High Production Costs Threaten AfCFTA Gains – NSDC
By Oluwakemi Kindness The Executive Secretary of the National Sugar Development Council (NSDC), Kamar Bakrin, has warned that Nigeria risks losing the vast opportunities offered by the African Continental Free Trade Area (AfCFTA) unless it urgently lowers the cost of production for manufacturers. Speaking at the technical session of the 17th National Council on Industry, […]
Ebonyi Open to Foreign, Local Investors, Says Nwifuru
By Mardiyyah Abubakar Ebonyi State Governor Francis Nwifuru says his administration is ready to welcome both foreign and local investors, describing the state as one of the safest and most attractive investment destinations in the South East region. The governor made the statement on Sunday at the Government House Chapel in Abakaliki while briefing residents […]
FG Sets Seven-Day Cargo Clearance Goal for Nigerian Ports
By Mardiyyah Abubakar The Federal Government has unveiled plans to reduce cargo clearance time at Nigerian ports from 21 days to seven days as part of efforts to improve trade efficiency and lower logistics costs. The Presidential Enabling Business Environment Council (PEBEC) is leading the initiative to speed up cargo processing and strengthen Nigeria’s competitiveness. […]
Jonathan Urges Oil Firms To Power Nigeria’s Tech Future
By Mardiyyah Abubakar Former President Goodluck Jonathan has called on oil and gas companies to play a leading role in advancing Nigeria’s technological and industrial development by investing in local manufacturing, skills development, and technology transfer. Speaking at the Sweet Crude Dialogue in Yenagoa, Bayelsa State, Jonathan said Nigeria must move beyond exporting crude oil […]
FG Returns 13 Oil Blocks After 2025 Licensing Round
By Zainab Bakare The Federal Government will return 13 oil and gas blocks to the licensing basket after they failed to attract investor interest during the 2025 Licensing Round. Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, disclosed this on Tuesday at the 2025 Commercial Bid Conference in Abuja, saying only […]
PFIPC Scandal: Adeniyi Denies Budget Insertion Role
By Mardiyyah Abubakar Prince Adeyemi Adeniyi, who claims to be the Director-General of the controversial Presidential Foreign Intervention Promotion Council (PFIPC), has denied orchestrating the agency’s reported inclusion in the federal budget, insisting the development occurred after his arrest. In a recorded interview with social media influencer Martins Vincent Otse, popularly known as VeryDarkMan, Adeniyi […]
FG Deploys Digital Tools to Cut Business Regulation
By Oluwakemi Kindness The Federal Government says it is using digital technology to reduce regulatory bottlenecks that undermine businesses, describing excessive regulation as a major drag on Nigeria’s economy. Minister of State for Industry, Trade and Investment, Senator John Owan-Enoh, stated this at the weekend in Abuja at the launch of the Digital Standards Platform […]
NAICOM Gives Insurers 14 Days to Meet Capital Deadline
By Oluwakemi Kindness The National Insurance Commission (NAICOM) has given insurance companies 14 days to meet the July 31, 2026 recapitalisation deadline, warning that the timeline is mandatory and will not be shifted. Commissioner for Insurance, Olusegun Ayo Omosehin, issued the warning on Friday at the investiture of Akinjide Orimolade as the 53rd President and […]
NDLEA, NCC Sign Anti-Drug, Anti-Piracy Pact
By Oluwakemi Kindness The National Drug Law Enforcement Agency (NDLEA) and the Nigerian Copyright Commission (NCC) have sealed a strategic partnership aimed at dismantling criminal networks involved in drug trafficking, copyright piracy and other organised crimes across Nigeria. The two agencies signed a Memorandum of Understanding (MoU) at the NDLEA headquarters in Abuja on Friday, […]
RMRDC Launches Global Journal to Drive Industrial Research
By Julian Osamoto The Raw Materials Research and Development Council (RMRDC) has launched an international peer-reviewed journal to strengthen research on Nigeria’s raw materials and support industrialisation through scientific innovation. Director-General of the Council, Professor Nnanyelugo Ike-Muonso, said the revamped Journal of Raw Materials Research (JORMAR) marks a major step in repositioning RMRDC as a […]