WORK IN PROGRESS: Nigeria's Transport Minister, NIMASA DG Inspect Lekki Deep Sea Port Project

Director General of NIMASA Dr Bashir Jamoh and other CEOs in Nigeria’s Maritime Industry joined the Minister of Transportation, Chibuike Rotimi Amaechi, on a working visit to the Lekki Deep Sea Port project on Friday, July 9, 2021.

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Prime Business Africa

Nigerian Stock Market Cap Extends Decline With N73.44bn Loss

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

Ellah Lakes Plc’s ambitious N235 billion public offer has ended in disappointment, with the company announcing it will refund investors due to

Iran Unrest Rekindles as Students Rally Against Leadership, Trump Warns Tehran to Strike ‘Fair Deal’

Student-led protests have erupted across several Iranian cities, with demonstrators chanting “Death to Khamenei” and other anti-government slogans, as U.S. President Donald

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CPPE Highlights What Must Be Done To Sustain Disinflation In Nigeria

CPPE Welcomes CBN Rate Cut, Flags Potential Limitations

The Centre for the Promotion of Private Enterprise (CPPE) has welcomed the Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) by 50 basis points to 26.5 percent, describing it as a positive signal for growth. In a

Worry Grows as Tinubu Extends Ban on Raw Shea Nut Exports

President Bola Tinubu has extended the ban on exporting raw shea nuts for another year, from 26 February 2026 to 25 February 2027, in a bid to boost local processing and value addition. Nigeria has the largest shea belt in the world,

Tinubu Targets N40.7tn in Tax Revenue for 2026

President Bola Ahmed Tinubu’s administration is aiming to collect N40.7 trillion in revenue for 2026, Executive Chairman of the National Revenue Service (NRS), Zacch Adedeji, told the House of Representatives on Wednesday. The target covers taxes, petroleum earnings, mineral royalties, and other

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce its workforce by up to 20 percent, following widening annual losses linked to US tariffs and weak demand in China. The cuts will affect around 600 employees, out of the company’s 3,000-strong

US Denies Selling AI Chips to China Amid Security Concerns

A high-end Nvidia chip that can train and run artificial intelligence systems has not yet been sold to Chinese firms, a US Commerce Department official said. The H200 chip had previously been blocked from sale in China over national security concerns. In

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