgs-n700bn-payment/Thu, 18 Jun 2026 04:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/contractors-query-beneficiaries-of-fgs-n700bn-payment/ The event, held in Abuja on Wednesday, signalled a significant step in the nation’s long-running transition from analogue television broadcasting to digital te]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-targets-40m-homes-n600bn-revenue-with-digital-tv-rollout/Thu, 18 Jun 2026 03:58:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-targets-40m-homes-n600bn-revenue-with-digital-tv-rollout/ The bank, through its women-focused proposition, SARA by Wema, is partnering with SheCan Nigeria to host the conference scheduled for June 19 in Lagos. The event is expected to bring together women entrepreneurs, professionals, busine]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/wema-bank-backs-shecan-conference-with-n1m/Thu, 18 Jun 2026 03:57:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/wema-bank-backs-shecan-conference-with-n1m/ P]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/masters-energy-launches-new-household-products/Thu, 18 Jun 2026 03:55:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/masters-energy-launches-new-household-products/ The alliance, announced on Wednesday, positions Enviable as an additional distributor for the Indian two- and three-wheeler manufacturer. It will roll out new exclusive 3S (Sales, Service, and Spare Parts) facilities in key locations, aiming to dramatically improve access to genuine TVS products]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/firm-unveils-tricycles-to-boost-transportation-nationwide/Thu, 18 Jun 2026 03:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firm-unveils-tricycles-to-boost-transportation-nationwide/ ibe.merit@yahoo.com 
Despite the relentless push by the Central Bank of Nigeria and other key agencies of government to realise the long-desired Eco currency for the West African bloc, trade and economic experts have expressed reservations about the readiness of many African nations to realise the lofty ambition.
They have cited persistent economic, political and structural challenges across the region.
While they con]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/endless-journey-to-single-west-african-currency/Thu, 18 Jun 2026 03:51:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/endless-journey-to-single-west-african-currency/ In a detailed response to the IMF’s 2026 Article IV Consultation Report, CPPE’s Chief Executi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cppe-to-imf-economic-stability-alone-wont-put-food-on-the-table/Thu, 18 Jun 2026 03:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cppe-to-imf-economic-stability-alone-wont-put-food-on-the-table/ As part of its engagement with the Green Climate Fund (GCF), the bank recently organised a stakeholder consultation on its proposed initiative, titled “Unlocking Climate Finance at Scale: MSME Low-Carbon Transition and Agricultural Resilience in Nigeria.&r]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dbn-moves-to-unlock-climate-finance-for-msmes/Thu, 18 Jun 2026 03:46:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dbn-moves-to-unlock-climate-finance-for-msmes/ Formalised through an implementation agreement signed recently, the partnership appoints LCCI as a designated partner hub responsible for delivering high-quality learning experiences and providing access to digital infrastructure for thous]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cchub-lcci-collaborate-to-drive-digital-inclusion-economic-growth/Thu, 18 Jun 2026 03:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cchub-lcci-collaborate-to-drive-digital-inclusion-economic-growth/ Ufot argued that many brands struggle not because of a lack of content but because they fail to communicate a clear, consistent and compelling narrative. He made the remark during a strategic marketing session organised for marketing leaders across the UAC Group portfolio, including Gala Sausage Roll, UAC Foods, Zuri Seasoning, and Chivi]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/weak-brand-storytelling-stifling-business-growth-ufot/Thu, 18 Jun 2026 03:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/weak-brand-storytelling-stifling-business-growth-ufot/ Dr Alake made the assertion as Nigeria intensified preparations for the 5th African Natural Resources and Energy Investment Summit (AFNIS) 2026, slated for Abuja from July 23 to 25, positioning the country]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/afnis-2026-alake-rallies-africa-to-break-raw-materials-curse/Wed, 17 Jun 2026 19:59:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/afnis-2026-alake-rallies-africa-to-break-raw-materials-curse/ The extension is aimed at strengthening efforts to detect, measure and reduce methane and carbon emissions, while supporting NNPC Ltd’s gas flaring reduction obligations and broader decarbonisation targets.
The develop]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nnpc-ltd-totalenergies-extend-methane-reduction-partnership-by-two-years/Wed, 17 Jun 2026 19:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nnpc-ltd-totalenergies-extend-methane-reduction-partnership-by-two-years/ Global energy major, Shell has appointed former Managing Director of Shell Nigeria Exploration and Production Company Limited (SN EPCo), Elohor Aiboni, as Executive Vice President and Country Chair Nigeria.
