The Nigerian Aviation Handling Company (NAHCO) has announced a remarkable financial performance in the first half of 2025, recording a net profit of ₦8.88 billion, up significantly from its performance in the same period last year. This impressive result reflects robust demand for ground-handling services across airports and underscores the firm’s improving operational efficiency in Nigeria’s aviation sector. At a management briefing in Lagos, NAHCO’s Chief Executive Officer highlighted the company’s strategic response to growing passenger and cargo volumes, stating that improved revenue from airport operations, cargo logistics, and training services contributed to the strong bottom‑line result. Despite persistent headwinds…
Author: Temitope Nlewemchi
Nigeria celebrated a historic milestone as egusi seeds were officially launched into space, becoming the nation’s first indigenous agricultural product to be carried beyond Earth, in a high-altitude scientific mission aimed at advancing food research under microgravity conditions. The mission, conducted by a Nigerian university in partnership with an international space research institute, included a small payload capsule laden with carefully sealed egusi seeds. Lifted aboard a suborbital rocket, the seeds traveled to the edge of space, exposing them to microgravity, cosmic radiation, and other extreme conditions before being retrieved and returned to Nigeria for analysis. Scientists and stakeholders hailed…
Industry leaders, shipping agents, and importers are urging the Federal Government to significantly expand port automation as a means to dramatically reduce cargo delays and boost overall logistics efficiency. The current delays remain a major bottleneck, hindering trade competitiveness, driving up costs, and limiting port throughput capacity. At a high-level roundtable held in Lagos, representatives from various sectors—including freight forwarding firms, shipping lines, and trade associations—highlighted inefficiencies in manual processing, extended clearance times, and inconsistent handling procedures as key drivers of port congestion. They called for comprehensive automation across documentation, terminal operations, and customs workflows to streamline cargo movement. Stakeholders…
The Ogun State chapter of the Manufacturers Association of Nigeria (MAN) has called on local manufacturers to actively seek alternative means of financing to sustain their operations in the face of escalating production costs, tight liquidity, and dwindling consumer demand. Speaking at the association’s Annual General Meeting in Abeokuta, the Chairman of MAN in Ogun, George Onafowokan, said that manufacturers in the state are under immense pressure due to a mix of macroeconomic headwinds, including forex scarcity, inflation, and high interest rates from commercial lenders. He emphasized that the current economic situation demands a shift in how industrialists approach financing,…
Corporate and content stakeholders have been called upon to forge strategic partnerships in order to tap into a burgeoning $250 billion market ecosystem, driven by the convergence of creative talent, commercial branding, and Nigeria’s creative economy. During a high-profile industry dialogue in Lagos, government officials, business leaders, and creative industry advocates emphasized that brands and content creators must work in concert to unlock the immense consumer, cultural, and economic potential. This call to action follows recent national assessments indicating that Nigeria’s creative economy—encompassing film, music, fashion, digital content, gaming, and other cultural industries—has the potential to generate over $250 billion in…
A growing chorus of objections has emerged from fuel suppliers across Nigeria following Dangote Refinery’s announcement to roll out a direct fuel distribution strategy. Suppliers warn the move could severely disrupt the downstream supply chain, marginalize existing operators, and hurt competition in fuel marketing and logistics. Dangote’s plan proposes delivering refined petrol and diesel directly to retail stations, bulk buyers, and industrial firms using its own fleet of Compressed Natural Gas (CNG) tankers. The strategy also includes flexible credit arrangements for large-volume buyers—features the refinery asserts will reduce logistics costs, improve rural access, and ensure consistent fuel supply countrywide. But…
In a noteworthy demonstration of cross-sector commitment to financial transparency, NSIA Insurance, the insurance arm of Nigeria’s sovereign wealth structure, has stepped forward as the official sponsor of a high-level workshop on corporate reporting organised by the Nigerian Council of Registered Insurance Brokers (NCRIB). The event, which gathers regulators, brokers, underwriters, and financial experts, aims to strengthen disclosure standards and elevate investor confidence in the insurance ecosystem. Corporate reporting is no longer just a compliance requirement; it’s now a strategic tool for market credibility and stakeholder trust. The NCRIB workshop, hosted in Lagos, convened company executives, audit firm representatives, capital…
Nigeria’s Nigerian Shippers’ Council (NSC) has pledged to dramatically reduce cargo clearance timelines in a bid to make the nation’s ports more competitive and efficient. At the centre of the initiative is a renewed commitment to automation, stakeholder coordination, and regulatory reform—all aimed at slashing current delays and boosting trade facilitation. Speaking after a strategic meeting with key stakeholders across the maritime sector—including the Nigerian Customs Service (NCS), terminal operators, and freight forwarding associations—NSC’s leadership highlighted the urgent need to eliminate manual bottlenecks that have long plagued cargo handling processes. According to Executive Secretary Hassan Bello, the country cannot match…
Maggi, the popular seasoning brand under Nestlé, has launched a special campaign titled Tales of Ramadan to celebrate the rich traditions and cultural heritage associated with the holy month. The initiative aims to connect with consumers by sharing inspiring stories, recipes, and experiences that highlight the essence of Ramadan. As a brand deeply rooted in food culture, Maggi’s Tales of Ramadan focuses on the importance of home-cooked meals, family gatherings, and the role of food in fostering togetherness during the fasting period. The campaign features a mix of storytelling, digital content, and community engagement to create a meaningful Ramadan experience…
Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has called on African nations to take a leading role in the global push for green shipping and decarbonisation. Speaking at an industry forum, Oyetola emphasized the need for Africa to develop sustainable maritime practices that align with international efforts to reduce carbon emissions in the shipping sector. With the global maritime industry under increasing pressure to transition to cleaner energy sources, Oyetola stressed that African countries must not be left behind. He highlighted the importance of investing in alternative fuels, energy-efficient vessel technologies, and green port infrastructure to ensure the…
