Author: Olu Anisere

NPA Records 4.4% Rise in Cargo Throughput at Apapa Port in 2025 The Lagos Port Complex (LPC), Apapa, recorded a 4.4 per cent increase in cargo throughput in 2025, handling 21,997,773 metric tonnes, up from 21,069,745 metric tonnes in 2024. The General Manager of the port, Mr Debo Lawal, disclosed this in an interview with the News Agency of Nigeria on Tuesday in Lagos. Lawal attributed the improved performance to enhanced operational efficiency, infrastructure upgrades, and stronger collaboration among stakeholders. He said export cargo also rose by 3.8 per cent to 19,528,636 metric tonnes in 2025, up from 18,806,306 metric…

Tinubu Tasks Afreximbank on Africa’s Industrialisation, Value Addition President Bola Tinubu on Tuesday urged the African Export-Import Bank (Afreximbank) to intensify efforts to mobilise Africa’s human, financial and natural resources for the continent’s economic transformation. Tinubu gave the charge while receiving a delegation from Afreximbank, led by its President and Chairman of the Board, Dr George Elombi, at the State House, Abuja. The president said Africa must move beyond discussions to practical actions that would drive industrialisation, expand trade, create jobs and improve living standards. “The conscience and the future of Africa depend on what you and your team can…

DeXe price gained about 5% to $29.08, significantly outperforming a flat broader market, primarily driven by capital rotation

South African rand opens firmer on Tuesday ahead of net and gross reserves updates from the central bank.

The average yield on Nigerian Treasury bills declined by 9 basis points in the secondary market

Oil Prices Rise over Vessel Attacks, Ukraine Strikes Russia Oil prices jump on Tuesday as missile attacks on commercial vessels in the Strait of Hormuz and renewed Ukrainian strikes on Russian energy infrastructure heightened concerns over potential supply disruptions International benchmark Brent crude traded at $72.75 per barrel, up around 1.05% from the previous close of $71.99. US benchmark West Texas Intermediate (WTI) rose about 0.8% to $69.32 per barrel from $68.75 in the previous session. Market sentiment was supported by reports that Iran’s Islamic Revolutionary Guard Corps (IRGC) fired missiles at commercial vessels transiting the Strait of Hormuz late…

Moody’s Ratings has today upgraded Dangote Sugar Refinery Plc’s (DSR) long-term corporate family rating

Ripple has received full authorisation for its Crypto Asset Service Provider (CASP) licence from Luxembourg’s

Senate Approves N11.074trn Revenue Target for Customs The Senate Committee on Customs and Excise, on Monday, approved a ₦11 trillion revenue target for the Nigeria Customs Service (NCS). The upper chamber also approved N1.235 trillion expenditure estimate for the 2026 fiscal year, expressing confidence that the agency would sustain its reform programme and improve collections in spite of the mounting global economic uncertainties. The approval came after the Comptroller-General, Nigeria Customs Service, Mr Adewale Adeniyi, defended the Service’s 2026 budget before the committee at the National Assembly. Lawmakers commended the agency for exceeding its 2025 revenue target while acknowledging the…

Nigeria Lost N2.376tn to Grid Underutilisation in 12 years – NISO Abdu Bello, the Managing Director/Chief Executive Officer of the Nigerian Independent System Operator (NISO), says Nigeria lost over N2.376 trillion to power sector grid underutilisation in capacity payments since 2015. Bello said this at the 11th Nigeria Energy Forum 2026 (NEF-2026) Conference in Lagos. The theme of the conference is “Upscaling Value Addition for Sustainable Industrialisation”. Bello, who was represented by NISO’s General Manager, Research, Mr Deji Ojo, said the establishment of NISO was repositioning the power sector from infrastructure expansion towards operational excellence, market efficiency, reliability, and industrial…