The appointment makes her the first Nigerian and first woman to hold the combined position in the company’s more than six decades of operations in the country.
The appointment takes effect from August 1, 2026.Aiboni succeeds outgoing Executive Vice President and Coun]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/shell-names-first-nigerian-female-evp-country-chair/Wed, 17 Jun 2026 15:15:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/shell-names-first-nigerian-female-evp-country-chair/https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-prescriptions-experts-warn-fg-against-costly-foreign-loans-vat-hike/Wed, 17 Jun 2026 08:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-prescriptions-experts-warn-fg-against-costly-foreign-loans-vat-hike/https://www.newslocker.com/en-ng/news/nigeria-economy-news/proposed-plastic-ban-could-trigger-deindustrialisation-job-losses-man/Wed, 17 Jun 2026 08:29:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/proposed-plastic-ban-could-trigger-deindustrialisation-job-losses-man/https://www.newslocker.com/en-ng/news/nigeria-economy-news/shettima-flags-off-nadfs-515720-bag-fertiliser-intervention/Wed, 17 Jun 2026 08:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/shettima-flags-off-nadfs-515720-bag-fertiliser-intervention/https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-lowers-petrol-price-by-n75l-as-oil-falls-by-5/Wed, 17 Jun 2026 08:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-lowers-petrol-price-by-n75l-as-oil-falls-by-5/https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-warns-as-nigeria-captures-60-of-ssa-stablecoin-inflows/Wed, 17 Jun 2026 08:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-warns-as-nigeria-captures-60-of-ssa-stablecoin-inflows/ The Secretary to the State Government, Chidiebere Onyia, made the disclosure yesterday,
during the Renewed Hope Media Tour of the airport, where he outlined how the state government’s plans to use aviation, tourism, and agriculture to drive economic growth.
He said that t]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/enugu-air-airport-concession-to-support-states-30bn-economy-goal-commissioner/Wed, 17 Jun 2026 04:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/enugu-air-airport-concession-to-support-states-30bn-economy-goal-commissioner/ By Chinwendu Obienyi
The International Monetary Fund (IMF) on Tuesday, warned that Nigeria’s fast-growing crypto market, especially the use of stablecoins, could weaken the Central Bank of Nigeria (CBN)’s grip on the naira and complicate monetary policy management.
In a new assessment, the Fund said Nigerians are increasingly using dollar-pegged digital tokens to move money across borders, save value and settle payments outside the for]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-nigerias-crypto-growth-creating-digital-dollarisation-threatening-monetary-stability/Wed, 17 Jun 2026 04:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-nigerias-crypto-growth-creating-digital-dollarisation-threatening-monetary-stability/ The refinery announced a N75 per litre reduction in its ex-depot, or gantry, price of Premium Motor Spirit (PMS), bringing the price down from N1,250 to N1,175 per litre effective from midnight on Monday, June 15, 2026.
The development marks the first major downward review in petrol pricing in several months and signals a possible easing of pressure]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-slashes-petrol-price-by-n75-sells-at-n1175litre/Wed, 17 Jun 2026 04:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-refinery-slashes-petrol-price-by-n75-sells-at-n1175litre/ The company disclosed in a notice to shareholders, stakeholders, the National Association of Securities Dealers (NASD), and the investing public that it had secured regulatory approval to offer 6 billion ordinary shares of 50 kobo each at N2.60 per]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/great-nigerian-insurance-unveils-n156bn-rights-issue/Wed, 17 Jun 2026 04:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/great-nigerian-insurance-unveils-n156bn-rights-issue/  
The Nigerian Insurers Association (NIA) is set to usher in a new era with the emergence of Mrs. Ebelechukwu Nwachukwu as its first female chairman, a development industry stakeholders believe could accelerate efforts to deepen insurance penetration and rebuild public confidence in the sector.
Nwachukwu, who becomes the 27th chairman of the association, unveiled a three-point agenda centred on collaboration, public enlightenment and regulatory engagem]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nwachukwu-makes-history-as-first-female-nia-chairman/Wed, 17 Jun 2026 04:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nwachukwu-makes-history-as-first-female-nia-chairman/ For most Nigerians, benchmark interest rates rarely attract attention. They do not move markets with the drama of exchange rate fluctuations, nor do they dominate public discourse like inflation figures or fuel prices. Yet, these benchmarks quietly underpin the financial system, influencing how banks price loans, how governments raise capital, how investors assess risk, and how central banks transmit monetary policy.