Ultimate Health HMO has reinforced its leadership team by appointing female directors to its board, a move aimed at enhancing diversity and strengthening corporate governance within the organization. The appointments reflect the company’s commitment to gender inclusion and strategic leadership in Nigeria’s healthcare sector. With the healthcare industry evolving rapidly, Ultimate Health HMO believes that incorporating diverse perspectives at the board level will drive innovation and improve decision-making. The newly appointed directors bring extensive experience in healthcare management, finance, and corporate strategy, positioning the company for continued growth. Industry analysts have praised the move, emphasizing the importance of gender diversity…
Transnational Corporation Plc (Transcorp) has reached a market capitalization of N2.97 trillion, marking a significant milestone for the conglomerate as it continues its growth trajectory across key sectors. The surge in market value reflects strong investor confidence in the company’s strategic direction, particularly in its power, hospitality, and energy businesses. Driven by positive earnings reports and expansion plans, Transcorp’s stock has experienced steady gains, contributing to its impressive valuation on the Nigerian Exchange (NGX). Analysts attribute the company’s strong performance to its diversified portfolio, operational efficiency, and sustained investments in key sectors of the economy. As part of its expansion…
Aviation professionals in Nigeria are renewing calls for the establishment of a national carrier, citing the need for a reliable, homegrown airline to boost the country’s aviation sector. Industry stakeholders argue that a national carrier would enhance connectivity, reduce reliance on foreign airlines, and support economic growth by creating jobs and fostering tourism. The push for a national airline has gained momentum following concerns over high ticket prices, limited international flight options, and the dominance of foreign carriers in Nigeria’s airspace. Experts believe that a well-managed national carrier could provide competitive fares, improve service quality, and position Nigeria as a…
A leading vehicle assembly company has announced plans to adopt the automobile department of a Lagos-based technical college, aiming to enhance technical education and equip students with industry-relevant skills. The initiative is part of the company’s corporate social responsibility efforts to bridge the skills gap in Nigeria’s automotive sector and nurture the next generation of professionals. Under this partnership, the vehicle assembler will provide modern equipment, hands-on training, and industry exposure to students. Experts from the company will also conduct workshops, mentorship programs, and practical sessions to ensure that students gain real-world experience in vehicle assembly, diagnostics, and repairs. The…
A professional institute has joined forces with a leading agency to celebrate Managers’ Appreciation Day, an initiative aimed at recognizing the contributions of managers across various industries. The partnership seeks to highlight the critical role that managers play in driving organizational success, fostering teamwork, and enhancing productivity. The event, which will feature a series of activities including workshops, award presentations, and networking sessions, is designed to honor managers who have demonstrated exceptional leadership and dedication in their fields. Experts from different sectors will also share insights on effective management practices and the evolving role of leadership in today’s dynamic business…
Nigeria’s Minister of Finance has reaffirmed the government’s commitment to supporting the private sector as a key driver of economic growth. In a high-level meeting with business magnate Aliko Dangote, the minister discussed strategies to improve the business climate, enhance investment opportunities, and strengthen collaboration between the government and private enterprises. During the meeting, the minister acknowledged the challenges faced by businesses, including inflation, foreign exchange volatility, and infrastructure deficits. He assured that the government is working on policy reforms to create a more stable economic environment that encourages private sector participation in critical sectors such as manufacturing, agriculture, and…
The Nigeria Customs Service (NCS) has intercepted undeclared foreign currencies amounting to $1.1 million and 135,900 Saudi riyals (SR) at the Mallam Aminu Kano International Airport. The seizure was made during routine checks by customs officers, highlighting ongoing efforts to curb illegal financial movements through the country’s airports. According to customs officials, the foreign currencies were discovered in the luggage of passengers attempting to travel without declaring the funds, as required by financial regulations. The intercepted cash has been handed over to relevant authorities for further investigation, with officials looking into possible violations of anti-money laundering laws. The NCS has…
The Nigerian Electricity Regulatory Commission (NERC) has granted approval for Plateau State to regulate its electricity market, marking a significant step toward improving power supply and distribution in the state. This move aligns with Nigeria’s ongoing efforts to decentralize electricity regulation, allowing states to take greater control over their energy sectors. With this order, Plateau State now has the authority to oversee electricity generation, distribution, and supply within its jurisdiction. The decision is expected to enhance efficiency, attract investment, and address long-standing challenges in power delivery. It also empowers the state government to create policies that suit its unique electricity…
Kenya Airways has recorded a significant increase in its Nigerian passenger traffic, adding 10,000 more travelers in 2024. The growth reflects the rising demand for air travel between Nigeria and Kenya, as well as the airline’s strategic efforts to enhance connectivity and service offerings in the West African market. According to industry sources, the increase is driven by improved flight schedules, competitive fares, and enhanced passenger experience. The airline has also benefited from growing business and tourism ties between the two countries, with more Nigerians choosing Kenya as a travel destination for leisure, conferences, and business engagements. Kenya Airways’ commitment…
The Dangote Refinery has received fresh crude oil shipments from the Nigerian National Petroleum Company Limited (NNPCL), further strengthening its supply chain as it ramps up production. The latest deliveries underscore the collaboration between the refinery and Nigeria’s state-owned oil company to ensure a steady supply of feedstock for domestic refining. Industry sources indicate that the crude cargoes were sourced from local oil fields and delivered as part of ongoing efforts to support the refinery’s operations. The Dangote Refinery, which has a capacity of 650,000 barrels per day, is expected to play a key role in reducing Nigeria’s reliance on…