Grimaldi Group has launched a direct shipping service from Shanghai, China, to Lagos, Nigeria. This new service eliminates transshipment and offers a fast 27-day transit time. It sets a new standard for speed and efficiency in the maritime industry. The service accommodates various cargo types, including containers, vehicles, trucks, and heavy equipment. It reduces delays … Read more
Maritime stakeholders are calling for urgent reforms to improve the industry in 2025. They stress the need for 24-hour cargo clearance, stable foreign exchange, and better infrastructure. The sector faced severe challenges in 2024, including fluctuating exchange rates, port congestion, and high business costs. Many clearing agents and importers were hit hard and closed their … Read more
The National Tomato Growers, Processors, and Marketers Association of Nigeria (NATPAN) is calling for federal government intervention to reduce post-harvest losses in the tomato sector. Mr. Rabiu Zuntu, Chairman of NATPAN’s Kaduna State chapter, made the appeal during an interview with the News Agency of Nigeria (NAN). Zuntu emphasized that proper government support is vital … Read more
Landmark Group has secured waterfront land in Port Harcourt, partnering with the Rivers State Government to redevelop the Port Harcourt Tourist Beach. The company aims to transform it into a world-class leisure, hospitality, and tourism destination. This announcement follows their expansion into two African countries, three Nigerian states, and the relocation of their headquarters from … Read more
The Nigerian Ministry of Foreign Affairs is set to receive N353.77 billion in the 2025 budget. This funding aims to strengthen diplomatic ties and improve foreign mission operations. The budget, part of the N49.74 trillion national proposal, awaits legislative approval. The Permanent Mission to the United Nations in New York leads the pack with N9.02 … Read more
Nigeria’s debt service is set to double in 2025. The country’s debt obligations will rise from N8 trillion to N16 trillion. This sharp increase is raising alarm among financial experts. The growing debt burden puts significant strain on Nigeria’s finances. With this increase, funds for vital services like healthcare, education, and security could be squeezed. … Read more
Governor Abdullahi Sule of Nasarawa State has expressed concerns about the ongoing debate surrounding the proposed tax reform bills before the National Assembly. He stated that many critics of the bills lack a fundamental understanding of Value Added Tax (VAT) and its mechanisms. Speaking during an interview with Arise Television on Monday, Governor Sule acknowledged … Read more
The federal government has committed a substantial N231.73 billion to immunization and malaria vaccination in Nigeria’s 2025 budget. This move marks a critical step in strengthening the nation’s healthcare system and addressing pressing health challenges, particularly malaria and preventable diseases. Malaria continues to plague millions of Nigerians, especially vulnerable groups such as children and pregnant … Read more
Nigeria’s foreign exchange (FX) reserves have surged by $591.78 million. This significant rise follows the country’s successful Eurobond auction just one month ago. The increase brings much-needed stability to Nigeria’s economy, which has faced several challenges, including oil price fluctuations and global uncertainties. The surge in reserves stems from the funds raised in the Eurobond … Read more
The Nigerian Stock Exchange saw a slight decline of 0.24% today, marking a period of volatility for investors. Amid this downturn, RT Briscoe led the day’s losses, while ABBEYBDS showed positive movement, giving investors some relief in an otherwise difficult trading session. RT Briscoe’s stock price fell sharply, reflecting broader concerns about the company’s performance … Read more