BUSINESS
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Tinubu Halts FAAN Cashless Payment System After Gridlock Complaints
President Bola Ahmed Tinubu has directed the suspension of the newly introduced cashless payment system at airport toll gates across…
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Nigeria’s Ports Record 24.8% Cargo Growth as Throughput Hits 129.3m Tonnes
According to the 2025 Operational Performance Report released by the Nigerian Ports Authority (NPA), cargo volumes increased 24.8 percent, up…
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Nigeria Bans Cash Tax Collection, Roadblocks as New Tax Laws Take Effect
Nigeria has moved decisively to overhaul its tax administration system as the Federal Government announced a nationwide ban on cash…
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Cement Giants Post ₦1.64trn Profit as Nigerians Demand Lower Prices
Together, the three cement companies generated combined profits of approximately ₦1.64 trillion, highlighting the cement sector’s central role in Nigeria’s…
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Tinubu Appoints Taiwo Oyedele as Minister of State for Finance to Drive Fiscal Reforms
President Bola Ahmed Tinubu has nominated Taiwo Oyedele as Minister of State for Finance, marking a significant recalibration of Nigeria’s…
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Nigeria’s Net FX Reserves Jump 772% to $34.8bn – Cardoso
Nigeria’s external balance sheet has undergone one of its most dramatic recalibrations in recent history. The Central Bank of Nigeria…
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Iran Declares Strait of Hormuz Closed: Global Energy Shockwaves Begin
Iran’s declaration that the Strait is closed — accompanied by warnings that it will fire on vessels attempting passage —…
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BUA Cement Surpasses ₦1.18trn Revenue as Profit Jumps 382% in 2025
In a macroeconomic environment defined by FX volatility, energy cost pressures, and tight liquidity, the scale of BUA Cement’s earnings…
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Lilypond Export Command Records $858m Growth as Nigeria’s Non-Oil Exports Accelerate
In the fourth quarter of 2025, the Lilypond Export Command (LEXC) of the Nigeria Customs Service delivered a measurable signal…
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FAAN Appeals for Patience as ‘Go Cashless’ Programme Rolls Out in Lagos, Abuja Airports
The Federal Airports Authority of Nigeria (FAAN) has urged motorists and airport users to exercise patience and cooperate with officials…
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