Recently, that often-overlooked aspect of the financ]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbns-new-benchmark-rates-and-race-to-modernise-financial-markets/Wed, 17 Jun 2026 04:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbns-new-benchmark-rates-and-race-to-modernise-financial-markets/ Last week, President Bola Tinubu marked three years in office and Nigeria’s maritime sector presents a picture of both progress and unfinished reforms.
Since assuming office, Tinubu has introduced a series of policy initiatives aimed at addressing long-standing challenges that have constrained the growth of the maritime indust]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tinubu-3-maritime-gains-tempered-by-missed-targets-lingering-bottlenecks/Wed, 17 Jun 2026 04:38:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tinubu-3-maritime-gains-tempered-by-missed-targets-lingering-bottlenecks/ The proposed restriction is contained in the National Environmental (Plastic Waste Control) Regula]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/manufacturers-oppose-plastic-ban-warn-of-job-losses-higher-costs/Wed, 17 Jun 2026 04:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/manufacturers-oppose-plastic-ban-warn-of-job-losses-higher-costs/ Represented by the Minister of State for Agriculture and Food Security, Aliyu Sabi Abdullahi at the national launch in Abuja, Shettima described the inter]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/shettima-flags-off-fertiliser-support-for-128930-farmers/Wed, 17 Jun 2026 04:34:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/shettima-flags-off-fertiliser-support-for-128930-farmers/ The National Insurance Commission (NAICOM) has formally returned the management and control of African Alliance Insurance Plc to a newly constituted Board of Directors nominated by the company’s shareholders.
The move is a successful conclusion of an 18-month regulatory intervention that rescued the insurer from severe financial and operational challenges. The handover, which took place during a formal ceremony attended by industry sta]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/naicom-returns-african-alliance-insurance-to-shareholders-after-18-month-regulatory-intervention/Wed, 17 Jun 2026 04:33:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/naicom-returns-african-alliance-insurance-to-shareholders-after-18-month-regulatory-intervention/ The Nigerian Communications Commission (NCC) has commenced a comprehensive review of Mobile Termination Rates (MTR), eight years after the current rates were introduced, citing changing economic realities, technological advancements and shifts in telecommunications traffic patterns.
Speaking at a stakeholders’ engagement in Lagos on Tuesday, the Head of Competition and Tariff at the NCC, Mrs Omotayo Mohammed, said the review became necessary because the existing rates n]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncc-reopens-mobile-termination-rate-review-after-8-years/Wed, 17 Jun 2026 04:32:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncc-reopens-mobile-termination-rate-review-after-8-years/ In January 2026, global industrial software company AVEVA restructured its Middle East and Africa operations, creating a standalone Africa business unit and appointing Khaled Salah as Vice President for Africa.
Since then, Salah has embarked on a strategic mission to deepen the company’s footprint across the continent, with Nigeria emerging as a key focus market.
In this interview with select ICT journalists, Salah discussed AVEVA’s Africa strategy, why Nigeria si]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-nigeria-became-avevas-launchpad-for-africas-digital-revolution/Wed, 17 Jun 2026 04:10:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/how-nigeria-became-avevas-launchpad-for-africas-digital-revolution/ Nigeria’s quest for digital sovereignty received a major boost last week as the Internet Exchange Point of Nigeria (IXPN) and TeleAfrica Communications Limited convened industry stakeholders in Abuja to tackle the country’s alarming internet hosting deficit and strengthen local internet infrastructure.
At the centre of discussions during the two-day BGP Peering Workshop 2026 was a troubling reality that despite being Africa’s largest]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/firms-seek-digital-sovereignty-as-nigeria-hosts-only-22-of-top-websites/Wed, 17 Jun 2026 04:09:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firms-seek-digital-sovereignty-as-nigeria-hosts-only-22-of-top-websites/ Yellow Card, the largest licensed stablecoin-based infrastructure provider operating across more than 50 markets, has been named to Fortune’s inaugural Crypto Innovators list, earning global recognition for its role in advancing digital asset infrastructure and cross-border payments.
The Fortune Crypto Innovators list, published alongside the Fortune Crypto 100, highlights organisations driving innovation across the digital asset ecosystem through advancements in]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/yellow-card-wins-fortune-recognition-for-stablecoin-innovation/Wed, 17 Jun 2026 04:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/yellow-card-wins-fortune-recognition-for-stablecoin-innovation/https://www.newslocker.com/en-ng/news/nigeria-economy-news/brb-capital-group-acquires-amalfi-capital-to-build-regulated-bridge-between-lagos-and-global-markets/Wed, 17 Jun 2026 02:01:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/brb-capital-group-acquires-amalfi-capital-to-build-regulated-bridge-between-lagos-and-global-markets/ The Nigerian Communications Commission (NCC) has commenced a comprehensive review of Mobile Termination Rates (MTR) eight years after the current rates were introduced, citing changing economic realities, technological advancements and shifts in telecommunications traffic patterns.
