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Bills without customer ID now invalid – Ikeja

  • 12th February 2026
Manufacturers, importers to stop supplying drugs to Kano market

FG orders NAFDAC to halt sachet alcohol ban

  • 11th February 2026

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Tag: Nigeria

Business

Nigeria, South Africa to exit dirty-money list October

Nigeria and South Africa may be removed from the Financial Action Task Force grey list as soon as next month, a move expected to strengthen investor confidence in Africa’s two largest economies. The Paris-based FATF, which oversees global measures against money laundering and terrorist financing, added both countries to the grey list in February 2023 […]

News

Nigeria’s external reserves hit six-year high with $42bn

Nigeria’s external reserves have risen to their highest level in six years, surpassing $42bn for the first time since September 2019. Central Bank of Nigeria data show the reserves stood at $42.03bn on 19 September 2025, signalling a strong rebound from earlier lows this year and boosting confidence in foreign exchange stability. This latest figure […]

Business

Nigeria saves $1.7m as e-call-up clears 3.2m trucks

The chaotic gridlock that paralyzed Lagos ports and disrupted Nigeria’s maritime economy for over a decade is easing, following the rollout of the Ètò electronic call-up system operated by Trucks Transit Parks Limited. Since its launch in February 2021, Ètò has processed more than 3.2 million truck and non-port movements in 54 months, cutting turnaround […]

News

Nigeria Ranked 105th in global Innovation index

Nigeria has been ranked 105th in the World Intellectual Property Organisation Global Innovation Index 2025, emerging as one of the fastest climbers despite falling short of the top 100. The country also leads globally in unicorn valuation, reflecting growing venture capital activity and high-tech investment. WIPO, the UN agency supporting innovators worldwide, evaluates nearly 140 […]

News

Nigeria sets 2060 target for net-zero emissions

President Bola Tinubu has reiterated Nigeria’s pledge to reach net-zero emissions by 2060, aiming to balance the greenhouse gases released into the atmosphere with those removed. Former President Muhammadu Buhari set Nigeria’s target for net-zero emissions by 2060 at the 2021 COP26 climate summit in Glasgow. On Monday, President Tinubu reaffirmed this commitment at the […]

Business

Nigerian entertainment industry to hit $13.6bn by 2028 — Report

The Nigerian entertainment industry is projected to hit $13.6 billion by 2028, according to a new report by the Rome Business School Nigeria. The study, titled “The Entertainment Business in Nigeria: A Model for Export,” highlights how Nigerian musicians, filmmakers, digital creators, fashion designers, and comedians are reshaping global culture. Valued at $9 billion in […]

Business

Nigeria’s box office crosses N10bn mark in August

Nigeria’s box office has hit a new milestone, raking in over N10 billion in ticket sales by the end of August 2025. This marks a 58% jump from the N6.4 billion recorded in the same period last year, underscoring Nollywood’s growing influence and the resilience of the country’s cinema culture. Cinema admissions climbed to 1.84 […]

Business

Nigeria’s FX reserves hit $41bn, highest in 44 months

Nigeria’s foreign exchange reserves climbed to $41.00 billion on August 19, 2025, reaching a 44-month high. Data released on the Central Bank of Nigeria website shows this is the largest reserve level since December 3, 2021, reflecting consistent external inflows in recent weeks. The recent upturn follows months of gradual decline and volatility, mainly driven […]

Exchange rate for cargo clearance hits N1605.8/$1
Business

Nigerian firm lands $40m Afreximbank funding for St. Kitts deep-water port

Nigerian entrepreneur and Managing Director of Aquarian Consult, Mrs. Aisha Maina, has secured a $40 million investment, backed by the African Export-Import Bank, to develop a deep-water port in St. Kitts, aimed at establishing a direct trade corridor between Africa and the Caribbean. According to the statement, the agreement, also involving the Government of St. […]

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Nigeria exploring alternatives as US tariff kicks in – Minister

A 15 per cent United States tariff on Nigerian imports is set to take effect Thursday, but Nigeria seems largely unbothered, focusing instead on regional and alternative markets. Speaking to CNN on Wednesday, Trade Minister, Jumoke Oduwole, stated that the U.S.–Nigeria trade relationship is “primarily energy-focused,” noting that the government is actively working to expand […]

Business

Nigeria’s trade mission to US set for September

The Nigerian-American Chamber of Commerce has announced plans to lead a trade and investment mission to the United States from September 9 to 15. In a statement on Tuesday, the chamber said the mission, themed “Flavours Without Borders,” will take place in Miami, Florida. The statement was jointly signed by the Acting Director-General, Wofai and […]

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