The Oyo State Government, on Friday, officially handed over 90 hectares of land to the Federal Government for the construction of the proposed Moniya Inland Dry Port in Ibadan, the state capital. The state deputy governor, Mr Bayo Lawal, handed over the land on the Ibadan-Oyo road, Moniya, in Akinyele Local Government Area, to READ MORE
Category: Economy
FG: Only Made-in-Nigeria Products Qualify for ECOWAS Free Trade Scheme
The Federal Government has urged business owners in Nigeria’s Southeast to fully leverage the ECOWAS Trade Liberalisation Scheme (ETLS) to enhance cross-border trade and expand their markets across West Africa. The scheme, which provides duty-free access to markets across the 12 other ECOWAS member states, primarily targets Micro, Small, and Medium Enterprises (MSMEs) as READ MORE
Nigeria: President Tinubu commissions renovated National Theatre, says no honour too Soyinka
President Bola Ahmed Tinubu has stated that renaming the renovated National Theatre after Nobel Laureate Professor Wole Soyinka was a fitting way to honour the legacy of a man of many parts, whose works have permanently put Nigeria on the global stage in terms of the creative industry and human rights advocacy. He expressed READ MORE
RCCG Regions 31 & 61 Hold 3rd RMF Convention 2025
*GMD First Bank Holdings, Industry Leaders Share Strategies & Innovations for Landmark Prosperity The third edition of the Redeemer’s Men Fellowship (RMF) Convention, hosted by RCCG Regions 31 and 61, took place on Saturday at The Overcomers Assembly, Lagos. Themed “Beyond Barriers: Mastering Strategies & Innovations for Landmark Prosperity,” the event convened leading voices in READ MORE
Nigeria: NCS target 48-hour cargo clearance with new initiative
The Nigeria Customs Service has unveiled a One-Stop-Shop initiative aimed at reducing cargo clearance times from an average of 21 days to 48 hours. According to a statement issued by the service and posted on its X handle on Sunday, OSS was unveiled during a meeting with NCS Management and Customs Area Controllers in READ MORE
World Maritime Day 2025: NASS pledges support for prosperous marine & blue economy sector
The National Assembly has pledged its continuous support in providing the legal and oversight framework for sustainable prosperity of the nation’s Marine and Blue Economy. Sen. Wasiu Eshinlokun-Sanni, Chairman Senate Committee on Marine Transport, made this known during the 2025 World Maritime Day on Thursday in Lagos. The theme of the celebration is READ MORE
Nigeria govt targets lower logistics costs, trade competitiveness with marine policy
LThe Federal Government of Nigeria has unveiled a new National Marine and Blue Economy policy, designed to cut logistics costs. The policy is also designed to boost trade competitiveness and attract private sector investment into the transport and maritime sectors. The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, disclosed this at READ MORE
UNGA 80: President Tinubu urges Africa to control, finance its mineral wealth
Nigeria’s President Bola Ahmed Tinubu has urged African nations to take control of their mineral resources and reform the global financial system that has long exploited the continent. Represented by Vice-President Kashim Shettima, Tinubu made the call at the Second Africa Minerals Strategy Group (AMSG) High-Level Roundtable on Critical Minerals Development in New York, READ MORE
Gov Abiodun confirms fourfold jump in Ogun economy to N16trn
*As Mac Group pledges $2.5b first Disneyland resort in Africa Ogun State Governor, Prince Dapo Abiodun, has disclosed that the state economy has increased fourfold, jumping from N3.5 trillion to N16 trillion in the last six years. This was just as the state secured an investment pledge in the range of $1.8 billion READ MORE
Nigeria: NCS extends overtime cargo automation to 120-day
The Nigeria Customs Service (NCS) has automated the clearance process for overtime cargoes and extended the window to 120 days to facilitate trade. The Comptroller-General of the NCS, Mr Bashir Adeniyi said at a one-day sensitisation programme on the Automation of Overtime Cargo Clearance System for stakeholders that the extension will also improve the READ MORE
Oyo govt tips AfCFTA to unlock prosperity, boost Oyo’s economy
Secretary-General of the African Continental Free Trade Area, Wamkele Mene, and the Acting Governor of Oyo State, Barr. Abdulraheem Bayo Lawal, have declared that the AfCFTA will unlock prosperity, create employment and boost the economy of the state. Mene maintained that Oyo State’s decision to integrate with the rest of Africa through the AfCFTA, READ MORE
NPA to begin Electronic Call-Up at Apapa Port on Monday
The Nigeria Ports Authority (NPA) says it has reviewed the Electronic Call-Up system and will begin operations at Apapa Port on Monday. The Port Manager, Apapa Port Complex, Mr Debo Lawal, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos on Sunday. Lawal said the entire ETO system READ MORE
Nigeria’s economy is now stable, attracting interest from around the world – Tinubu
President Bola Tinubu has declared that his administration’s bold economic reforms, which aim to restore Nigeria to its enviable position, are achieving favourable results. The President said that the country’s economy is now stable and attracting interest from around the world. He stated this at the State House when he received His Imperial READ MORE
Nigeria: Board pledges upgrade of NIWA for nation’s economic growth
The Board of Directors, National Inland Waterways Authority (NIWA), has pledged to ensure upgrade of the authority for the nation’s economic growth. A statement signed by the authority’s Assistant General Manager, Corporate Affairs, Suleiman Makama, said the Mr Musa Sarkin-Adar, Chairman of the Board made the pledge on Wednesday when the board members visited READ MORE
Nigeria: Governors’ Forum to showcase investment opportunities with investopedia
The Nigeria Governors’ Forum (NGF) will launch its ‘Investopedia’, a platform designed to showcase investment opportunities across Nigeria’s 36 states. NGF Director of Media and Strategic Communications, Yunusa Abdullahi, described the initiative as a bridge between Nigeria’s untapped potential and global capital. The launch is scheduled for Tuesday, Aug. 19, in Abuja. READ MORE