Speaking at a stakeholders’ engagement in Lagos on Tuesday, the Head of Competition and Tariff at the NCC, Mrs Omotayo Mohammed, said the review had become necessary because the existing rate]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncc-moves-to-review-mobile-termination-rates-after-eight-years/Tue, 16 Jun 2026 18:39:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/ncc-moves-to-review-mobile-termination-rates-after-eight-years/ The Minister of State, Federal Ministry of Budget and Economic Planning, Dr Doris Uzoka-Anite, has reaffirmed President Bola Ahmed Tinubu’s commitment to driving economic development across Nigeria through the Renewed Hope Development Plan, emphasising a bottom-up approach that stimulates economic activities from the ward level to the federal level.
Uzoka-Anite made this known while receiving the management staff of the Federal Character Commission (FCC), led by i]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-designs-development-plan-to-boost-economy/Tue, 16 Jun 2026 17:53:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-designs-development-plan-to-boost-economy/https://www.newslocker.com/en-ng/news/nigeria-economy-news/indigenous-companies-can-build-institutions-that-compete-with-the-very-best-marketsquare-ceo/Tue, 16 Jun 2026 17:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/indigenous-companies-can-build-institutions-that-compete-with-the-very-best-marketsquare-ceo/https://www.newslocker.com/en-ng/news/nigeria-economy-news/digital-postcode-to-transform-commerce-security-cut-delivery-costs-tijani/Tue, 16 Jun 2026 08:45:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/digital-postcode-to-transform-commerce-security-cut-delivery-costs-tijani/https://www.newslocker.com/en-ng/news/nigeria-economy-news/tcn-expresses-concern-over-rising-cases-of-vandalism-in-niger-state/Tue, 16 Jun 2026 08:41:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tcn-expresses-concern-over-rising-cases-of-vandalism-in-niger-state/https://www.newslocker.com/en-ng/news/nigeria-economy-news/revenue-from-vat-cit-falls-6-to-n379trn-in-q126/Tue, 16 Jun 2026 08:31:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/revenue-from-vat-cit-falls-6-to-n379trn-in-q126/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-orders-fintechs-banks-to-localise-payment-data-caps-market-dominance/Tue, 16 Jun 2026 08:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-orders-fintechs-banks-to-localise-payment-data-caps-market-dominance/https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstbank-hits-n1bn-daily-disbursement-on-firstadvance/Tue, 16 Jun 2026 08:20:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstbank-hits-n1bn-daily-disbursement-on-firstadvance/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cardoso-launches-nigerian-overnight-financing-rate/Tue, 16 Jun 2026 08:12:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cardoso-launches-nigerian-overnight-financing-rate/https://www.newslocker.com/en-ng/news/nigeria-economy-news/headline-inflation-rate-in-3rd-consecutive-month-rise-hits-1593/Tue, 16 Jun 2026 08:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/headline-inflation-rate-in-3rd-consecutive-month-rise-hits-1593/ Nigeria’s external trade performance in the first quarter of 2026 offered a positive signal for the economy’s balance of payments position, as stronger export earnings and a moderation in import demand combined to deliver a significant trade surplus.
However, beneath the headline improvement lies a familiar challenge, the country’s external stability remains closely tied to crude oil receipts, highlighting the urgency of accelerating non-oil export growth a]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/charting-non-oil-export-path-to-sustainable-economic-stability/Tue, 16 Jun 2026 04:11:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/charting-non-oil-export-path-to-sustainable-economic-stability/ Nigeria’s value added tax (VAT) collections rose to N2.42 trillion in the first quarter of 2026, with strong growth in local VAT payments emerging as the key driver of the increase, according to the latest data from the National Bureau of Statistics (NBS).
The figure represents a 17.06 percent increase compared with the N2.07 trillion recorded in the corresponding period of 2025, underscoring improved domestic economic activity and enhanced tax administration following]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/domestic-vat-drives-nigerias-q1-tax-collections-to-n242trn/Tue, 16 Jun 2026 04:09:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/domestic-vat-drives-nigerias-q1-tax-collections-to-n242trn/  
Quest Merchant Bank Limited has strengthened its standing in Nigeria’s merchant banking space after GCR Ratings revised its outlook to Stable from Rating Watch Negative, while affirming the bank’s national scale issuer ratings of BBB(NG) and A3(NG).
