By Muhyideen Jimoh President Bola Tinubu has expressed deep displeasure over the backlog of unpaid funds owed to federal contractors across ministries and agencies. The President has therefor set up a ministerial committee to urgently address the issue and recommend immediate solutions for settling the debts. Presidenrial Spokesperson, Mr BayoContinue Reading
Okeoghene Akubuike The Bureau of Public Procurement (BPP) and Standards Organisation of Nigeria (SON) have signed a Memorandum of Understanding to strengthen the application of Nigerian Industrial Standards (NIS) in Federal Government procurement processes. This is contained in a statement issued by Zira Nagga, Head of Press and Public Relations,Continue Reading
By Diana Omueza The Nigerian Shippers’ Council has unveiled its Digital Enterprise Content Management System (ECMS) to strengthen efficiency, transparency and service delivery within the maritime and blue economy sector. This marks a major step in Nigeria’s maritime digital transformation. Dr Pius Akutah, Executive Secretary of Shippers’ Council, said thisContinue Reading
By Vivian Emoni The Federal Government says Nigeria must prioritise industrialisation and dependable energy supply to stop exporting raw materials and strengthen local value chains. Minister of State for Industry, Sen. John Enoh, stated this at the Industrial Revolution Work-Group Premier Ministerial Roundtable on Energy, Security and Industrial Infrastructure onContinue Reading
By Martha Agas The Solid Minerals Development Fund (SMDF) says only a strong financing framework can unlock Nigeria’s vast mineral wealth and drive its national development. SMDF`s Executive Director, Hajiya Fatima Shinkafi, stated this at a workshop themed ‘Building a Sustainable Finance Framework for Nigeria’, on Tuesday in Abuja. TheContinue Reading
By Ibironke Ariyo Kogi on Tuesday formally unveiled the Ajaokuta Economic City projected to attract between $2-$5 billion in Foreign Direct Investment (FDI) inflows to Nigeria in seven years. Speaking at the ceremony in Abuja, Gov. Ahmed Ododo said the unveiling represented a monumental milestone in the economic evolution ofContinue Reading
By Taiye Olayemi GCR Ratings has upgraded NEM Insurance Plc’s national scale financial strength rating to AA+ (NG), citing “sustained competitive strength” in the non-life market. The agency, in a statement on Monday,Continue Reading
By Taiye Olayemi Dr Emomotimi Agama, SEC Director-General, says the renewed Capital Market Master Plan will align closely with Nigeria’s National Development Plan. Speaking at the Capital Market Committee meeting in Lagos on Monday, he said theContinue Reading
By Taiye Olayemi The Securities and Exchange Commission has confirmed plans to begin recapitalisation for all capital market intermediaries in 2026, marking a major regulatory shift. Dr Emomotimi Agama, the commission’s Director-General, revealed the move duringContinue Reading
By Joshua Olomu The Presidential Enabling Business Environment Council (PEBEC) has released the 2025 Subnational Ease of Doing Business (EoDB) Report, with Lagos emerging as the best performing state, scoring 85.6 per cent. The report released by the Director-General of PEBEC, Mrs Zahrah Mustapha-Audu, has Kaduna in second position withContinue Reading
