Nigerian Financial Markets Prepare for T+1 Settlement Shift as Q1 GDP Growth Hits 3.89%
The Nigerian Exchange (NGX) is set to transition to a T+1 settlement cycle on June 1, 2026, aimed at improving market liquidity and aligning with global standards. Despite a shortened trading week due to the Eid al-Adha holiday, the NGX All-Share Index recorded a modest 0.27% gain to reach 250,385.47 points. Economic indicators show positive […]
NSIB Investigates ‘Very Serious’ Vessel Collision and Oil Spill in Bonny
The Nigerian Safety Investigation Bureau (NSIB) has launched an investigation into a May 20, 2026, collision between the container vessel MV Maersk Valparaiso and the oil tanker MT Lady Martina at Bonny Anchorage, Rivers State. Classified as a “Very Serious Marine Casualty,” the incident caused injuries to five crew members and an oil spill. NSIB […]
Dr. Solomon Ojeagbase Appointed UN ECOSOC Representative
Dr. Solomon Ojeagbase, Executive Director of Complete Communications Limited, has been appointed as a United Nations representative for the Africana Women Working Group (AWWG) at the UN Economic and Social Council (ECOSOC). Effective April 1 to December 31, 2026, the role authorizes him to participate in global policy engagements, including the Commission on the Status […]
Lagos State Reports N80bn Revenue from 2025 Building Approvals
The Lagos State Government generated approximately N80 billion in 2025 through building approval fees. Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, explained that costs are determined by development size and location, with payments processed strictly through banks. Olumide noted that building approvals may be delayed if an applicant’s tax filings appear inconsistent […]
Nigerian British Chamber of Commerce Launches UK Chapter to Boost Bilateral Trade
The Nigerian British Chamber of Commerce (NBCC) has officially launched NBCC UK, a strategic initiative designed to strengthen trade, investment, and institutional ties between Nigeria and the United Kingdom. Unveiled at the Nigerian High Commission on May 26, 2026, the network aims to serve as a gateway for business leaders, investors, and policymakers to navigate […]