The ratings action reflects improved confidence in the bank’s financial position, liquidity strength, capital base and growth prospects following a period of ownership transition and strategic repositioni]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/quest-merchant-bank-earns-stable-outlook-from-gcr/Tue, 16 Jun 2026 04:07:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/quest-merchant-bank-earns-stable-outlook-from-gcr/ The figure reflects improved government earnings driven by stronger tax collections and increased oil and gas royalty receipts. The revenue allocation was approved at the May 2026 meeting of the Federation Account Allocation Committee (FAAC) held in Abuja.
A communiqué issued after the meeting showed that the distributable reve]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tax-collections-swell-fg-states-lgas-april-revenue-to-n226trn/Tue, 16 Jun 2026 04:05:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tax-collections-swell-fg-states-lgas-april-revenue-to-n226trn/ The recognition was contained in the 2025 Container Port Performance Index (CPPI), a report jointly produced by the World Bank and S&P Global Market Intelligence, which evaluates container ports]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/world-bank-ranks-apapa-tin-can-among-worlds-most-improved-ports/Tue, 16 Jun 2026 04:04:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/world-bank-ranks-apapa-tin-can-among-worlds-most-improved-ports/ FirstAdvance is a convenient loan offering for salary earners, that enables FirstBank customers to access short-term credit in less than one minute without collateral, enabling customers to convenientl]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstadvance-hits-n1bn-daily-payout-milestone/Tue, 16 Jun 2026 04:02:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/firstadvance-hits-n1bn-daily-payout-milestone/ Speaking during a media briefing in Abuja on Monday to kick off activities marking the organisation’s 20th anniversary, Managing Director and Chief Executive Officer, Professor Ibrahim Adeyanju, said the next phase of Galaxy Backbone’s evolution would focus on maximising existing digital assets to drive innovation, eco]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/gbb-unveils-strategy-to-harness-nigerias-digital-infrastructure/Tue, 16 Jun 2026 04:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/gbb-unveils-strategy-to-harness-nigerias-digital-infrastructure/ The Federal Government has intensified efforts to strengthen Nigeria’s cyber defence architecture ahead of the 2027 general elections, as part of measures to protect critical national infrastructure and safeguard the country’s digital ecosystem from rising cyber threats.
The Managing Director/Chief Executive Officer of Galaxy Backbone Limited, Prof. Ibrahim Adeyanju, disclosed this on Monday in Abuja during a press conference marking the agency’s 20th]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-bolsters-cyber-defence-architecture-ahead-of-2027-elections/Tue, 16 Jun 2026 03:48:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-bolsters-cyber-defence-architecture-ahead-of-2027-elections/ The Agcoms International Trading Limited, an authorised John Deere dealer and partner of the National Agricultural Development Fund (NADF), has noted that expanding access to modern agricultural equipment remains one of the most effective ways to improve farm productivity, strengthen agricultural value chains and make farming more attractive to a new generation of Nigerians.
Its Chief Executive Officer, Okoli Chijioke, in a statement yesterday, commended President Bola Tinub]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nadf-firm-urge-fg-to-embrace-full-scale-mechanisation-to-boost-food-output/Tue, 16 Jun 2026 03:46:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nadf-firm-urge-fg-to-embrace-full-scale-mechanisation-to-boost-food-output/ From Adanna Nnamani, Abuja
The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has said that the country will commence the rollout of its National Digital Alphanumeric Postcode System (NDAPS) in October this year
Tijani disclosed this on Monday in Abuja during a stakeholders’ engagement on the National Digital Alphanumeric Postcode System with the theme, “Operationalising the Nigerian Digital Alphanume]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/insecurity-nigeria-to-begin-digital-postcode-rollout-in-october-minister/Tue, 16 Jun 2026 03:44:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/insecurity-nigeria-to-begin-digital-postcode-rollout-in-october-minister/https://www.newslocker.com/en-ng/news/nigeria-economy-news/cppe-nigerias-manufacturing-sector-still-struggling-after-26-years-of-democracy/Tue, 16 Jun 2026 03:43:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cppe-nigerias-manufacturing-sector-still-struggling-after-26-years-of-democracy/ Xpress Payment Solutions Limited has said expanding financial inclusion and advancing digital payments will remain key priorities as it marks its 10th anniversary, amid growing efforts to deepen access to financial services across Nigeria.
