Author: Ogochukwu Ndubuisi

Canada, Nigeria Trade Reaches C$3.2bn as LBS Advocates Deeper Partnership The Lagos Business School (LBS) has called for deeper Canada-Nigeria economic collaboration as bilateral trade between both countries reached C$3.2 billion in 2025 amid shifting global trade dynamics. The Dean of LBS, Prof. Olayinka David-West, made the call on Thursday in Lagos during a fireside chat with the Deputy High Commissioner of Canada to Nigeria, Mr Carlos Rojas-Arbulu. The event had the theme: “Leading Africa’s Future: Business, Purpose, and the Canada-Nigeria Partnership.” David-West said Canada had become one of the leading destinations for Nigerians seeking education, business opportunities and migration,…

WHO Declares Hantavirus Outbreak Over, Warns of Escalating Ebola Crisis World Health Organization (WHO) has officially declared the recent Hantavirus outbreak over. The declaration was made after the final person exposed aboard the cruise ship MV Hondius completed quarantine, tested negative, and returned home. Speaking during an online briefing on Thursday, WHO Director-General, Dr Tedros Ghebreyesus, said that no new infections have been recorded since May 25, marking the end of the international public health response to the outbreak. According to him, the outbreak resulted in a total of 13 confirmed cases and three deaths. “Health authorities successfully identified and…

Dangote Cement Targets 80Mta Capacity, 10Mt Exports by 2030 Dangote Cement Plc says it is accelerating its pan-African expansion, targeting 80 million tonnes of annual production capacity and 10 million tonnes of cement and clinker exports by 2030. The Chairman of the company, Mr Emmanuel Ikazoboh, disclosed this at the 17th Annual General Meeting of the company on Thursday in Lagos. Ikazoboh said the expansion strategy was driven by rapid urbanisation, infrastructure development, housing deficits and population growth across Africa. According to him, the company is positioning itself to play a leading role in Africa’s industrialisation. He said the commissioning…

NPA Expects 33 Ships Carrying Petroleum Products, Food Items No fewer than 33 ships laden with petroleum products, food items, and other goods are expected to arrive at the Apapa, Lekki Deep Sea, and Tincan Island ports in Lagos. The Nigerian Ports Authority (NPA) disclosed this in its Daily Shipping Position released on Thursday. It said that the arrival would be between July 2 and July 10. According to NPA, 12 of the expected vessels will berth with containers carrying different goods, while the remaining 21 ships are expected to carry bulk urea, petrol, general cargo, crude oil, fresh fish,…

Customs LFTZ Command Records N408.8bn Revenue in 2026 Half Year Lagos Free Trade Zone (LFTZ) Command of the Nigeria Customs Service has generated N408.8 billion in revenue between January and June 2026. The Customs Area Controller (CAC), Comptroller Hauwa Abubakar, disclosed this at a news conference and stakeholders’ sensitisation programme held on Thursday in Lekki. Abubakar said the figure represented 28.85 per cent increase over the N317.3 billion collected during the corresponding period of 2025. Abubakar said the command surpassed the previous year’s performance by N91.5 billion, attributing the growth to improved compliance, operational efficiency and sustained engagement with stakeholders…

BOI Unveils Maiden Impact Report, Disburses N644.9bn, Records 1.68m Jobs in 2025 The Bank of Industry (BoI) has unveiled its maiden 2025 Annual Development Impact Report, with Managing Director Dr Olasupo Olusi describing the year as a defining moment in Nigeria’s banking history. Olusi, at the unveiling of the report on Thursday in Abuja, said 2025 marked the first full year of executing BOI’s 2025-2027 Corporate Strategy. According to him, it is also the year the institution deliberately shifted from measuring success by disbursement volumes to measuring the development impact created. He disclosed that the bank disbursed a total of…

FG Moves to Operationalise Digital Postcode System The Federal Government has reaffirmed its commitment to the nationwide adoption of the National Digital Alphanumeric Postcode System to improve governance, strengthen service delivery and accelerate Nigeria’s digital transformation. The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, said this on Thursday in Abuja at a stakeholder workshop on the operationalisation of the Nigerian Digital Postcode for Ministries, Departments and Agencies (MDAs). Tijani, represented by the Permanent Secretary in the ministry, Mr Nadungu Gagare, described the digital postcode as a critical national digital public infrastructure that would support smarter governance and…

United Capital Forecasts Marginal Rise in June Inflation to 15.95% The Research Department of United Capital Plc has projected a marginal increase in Nigeria’s headline inflation rate to 15.95 per cent in June 2026, from 15.93 per cent recorded in May. The projection is contained in the company’s June research report made available to the News Agency of Nigeria on Thursday in Lagos. According to the report, the expected increase is largely driven by rising prices of some food items, particularly tomatoes, although the impact was moderated by lower prices of Premium Motor Spirit. It said the survey recorded mixed…

Google Projects $90.6bn Economic Boost, Unveils Five AI Initiatives for Africa Google Cloud on Wednesday says its Johannesburg Cloud Region could generate an additional $90.6bn in economic output and support nearly 315,000 jobs by 2030. Maureen Costello, Vice President for UK, Ireland, and Sub-Saharan Africa at Google Cloud, made this known in a statement. According to her, the projection came as the company unveiled five Artificial Intelligence (AI) initiatives aimed at accelerating Africa’s digital transformation through infrastructure, innovation, startup funding and digital skills development. She said the announcements were made at Google’s inaugural Africa Cloud Summit in Johannesburg, which was…

Dangote Cement Pays N3.3 Trillion as Dividend in 15 Years Shareholders of Dangote Cement Plc are set to receive a record dividend of N45 per share for the 2025 financial year, representing a 50 per cent increase over the previous payout and further reinforcing the company’s position as one of the most rewarding investments on the Nigerian capital market. The company has now distributed over N3.3 trillion in dividends to shareholders over the last 15 years, underscoring its unwavering commitment to creating sustainable value for investors The latest dividend announcement reflects the strength of Dangote Cement’s business model, its resilient…