Lagos State has been chosen to host the 2027 Intra-African Trade Fair (IATF), following an announcement by the African Export-Import Bank (Afreximbank), the African Union, and the African Continental Free Trade Area (AfCFTA) Secretariat. The decision is widely regarded as a landmark achievement for Nigeria and the West African sub-region, reaffirming Lagos’ status as one of Africa’s leading economic hubs. Governor Babajide Sanwo-Olu described the nomination as “a reflection of…

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has reaffirmed its decision to commence industrial action on Monday, 8th September 2025, citing alleged anti-labour practices by the management of Dangote Refinery. In a strongly worded statement issued on Sunday and signed by the union’s President, Williams Akporeha, and General Secretary, Afolabi Olufemi, NUPENG accused the Dangote Group of attempting to undermine legally recognised labour rights and union freedoms.…

The Securities and Exchange Commission (SEC) has established a dedicated desk to expedite approvals for insurance sector recapitalisation, with a firm commitment to process complete applications within 14 days. Ebelechukwu Nwachukwu, head of the Communication and Stakeholders Management Subcommittee, announced this during the 19th Insurers’ Committee meeting in Lagos. The move follows the recent signing of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 into law by President Bola Tinubu.…

The Lagos State Government has announced it will host its annual Job Fair on September 11, 2025, at the Blue Roof, Lagos State Television, Ikeja. Organised by the Ministry of Wealth Creation and Employment, the event, themed “Your Career, Your Way: Explore Endless Possibilities”, aims to connect thousands of young people with job and entrepreneurial opportunities. READ ALSO: Bwala retracts ‘no-man’s land’ remark, affirms Lagos as Yoruba Land The Job Fair…

Nigeria is aiming to produce 10 billion standard cubic feet of gas per day (scf/d) by 2030, a goal reaffirmed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during a meeting with the management of Nigeria LNG Limited (NLNG) in Abuja. The discussion during the week focused on strategies to shape the future of Nigeria’s gas industry, including production targets, the investment climate, and ongoing…

By Ismaeel Aleem  Nigeria has achieved unprecedented growth in non-oil revenue collections for January–August 2025, reaching ₦20.59 trillion, a 40.5% increase from ₦14.6 trillion in 2024, according to a State House press release issued on Wednesday. This milestone, driven by reforms in tax administration, compliance, and digitisation, marks the country’s strongest fiscal performance in recent history. President Bola Tinubu highlighted this achievement during a meeting with the Buhari Organisation, led…

Nigeria and Colombia have signed a landmark Memorandum of Understanding (MoU) on political consultations, signalling a new chapter in diplomatic and economic relations between the two countries. The agreement was signed on Monday at the Presidential Villa in Abuja during the Nigeria-Colombia Bilateral Meeting and Business Forum. The MoU was signed by Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, and Colombia’s Deputy Minister of Multilateral Affairs, Mauricio Jaramillo Jassir.…

The Manufacturers Association of Nigeria (MAN) has said that although President Bola Tinubu’s economic reforms have ushered in tough times for citizens and businesses, they remain necessary to reposition the country’s economy. Chairman of MAN in Cross River and Akwa Ibom States, Dr Adoga Inalegwu, made this known at the weekend during a familiarisation visit to member companies in Calabar. According to him, Tinubu has taken bold steps that many…

By Ismaeel Aleem  Vice President Kashim Shettima has hailed the ongoing three-day official visit of Colombian Vice President Francia Márquez as a pivotal moment for Nigeria-Colombia relations, describing it as a gateway to a new era of diplomatic and economic collaboration. Speaking at a Gala Dinner held in honour of Márquez at the Presidential Villa on Sunday night, Shettima emphasised that the visit signifies a “fraternal union” poised to foster…

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed a significant surge in diaspora remittance inflows, which have risen from $200 million to $600 million per month. Cardoso made the disclosure on Thursday during the Delta State–Brazil Business and Investment Roundtable in São Paulo, Brazil. He attributed the sharp increase to the apex bank’s recent policy reforms aimed at enhancing confidence in foreign exchange (FX) remittance channels.…

The National Economic Council (NEC) has endorsed the framework for the “Renewed Hope Development Plan (2026-2030)”, a new medium-term strategy designed to consolidate economic reforms and propel Nigeria toward a $1 trillion economy by 2030. The plan will serve as a successor to the country’s expiring National Development Plan (2021-2025). READ ALSO: Nigerians fume as FG hikes passport charges again Speaking at the 151st meeting of the council, Vice President Kashim…

Governor Lucky Aiyedatiwa of Ondo State visited the U.S. Embassy in Abuja to attract American investors to key economic sectors in his state, including a proposed deep-sea port, petrochemical hub, and refinery. The governor assured officials that his administration is committed to creating a favorable environment for foreign investment. During his meeting, Aiyedatiwa presented a range of investment opportunities, emphasising that the proposed deep-sea port could help alleviate congestion at…