The company will engage key stakeholders at  public lecture on the future of digital payments and financial inclusion, stakeholder engagement sessions, corporate social responsibility (CSR) initiatives as part of activities lined up fo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/financial-inclusion-drive-tops-agenda-as-xpress-payments-clocks-10/Tue, 16 Jun 2026 03:42:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/financial-inclusion-drive-tops-agenda-as-xpress-payments-clocks-10/ The Chairman of the Association of Professional Women Engineers of Nigeria (APWEN), Victoria Island Chapter, Mrs. Nneamaka Ekechukwu, has unveiled a set of initiatives focused on mentorship, corporate partnerships, and]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/female-engineers-seek-leadership-inclusion-talent-retention-in-energy-sector/Tue, 16 Jun 2026 03:40:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/female-engineers-seek-leadership-inclusion-talent-retention-in-energy-sector/ Agriculture experts and social scientists have raised fresh fears over Nigeria’s food security outlook, warning that escalating insecurity and forecasts of severe flooding could significantly reduce crop production across key agricultural belts this year.They noted that the twin threats are already discouraging farming activities]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/worsening-insecurity-flood-threat-may-trigger-nationwide-food-crisis-experts-warn/Tue, 16 Jun 2026 03:37:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/worsening-insecurity-flood-threat-may-trigger-nationwide-food-crisis-experts-warn/ Minister of State for Agriculture and Food Security, Aliyu Sabi Abdullahi, who inaugurated a Technical Working Group (TWG) on Agricultural Produce Residue Standards, yesterday in Abuja, charged the members to come up with a solution to the problem.Abdul]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-plans-fresh-strategy-to-boost-export-quality-curb-rejections/Tue, 16 Jun 2026 03:36:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-plans-fresh-strategy-to-boost-export-quality-curb-rejections/ Speaking during a bid opening ceremony in Jalingo, the State Project Coordinator, Hananiah Albert, said the project is committed to engaging qualified contractors to execute the World Bank-supported initiatives.
Albert, who was represented by the project’s ICT and Communications]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/taraba-commences-livestock-infrastructure-upgrade/Tue, 16 Jun 2026 03:35:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/taraba-commences-livestock-infrastructure-upgrade/ The financing, extended to GreenView Fertilizer Corporation (Greenview), the Dangote Fertiliser Holding Company, will partly fund the expansion of urea production capacity in Nigeria as w]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-expects-over-4bn-annual-forex-earnings-from-fertiliser-exports/Tue, 16 Jun 2026 03:30:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/dangote-expects-over-4bn-annual-forex-earnings-from-fertiliser-exports/ NLNG has defended its periodic review of Liquefied Petroleum Gas (LPG) off-takers, saying the exercise is aimed at ensuring efficient distribution of cooking gas to consumers across the country.
NLNG’s clarification comes amid concerns from some stakeholders in the LPG sector over the recent delisting of certain off-takers, a development that marketers have argued contributed to supply disruptions in parts of the market.
Despite the concerns, NLNG maintained that its do]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cooking-gas-crisis-nlng-to-inject-500000-mt-into-market-defends-off-taker-review/Tue, 16 Jun 2026 03:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cooking-gas-crisis-nlng-to-inject-500000-mt-into-market-defends-off-taker-review/ The Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Oye, has condemned the International Monetary Fund’s (IMF) recommendation that the Nigerian government imposes new taxes on petroleum products and telecommunications services, arguing that such insensitive measures would further cripple businesses and deepen hardship for over 140 million poor Nigerians.
In a statement, Oye insisted that Nigeria has the ability to grow its revenue without introducing ad]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/imfs-proposed-telecoms-petrol-taxesll-cripple-businesses-deepen-hardship-oye/Tue, 16 Jun 2026 03:27:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/imfs-proposed-telecoms-petrol-taxesll-cripple-businesses-deepen-hardship-oye/ According to the latest Consumer Price Index (CPI) report yesterday the headline inflation slowed on a month-on-month basis 1.75 per cent in May from 2.13 per cent recorded in April, indicating that prices continued to rise but at a slower pace.
But on a year-on-year basis, inflation stood at 15.93 per cent compared w]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/inflation-hit-1593-in-may-nbs/Tue, 16 Jun 2026 03:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/inflation-hit-1593-in-may-nbs/ The event, held on Providence Street, Lekki Phase 1, Lagos, on June 11, drew senior banking professionals, marketing and corporate communications executives, and past and present leader]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/acamb-celebrates-30-years-with-sustainability-campaign/Tue, 16 Jun 2026 03:25:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/acamb-celebrates-30-years-with-sustainability-campaign/ The Association of Telecommunications Companies of Nigeria (ATCON) has intensified efforts to address the challenges hindering fibre broadband deployment across the country, with the Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, set to lead discussions at a high-level industry forum in Lagos.
