FIRS: E-Invoicing to Boost Access to Credit for Manufacturers
The Federal Inland Revenue Service (FIRS) has revealed that the adoption of e-invoicing could significantly enhance access to credit for manufacturers in Nigeria. This observation was made during a stakeholders’ engagement session held in Lagos with key players in the manufacturing sector, as part of preparations for the launch of Nigeria’s National E-Invoicing System on July 25 . The FIRS...
Centre for Marine Surveyors Launches Initiative to Boost Standards in Nigeria’s Maritime Sector
The Centre for Marine Surveyors in Nigeria has embarked on a strategic initiative aimed at enhancing operational standards and reinforcing regulatory frameworks within the nation’s marine and cargo survey sub-sector. In a statement released on Tuesday, signed by its President, Engr. Akin Olaniyan , the Centre highlighted its commitment to addressing critical gaps in Nigeria’s maritime industry. Olaniyan emphasized that...
Ecobank Nigeria, Qatar Airways Reward Top Vendors at ‘Oja Oge’ Fair
Ecobank Nigeria has partnered with Qatar Airways to reward outstanding exhibitors at the recently concluded ‘Oja Oge by Ecobank’ fair , a three-day fashion, beauty, and lifestyle event held in Lagos. The awards ceremony saw top-performing vendors receiving flight tickets and cash prizes for their exceptional performance during the event. According to a statement from the bank, Goodness and Mercy...
Wole Oke Calls for Stronger BRICS Trade Ties to Counter Global Economic Uncertainty
The Chairman of the House Committee on Foreign Affairs, Wole Oke , has urged the BRICS nations and their partners to deepen trade cooperation, reduce reliance on Western markets, and adopt local currency transactions to mitigate exposure to "volatile currency politics." Speaking at a BRICS trade forum in Brazil on Tuesday, Oke emphasized that the world is entering an era...
Nigeria’s External Reserves Decline Amid Falling Oil Prices, CBN Implements Countermeasures
Nigeria’s external reserves have declined by 5.91% in the first four months of 2025, dropping from $40.88 billion in January to $38.47 billion as of May 29. This decline is largely attributed to a significant 16.74% drop in crude oil prices , which fell from $73.29 per barrel on January 2 to $62.78 per barrel by May 31. The...
Sundry Markets Limited Named Among Africa’s Fastest-Growing Companies for Second Year
Sundry Markets Limited (SML) , the operator of the popular Marketsquare supermarket chain , has been recognized by the Financial Times (FT) as one of Africa’s fastest-growing companies for the second consecutive year. In the 2025 edition of the FT’s ranking—developed in collaboration with Statista —SML secured the 47th position out of 130 companies across the continent, affirming its...
Gen Z Takes Center Stage as Bells University Celebrates Two Decades of Excellence
In a grand celebration marking its 20th anniversary, Bells University recently hosted an inspiring symposium focused on empowering Nigeria's youth to lead Africa into a digital future. Dubbed La Exposición de Bells , the event brought together students, alumni, industry leaders, and educators to reflect on the institution's achievements and chart a course for tomorrow. Speaking at the event, keynote...
Asian Shares Fall as Trump Tariffs Get Temporary Reprieve, Fueling Trade Uncertainty
Asian shares declined on Friday after a U.S. appeals court granted a temporary reprieve to former President Donald Trump’s sweeping tariffs, reigniting uncertainty just a day after judges ruled the measures unconstitutional. The losses reversed a global market rally seen the previous day, with analysts warning that ongoing legal battles could exacerbate volatility and complicate trade negotiations between the...
MAN Urges FG to Enact Nigeria First Policy as Law to Revive Manufacturing Sector
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to transform the Nigeria First Policy into law to bolster the manufacturing sector. In his keynote address at the 2025 BusinessDay Manufacturing Conference in Lagos, MAN Director-General Segun Ajayi-Kadir emphasized that gazetting the procurement policy would ensure its implementation across all government arms and the private sector. The Nigeria First...
NEPZA, House Committee Vow to Enforce FTZ Regulations for Full Remittances
The Nigeria Export Processing Zones Authority (NEPZA) and the House of Representatives Committee on Public Accounts have pledged to enforce regulations governing Free Trade Zones (FTZs) to ensure prompt and full remittances into the Federation Account. This resolution followed an oversight visit by the House Committee to the Dangote Refinery and Petrochemicals Free Zone Enterprise and the Lagos Free Zone...
