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The Ministry of Marine and Blue Economy, Alhaji Adegboyega Oyetola, says the ministry is moving toward integrating road, rail and inland waterways connectivity to the ports.Adegboyega said this during the third Maritime Transportation Industry Breakfast on Wednesday in Lagos. The theme of the event is, “Prospects for Accelerated Growth and other Matters Arising”. Oyetola, represented
An economist, Dr. Yemi Kale, says Nigeria requires 40 per cent annual growth rate to cushion the potential negative impact of the United States’ (U.S.) recent tariff hike on its one trillion dollar economic growth vision.Kale, who is the Group Chief Economist and Managing Director, Research and Trade Intelligence, Afreximbank, said this on Wednesday in
The Nigerian Postal Services (NIPOST) has urged courier or logistics service providers to register with the service or face the wrath of the law. The State Postal Manager, Enugu State, Dr Chris Ashiedu, made the call while speaking with the News Agency of Nigeria (NAN) on Tuesday at the ongoing 36th Enugu International Trade Fair. The 10-day
The Nigerian Exchange Ltd. (NGX) rebounded on Tuesday, reversing several days of bearish trends, with a gain of N101 billion. The NGX market capitalisation rose by N101 billion or 0.15 per cent, closing at N65.589 trillion, up from N65.488 trillion on Monday. Similarly, the All-Share Index (ASI) increased by 159.88 points or 0.15 per cent,
The Federal Government says the Special Agro-Industrial Processing Zone (SAPZ), is a strategic milestone in its plan to industrialise Nigeria’s agriculture sector and create sustainable jobs across the country. Vice-President Kashim Shettima said this while performing the groundbreaking for the construction of Phase 1 of the SAPZ project in Kaduna on Tuesday. The SAPZ is
The Director General (D-G) of the National Pension Commission (PenCom), Omolola Oloworaran, says the N5.51 trillion pension investment will boost the country’s real sector development. This is contained in a statement issued by the management of the commission in Abuja on Tuesday. The investments, she said, span infrastructure, private equity vehicles, real estate, and subnational
German luxury carmaker, Porsche’s global vehicle deliveries fell by eight per cent in the first quarter of 2025, weighed down by a 42 per cent drop in China. The company gave the report on Tuesday. Porsche delivered 71,470 vehicles worldwide between January and March, an eight per cent drop compared to the same period in
The Federal Government is planning to deploy robotic machines for underwater inspection of bridges nationwide, the Minister of Works, Sen. Dave Umahi, announced on Sunday. At a stakeholders engagement on Section 2 of the Lagos-Calabar Coastal Highway project, Umahi said that the move was to reduce the cost of hiring divers for underwater assessments. He
The Federal Government says it is set to receive the first batch of 3.205 million meters in April, procured to bridge the metering gap in the country. The Minister of Power, Mr Adebayo Adelabu,said this in a statement by his Special Adviser, Strategic Communications and Media Relations, Mr Bolaji Tunji in Abuja on Sunday. Adelabu
The Central Bank of Nigeria (CBN) on Friday supplied a total of 197.71 million dollars to the foreign exchange market through sales to authourised dealers. The apex bank’s Director of Financial Markets Department, Dr Omolara Duke, disclosed this in a statement on Saturday in Abuja. She noted that the intervention aligned with the apex bank’s
