Stakeholders seek stronger regulation of oilseed sector as import concerns emerge

    By Rukayat Moisemhe   Stakeholders in the oilseed value chain on Wednesday in Lagos called for stronger regulation and institutional support for the sector to safeguard domestic production.   They made the call following the concerns by the Soyabean Association of Nigeria over health and economic implications ofContinue Reading

Nigeria–Korea solar mini-grid project electrifies FCT communities

By Constance Athekame The Rural Electrification Agency (REA) and the Government of Korea have successfully electrified Rubochi and Ikwa Communities in the Federal Capital Territory (FCT) with a 1-Megawatt (MW) solar mini-grid. The project, tagged the “Nigerian-Korean Energy Project,” is expected to power over 4,000 households, delivering 900 kilowatts (kW)Continue Reading

Universal Insurance boosts MCR statutory deposit, pays N1.17bn to CBN

  By Taiye Olayemi Universal Insurance Plc says it has met one of the recapitalisation requirements, Minimum Capital Requirement (MCR), under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. This was disclosed in a statement signed by the Company Secretary and Legal Adviser, Universal Insurance, Mr Chinedu Onyilimba, on Wednesday.Continue Reading

Nigeria’s air cargo reforms crucial for ACTFTA gains-centre

By Martha Agas The Sea Empowerment Research Centre (SEREC) says repositioning Nigeria’s air cargo governance is critical for African Continental Free Trade Area (AfCFTA) competitiveness, trade facilitation and national economic growth SEREC made this known in a policy brief issued by its Head of Research, Dr Eugene Nweke on WednesdayContinue Reading

NSDC, NEXIM partner on long-term financing to transform sugar industry

By Lucy Ogalue The National Sugar Development Council (NSDC) and the Nigerian Export-Import Bank (NEXIM Bank) are partnering to mobilise a long-term, development-oriented financing for the transformation of Nigeria’s sugar industry. The Executive Secretary/Chief Executive Officer of NSDC, Mr Kamar Bakrin, said this when he led a delegation to visitContinue Reading

Prioritise competent local firms, Alpha Designs CEO advises FG

  By Yunus Yusuf   Mr Quadri Fatai, MD/CEO, Alfa Designs Nigeria Ltd.,(middle) during the 2026 Sub-Saharan Africa International Petroleum Exhibition and Conference   Chief Executive Officer, Alpha Designs Nigeria Ltd., Mr Quadri Fatai, has urged the Federal Government to prioritise indigenous oil and gas firms with proven capacity andContinue Reading

Nigeria produces 2.1 million metric tonnes of onions annually -NOPPMAN

By Vivian Emoni The National Onion Producers, Processors and Marketers Association of Nigeria (NOPPMAN) says Nigeria remains Africa’s second largest onion producer after Egypt, with annual production estimated at 2.1 million metric tons. Alhaji Aliyu Isah, National President of the association, disclosed this in an interview with the News AgencyContinue Reading