Blog

Nigeria’s broadband penetration inches up to 48.15%
News

Nigeria’s broadband penetration inches up to 48.15%

Nigeria’s broadband penetration rose slightly to 48.15% in April 2025, up from 47.73% in March, according to the latest data released by the Nigerian Communications Commission. The data reveals that the country had approximately 104.3 million broadband connections as of April. Despite this modest progress, Nigeria remains significantly behind the 70% broadband penetration target outlined […]

Nigeria Customs Service
Maritime

Customs generate N230bn revenue via unified system

The Nigeria Customs Service, Ports & Terminal Multiservices Limited Command has announced that it generated N230 billion in revenue through the Unified Customs Management System, also known as B’Odogwu, since its introduction in October 2024. This was disclosed in a statement on Sunday by the Area Controller, Tenny Daniyan, during a courtesy visit by the […]

Domestic refining output falls by 92% - Report
featured

P’Harcourt refinery wasn’t producing petrol before shutdown – IPMAN

The Independent Petroleum Marketers Association of Nigeria stated that the Nigerian National Petroleum Company Limited had to shut down the Port Harcourt Refining Company to save face. IPMAN emphasized that the shutdown has little impact on the Nigerian petrol market, noting that the refinery had not produced petrol for nearly three months before the closure. […]

Customs resume electronic auction of vehicles, overtime goods
News

Canada praises Nigerian customs for recovering 65 stolen vehicles

The Royal Canadian Mounted Police International Special Services has praised the Nigeria Customs Service for recovering 12 luxury vehicles recently through the RCMP Liaison Office in Lagos, adding to 53 vehicles recovered earlier. The RCMP also commended the NCS for its strong commitment to border security and disrupting transnational organized crime through strategic partnerships and […]

Business opportunities in Nigerian waste collection industry
News

Nigeria generates over 32m tonnes of waste yearly – Commissioner

The Honourable Commissioner for Environment in Ogun State, Ola Oresanya, stated that Nigeria produces over 32 million tonnes of waste every year, creating serious environmental and health problems. He emphasized the urgent need for effective waste management strategies nationwide. This was disclosed by the commissioner at the 2025 World Environment Day & Exhibition, themed ‘From […]

News

FG launches intra-African air cargo corridor with 50% discount

The Federal Ministry of Industry, Trade and Investment, in partnership with the United Nations Development Programme and Uganda Airlines, has officially launched the Nigeria–East/Southern Africa Air Cargo Corridor. This groundbreaking export initiative operates under the African Continental Free Trade Area framework. At the event held on Africa Day at Nnamdi Azikiwe International Airport, Abuja, Minister […]

Business

Foreign trade payments climb to $267.96m – CBN

Nigeria’s settlement of foreign trade transactions via Letters of Credit rose by 3.68% year-on-year to $267.96 million in the first four months of 2025, up from $258.46 million recorded during the same period in 2024. The figures were revealed in the International Payments Data published by the Central Bank of Nigeria on its website on […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
featured

NCC orders telecom operators to notify users of major outages

The Nigerian Communications Commission has issued a directive requiring telecommunications operators to promptly inform customers of significant service disruptions through various media platforms. The move aims to enhance transparency and improve consumer experience in Nigeria’s telecom sector. Under the new directive, operators must disclose the cause of any outage, specify affected areas, and provide an […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
Business

Tinubu’s reforms attracted $800m in mining sector – Minister 

Nigeria’s solid minerals sector is undergoing a revival, driven by the Tinubu administration’s strong focus on local value addition and tighter licensing regulations. These reforms attracted over $800 million in processing projects in the past year. The sector’s revenue skyrocketed to N38 billion in 2024, a sharp rise from N6 billion the previous year, despite […]

Elon Musk blames 'Supervillain-Level' cyberattack for X outage
News

Elon Musk back to 24/7 office work after X outage

Elon Musk has disclosed he would be increasing his involvement across his companies after the restoration of the social media platform X’s widespread outage that affected tens of thousands of users, primarily in the United States. According to the outage tracking website Downdetector.com, reports of access issues peaked at 8:51 a.m. ET, with over 25,800 […]

featured

FG moves to revive steel industry

The Nigerian Federal Government has ramped up efforts to resuscitate the nation’s struggling steel industry, with a strategic inspection visit to Premium Steel and Mines Limited, formerly Delta Steel Company, in Ovwian-Aladja, Delta State. The move signals a renewed push to restore Nigeria’s steel assets as part of a broader economic revitalization plan. Led by […]

Domestic refining output falls by 92% - Report
Business

P’Harcourt refinery shuts down for planned maintenance — NNPCL

The Nigerian National Petroleum Company Limited has announced a scheduled shutdown of the Port Harcourt Refining Company for maintenance, starting Saturday, May 24, 2025. In a statement by NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, the company said the temporary closure is part of a planned maintenance and sustainability assessment designed to enhance the refinery’s […]