Enoh Says Nigeria Spends $6bn Yearly on Textile Imports
Deputy industry minister John Owan Enoh says Nigeria’s heavy textile import bill continues to drain foreign exchange and weaken local manufacturing capacity.
Deputy industry minister John Owan Enoh says Nigeria’s heavy textile import bill continues to drain foreign exchange and weaken local manufacturing capacity.
At Eko Hotels’ Legacy Summit, Air Peace Chairman Allen Onyema says poor infrastructure and overreliance on oil continue to hinder Nigeria’s tourism growth.
NEITI blames illegal mining, weak regulation and opaque ownership for illicit financial flows undermining Nigeria’s mining sector.
SEC cautions against unregistered online investment schemes, urging Nigerians to verify platforms before investing to avoid financial losses.
PenCom approved a one-off waiver allowing pension funds participate in Dangote Refinery’s anticipated IPO despite regulatory restrictions.
NAICOM arrested suspected fake insurance operators in Abuja, warning offenders face prosecution under Nigeria’s new insurance reform law.
Nigeria is nearing its OPEC quota as output hits 1.85 million barrels per day amid improved security and zero vandalism.
Ambassador Wallace Williams says “evolving livewire” Eko Hotels has become a vibrant tourism hub, urges government collaboration to drive hospitality growth.
Eko Hotels says stronger African collaboration, improved flight connectivity, and enabling policies will unlock tourism and hospitality growth across the continent.
NCAA has granted Pioneer Airlines an operational licence for unscheduled flights.
Air Peace says Lagos–London Gatwick flight returned over enroute airspace issues, apologising to affected passengers for disruption.
EY survey shows CEOs prioritise geopolitical risk while focusing on disciplined growth, resilience, and long-term profitability strategies.
Pioneer Airlines receives certification from NCAA, with officials urging strict adherence to aviation safety regulations and monitoring standards.
Nigeria’s oil production rises to highest 2026 level but remains below OPEC crude output allocation target.
Dangote Refinery supplied 79% of Nigeria’s petrol in April as imports dropped 37%, NMDPRA data shows.
Analyst says stronger telecom investment is critical to Nigeria’s economic growth despite rising operational challenges.
NCAA says Air Peace followed global aviation safety protocols after a bird strike disrupted its London-Lagos service, criticises attempts to “demarket” the airline.
Okey Ikechukwu warns the Amukpe–Escravos Pipeline must not be undervalued, calls current transaction process flawed.
Oshiomhole defends tough stance on South Africa, saying Nigerian lives outweigh economic interests and foreign investments completely.
Lagos and Afreximbank launch global design tour showcasing African talent to boost creativity, trade, and market access.
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