ATCON announced that Maida will deliver the keynote address at its Critical Conversation Forum on Fibre-to-the-Hom]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/atcon-ncc-rally-stakeholders-to-tackle-fibre-deployment-challenges/Mon, 15 Jun 2026 19:06:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/atcon-ncc-rally-stakeholders-to-tackle-fibre-deployment-challenges/ The Central Bank of Nigeria (CBN) on Monday formally launched the Nigerian Overnight Financing Rate (NOFAR), a landmark financial market reform designed to strengthen monetary policy transmission, improve transparency, and deepen the country’s financial markets.
Speaking at the launch ceremony in Abuja, CBN Governor, Mr. Olayemi Cardoso, described the introduction of NOFAR as a significant milestone in the nation’s ongoing financial sector transformation an]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-unveils-nofar-to-deepen-financial-markets-boost-transparency/Mon, 15 Jun 2026 18:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/cbn-unveils-nofar-to-deepen-financial-markets-boost-transparency/ The federal government has initiated plans to address recurring export rejections of Nigerian agricultural commodities due to non-compliance with Maximum Residue Limits (MRLs) and other sanitary and phytosanitary requirements.
Minister of State for Agriculture and Food Security Aliyu Sabi Abdullahi, who inaugurated a Technical Working Group (TWG) on Agricultural Produce Residue Standards yesterday in Abuja, charged the members to come up with a solution to the problem.
Abdu]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-kicks-moves-to-curb-rejection-of-exported-commodities/Mon, 15 Jun 2026 17:44:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-kicks-moves-to-curb-rejection-of-exported-commodities/ Data released by the National Bureau of Statistics (NBS) on Monday showed that headline inflation increased to 15.93 per cent in May from 15.69 per cent in April. However, the figure remained significantly lower than the 26.06 per cent recorded in May 2025.
“On a year-on-year basis, the He]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-inflation-rises-to-1593-amid-surge-in-food-prices/Mon, 15 Jun 2026 16:47:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/nigerias-inflation-rises-to-1593-amid-surge-in-food-prices/ A delegation of European diplomats has explored the growing potential of Kannywood to create jobs, develop skills, and drive social change across northern Nigeria, highlighting the creative industry’s role in youth empowerment and economic development.
The delegation, led by the European Union (EU) Ambassador to Nigeria and ECOWAS, Gautier Mignot, visited Kano Film Village to gain first-hand insight into how the Hausa-language film industry is contributing to employme]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/eu-team-explores-kannywoods-job-creation-potential/Mon, 15 Jun 2026 13:14:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/eu-team-explores-kannywoods-job-creation-potential/ The Executive Director of Tax Justice Network Africa (TJNA), Chenai Mukumba, on Monday urged civil society, the media and academics across the continent to deepen their engagement on tax policy as geopolitical instability and technological change push resource mobilisation to the top of national agendas.
Speaking at the opening of the International Tax Justice Academy (ITJA) intermediate training course aimed at strengthening civil society organisation]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/tjna-chief-urges-public-to-join-tax-justice-fight-as-ai-geopolitics-reshape-finance-debate/Mon, 15 Jun 2026 11:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/tjna-chief-urges-public-to-join-tax-justice-fight-as-ai-geopolitics-reshape-finance-debate/https://www.newslocker.com/en-ng/news/nigeria-economy-news/3-years-of-tinubu-manufacturers-yet-to-see-policies-translate-into-industrial-growth-man/Mon, 15 Jun 2026 04:00:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/3-years-of-tinubu-manufacturers-yet-to-see-policies-translate-into-industrial-growth-man/ •CPPE urges FG to address key economic problems
By Chinwendu Obienyi
While President Bola Tinubu has defended his administration’s economic reforms as necessary measures that have restored stability and credibility to economic management, businesses and households across the country continue to grapple with the harsh realities of rising costs, weakened purchasing power and declining living standards.
