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Business · The Punch ·FG to demolish, reconstruct Carter bridge in Lagos with N548.98bn
The Federal Government of Nigeria has announced plans to demolish and reconstruct the Carter Bridge in Lagos State. The project is estimated to cost approximately N548.98 billion. This infrastructure initiative is designed to upgrade the historic bridge to meet current safety standards and improve traffic flow within the metropolitan area.
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Business · Daily Post ·One transaction can ruin your business – EFCC warns fintech CEOs
The Economic and Financial Crimes Commission has cautioned chief executive officers of fintech companies about the risks of illicit transactions. The agency emphasized that a single fraudulent deal could jeopardize an entire business operation, urging executives to maintain strict compliance with regulatory standards to prevent financial crimes.
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Business · Vanguard ·FG resolves 20-year MM2 dispute, approves aircraft leasing firm – Keyamo
The Nigerian Federal Government has settled a twenty-year dispute regarding the Murtala Muhammed Airport Terminal 2 in Lagos. Aviation Minister Festus Keyamo announced the resolution alongside the federal approval for a new aircraft leasing firm intended to provide local airlines with better access to equipment and financial support.
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Business · BusinessDay ·Niger to establish carbon market office, eyes climate action leadership
Niger plans to establish a carbon market office to advance its climate action goals and position itself as a regional leader in environmental sustainability. The initiative involves creating a structured framework for carbon credit trading to attract investments and support ecological preservation efforts within the state.
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Business · The Punch ·
Anambra hails new fun city as key driver of tourism, economy
The Anambra State government has welcomed the launch of a new recreational facility, positioning it as a major contributor to the state's tourism and economic sectors. Officials believe the project will drive local investment and enhance the hospitality industry as part of broader development efforts within the region.
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Business · Premium Times ·FG moves to end long-running MMA2 dispute with Bi-Courtney after 20 years
The Federal Government of Nigeria has initiated steps to resolve a twenty-year legal and contractual dispute with Bi-Courtney Aviation Services Limited regarding the Murtala Muhammed Airport Terminal 2 in Lagos. This move aims to conclude long-standing disagreements over the concession agreement and foster a more collaborative relationship within the country's aviation sector.
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Business · BusinessDay ·DBN announces N8.5bn dividend, MSME lending reaches N1.4tn, jobs hit 1.6m
The Development Bank of Nigeria has declared a dividend of N8.5 billion after its lending to micro, small, and medium enterprises reached N1.4 trillion. This financial support has reportedly contributed to the creation of 1.6 million jobs, highlighting the bank's impact on Nigerian small businesses and the broader national economy.
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Business · BusinessDay ·Glo commends Nigerian Workers on May Day
Globacom, a leading Nigerian telecommunications operator, has extended its commendations to the nation's workforce in celebration of May Day. The company acknowledged the contributions of employees across various sectors to the economic growth and development of the country, emphasizing the importance of their dedication to national progress.
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Business · The Punch ·
Displaced Benue residents reject allocation of farmlands to mining firm
Internally displaced persons in Benue State have expressed opposition to the allocation of their ancestral farmlands to a private mining company. The affected residents contend that the decision further threatens their livelihoods, as they rely on the land for sustenance while already dealing with the challenges of displacement.
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Business · The Punch ·
FG, Bi-Courtney resolve 20-year MM2 dispute
The Federal Government of Nigeria and Bi-Courtney Aviation Services Limited have settled a legal dispute over the Murtala Muhammed Airport Terminal 2 that lasted for twenty years. This resolution concludes long-standing disagreements regarding the concession agreement and aims to facilitate smoother operations within the nation's aviation sector through renewed cooperation.
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Business · Premium Times ·Traders cry out as curfew in Adamawa cripples inter-state trade
Traders in Adamawa State are expressing concerns over a curfew that has significantly hindered inter-state commercial activities. The movement restrictions have disrupted the transport of goods and services, leading to financial losses for business owners who rely on cross-border trade. Local commerce remains stalled as stakeholders call for measures to address the economic impact.
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Business · BusinessDay ·Champion Breweries revenue surges 69% as Bullet acquisition marks new growth phase
Champion Breweries reported a 69 percent revenue increase, marking a new growth phase following the acquisition of Bullet. The brewery's financial surge highlights its expanding operations and strategic repositioning in the Nigerian market as it integrates the newly acquired brand to enhance overall business performance and revenue streams.
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Business · The Punch ·
Osun allocates land to 12 new industries, targets 10,000 jobs
The Osun State government has allocated land to twelve new industries as part of an initiative to boost economic growth. This strategic move aims to create approximately 10,000 employment opportunities for residents, reflecting the administration's commitment to industrialization and reducing the unemployment rate within the state.
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Business · Vanguard ·FEC approves $2.9bn rail projects for Lagos, Kano, Kaduna – Oyedele
The Federal Executive Council has approved rail construction projects valued at $2.9 billion. These infrastructure developments are set to connect Lagos, Kano, and Kaduna states. The announcement was made by Oyedele, highlighting the government's commitment to enhancing national transportation networks through significant financial investments in the railway sector.
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Business · PM News ·Lagos unveils industrial policy, targets Africa’s manufacturing leadership
Lagos State has launched a new industrial policy designed to position the region as a leader in Africa’s manufacturing sector. The initiative aims to drive economic growth and enhance industrialization efforts within the state, as the government seeks to establish Lagos as a primary hub for production and trade across the continent.
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Business · Leadership News ·
Customs Engages UAE To Deepen Trade Ties
The Nigeria Customs Service has initiated discussions with the United Arab Emirates to strengthen bilateral trade relations. This engagement aims to streamline customs procedures and foster economic cooperation between the two nations, potentially enhancing cross-border commerce and improving regulatory efficiency within the international trade sector.
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Business · BusinessDay ·NUPRC backs Ingentia Energies as model for local upstream participation
The Nigerian Upstream Petroleum Regulatory Commission has endorsed Ingentia Energies as a leading example for indigenous involvement in the country's upstream oil and gas sector. This move highlights the regulator's commitment to fostering local capacity and sustainable growth within the industry through strategic support for domestic energy firms.
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Business · Premium Times ·Africa Re and insurance consortium lead launch of Sub-Saharan Africa’s first parametric flood insurance
Africa Re and a consortium of insurance partners have launched Sub-Saharan Africa’s first parametric flood insurance solution. This initiative aims to provide rapid financial payouts based on specific flood triggers, enhancing disaster resilience across the region. The launch signifies a major shift in managing climate-related risks within the African insurance and financial services sector.
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Business · Daily Post ·Your safety is non-negotiable – Gov Abiodun unveils e-waste-to-wealth strategy
Governor Abiodun has launched a new initiative aimed at transforming electronic waste into economic resources. The strategy prioritizes public safety while promoting sustainable waste management and wealth creation. This environmental program seeks to address the challenges of discarded electronics through a structured recycling framework intended to benefit the state economy.
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Business · Leadership News ·
Group Alleges Plot By Ogoni Leaders To Halt Oil Operations
A group has raised concerns regarding an alleged plan by certain Ogoni leaders to disrupt oil operations within their region. The allegations suggest a coordinated effort to halt production activities, potentially impacting national revenue and regional stability. Local authorities have been urged to intervene to prevent any interruptions to the petroleum sector.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.