The Nigerian Exchange Limited (NGX) closed Thursday’s trading session in the red, as widespread sell-offs in mid- and large-cap stocks led to a loss of N274 billion in market value. …
Trade and Commerce
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Banking, Finance & InvestmentBusinessEconomyINVESTMENTMarketsNigeriaTrade and Commerce
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DevelopmentEconomyGOVERNMENTInfrastructureManufacturingPoliciesTrade and Commerce
FG to Establish Industrial Hubs in Kano, Abia, Lagos, and Ogun to Boost Nigeria’s Manufacturing Sector
The Federal Government of Nigeria has announced plans to establish industrial hubs in Kano, Abia, Lagos, and Ogun states as part of its strategy to drive economic transformation and industrialisation …
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BusinessEconomyGOVERNMENTInnovationManufacturingNigeriaTrade and CommerceTransportation & Logisitics
Nigerian Auto Dealers Cry Out as Car Prices Soar and Sales Crash
The Nigerian automotive industry is in crisis, with dealers lamenting the near-collapse of car sales due to soaring vehicle prices and lack of supportive government policies. Automobile dealers say prices …
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AfricaAgricultureBusinessDevelopmentEconomyGOVERNMENTManufacturingTrade and Commerce
FG to Launch Industrial Hubs in Kano, Abia, Lagos, and Ogun to Drive Full-Scale Industrialisation
The Federal Government has announced plans to establish new industrial hubs in four states as part of a broader strategy to boost Nigeria’s economy through manufacturing and innovation. This was …
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CrimeHealthcareNigeriaSecurityTrade and CommerceTransportation & Logisitics
Customs Intercepts Stolen Lexus Cars, Codeine, Fake Drugs Worth N3.2bn at Apapa Port
The Nigeria Customs Service (NCS), Apapa Area Command, has intercepted two stolen Lexus cars from Canada and six containers filled with prohibited items, including unregistered drugs, codeine syrup, used clothes, …
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BusinessBusiness PoliciesEconomyGOVERNMENTInternational RelationsNigeriaTrade and Commerce
FG, Nigeria-China Partnership Set to Boost Mining and Automotive Sectors Under Renewed Hope Agenda
The Federal Government of Nigeria has reaffirmed its commitment to transform the country’s economy by focusing on the mining and automotive industries as major drivers of industrial development. This was …
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EconomyGOVERNMENTHealthcareInternational RelationsNigeriaSecurityTrade and Commerce
Customs Intercepts N3.2 Billion Worth of Codeine, Cosmetics, and Contraband at Lagos Port
The Apapa Area Command of the Nigeria Customs Service (NCS) has intercepted a significant shipment of illicit pharmaceuticals and other contraband goods valued at approximately N3.2 billion. The seizure, which …
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EconomyEnergyFinance & ServicesLeadershipMarketsPoliticsSouth AfricaTrade and Commerce
Rand Holds Firm as Ramaphosa-Trump Meeting Overshadows South Africa’s 2025 Budget
South Africa’s currency, the rand, remained largely stable on Thursday despite political tension triggered by a controversial encounter between President Cyril Ramaphosa and U.S. President Donald Trump, which took the …
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AfricaBusinessDevelopmentEconomyInfrastructureINVESTMENTNigeriaTrade and CommerceTransportation & Logisitics
APM Terminals Calls for Stronger Public-Private Partnerships to Boost Infrastructure and Growth in Africa
APM Terminals has said that Africa can only achieve lasting infrastructure, inclusive job creation, and sustainable economic growth through strong partnerships between government and private companies. This was the main …
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AfricaAgricultureDevelopmentEnvironmentFood ProductionPoliciesTrade and CommerceWestern Africa
Africa’s Climate Crisis Threatens Europe’s Food Security, Says Report
Climate change and biodiversity loss are severely affecting agricultural production across Africa, raising serious concerns about food security not just on the continent but also in Europe, which heavily depends …