May, 2026 BusinessPointer.com.ng BusinessPointer.com.ng Page 4

REA signs MoUs with NCX, young innovators to boost clean energy, food security

Business Pointer Admin5 months ago5 months ago04 mins

By Seun Ibiyemi The Rural Electrification Agency (REA) has signed two major Memoranda of Understanding (MoUs) with the Nigerian Commodity Exchange and the Young Innovators of Nigeria aimed at accelerating Nigeria’s clean energy transition, strengthening agro-industrial productivity, and driving innovation-led economic development. The agreements, according to the agency, reflect REA’s expanding role beyond electricity access,…

NRC raises fresh alarm over coordinated railway vandalism in Plateau, Bauchi

Business Pointer Admin5 months ago5 months ago04 mins

By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has raised serious concern over renewed and coordinated attacks on railway infrastructure in parts of the country. This followed fresh incidents of vandalism recorded in Plateau and Bauchi States. The Corporation described the disturbing development as a direct attack on critical national infrastructure, and an affront on…

Tinubu accepts APC ticket, says Nigeria must not return to ‘visionless politics’

Business Pointer Admin5 months ago5 months ago05 mins

By Sodiq Adelakun President Bola Ahmed Tinubu has accepted his nomination as the presidential candidate of the All Progressives Congress (APC) for the 2027 general election, declaring that Nigeria must not be handed over to politicians without a clear alternative vision. Tinubu spoke on Sunday at the Bola Ahmed Tinubu International Conference Centre in Abuja…

Naira strengthens slightly but ends week mixed as FX rates hover within narrow band

Business Pointer Admin5 months ago04 mins

By Seun Ibiyemi The Nigerian naira closed the trading week ended May 22, 2026, with a mixed but largely stable performance across the foreign exchange market, as improved liquidity and continued policy support helped reduce extreme volatility, even though underlying demand pressures persisted. Data from trading activities across the official and parallel markets showed that…

Dangote Refinery deserves protection against import liberalisation – CPPE

Business Pointer Admin5 months ago04 mins

By Seun Ibiyemi The Centre for the Promotion of Private Enterprise has defended the Dangote Refinery against growing calls for unrestricted importation of petroleum products, warning that such a policy could undermine Nigeria’s industrialisation ambitions and weaken local refining investments. In a statement titled “Import Liberalisation and the Risks of Deindustrialisation in Nigeria,” the Chief…

NCAA places Air Peace, Ibom Air, Arik Air, others on No-Pay-No-Service list over unpaid debt

Business Pointer Admin5 months ago5 months ago03 mins

By Seun Ibiyemi The Federal Government, through the Nigerian Civil Aviation Authority (NCAA), has directed all its directorates to suspend services to 11 domestic airlines over unpaid statutory charges owed to the regulator. The NCAA also placed the affected operators on its updated “No-Pay-No-Service” list, following what it described as outstanding financial obligations due to…

$460m Abuja CCTV project: SERAP demands full disclosure, threatens contempt action

Business Pointer Admin5 months ago5 months ago011 mins

…as FG says no record of local contractors By Seun Ibiyemi The Federal Government has admitted that it lacks detailed records identifying Nigerian contractors, subcontractors, and other local beneficiaries involved in the $460 million Abuja CCTV security project, sparking fresh demands for full disclosure and accountability from the Socio-Economic Rights and Accountability Project (SERAP). The…

Nigeria Customs seeks stronger inter-agency collaboration against terrorism financing, transnational crimes

Business Pointer Admin6 months ago6 months ago05 mins

By Seun Ibiyemi The Nigeria Customs Service (NCS) has reiterated the need for stronger collaboration, intelligence sharing, and inter-agency synergy in combating terrorism financing, money laundering, wildlife trafficking, and other forms of transnational organised crimes across the country. The Comptroller-General of Customs, Adewale Adeniyi, stated this on Wednesday during a study tour by participants of…

Hotel Managers Conference Africa set to redefine hospitality gatekeeping across the continent

Business Pointer Admin6 months ago6 months ago07 mins

By Onyeka Ezike In medieval times, gatekeepers were entrusted with protecting city entrances from external threats and ensuring that only authorized individuals gained access. In today’s hospitality industry, hotel professionals occupy a similar strategic position as the first point of contact between a nation and its visitors. Their attitude, conduct, and service delivery often shape…

ICSC 2026: Aig-Imoukhuede foundation reaffirms commitment to civil service reforms

Business Pointer Admin6 months ago6 months ago04 mins

The Aig-Imoukhuede Foundation has reaffirmed its commitment to strengthening public sector reforms in Nigeria as it returned as Diamond Partner for the 2026 International Civil Service Conference (ICSC) organised by the Office of the Head of the Civil Service of the Federation. The two-day conference, held between May 20 and 21 at Eagle Square in…