The Nigeria Customs Service Tin Can Island Port Command generated N1.60 trillion in revenue in 2025, surpassing its annual target of N1.52 trillion amid improved compliance measures and intensified trade facilitation efforts. The disclosure was contained in a statement issued on Saturday by Oscar Ivara following the promotion of Frank Onyeka to the rank of Assistant Comptroller-General of Customs. Onyeka, who previously served as Customs Area Controller of the Tin Can Island Port Command, formally handed over leadership of the command after his elevation. The command also recorded N401.01 billion in revenue during the first quarter of 2026. Speaking during…
Author: Elvis Eromosele
African Food Changemakers (AFC) has launched an ambitious 2030 strategy aimed at accelerating Africa’s agrifood transformation by supporting one million agribusinesses with finance access, market opportunities, climate resilience, and enterprise development tools. The organisation said the initiative will be driven through the AFC Hub, a platform designed to connect agrifood enterprises to funding, partnerships, market intelligence, and industry resources needed to scale sustainably across the continent. According to a statement issued by AFC’s communications team, the organisation also plans to support 5,000 women- and youth-led agriSMEs to compete in regional and international trade, while helping another 5,000 agribusinesses adopt climate-smart…
Concerning DSO, there is fresh excitement, optimism and great expectation preceding the July launch, and I am happy to share in all the euphoria. After blowing over N60bn on a project that smaller African nations have since concluded but which remains in a convoluted suspense here, you won’t blame anybody for hoping once more. The word from the seat of government gives us hope, especially from a Minister who has worn humility as a badge, and performance as a deal with destiny; a Minister different from the rest of them all in not being an insouciant ventriloquist to a master…
“A nation does not lose dignity all at once. It loses it gradually, in the way its citizens are treated abroad, in the quality of services forced upon them, and in the silence with which they endure humiliation.” I recently flew from Toronto to Abuja on British Airways. From Toronto to London, the experience was superb. The aircraft was modern, elegant, and technologically advanced. We enjoyed seamless Starlink WiFi throughout the journey free of charge. The service was efficient, courteous, and unmistakably world-class. For a moment, one felt respected as a paying customer. Then we landed in London and boarded…
Nestlé Nigeria has rounded off the 15-year anniversary celebration of its Technical Training Initiative with the graduation of 20 new trainees from the Abaji Factory Technical Training Centre. This follows the recent celebration held at its Flowergate Factory in Sagamu. The graduation reinforces the company’s long-standing commitment to equipping young Nigerians with technical and vocational skills that enhance employability, strengthen industry capability, and create meaningful pathways to work. With an investment of over ₦6 billion, the programme, first established at Agbara Factory in 2011 and now present in Abaji and Flowergate, has equipped hundreds of young Nigerians with hands-on technical…
To encourage football lovers, especially followers of the Nigeria Premier Football League, to watch Rangers International Football Club of Enugu take on Ikorodu City Football Club of Lagos in a 4:00p.m. final day league match on Sunday, May 24, 2026, Afrinvest West Africa has rolled out a cart of gifts for fans. According to the investment banking firm, which is the official jersey sponsor of Rangers International FC, fans interested in the initiative are required to register via: https://zfrmz.com/LDMun5XO9v0tQ3R62nUL “The gifts include 300 tickets, 200 jerseys, and special gift items for the first 100 Rangers FC fans to arrive at the…
Mondelēz International (Nasdaq: MDLZ), one of the world’s leading snacking companies with iconic brands such as Cadbury, OREO, Bournvita, and Halls, has announced the appointment of Ayman Fahmy as Managing Director, West Africa. In this role, Ayman, whose appointment took effect from 15 May 2026, will spearhead the company’s business operations and accelerate market expansion across the West Africa region. Ayman will also lead Cadbury Nigeria PLC, the company’s listed Nigerian entity, where Mondelēz International proudly manufactures beloved local flagship brands including Cadbury Bournvita, Cadbury 3 in 1 Hot Chocolate Drink, TomTom and Buttermint. Having served with distinction as interim…
Dangote Refinery has drawn strong investor interest in its planned private placement, with demand approaching $2 billion as preparations intensify for its anticipated stock market listing. Chairman Aliko Dangote disclosed the development on Wednesday during a visit by Femi Otedola and senior executives of First HoldCo to the refinery and fertiliser complex located in the Lekki Free Trade Zone. According to Dangote, investor appetite for the refinery has remained exceptionally strong, with total indications of interest already exceeding the size of the proposed private placement. He said the company is targeting a market entry by September, as both institutional and…
The Joint Admissions and Matriculation Board (JAMB) has released 279 results from the 2026 Unified Tertiary Matriculation Examination (UTME) that were previously withheld over suspected examination malpractice. The development was announced on Thursday by Fabian Benjamin through a statement shared on his X account. JAMB had started releasing the 2026 UTME results on April 20 after conducting the examination for more than 2.2 million candidates across the country. However, some results were withheld for further investigation over suspected malpractice. According to the Board, the 279 results were eventually released after investigations found no prima facie evidence of wrongdoing against the…
Seplat Energy says rising geopolitical tensions between the United States and Iran could boost crude oil prices and strengthen the company’s cash flow position. Roger Brown, Chief Executive Officer of Seplat Energy, made the disclosure during the company’s 13th Annual General Meeting (AGM) held on May 20, 2026, where shareholders approved several resolutions, including dividend payments and board appointments. According to Brown, Seplat prepared its 2025 budget using conservative oil price assumptions of between $65 and $70 per barrel before recent geopolitical developments pushed crude prices higher. “We will likely see higher oil prices while the Iran-U.S. squabbles exist, and…