February 2026 – Page 19

B’Odogwu platform doesn’t alter exchange rates: Customs

27.02.2026

The Nigeria Customs Service has clarified that B’Odogwu, a Unified Customs Management System, does not under any circumstance generate, substitute, or alter exchange rates for cargo clearance. The Service stated that where data transmission formats change, the system is designed to retain the last valid Central Bank-provided rate until the updated feed is successfully processed,...

Reforms aim to grow non-oil exports

27.02.2026

Nigeria is intensifying efforts to grow non-oil exports through air cargo reforms driven by the Federal Airports Authority of Nigeria, highlighting fresh infrastructure and revenue initiatives while examining their long-term viability, PRINCESS ETUK reports In the modern global economy, the speed of trade is often as important as its volume. For a nation like Nigeria,...

Calls for Reform & Clean Energ

27.02.2026

Stakeholders in Nigeria’s electricity sector have renewed calls for coordinated reforms, stronger accountability and a structured transition to cleaner energy, as the Nigeria Electricity Supply Industry Week 2026 was officially unveiled in Abuja. The initiative, according to its organisers, is aimed at addressing longstanding challenges in the sector by fostering sustained collaboration among regulators, operators,...

Kogi Secures Licence for Ajaokuta Free Trade Zone

27.02.2026

The long-awaited revival of Nigeria’s industrial ambitions around the Ajaokuta axis gained fresh momentum on Thursday as Kogi State secured the licence for the newly approved Ajaokuta Economic City Free Trade Zone, in what stakeholders described as a major step towards unlocking the country’s dormant steel and solid minerals potential. Governor Usman Ododo, who received...

Lafarge Africa Revenue Hits Record N1.1 Trillion in 2025

27.02.2026

Lafarge Africa Plc has announced a landmark financial performance for the year ended December 31, 2025, crossing the N1 trillion revenue threshold for the first time in its history. In a statement released on Thursday and signed by the Head of Corporate Communications, Ginikanwa Frank-Durugbor, the cement giant revealed that its revenue surged by 53...

FG moves to boost research financing for enterprise growth

27.02.2026

The Minister of Science, Technology and Innovation, Dr Kingsley Udeh, on Thursday, said the Federal Government is advancing plans to strengthen research financing to accelerate commercialisation and enterprise development. The minister made the announcement in Abuja, at the Nigeria-EU Science and Innovation Day, where policymakers, researchers, innovators, and private-sector actors convened to deepen cooperation and...

Nigeria and Israel deepen strategic partnership

27.02.2026

Nigeria and Israel have reaffirmed their commitment to strengthening bilateral ties, with discussions centred on security, health, technology, and economic cooperation. The Minister of State for Foreign Affairs, Bianca Odumegwu-Ojukwu, restated Nigeria’s position when the Israeli Ambassador to Nigeria, Michael Freeman, paid her a courtesy visit at Tafawa Balewa House, Abuja. According to a statement...

Plus Incubation Hub Unveils N1m Grant for Entrepreneurs

27.02.2026

Plus Incubation Hub has launched the Plus Factor Grant Programme to empower high-potential entrepreneurs across Africa with funding and business support. The organisation said the merit-based initiative would provide non-dilutive grant funding, market access support and innovation resources to founders building scalable, market-relevant businesses. According to a statement, the programme targets idea-stage, early-stage and growth-stage...

Tunde Oremule confirmed as new LLTC Chairman

27.02.2026

February 27, 2026 12:05 am Tunde Oremule has been confirmed as the Chairman of the Board of Trustees of Lagos Lawn Tennis Club. In a brief statement, it disclosed that the confirmation followed the club’s recent Emergency General Meeting in 2026, as it marks its 130th anniversary. Oremule was a former president of the club...

Senate panel probes burnt Lagos airport terminal fire

27.02.2026

Members of the National Assembly have said they will await the outcome of investigations by the Federal Airports Authority of Nigeria into Monday’s fire incident at the Murtala Muhammed International Airport, Lagos, even as the Chairman of FAAN’s Board, Abdullahi Ganduje, commended the airport management for its swift emergency response. The lawmakers’ position followed an...