At the 2024 Zenith Bank International Trade Seminar, experts emphasized the importance of value-added exports to drive Nigeria’s economic growth. They urged the processing of non-oil export products into semi-finished and finished goods as a key strategy for unlocking significant economic benefits. During the seminar, themed “Nigerian Non-Oil Export Industry: Awakening the Giant,” Dr. Adaora […]
Category archives: News
FG Declares State of Emergency at Onne Port Over Arms and Dangerous Cargo Imports
The Federal Government has declared a three-month state of emergency at Onne Port in Rivers State due to recurring incidents of illegal importation of arms and dangerous cargo. The Comptroller-General of Customs, Bashir Adeniyi, announced the emergency protocols during a press briefing, citing national security concerns and increased threats to public health. Adeniyi highlighted the […]
Customs Intercepts N9bn Worth of Contraband in July – FOU Controller
The Nigeria Customs Service, Federal Operations Unit (FOU) Zone A, Ikeja, revealed that it seized 70 contraband items valued at N8.9 billion in July 2024. Kola Oladeji, the Customs Area Controller, disclosed this during a display of the seized goods in Lagos. The seized items included 6,168 pieces of donkey skins, 37,630 sachets of tramadol, […]
Subscribers Face Portal Glitches as NIN-SIM Linkage Deadline Approaches
As the September 15 deadline for the National Identification Number (NIN) and Subscriber Identification Module (SIM) linkage nears, many Nigerian subscribers are experiencing technical challenges while attempting to upload their details on the National Identity Management Commission (NIMC) portal. The President of the National Association of Telecommunications Subscribers (NATCOMS), Adeolu Ogungbanjo, has raised concerns over […]
National Assembly’s First Year Marked by Slow Progress and Recycling of Proposals – OrderPaper Report
A performance report by OrderPaper, a parliamentary monitoring organization, has highlighted significant issues with the progress of the 10th National Assembly during its first year. Despite a notable increase in the number of bills sponsored, the report reveals slow progress and concerns about legislative practices. Key Findings from the Report: Epia stated that while there […]
Reps Minority Caucus Condemns Petrol Price Hike, Demands Immediate Reversal
The Minority Caucus of the House of Representatives has strongly condemned the recent increase in petrol prices announced by the Nigerian National Petroleum Corporation (NNPC). In a statement issued by Rep. Kingsley Chinda, the caucus criticized the decision as “ill-timed” and “grossly insensitive,” given the current economic hardships faced by Nigerians. Key Points from the […]
Mutual Benefits Calls for Policy Reform to Boost Insurance Penetration
Mutual Benefits Assurance Plc has voiced concern over Nigeria’s low insurance penetration and is advocating for policy changes to enhance insurance uptake across the country. Mr. Femi Asenuga, Managing Director/CEO of Mutual Benefits, expressed these sentiments during a workshop aimed at insurance journalists. Asenuga emphasized the crucial role of media in driving policy reforms and […]
Power Generation Drops by 45.4% to 2,777 MW, Highlighting Persistent Sector Challenges
Power generation in Nigeria fell dramatically by 45.4% to 2,777.04 Megawatts (MW) on Wednesday, following a peak of 5,040.72 MW recorded just a day earlier. According to data from the Nigeria Electricity System Operator (NESO), part of the Transmission Company of Nigeria (TCN), generation peaked at 4,370.14 MW around midday before dropping further later in […]
Unveils $115 Million Upgrade at West Africa Container Terminal
Vice President Kashim Shettima officially inaugurated a $115 million upgrade at the West Africa Container Terminal (WACT) in Onne, Rivers State, on Wednesday. This significant investment highlights APM Terminals’ dedication to bolstering Nigeria’s economic growth and its role as a major trade hub in West Africa. The upgrade includes extensive yard expansion, acquisition of state-of-the-art […]
Cryptocurrency Expert Warns Against Celebrity Endorsements and Quick-Rich Schemes
Rume Ophi, an alternative finance and cryptocurrency expert, has advised Nigerians to be cautious of celebrity endorsements and promises of quick wealth in the crypto space. In a statement to Vanguard, Ophi, also known as the Cryptopreacher, highlighted the dangers, especially after the recent collapse of $Jota Coin. He explained, “The value of $Jota Coin […]