By GLEBM News Desk Nigeria’s maritime sector is being positioned for a larger role in the national economy as the Nigerian Maritime Administration and Safety Agency moves to unlock an estimated ₦5 trillion in economic opportunities within the sector. The initiative is expected to focus on improving maritime operations, strengthening local participation and increasing the…
Brent crude approached $110 per barrel on Friday as Middle East tensions disrupted energy markets, raising fresh inflation and interest-rate concerns globally. By GLEBM News Desk Global crude oil prices have climbed sharply this week, with Brent crude approaching $110 per barrel as escalating tensions in the Middle East raise concerns about prolonged disruptions to…
Nigeria Customs has intercepted 13 containers containing suspected illicit and expired goods valued at ₦43.58bn at the Apapa port in Lagos. By GLEBM News Desk The Apapa Area Command of the Nigeria Customs Service has intercepted 13 containers containing suspected illicit and expired products valued at ₦43.58 billion, in a major enforcement operation at the…
AfCFTA and Quest Ghana have signed a $5.17bn joint venture to build digital trade infrastructure connecting African markets, payments and commodities. By GLEBM News Desk The African Continental Free Trade Area (AfCFTA) Secretariat and Ghanaian technology company Quest Ghana Limited have signed a joint venture agreement to establish a $5.17 billion AfCFTA Digital Trade Corridor,…
Global youth unemployment rose to 12.4% in 2025, with 67 million young people jobless, as weak growth and technology reshape employment prospect By GLEBM News Desk Global youth unemployment increased in 2025 as weak economic growth, declining entry-level jobs and rapid technological change made it increasingly difficult for young people to secure decent and stable…
Galaxy Backbone says Nigeria needs stronger digital policies, infrastructure investment and collaboration to transform growing data resources into economic opportunities. By Kikelomo D. Nigeria’s ambition to build a data-driven economy will require significantly greater investment in digital infrastructure, stronger policies and closer collaboration between government, businesses and technology stakeholders, Galaxy Backbone has said. The digital…
A new CBN survey says multiple taxation remains a major obstacle for Nigerian businesses, with firms citing overlapping levies, high financing costs and inflation as key constraints on growth. By GLEBM News Desk A new survey by the Central Bank of Nigeria (CBN) has identified multiple taxation as one of the biggest challenges facing businesses,…
NNPC Limited recorded a ₦535 billion profit after tax in June 2026 as monthly revenue rose to ₦4.39 trillion, reflecting stronger operational performance and improved financial results. By GLEBM News Desk The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After Tax (PAT) of ₦535 billion for June 2026, marking a 15.8…
Nigeria’s manufacturers face rising electricity, financing and logistics costs that are weakening industrial competitiveness, the National Sugar Development Council has warned. By GLEBM News Desk Nigeria’s manufacturing sector is facing mounting pressure from soaring production costs that leave local factories struggling to compete with rivals across Asia, according to the National Sugar Development Council (NSDC)….
Agriculture Minister says government’s focus is boosting value addition, creating jobs and increasing export earnings By GLEBM NEWS The Federal Government has dismissed reports suggesting it plans to ban the export of raw cocoa beans, clarifying that its strategy is to expand local cocoa processing while maintaining Nigeria’s role in the international cocoa market. The…
