By Seun Ibiyemi The Naira maintained relative stability against the US Dollar on Tuesday, with the official exchange rate in Nigeria’s foreign exchange market hovering around ₦1,378 to ₦1,380 per dollar in early trading. According to data from the Nigerian Foreign Exchange Market (NFEM), the Naira opened the session around ₦1,379.30 per dollar and fluctuated…
By Seun Ibiyemi The Nigeria Customs Service (NCS), Nigerian Revenue Service (NRS), and the Presidential Enabling Business Environment Council (PEBEC) conducted an assessment visit on Tuesday to the National Single Window office in Apapa to evaluate the performance of the newly introduced trade facilitation platform. The visit aimed to review operational progress, identify challenges, and…
By Seun Ibiyemi Sahara Group has opened applications for its #SaharaBeyondXXX Graduate Management Trainee (GMT) programme, aimed at developing the next generation of leaders in the energy and infrastructure sector. The Head of Corporate Communications, Mr Bethel Obioma disclosed this in a statement on Tuesday in Lagos, explaining that the accelerated programme is designed to…
By Seun Ibiyemi The Nigerian Exchange (NGX) resumed trading on Tuesday following the Easter holiday with a positive performance, as investors collectively gained N208 billion. The market rally was fueled by buying interest in stocks including Trans-Nationwide Express, Omatek Ventures, Cadbury Nigeria, First Holding Company, and Fortis Global Insurance among others. Market capitalisation increased by…
By Adeyemi David Senator Solomon Adeola has appealed to his supporters to stop erecting campaign billboards and circulating posters ahead of the official commencement of political activities for the 2027 Ogun State governorship election. Adeola, who represents Ogun West Senatorial District under the All Progressives Congress (APC), made the appeal in a statement issued on…
By Seun Ibiyemi The Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to accountability, transparency, and improved service delivery with the signing of its 2026 Sectorial Performance Bond. The Executive Secretary and Chief Executive Officer of the Council, Akutah Pius, signed the performance bond at a stakeholders’ engagement held in Lagos. The signing ceremony was…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced the export of a new crude oil grade, Cawthorne, marking a significant milestone in its drive to boost Nigeria’s oil production and expand its portfolio of globally competitive export streams. The company confirmed that the maiden cargo of the Cawthorne blend was…
By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has stepped up efforts to combat rising cases of diet-related illnesses, unveiling new regulatory plans to reduce sodium levels in pre-packaged foods across Nigeria. At a stakeholders’ meeting held on April 7, 2026, the agency’s Director-General, Mojisola Adeyeye, cautioned Nigerians against…
By Seun Ibiyemi The Federal Government (FG) has revised its 2026 borrowing plan, raising the projected figure by ₦11.31 trillion to a new total of ₦29.20 trillion, according to the recently approved 2026 Appropriation Bill. The adjustment marks a significant increase from the ₦17.89 trillion initially projected in the Abridged Budget Call Circular released in…
Eight core members of the OPEC+ have raised alarms over disruptions to global oil supply following attacks on energy infrastructure linked to Iran and the ongoing blockade of the Strait of Hormuz. In a joint statement after a virtual meeting, the group stressed that restoring damaged energy assets is costly and time-consuming, creating significant constraints…
