The African Shipowners Association has said that the disbursement of the Cabotage Vessels Finance Fund (CVFF) at a single-digit interest rate would bring massive growth opportunities for Nigeria’s maritime industry. …
Radarr Africa
- EconomyFinance & ServicesNigeriaTransportation & Logisitics
BUA Cement Plc has posted a revenue of N290.8bn for the first quarter ended March 31, 2025, marking a massive increase of 80.5 per cent compared to the N161.1bn it …
- AgricultureBusinessEconomyNigeriaTrade and Commerce
US report calls out Nigeria’s trade barriers, port corruption
The United States government has criticised Nigeria for delaying the approval of import permits for American agricultural products. In its 2025 National Trade Estimate Report on Foreign Trade Barriers, the …
- BusinessEconomyNewsNigeria
Private Sector Warns Nigerian Businesses to Revise 2025 Plans Amid Tariff War, Insecurity
Private sector leaders have warned Nigerian businesses to urgently review their 2025 plans, saying the economic outlook has worsened due to global instability and rising insecurity within the country. They …
- Banking, Finance & InvestmentBusinessNigeria
Nigeria’s Top 10 Banks Pay N987.40bn Corporate Tax in 2024
Ten of Nigeria’s commercial banks have collectively remitted a total of N987.40bn in corporate income tax to the Federal Government for the 2024 financial year, according to their financial statements …
Lafarge Africa Plc has kicked off 2025 on a strong note, posting a massive 837 per cent rise in profit after tax to N48.64bn for the first quarter, up from …
- EconomyFinance & ServicesINVESTMENTMarkets
Nigeria Begins Talks to Rejoin JPMorgan Bond Index After 10 Years
Nigeria has officially opened discussions with JPMorgan to re-enter its Government Bond Index for Emerging Markets (GBI-EM), almost a decade after being delisted. The Director-General of the Debt Management Office …
Members of the Organised Private Sector (OPS) have expressed fears that Nigeria’s rising inflation could kill the chances of reducing the country’s high interest rate. According to the National Bureau …
- BusinessEconomyGOVERNMENTINVESTMENTPolicies
107 Companies Invest N2.53tn in Nigerian Economy, Secure Tax Exemptions
The Federal Government has disclosed that 107 companies invested a total of N2.53tn into the Nigerian economy before qualifying for their tax exemption approvals. The companies made these investments across …
- AfricaDevelopmentEconomyGOVERNMENTInternational Relations
Senator Jimoh Ibrahim Urges World Bank, IMF to Prioritise Data for Africa’s Growth
The senator representing Ondo South and Chairman of Global Fleet Group, Jimoh Ibrahim, has stressed the need for Africa to embrace data-driven development to boost its economy and governance. Speaking …