Economy

APM Terminals has restated its readiness to invest $500 million to expand its operations in Nigeria, as part of efforts to boost the country’s maritime industry and improve port efficiency. …

Temile Development Company Limited (TDC), a Nigerian firm, has announced a major boost in its investment in the country’s gas sector. The company now has over $450 million worth of …

The Central Bank of Nigeria (CBN) has announced that personal remittances into Nigeria rose to $20.93 billion in 2024, representing an 8.9% year-on-year increase. This was revealed in a statement …

The National Pension Commission (PenCom) has disclosed that a total of ₦5.51 trillion from Nigeria’s pension funds has been invested into key sectors of the economy to support long-term development …

Nigeria’s oil and gas industry has recorded a major milestone as local fabrication capacity has now surpassed national demand, allowing Nigerian companies to offer fabrication services to other African countries …

The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin paying the first tranche of liquidation dividends to depositors of Heritage Bank before the end of April 2025. …

The Federal Executive Council (FEC) has ordered the full implementation of the Naira-for-Crude agreement between the Federal Government and local oil refiners, a move aimed at strengthening Nigeria’s local refining …

Many Nigerians are still groaning over the high cost of transportation despite the recent drop in fuel pump prices and the introduction of Compressed Natural Gas (CNG) as an alternative …

The Nigeria Customs Service, Seme Area Command, has reported significant activities in export and revenue generation for the first quarter of 2025. According to the Area Controller of the command, …

The National Association of Nigeria Travel Agencies (NANTA) is getting ready to tackle major issues facing the aviation and travel industry in Nigeria. This time, the focus is on problems …