The Nigeria Civil Aviation Authority (NCAA) has summoned Overland Airline over allegations of exploiting customers through costly flight tickets, particularly along the Lagos-Abuja-Ilorin route. Director of Consumer Protection at the NCAA, Michael Achimugu, disclosed on his verified X handle that the agency met with Overland to hear its side. The airline argued that aviation taxes …
A member of the Nigeria–Türkiye Business Council, Dr. Ifeanyi Onukwubiri, says the newly signed bilateral agreements between Nigeria and Türkiye will unlock fresh opportunities in trade, investment, and private-sector collaboration for both countries. Onukwubiri, CEO of TMT Travels and Tours Limited, noted that the accords reached by Presidents Recep Tayyip Erdoğan and Bola Ahmed Tinubu …
A shop owner at Onitsha Main Market, Gibson Okafor, has described the government’s closure of the market as “putting fire to fire,” warning that it could drive customers away permanently. Governor Chukwuma Soludo of Anambra State ordered the shutdown of Onitsha Main Market on Monday, a decision that has drawn sharp criticism from traders and …
A structured cargo consolidation ecosystem could generate tens of thousands of direct jobs across Nigeria’s maritime and aviation sectors, the Sea Empowerment and Research Centre (SEREC) has said. Indirect employment in trucking, cold-chain logistics, ICT, insurance, and finance could be two to three times higher. The centre highlighted roles such as freight planners, load controllers, …
BUA Cement Plc has announced a $240 million investment to build a new 3-million-tonne-per-annum cement line in Sokoto, signaling its commitment to expanding production capacity and supporting West Africa’s infrastructure growth. The project, in partnership with Chinese engineering firm CBMI, will raise BUA Cement’s total annual output to 20 million tonnes, strengthening its position as …
Nigeria will end the importation of fertilisers as expanding private-sector investments reposition the country as a hub for value-added petrochemical products, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said. The Chief Executive of NMDPRA, Saidu Mohammed, disclosed this during a facility tour of Indorama Eleme Fertiliser and Chemicals Limited in Eleme Local …
Nigeria’s digital economy faces a growing threat from a shortage of skilled manpower, putting an estimated $11 billion in annual industry revenue at risk. Experts warn that the skills gap also threatens Nigeria’s goal to increase the Information and Communication Technology (ICT) sector’s contribution to Gross Domestic Product (GDP) to 21 per cent by 2027. …
The Federal Government has launched a project to include 14 million smallholder farmers in the cassava bioethanol value chain. The aim is to cut fuel import costs and strengthen Nigeria’s bioeconomy. Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, announced the project in a statement signed by the ministry’s Director of Information and …
Nigeria’s exports to Africa surged in the first half of 2025, reaching N4.82 trillion, a 14 per cent increase from N4.21 trillion in the same period of 2024. West Africa continued to dominate as the main market, absorbing over 62 per cent of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs …
Nigeria’s participation in the Pan-African Payment and Settlement System (PAPSS) recorded a sharp decline in the first half of 2025. The value of cross-border transactions processed through the platform fell by 53 per cent to N5.6 billion, according to the Central Bank of Nigeria’s (CBN) Financial Stability Report for June 30, 2025. The number of …
