Manufacturing Improved Under Buhari – MAN
“He implemented policies aimed at promoting economic growth, improving infrastructure, and enhancing Nigeria’s industrial development.”
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Global Trade Expands By $300bn in the first half of 2025 – UNCTAD
Global trade expanded by an estimated $300 billion in the first half of 2025, growing at an estimated 1.5% in the first quarter and projections showing 2% growth in the second. UN Trade and Development (UNCTAD) disclosed this in its just released Global Trade Update (July 2025). Said the report: Price increases contributed to the…
IMF to assist FIRS in effectively implementing new tax laws
• Zach Adedeji The International Monetary Fund (IMF) has expressed its commitment to supporting the Federal Inland Revenue Service (FIRS) in implementing new tax laws. Senior Economist Paulo Paz praised FIRS for its progress under Chairman Zacch Adedeji during a mission in Abuja. He emphasised the implications of the new tax laws and the IMF’s…
MTN Ventures into cloud services to rival Amazon, Google, Microsoft, others
• MTN Nigeria Executives L-R Roger Shutte: General Manager for Infrastructure, Shoyinka: Shodunke Chief Information officer, Karl Toriola: CEO MTN Nigeria today, July 1, 2025, launched what it describes as West Africa’s largest Tier III data centre—and one of the largest in Africa. TechPoint Africa reports that the data centre is named after MTN Nigeria’s…
Despite Manufacturers Objection, Lagos Declares full ban on Styrofoam Packs, Plastic Straws, cups and spoons
Image: Inside a plastic recycling factory member of the Manufacturers Association of Nigeria (MAN). The Lagos State Government has announced the commencement of full enforcement of the ban on the use and distribution of Single-Use Plastics (SUPs) across the state, effective July 1, 2025. The announcement was made on Tuesday by the Commissioner for the…
FG Suspends Implementation of Financial Reporting Council Amendment Act Affecting Private Firms
The Federal Government has suspended the implementation of contentious provisions in the Financial Reporting Council (Amendment) Act 2023 following concerns raised by private sector stakeholders. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, announced the decision in a release on Monday. She said the suspension followed a series of high-level consultations with key industry…
Zedcrest Backs Lagos Govt and MacTay ICT Graduate Trainees Program
•The Head of Brands and Communications, Zedcrest Group, Oyinkansola Adeboye. Zedcrest Group has declared its support for the Lagos State Government and MacTay, ICT skill acquisition program for graduate trainees which comes with employment opportunities. The Head of Brands and Communications, Zedcrest Group, Oyinkansola Adeboye made this disclosure during the graduation ceremony for the 2024…
Afreximbank appoints George Elombi new President
Image credit: Afreximbank ‘He succeeds Benedict Oramah, a professor, who has served as President and Chairman of the Board of Directors since 2015, and who will be stepping down in September.” The shareholders of the African Export-Import Bank (Afreximbank) have appointed George Elombi as the next President and Chairman of the Board of Directors of…
WCO Elects Nigeria’s CGC Bashir Adeniji , Chairperson
” Comptroller-General of Nigeria Customs Service, Bashir Adewale Adeniyi, said: “I am deeply grateful for my election as Chairperson of the Council.” The World Customs Organization (WCO) Council, the governing body of the organization, comprising the Heads of 186 Customs administrations, has formally endorsed Mr. Bashir Adewale Adeniyi, Comptroller-General of Nigeria Customs Service, as its…
Lebara Enters Nigerian Telecom Arena to compete with MTN, Airtel ,Glo and 9mobile
“You buy minutes, not airtime. If your call ends in 30 seconds, you still have 99 minutes and 30 seconds left. “ Lebara, a new telecom operator has made its entry into the Nigerian market with the introduction of its unique 0724 number. Nigerian Communication Week reports that Lebara is leveraging its status as a…