The Niger Delta Chambers of Commerce, Industry, Trade, Mines, and Agriculture (NDCCITMA) has unveiled plans to attract up to $5 billion in investment to generate more than 500,000 jobs across the Niger Delta region. The Board Chairman of NDCCITMA, Idaere Ogan, disclosed this during a media briefing with journalists on Monday in Port Harcourt, ahead…
By Seun Ibiyemi Moniepoint Inc. has acquired Orda Africa as part of its strategy to deepen its footprint in Africa’s fast-growing food service industry, estimated to be worth about $50 billion. Orda, a cloud-based restaurant management platform operating in Nigeria, will be integrated into Moniepoint’s Moniebook platform an all-in-one point-of-sale and business management solution launched…
By Seun Ibiyemi The Nigerian Shippers’ Council (NSC) has directed Mediterranean Shipping Company (MSC) to suspend the implementation of its newly introduced shipping tariff, as concerns mount within Nigeria’s maritime sector over the proposed charges. In a letter dated March 23, 2026, titled “Re: Suspension of Tariff Approval” with reference number MSC/RSD/M4/044/VOL/124, the Council instructed…
By Adeyemi David Governor Seyi Makinde of Oyo State has approved a N10,000 monthly transportation support allowance for civil servants in the state as part of measures to cushion the impact of rising living costs. Makinde announced the initiative on Monday while supervising the YEAP-SAFER support disbursement and stakeholder engagement programme at the Fashola Agribusiness…
…warns of economic risks By Seun Ibiyemi The Shipping Correspondents Association of Nigeria (SCAN) has expressed concern over delays in the renewal of port concession agreements in Nigeria, warning that the development poses significant risks to the maritime sector and the broader economy. In a statement issued on Sunday in Lagos, and signed by its…
By Seun Ibiyemi FCMB has raised the alarm over a growing number of ATM card swap incidents, urging customers to remain vigilant while carrying out transactions. In a customer advisory, the bank said fraudsters are increasingly adopting tactics that involve distracting ATM users and secretly exchanging their cards during transactions, leading to unauthorized withdrawals and…
By Seun Ibiyemi The transformation of water transportation in Lagos is increasingly tied to the leadership approach of Oluwadamilola Emmanuel, whose tenure as General Manager of the Lagos State Waterways Authority (LASWA) reflects a shift from regulatory inertia to proactive system-building. At the core of Emmanuel’s strategy is a deliberate repositioning of waterways as a…
By Seun Ibiyemi President Bola Tinubu has called on state governors to strengthen collaboration in tackling insecurity across the country, pledging increased international support to boost Nigeria’s security architecture. The President made the call on Sunday in Lagos while receiving governors who paid the traditional Eid-el-Fitr homage, led by Vice-President Kashim Shettima. Tinubu stressed that…
By Seun Ibiyemi The Securities and Exchange Commission (SEC) and the National Youth Service Corps (NYSC) have partnered to tackle the growing threat of Ponzi schemes in Nigeria through a new Community Development Service (CDS) programme targeting corps members. The collaboration, sealed through a Memorandum of Understanding (MoU), is aimed at equipping young Nigerians with…
… Calls for merger of Ministries of Petroleum and Power into Ministry of Energy By Seun Ibiyemi The Nigeria Labour Congress (NLC) has rejected a proposed N6 trillion bailout for power generation companies, arguing that repeated financial interventions have failed to deliver improved electricity supply across the country. NLC President, Joe Ajaero, made the position…