In his Democracy Day address]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/businesses-households-puncture-tinubus-economic-stability-claims/Mon, 15 Jun 2026 03:28:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/businesses-households-puncture-tinubus-economic-stability-claims/ According to]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-to-fg-introduce-telecom-fuel-taxes-to-boost-revenue/Mon, 15 Jun 2026 03:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/imf-to-fg-introduce-telecom-fuel-taxes-to-boost-revenue/ One of Nigeria’s leading commercial airline operators, United Nigeria Airlines, has signed a Memorandum of Understanding with the government of the Republic of Guinea-Bissau to establish a national airline for the African country named AIR BISSAU.The agreement, signed  at the capital Bissau, marks the beginning of what both parties have described as a pivotal partnership that would improve Guinea-Bissau’s connectivity with the rest of the continent and the world]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/guinea-bissau-seals-deal-with-united-nigeria-airlines-to-launch-national-carrier/Mon, 15 Jun 2026 03:26:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/guinea-bissau-seals-deal-with-united-nigeria-airlines-to-launch-national-carrier/ In a Democracy Day message personally signed by him, Green-Amakwe urged Abians to celebrate not only Nigeria’s democratic journey but also what he described as the remarkable transformation taking place in the state sinc]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/otti-has-ushered-in-new-era-of-economic-growth-in-abiaaide/Mon, 15 Jun 2026 03:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/otti-has-ushered-in-new-era-of-economic-growth-in-abiaaide/https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-revenue-low-production-undermines-benefits-of-high-crude-oil-prices/Mon, 15 Jun 2026 03:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/oil-revenue-low-production-undermines-benefits-of-high-crude-oil-prices/ The Head of Research, Sea and Empowerment Research Centre (SEREC), Dr Eugene Nweke, has called on the Federal Government to strengthen border management and inter-agency collaboration to address the persistent insecurity in the country.
He said that enhanced border management would address the proliferation of small arms and light weapons, which remained one of the greatest threats to peace and stability in Nigeria.
Nweke made the call in an open letter to President Bola Tinubu d]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-urged-to-improve-border-security-to-tackle-insecurity-arms-proliferation/Mon, 15 Jun 2026 03:24:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fg-urged-to-improve-border-security-to-tackle-insecurity-arms-proliferation/ The Executive Secretary of the Nigerian Shippers’ Council (NSC), Dr. Pius Akutah, has stressed the need for Nigeria to prioritise green port initiatives and sustainable maritime practices to remain competitive in the evolving global shipping industry.
Akutah made the assertion recentlyin a goodwill message delivered at a workshop organised by the Shipping Correspondents’ Association of Nigeria (SCAN) with the theme, “Green Ports: Sustainable Practices for Dockwo]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/green-ports-key-to-global-competitiveness-shippers-council/Mon, 15 Jun 2026 03:21:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/green-ports-key-to-global-competitiveness-shippers-council/ The Chairman of Optiva Capital Partners, Franklin Nechi, disclosed this during an interactive session with business editors, where he outlined the company’s vision of combining commercial success with social impact.
Nechi said Optiva is increasingly looki]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/optiva-capital-targets-wealth-growth-global-access-for-africans/Mon, 15 Jun 2026 03:19:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/optiva-capital-targets-wealth-growth-global-access-for-africans/ The financial services group announced in its audited 2025 results and unaudited first-quarter 2026 performance that profit before tax increased by 81 per cent to]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-group-profit-climbs-to-n202bn-posts-n87bn-q1-earnings/Mon, 15 Jun 2026 03:18:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/fcmb-group-profit-climbs-to-n202bn-posts-n87bn-q1-earnings/ The Nigerian Ports Authority (NPA) disclosed that the ships are currently being handled at the Apapa, Lekki and Tin-Can Island ports.
According to the authority, the vessels are laden with a wide range of cargoes, including petroleum products, food items and industrial raw materials critical]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/24-ships-discharge-fuel-food-other-cargoes-at-lagos-ports/Mon, 15 Jun 2026 03:17:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/24-ships-discharge-fuel-food-other-cargoes-at-lagos-ports/https://www.newslocker.com/en-ng/news/nigeria-economy-news/food-industry-on-brink-as-rising-costs-forex-crisis-trigger-mass-layoffs/Mon, 15 Jun 2026 03:16:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/food-industry-on-brink-as-rising-costs-forex-crisis-trigger-mass-layoffs/ ​Officially unveiled at the EDC headquarters in Lagos, SparkLab bridges the gap between idea generation and market success for innovation-driven entrepreneurship.
​Speaking at]]>https://www.newslocker.com/en-ng/news/nigeria-economy-news/edc-equinix-foundation-plan-1-year-incubation-programme-for-tech-startups/Mon, 15 Jun 2026 03:15:00 +0200https://www.newslocker.com/en-ng/news/nigeria-economy-news/edc-equinix-foundation-plan-1-year-incubation-programme-for-tech-startups/