The Aviation Ground Handlers Association of Nigeria (AGHAN), the umbrella body of ground handling companies in the country, has suspended ground handling services to Max Air over debt. The action, which took effect today, effectively grounded the airline’s domestic operations nationwide, marking the first major enforcement move by the associat...
•Naira and Dollar notes Data from the Central Bank of Nigeria’s exchange rate portal, Nigerian Foreign Exchange Market (NFEM), showed that the naira rate remained around the ₦1,360 per dollar mark in recent trading sessions. The NFEM rate remains the country’s official benchmark exchange rate and is derived from volume-weighted transactions in...
The federal government through the Nigeria Revenue Service (NRS) has unveiled its digital tax administration platform, Rev360, to identify tax evaders, while also delivering a more integrated, intelligent, and taxpayer-centric tax administration experience. Speaking at the event in Abuja yesterday, the Executive Chairman of the Nigeria Revenue...
•Okon Engr. Effiong Okon is one of Nigeria’s most accomplished energy industry professionals, with more than three decades of experience spanning engineering, offshore operations, project management, business transformation, and energy transition. His appointment as the incoming Chief Executive Officer of Seplat Energy, effective August 1, 202...
•An aso-oke dealer displays finished aso-oke The Manufacturers Association of Nigeria (MAN) has called for stakeholder engagement over the Senate’s proposal to ban the import of textile materials. MAN’s Director-General, Segun Ajayi-Kadir, suggested this during an interview on Channels Television today. “I want to appeal to the National Assemb...
•Bags of charcoal Many households now turn to charcoal, an alternative that is increasingly becoming expensive as demand grows. Across several states, including Kaduna, Kano, Ondo, Kwara and the Federal Capital Territory (FCT, among others, residents say they are struggling to cope with the soaring cost of both cooking gas and charcoal. Consum...
•The Dangote Refinery Africa’s largest financial institution, Standard Bank Group, has reaffirmed its commitment to support the growth of Dangote Industries Limited, pledging backing for the planned listing of the Dangote Petroleum Refinery while expressing readiness to finance future expansion projects across the continent. The commitment cam...
•Lekki seaport, Lagos Foreign investment into Nigeria’s production and manufacturing sector declined sharply by 50.7 percent quarter-on-quarter to $152.27 million in the first quarter of 2026 (Q1’26), down from $308.93 million recorded in the preceding quarter (Q4’25), according to the latest Capital Importation Report released by the Nationa...
•Tinubu and IMF logo The International Monetary Fund said today that reforms implemented by the Nigerian government had strengthened the country’s economy, but warned that more than 60 percent of Nigerians now live in poverty. Since taking office just over three years ago, President Bola Tinubu has removed a costly fuel subsidy that had kept [...
•Nigerian Senate The Senate has asked the federal government to impose an outright ban on the importation of foreign textile materials as part of efforts to revive Nigeria’s struggling textile industry and stimulate local cotton production. The upper chamber also urged the federal government, through the Ministries of Agriculture and Trade and...

