August 8, 2025

Business

Business Economy

Lagos Plastic Ban Not Targeted at Profits, Say Market Leaders

Lagos | June 15, 2025 Market leaders in Lagos State have clarified that the government’s recent clampdown on plastic use is not intended to stifle business or profit-making, but rather aimed at protecting the environment and public health. Speaking at a sensitisation forum organised by the Lagos State Ministry of the Environment and Water Resources,

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Business Crime EFCC Fraud

EFCC Seeks Collaboration With Real Estate Developers to Tackle Money Laundering

Abuja, Nigeria – June 14, 2025 The Economic and Financial Crimes Commission (EFCC) has called on members of the Real Estate Developers Association of Nigeria (REDAN) to partner with the Commission in its ongoing efforts to combat money laundering in the real estate sector. Speaking at a stakeholder engagement in Abuja, the EFCC emphasized the

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Business Economy

Nigeria’s Financial Landscape Will Witness Radical Change by 2035 — Experts

Lagos, Nigeria – June 14, 2025 Financial experts have projected that Nigeria’s financial ecosystem will undergo a radical transformation by the year 2035, driven by rapid digital adoption, regulatory reforms, and deepening financial inclusion. This was revealed during the Nigeria Future Finance Conference 2025, held in Lagos, where industry leaders, policymakers, and innovators gathered to

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Business Customs

Apapa Customs Strengthens Collaboration with Stakeholders to Boost Rail Cargo Transport

Lagos, Nigeria – June 14, 2025 In a renewed push to decongest the ports and enhance cargo evacuation efficiency, the Apapa Area Command of the Nigeria Customs Service (NCS) has reaffirmed its commitment to deepening collaboration with key stakeholders to promote the use of rail transport for cargo movement. Speaking during a stakeholders’ engagement session

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Business Customs

CG Adeniyi Applauds Ogun II Command for Optimising 40% Revenue Increase

Abeokuta, Nigeria – June 14, 2025 The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has commended the Ogun II Area Command for achieving a significant 40% increase in revenue generation, describing the feat as a testament to effective leadership, innovation, and operational diligence. Speaking during an official visit to the command headquarters in

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Agricultural Business Economy

Kwara Food Prices Drop Amid Farming Investments

Ilorin, Kwara State – June 14, 2025 Food prices across Kwara State have seen a notable decline, following increased investments in agriculture by the state government and private sector players. The development has brought relief to residents who had long grappled with rising food costs due to inflation and supply chain challenges. Markets in Ilorin,

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Business Economy

Business in a Digital World: Understanding SEO and Its Relevance for Operations and Growth

Lagos, Nigeria – June 14, 2025 In an era where digital presence defines brand relevance, experts have emphasized the growing importance of Search Engine Optimization (SEO) as a vital tool for business operations and sustainable growth. Speaking at the 2025 Digital Enterprise Summit held in Lagos, digital marketing professionals, entrepreneurs, and tech innovators converged to

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Business Finance

FG Takes Fresh Steps to Revive Ajaokuta Steel Company

Abuja, Nigeria – June 14, 2025 The Federal Government on Friday announced new measures aimed at reviving the Ajaokuta Steel Company, one of Nigeria’s most strategic yet dormant industrial assets. In a statement issued by the Ministry of Steel Development, the government reaffirmed its commitment to restoring the facility to full operational capacity as part

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Business Tax Reform World

China to Scrap Tariffs on Imports from 53 African Nations, Including Nigeria

In a landmark move to boost trade ties and deepen economic cooperation, China has announced its readiness to eliminate tariffs on imports from all 53 African countries with which it maintains diplomatic relations. Nigeria is among the key beneficiaries of this decision. According to the Chinese government, the proposed tariff removal is part of a

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Business Crude Oil Economy

Petrol Imports Drop by N2tn as Local Production Improves

June 13, 2025 Nigeria’s petrol import bill has seen a significant decline, dropping by over ₦2 trillion in the first quarter of 2025, a development attributed to an increase in domestic refining capacity. According to data from the National Bureau of Statistics (NBS), the country spent ₦1.76 trillion on petrol imports between January and March

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