January 2026 – Page 34

Nigerian Brand Launches Premium Leather Shoes in Lagos

28.01.2026

Beyond Leather Culture, a Nigerian shoe brand, has launched a premium men’s leather shoe collection at its newly opened store in Lekki Phase 1, Lagos, marking a significant move in the country’s footwear market. The collection features loafers, sandals, Oxfords, and Derbies, all crafted from top-grade leather with attention to detail, reflecting BLC’s commitment to...

FAAN secures dual ISO certifications for quality management

28.01.2026

The Federal Airports Authority of Nigeria has attained two internationally recognised certifications: ISO 9001:2015 for Quality Management Systems and ISO 14001:2015 for Environmental Management Systems. According to a statement signed by the Director of Public Affairs and Consumer Protection, Henry Agbebire, the certifications were awarded by MSECB, Canada, after a comprehensive and independent audit of...

CBN Approves Use of Expired NAFDAC Licences for Imports

28.01.2026

The Central Bank of Nigeria has approved a temporary window allowing importers to use expired National Agency for Food and Drug Administration and Control licences for import documentation, offering short-term relief to businesses affected by system changes in Nigeria’s trade processing framework. In a circular issued on January 26, 2026, by its Trade and Exchange...

WCO Applauds Nigeria’s Customs Reforms for Trade Efficiency

28.01.2026

The Secretary-General of the World Customs Organisation, Ian Saunders, has described Nigeria’s Time Release Study as a practical and evidence-based reform capable of strengthening border efficiency, boosting trade competitiveness within trade corridors in Africa, and enhancing national safety. In a statement on Tuesday by the National Public Relations Officer of the service, Abdullahi Maiwada, Saunders...

Imported Petrol Cheaper as Dangote Petrol Price Increases

28.01.2026

The landing cost of imported Premium Motor Spirit (petrol) is now lower than the gantry price of the commodity from the Dangote Petroleum Refinery, following the refinery’s decision to hike prices, The PUNCH reports. Data from the Major Energies Marketers Association of Nigeria show that the landing cost of imported petrol was N728.88 per litre...

FG Begins N4tn Power Sector Debt Settlement with New Bond

28.01.2026

The Federal Government has taken steps towards resolving Nigeria’s estimated N4tn power sector debt burden as five power generation companies signed settlement agreements under the Presidential Power Sector Debt Reduction Programme, following the issuance of a N501bn bond. The bond, which reportedly recorded 100 per cent subscription, was issued in Lagos on Tuesday, attracting interest...

States Get Deadline for Contract Publication Under W’Bank Sc

28.01.2026

The World Bank–assisted Human Capital Opportunities for Prosperity and Equity Programme of the Federal Ministry of Budget and Economic Planning has directed state governments to publish contract award information for basic education and primary healthcare procurements within 30 days after the end of each quarter. The National Coordinator of the HOPE-GOV Programme, Assad Hassan, disclosed...

Nigerian Firms Secure $2.5B in World Bank Deals, Rank 5th

28.01.2026

The World Bank has revealed that Nigerian companies have emerged as one of the biggest beneficiaries of development procurement globally, ranking fifth worldwide in contracts awarded to local contractors. This was disclosed on Tuesday at the World Bank Group Business Opportunities Seminar held in Lagos. Speaking at the event, the Vice President, Operations Policy and...

IATA Warns Airlines of Rising Legal & Regulatory Pressures

28.01.2026

The International Air Transport Association has raised concerns over mounting legal and regulatory risks confronting airlines globally, as it announced plans to hold the 2026 World Legal Symposium in Warsaw, Poland. The symposium, scheduled for 17 to 19 February and to be hosted by LOT Polish Airlines, will focus on “Liability in a Changing World’’,...

Workers Cite Marginal Pay Rise

28.01.2026

Some workers have expressed mixed and largely underwhelming reactions to recent changes in their take-home pay following the implementation of new Personal Income Tax reforms, with many stating that the increases are marginal and insufficient to meaningfully alleviate economic pressures. According to The PUNCH, the new tax reform laws introduce several adjustments to the PIT...