October 2025 – Page 11

Funding, skills gaps in ESG for MSMEs

31.10.2025

The Bank of Industry has identified limited funding and a lack of technical capacity as the biggest barriers hindering ESG adoption by businesses in the country. According to a statement on Tuesday, the bank made this observation as it launching its ‘Environmental, Social and Governance Adoption by Nigerian Micro, Small and Medium Enterprises’ report. The...

Govt details Nigeria port modernization beyond Lagos ports

31.10.2025

The Federal Ministry of Marine and Blue Economy has stated that the Lagos ports modernisation project is a necessary intervention given the age and scale of trade handled through Apapa and Tin Can Island Ports. This is even as the ministry stated that modernisation of Lagos Ports is by no means the sole focus of...

Nigeria steel production gets $400m boost with new deal

31.10.2025

Nigeria’s long-awaited steel revolution may finally be taking shape as the Federal Government on Wednesday announced the signing of a $400 m cooperation agreement with Stellar Steel Company Limited, a Chinese-backed firm, to establish a major steel plant in Ewekoro, Ogun State. The deal, signed in Abuja between the Federal Ministry of Steel Development and...

$120bn transport fund key for AfCFTA success

31.10.2025

Maritime stakeholders have stated that for African countries to benefit from the African Continental Free Trade Area, the continent will require an investment of $120bn in transport equipment by 2030. These stakeholders spoke on Wednesday at the opening ceremony of a two-day sub-regional seminar and meeting of Standing Committee No. 1 on Trade and Transport...

PETROAN cautions against an oil market monopoly in Nigeria

31.10.2025

The Petroleum Products Retail Outlets Owners Association of Nigeria has warned against monopolistic practices in the downstream oil sector, saying fair access and open competition are critical to sustaining Nigeria’s deregulated market. Presenting a paper titled “New Frontiers for Competition and Market Access in Downstream Energy” at the OTL Downstream Week 2025, the President of...

Africa’s $120bn oil import bill spurs Nigeria’s hub plan

31.10.2025

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that African countries imported hydrocarbon resources valued at $120bn in 2024. Lokpobiri stated this during the ongoing OTL Africa Downstream Energy Week in Lagos. Hydrocarbon resources are natural deposits of carbon- and hydrogen-based compounds, primarily fossil fuels such as crude oil, natural gas,...

PETROAN cautions against monopoly in Nigeria’s oil market

31.10.2025

EDC & Keystone Bank back SME growth in Nigeria

31.10.2025

Stakeholders from the Enterprise Development Centre, Keystone Bank, MasterCard Foundation, and Tripoint Academy have urged small and medium enterprises in Nigeria to focus on sustainable and impact-driven entrepreneurial growth to strengthen the country’s business ecosystem. They made the call during the 2025 EDC SME Conference held recently in Lagos with the theme, “Catalysing the Future:...

Ladega Leads Ikorodu’s Environmental Transformation Drive To Promote Public Health

31.10.2025

Demonstrating his administration’s commitment to a cleaner, greener, and healthier Ikorodu, the Executive Chairman of Ikorodu Local Government, Hon. Prince Adedayo Ladega, launched a robust Sanitation and Environmental Advocacy Campaign targeting key areas identified as “Black spots” for refuse accumulation. The initiative seeks to improve public health, enforce proper waste management, and instil civic responsibility...

I Have Experience To Lead Osun, Says APC’s Omoworare

30.10.2025

Former senator and stalwart of the All Progressives Congress (APC), Babajide Omoworare, has declared his readiness to lead Osun State, citing his years of legislative experience and commitment to progressive governance. Omoworare made the declaration during visits to APC leaders and stakeholders in Inisa and Ido-Osun, as part of his ongoing consultations across the state ahead...