February, 2026 BusinessPointer.com.ng BusinessPointer.com.ng Page 22

Nigeria Customs launches One-Stop-Shop platform to cut clearance time, boost trade efficiency

Business Pointer Admin9 months ago9 months ago04 mins

The Nigeria Customs Service (NCS) has launched a new One-Stop-Shop (OSS) platform aimed at streamlining cargo clearance, reducing bureaucratic bottlenecks, and strengthening transparency in border management. Speaking at the stakeholders’ engagement held at the Marriott Hotel in Lagos on Friday, Comptroller-General of Customs, Bashir Adewale Adeniyi, said the initiative represents a decisive step toward coordinated,…

US proposes sanctions on Former Kano Governor Kwankwaso over religious freedom concerns

Business Pointer Admin9 months ago9 months ago03 mins

Former governor of Kano State, Rabiu Musa Kwankwaso may face targeted U.S. sanctions, including visa restrictions and asset freezes, under a proposed bill aimed at holding Nigerian individuals and groups accountable for alleged violations of religious freedoms. The legislation, known as the Nigeria Religious Freedom and Accountability Act of 2026, was introduced on Tuesday by…

Umahi urges National Assembly to back N7trn bond to complete NNPCL road

Business Pointer Admin9 months ago9 months ago06 mins

By Adeyemi David Minister of Works, Sen. David Umahi, has called on the National Assembly to support President Bola Tinubu in raising N7 trillion through bonds to fund the completion of road projects previously handled by the Nigerian National Petroleum Company Limited (NNPCL). Umahi made the appeal on Wednesday in Abuja while defending the ministry’s…

FG begins rehabilitation, expansion of Lagos-Ota-Abeokuta express road

Business Pointer Admin9 months ago9 months ago03 mins

The Federal Government has commenced the full rehabilitation and expansion of the Lagos-Ota-Abeokuta Road, a critical traffic corridor in Lagos State, with authorities projecting completion within four months. The Federal Controller of Works in Lagos State, Mr. Olufemi Dare, disclosed this on Wednesday while briefing journalists at the project site, noting that the road spans…

Ecobank launches business app to drive SME growth in Nigeria

Business Pointer Admin9 months ago9 months ago03 mins

Ecobank Nigeria has introduced the Ecobank Business App, a digital banking platform aimed at supporting the growth and sustainability of Small and Medium Enterprises (SMEs) across the country. The new application enables business owners to manage payments, track transactions, monitor cash flow, and conduct daily financial operations directly from their mobile devices, helping to eliminate…

Stock market gains N881bn as buying interest boosts investor confidence

Business Pointer Admin9 months ago9 months ago04 mins

The Nigerian stock market extended its bullish run on Wednesday, adding N881 billion to investors’ wealth as renewed buying interest in key equities strengthened overall market sentiment. The surge was driven by increased demand for large- and mid-cap stocks, including Meyer, Nestlé Nigeria, Fortis Global Insurance, Consolidated Hallmark Holdings, and Zichis Agro Allied Industries, alongside…

Dangote Refinery returns full throttle, targets 75m litres daily supply

Business Pointer Admin9 months ago9 months ago04 mins

Dangote Petroleum Refinery has announced a significant operational milestone following the full restoration and optimisation of its Crude Distillation Unit and Motor Spirit production block, a development that reinforces steady output at Africa’s largest oil refining complex. The company confirmed that both units, which recently underwent scheduled maintenance, are now operating at peak efficiency. To…

Solewant GCEO calls for robust local content to drive Africa’s energy industrialisation

Business Pointer Admin9 months ago9 months ago03 mins

The Group Chief Executive Officer (GCEO) of Solewant Group, Solomon Ewanehi has issued a compelling call for African nations to prioritize local content as the cornerstone of energy security and industrialization. Speaking at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) 2026 in Lagos, Ewanehi argued that a nation’s development is inextricably linked to…

Oil Production: Nigeria misses target for sixth consecutive month as output drops

Business Pointer Admin9 months ago9 months ago02 mins

Nigeria failed to meet its assigned crude oil production quota for the sixth month in a row, according to the latest report from the Organisation of the Petroleum Exporting Countries (OPEC). The OPEC monthly report, released on Wednesday, showed that Nigeria’s crude oil output fell to 1.478 million barrels per day (bpd) in January 2026,…

Panic as Arik Air flight makes emergency diversion to Benin after engine anomaly

Business Pointer Admin9 months ago9 months ago03 mins

By Adeyemi David Passengers aboard an Arik Air Boeing 737-7GL flight from Lagos to Port Harcourt experienced a tense moment on Wednesday after the aircraft reported an in-flight engine anomaly and was forced to divert to Benin Airport, according to the Nigerian Safety Investigation Bureau (NSIB). The NSIB, in a statement signed by its Director…