By Amarachi Eneji Traditional rulers representing all 286 villages in Akamkpa Local Government Area have declared their full support for the Cross River State Government’s ongoing effort to profile mining and quarry operations across their communities. The endorsement came during an interactive session with the Commissioner for Mineral Resources, Ntufam Effiom-Ekaha Otu, held recently at…
The German development bank KfW acting on behalf of and for the account of the Federal Republic of Germany has become the latest shareholder in the African Trade & Investment Development Insurance (ATIDI). KfW becomes the 13th Institutional shareholder in Africa’s premier development insurer, further strengthening the organisation’s capital base and its capacity to support…
By Our Reporter The Nigerian Exchange Limited (NGX) has announced the expansion of its trading hours from 9:00 a.m. to 4:00 p.m. (WAT), effective Monday, 27 April 2026, in a move designed to deepen market liquidity, enhance price discovery, and broaden investor access. Approved by the Securities and Exchange Commission (SEC) Nigeria, the expansion shifts…
• Expansion strengthens Etihad’s presence across high-growth African markets, connecting the continent to Abu Dhabi and the world beyond • Reinforces Abu Dhabi’s role as a gateway for trade, cargo and investment flows between Africa and Asia • Builds on Etihad’s growing China network alongside its extensive India network, opening a new corridor linking Africa…
By Our Reporter MTN Nigeria Communications PLC has temporarily suspended its airtime and data lending service, Xtratime, following the introduction of new regulatory requirements governing digital credit services in Nigeria. The company disclosed this in a corporate filing to the Nigerian Exchange Limited on Thursday, stating that the decision was driven by compliance obligations under…
Strait of Hormuz By Joe Udo Oil prices dropped sharply on Friday, April 17, after the Iranian foreign minister announced that the Strait of Hormuz would be “completely open” for commercial transit for the duration of the current ceasefire. Brent crude, the global benchmark, fell 9.5% to just below $90 per barrel, while WTI, the…
By Kingsley Agim Cross River State has intensified efforts to unlock a maritime-driven economic boom, as the government on Thursday in Calabar convened a high-level sensitisation forum to galvanise stakeholder support for the Bakassi Deep Seaport project, a flagship initiative aimed at repositioning the state as a major hub in Nigeria and the West African…
Mr Edet Effiong Uliong, Ship Captain By Our Reporter Mr Edet Effiong Uliong, a ship captain, has observed that despite widespread complaints about economic hardship and rising inflation in Nigeria, the country continues to attract growing interest from foreign nationals. Uliong said that in many countries he has visited, people express a strong desire to…
By Joe Udo “If I could use only a few words to describe Aliko Dangote, I would say he is indefatigable, resilient, and foresighted. He is one of the greatest African entrepreneurs of our time. As founder of the Dangote Group, he has financed and manufactured everything from cement to sugar to oil, and recently,…
By Our Reporter Nigeria’s Minister of Steel Development, Shuaibu Abubakar Audu, has signed a $1 billion Memorandum of Understanding (MoU) with India-based Rashmi Metaliks Group to boost investment in Nigeria’s steel sector. A statement signed by the head of Press and Public Relations, Ministry of Steel Development, Salamatu Jibaniya says the agreement, signed in Kolkata…
