By Seun Ibiyemi The naira posted a mixed performance in the foreign exchange market as traders continued to monitor liquidity conditions and dollar supply across official and parallel market segments. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the local currency traded around N1,360 to the United States dollar in recent sessions, reflecting marginal fluctuations…
By Seun Ibiyemi Skyway Aviation Handling Company Plc (SAHCO) has reported a strong financial performance for the year ended December 31, 2025, recording a revenue of N44.46 billion, driven by increased passenger and cargo handling activities, improved operational efficiency, and continued investments in infrastructure and equipment. The company disclosed its financial results at its 16th…
Nigeria’s upstream oil and gas sector has recorded a significant investment boost, with the country’s share of African upstream Final Investment Decisions (FIDs) rising from just 4 per cent before 2023 to approximately 40 per cent across 2024 and 2025, according to the Special Adviser to the President on Energy, Mrs. Olu Arowolo Verheijen. Speaking…
By Seun Ibiyemi The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has thrown its weight behind the Central Bank of Nigeria (CBN) directive requiring financial institutions to host payment transaction data within the country, describing the policy as a major step toward reducing foreign exchange exposure and strengthening Nigeria’s digital economy. Chairman of ALTON,…
By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has issued a seven-day ultimatum to Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas to ensure the recovery and return of N110 billion allegedly spent on vehicle procurement and support allowances for federal lawmakers following a Federal High Court judgment…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to human capacity development as a critical pillar for building a globally competitive maritime industry, following the signing of a Memorandum of Understanding (MoU) with the International Training Centre of the International Labour Organisation (ITC-ILO) in Turin, Italy. Speaking at…
By Seun Ibiyemi Nigeria is set to witness a major environmental and economic transformation as a comprehensive inland waterways clean-up initiative backed by the National Inland Waterways Authority (NIWA) takes shape to address pollution and unlock opportunities within the country’s blue economy. The project, which was initiated during the tenure of the immediate past Managing…
The National Emergency Management Agency (NEMA) has emphasized the need for enhanced collaboration with the Nigerian Railway Corporation (NRC) to strengthen emergency preparedness and improve safety across the nation’s rail transport system. The Head of Operations at NEMA, Mrs. Halima Suleiman, made the call during a working visit to the NRC at the Rigasa Railway…
By Seun Ibiyemi The Lagos State Government and the European Investment Bank (EIB) have entered into a strategic partnership to develop a sustainable and modern waterways transportation system in the state through the Omi Eko Project. The partnership, announced at a signing ceremony held at the headquarters of the Lagos State Waterways Authority (LASWA), will…
By Seun Ibiyemi President Bola Ahmed Tinubu has approved a final six-month tenure extension for the Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, to enable him consolidate ongoing reforms and ensure a smooth leadership transition within the Service. The extension, announced on Friday, will take effect upon the expiration of Adeniyi’s current tenure…
