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Port Automation Crucial to Cut Cargo Delays, Says LCCI

03.08.2025
The Lagos Chamber of Commerce and Industry has called for urgent reforms in Nigeria’s port operations, insisting that the full automation of cargo clearance and redeployment of scanners are critical to resolving longstanding inefficiencies. President of the LCCI, Gabriel Idahosa, in a recent statement, decried the slow nature of Nigeria’s maritime and logistics sector when...
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Explore Alternative Financing Options, Ogun MAN Urges Manufa

03.08.2025
The Chairman of the Manufacturers Association of Nigeria, Ogun State Branch, George Onafowokan, has urged manufacturers across the country to adopt alternative financing models, including leasing and equity markets, to survive the current harsh economic realities and boost industrial growth. Onafowokan, speaking at the Ogun State MAN Branch’s 40th Annual General Meeting held on Thursday...
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Brands Urged to Partner in $250B Market

03.08.2025
The Marketing Director of Marketing Edge Publication, Anietie Udoh, has urged Nigerian brands to adopt creative collaboration with content creators if they hope to tap into the $250bn global creative economy. Udoh made this call while addressing journalists at a recent media parley in Lagos, where he described the global creative economy as a thriving...
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Dangote’s Direct Fuel Supply Plan Sparks Controversy in Nige

03.08.2025
• NOGASA, PETROAN tackle Dangote, petrol surges to N870/litre at private depots amid feud The Natural Oil and Gas Suppliers Association of Nigeria has warned that the Dangote Petroleum Refinery’s plan to bypass existing distribution channels and supply refined petroleum products directly to end-users would lead to a nationwide disruption, long-term product scarcity, and the...
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Nigeria Trains 3M Exporters on AfCFTA Rules

03.08.2025
The Federal Government has begun training three million Nigerian exporters on the understanding and application of rules governing the export of goods under the African Continental Free Trade Area agreement. The training is part of the government’s preparations to take advantage of the AfCFTA agreement. It is being implemented by the Nigeria AfCFTA Coordination Office...
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Caverton Reports N2.09bn Profit, Reverses Prior Loss

02.08.2025
Caverton Offshore Support Group Plc has reported a profit before tax of N2.09bn for the half-year period ending June 30, 2025, reversing a loss recorded in the same period last year. The group’s revenue stood at N16.1bn, down from N18.8bn in the first half of 2024. However, gross profit increased to N9.0bn from the N2.9bn...
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Nigeria to Boost Oil Output with 810,000bpd from Deepwater F

02.08.2025
The Federal Government has unveiled plans to unlock an additional 810,000 barrels of crude oil per day from Nigeria’s deepwater oil fields through a new cluster and nodal development initiative, The PUNCH reports. The initiative, championed by the Nigerian Upstream Petroleum Regulatory Commission, is part of a broader effort to revive the country’s offshore oil...
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NLC Slams Ride-Hailing Firms Over Safety, Commissions

02.08.2025
The Nigeria Labour Congress has renewed its demand for stronger regulation of international ride-hailing firms, accusing Uber and Bolt of exploiting local drivers through high commissions, poor safety standards, and non-transparent fare structures. The NLC, in collaboration with the Amalgamated Union of App-Based Transporters of Nigeria, issued the call at a press conference in Lagos...
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Naira Falls to ₦1,533.55/$ in July

02.08.2025
The naira closed out July 2025 at N1,533.55/$ at the official market, the Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria revealed on Thursday. This is about 0.25 per cent weaker than the 1,529.71/$ that it had closed in June, indicating improved stability in the foreign exchange market. In the middle of...
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BUA Foods Posts Record N912.5bn Revenue in H1 2025

02.08.2025
BUA Foods Plc has disclosed a financial performance for the six months ended June 30, 2025, with revenue rising to N912.5bn from N672.4bn recorded in the same period last year. In the company’s unaudited financial statement filed with the Nigerian Exchange Limited on Wednesday, the company’s cost of sales increased to N573.2bn from N454bn in...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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