Author: Ogochukwu Ndubuisi

Nigeria Calls for Stronger African Unity Ahead of Global Telecoms Elections Nigeria has called for greater unity among African nations to advance shared priorities and strengthen the continent’s influence in international decision-making, especially with Africa seeking a stronger voice in shaping the future of global telecommunications and digital innovation. The call was made at the Seventh Ordinary Session of the African Telecommunications Union (ATU) Conference of Plenipotentiaries in Abuja, where policymakers, regulators and industry leaders from across the continent gathered to chart a common course for Africa’s digital future ahead of key international telecommunications engagements. Speaking on behalf of the…

Nigeria May Face Rice, Tomato Scarcity in 3 Months — OTACCWA The President, Organisation for Technology Advancement of Cold Chain in West Africa (OTACCWA), Mr Alexander Isong, says Nigerians may face rice, tomato and staple food shortages within three months. Isong, also the Country Director, Nigeria World Agriculture Forum, gave the warning in an interview with the News Agency of Nigeria on Sunday in Lagos. He said the projected shortages could worsen food inflation and further strain households already struggling with rising food prices across the country. According to him, rice production is projected to decline by six per cent…

ECA urges Africa to boost domestic resources for industrialisation The Economic Commission for Africa (ECA) has urged African countries to strengthen domestic resource mobilisation to finance industrialisation and reduce dependence on external funding. The Executive Secretary of ECA, Mr Claver Gatete, made the call in a statement on Saturday in Abuja. Gatete spoke at a joint session of African Union Specialised Technical Committees on finance, trade, industry and minerals. He said that sustainable development could not rely indefinitely on external financing amid growing global economic uncertainties. He said recent geopolitical tensions and supply chain disruptions had exposed structural weaknesses across…

Banking Stocks to Drive Market Rally in Coming Weeks- Analyst Wyoming Capital and Partners has projected a positive outlook for the Nigerian stock market in the coming weeks, with banking stocks expected to drive a fresh market rally The Chief Executive Officer of the firm, Mr Tajudeen Olayinka, said this in an interview with the News Agency of Nigeria in Lagos on Saturday. Olayinka attributed the expected rally to investors positioning ahead of the release of half-year corporate earnings and interim dividend announcements by listed companies. “We are expecting half-year results from some listed companies, especially those that traditionally declare…

Ecobank Nigeria has introduced “Scaling Up!!!”, a business storytelling podcast, aimed….

Capital Market Governance Requires Robust Legal Framework Sen. Osita Izunaso, Chairman of the Senate Committee on Capital Market and Institutions, says effective capital market governance now requires robust legal frameworks to preserve market integrity. Izunaso said this at the 16th Virtual Inaugural Lecture of the Capital Market Academics of Nigeria in Abuja He said the legal frameworks must also remain flexible enough to accommodate innovation and emerging financial products. The senator called on the National Assembly to institute periodic reviews of the Investments and Securities Act and other financial sector laws. According to him, the reviews will ensure that Nigeria’s…

The Nigerian Exchange (NGX) delivered about a 59% return from the beginning of the year to date

Nigeria Customs Service unveils MIS File Tracker The Nigeria Customs Service (NCS) on Friday unveiled its Management Information System (MIS) File Tracker at the PTML Area Command, Lagos, to deepen digital transformation and improve administrative efficiency. The Comptroller-General of Customs, Bashir Adeniyi, said the initiative aligned with the Service’s modernisation agenda aimed at expanding digital solutions, enhancing transparency and facilitating seamless trade. Adeniyi, represented by the Deputy Comptroller-General in charge of ICT/Modernisation, Mrs Oluyomi Adebakin, at the event, reaffirmed the Service’s commitment to leveraging technology to transform operations and improve service delivery across its commands nationwide. He said the unveiling…

Africa Must Control its Resources, Trade – Shettima Vice President Kashim Shettima says African nations must take their rightful place in controlling the continent’s resources and global trade. Shettima spoke on Friday in Cotonou, Republic of Benin, during a tour and assessment of the Glo-Djigbé Industrial Zone (GDIZ). He said Africa must maximise its vast natural endowments by developing industries capable of processing raw materials into higher-value products. The vice president said Nigeria’s renewed industrialisation drive would leave no region behind, with the Federal Government working alongside subnational governments. He expressed satisfaction with Benin’s efforts to achieve mass production and…

NGX Urges Integrated African Capital Markets The Nigerian Exchange Group (NGX Group) has urged African countries to play a more active role in shaping global capital markets. The group called for stronger, innovative and integrated financial systems capable of supporting Africa’s long-term economic transformation. The call is contained in a statement issued by NGX Group on Friday and made available to the News Agency of Nigeria (NAN) in Lagos. Dr Umaru Kwairanga, Group Chairman of NGX Group, made the call at the Royal African Society’s 125th Anniversary Flagship Business event. The event was held at the London Stock Exchange with…