Author: Mujeedat
The Nigeria Customs Service has confirmed a fire incident at the premises of its Western Marine Command in Apapa, Lagos. The fire was detected at about 10:35 a.m. on Monday, September 28, 2026, after thick smoke was observed coming from the newly constructed conference hall and adjoining office areas. Officers on duty immediately activated emergency response procedures and worked to contain the outbreak. Personnel from the Lagos State Fire and Rescue Service arrived at approximately 11:25 a.m. and successfully brought the fire under control. A preliminary assessment indicated that some property and office equipment were damaged…
The Group Chairman of Nigerian Exchange Group, Alhaji Dr Umaru Kwairanga, has called on global investors to participate in Nigeria’s economic growth by investing in the country’s capital market and emerging sectors. Kwairanga made the call at the Nigeria Investment Forum 2026 in New York, held under the theme, “Connecting Capital to Opportunity: Investing in Africa’s Next Frontier.” He said Nigeria’s investment story was no longer limited to its enormous potential, but increasingly reflected reforms aimed at creating a more stable and business-friendly environment. According to him, the removal of fuel subsidies, the unification of foreign-exchange markets,…
The National President of the National Council of Managing Directors of Licensed Customs Agents (NCMDLCA), Lucky Amiwero, has said Nigeria does not need too many seaports, but should instead focus on developing an efficient deep seaport capable of handling the country’s cargo and transshipment business. Amiwero said the proliferation of seaports without adequate infrastructure and cargo destinations was contributing to inefficiencies in the nation’s maritime sector. He spoke on Monday during the unveiling of his achievement nomenclature on interventions in various national economic issues, organised to mark his 73rd birthday in Lagos. The customs agents’ leader called…
The 2026 Nigeria Union of Journalists Media Games will take place from October 5 to 9 at the Agege Stadium and the NUJ Secretariat in Alausa, Ikeja. The Chairman of the Games Sports Committee, Ayo Ojedokun, announced this during a press conference at the NUJ Secretariat. He said the event was organised to help journalists relax after the pressures of newsroom work, maintain physical fitness and promote camaraderie among media professionals. The games will feature five-a-side football for male and female journalists, a 100-metre race and indoor competitions in chess, draughts, ayo, Scrabble and table tennis. …
Nigeria could face a crude supply shortage as domestic refining capacity expands, operators in the midstream and downstream sectors have warned. The concern was raised by Aliko Dangote, owner of the 650,000-barrel-per-day Dangote Refinery, during the opening of the third Nigeria Oil Refining Summit in Abuja. The summit was organised by the Crude Oil Refinery-Owners Association of Nigeria under the theme, “Refining for Value: Linking Upstream Supply to Downstream Demand.” Represented by the Dangote Group’s Chief Economist, Dr Hassan Mahmud, Dangote said the group’s total refining capacity across Africa could reach approximately 2.1 million barrels per day.…
Guaranty Trust Holding Company Plc has reported a profit before tax of ₦603.03 billion for the six months ended June 30, 2026, and declared an interim dividend of ₦1 per share. The group released its audited consolidated and separate financial statements to the Nigerian Exchange Group and the London Stock Exchange. GTCO said its performance was driven by growth in interest income and trading income, which increased year-on-year by 7.5% and 24.7%, respectively. However, a fair-value loss of ₦46.2 billion during the first half of 2026 limited the year-on-year increase in profit before tax to 0.4%. …
The Group Chairman of Nigerian Exchange Group, Alhaji Dr Umaru Kwairanga, has called on global investors to participate in Nigeria’s economic growth by investing in the country’s capital market and emerging sectors. Kwairanga made the call at the Nigeria Investment Forum 2026 in New York, held under the theme, “Connecting Capital to Opportunity: Investing in Africa’s Next Frontier.” He said Nigeria’s investment story was no longer limited to its enormous potential, but increasingly reflected reforms aimed at creating a more stable and business-friendly environment. According to him, the removal of fuel subsidies, the unification of foreign-exchange markets,…
The Africa Blue Economy Women’s Forum, under the Africa Blue Economy Roundtable (ABER), will commemorate World Maritime Day 2026 with a continental conversation focused on translating maritime policies into meaningful action and strengthening women’s leadership across Africa’s maritime and blue economy sectors. In a release issued by the Director of Communications and Public Relations, Hajiya Medina Dauda Nadabo, the Forum provides a platform for women across Africa to connect, contribute, lead and influence the continent’s maritime future. The theme is “Correcting the Map, Powering Maritime Excellence: Women Driving Africa from Policy to Practice.” It recognises that Africa’s maritime…
The Nigeria Customs Service has completed the final stage of its 2025 recruitment exercise, with shortlisted applicants undergoing documentation, physical-fitness assessments and medical examinations at the Training and Doctrine Command in Gwagwalada, Abuja. The screening exercise lasted two weeks, beginning on 7 September 2026 and ending on 19 September 2026. It covered applicants shortlisted for the Assistant Superintendent of Customs II, Inspectorate and Customs Assistant cadres. Applicants were screened in batches to minimise congestion and ensure a more organised process at the centre. The Assistant Comptroller-General of Customs in charge of Human Resource Development, Frank Onyeka, said…
Expectations of relief from Nigeria’s high petrol prices have increased after Brent crude fell towards $100 per barrel, supported by signs of stronger Saudi oil exports through the Strait of Hormuz and renewed hopes of diplomatic progress in the Iran conflict. Brent, the global oil benchmark, declined for a fourth consecutive session and settled 3.4 per cent lower. The October West Texas Intermediate contract, which expires on Tuesday, fell by approximately 4.5 per cent. The decline could ease pressure on petrol prices in Nigeria, where higher global crude costs have contributed to a sharp increase in the price…