Category: Business

Stabilisation Is Not Enough: Okonjo-Iweala Pushes FG for Job Growth

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Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), stated on Wednesday, January 22, that Nigeria must pivot its economic strategy from stabilization toward job creation and the aggressive pursuit of global investments. She shared these insights during a fireside chat at Nigeria House on the sidelines of the ongoing World Economic Forum (WEF) in Davos. As you said, some good reforms are being pursued right now. I think they need to yield into job creation,” she said. “This is what I also said to His Excellency, Mr President, that…

CVFF Portal Goes Live: Oyetola Opens Applications Amid Strict Eligibility Warning

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On Thursday, January 22, 2026, Nigeria marked a historic milestone as Minister Adegboyega Oyetola, CON, launched the CVFF application portal. This strategic move finally unlocks structured financing for indigenous shipowners, bringing a decade-long maritime dream to life. Although Dr. Dayo Mobereola, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), clarified that the new portal is not an automatic approval of funds, but rather the beginning of a rigorous engagement process. Despite this cautionary note, industry leaders—including Mike Igbokwe, SAN (Nigerian Maritime Law Association), Aminu Umar (Nigerian Chamber…

Justice Served: Wanted Kingpin ‘Kanmo-Kanmo’ Arrested 12 Years After Murder of 3 NDLEA Officers; Agency Recovers Illicit Drugs and Nabs Syndicate Across Nigeria

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Justice has finally caught up with Lekan Jimoh, alias “Kanmo-kanmo,” proving that the evil mortals do indeed lives after them. NDLEA operatives successfully apprehended the long-wanted kingpin, ending a decade-long manhunt for the 2014 murder of three gallant officers. After 12 years on the run, Jimoh was arrested on Friday, January 16, 2026, in a clinical operation. A statement released on Sunday January 18 by the Agency’s Director of Media and Advocacy, Femi Babafemi, confirmed the development:“Kanmo-Kanmo, notorious for evading arrest and mobilizing armed thugs against security agents, was tracked…

Back On The Water: Ikorodu Ferry Terminal Resumes Service Monday 19 After Hyacinth-Related Hiatus

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The Ikorodu Ferry Terminal officially announced its reopening for Monday, January 19, 2026, following a temporary closure due to water hyacinth infestation. In an official update on Friday, January 16, LASWA management announced: ”This is to inform all ferry operators and terminal users that the Ikorodu Ferry Terminal will reopen for passenger ferry operations with effect from Monday, 19 January 2026.” It is worth noting that the terminal was ‘closed on Monday, 20 October 2025 due to navigational concerns caused by water hyacinth infestation,’ with services ‘temporarily diverted to Ibeshe…

From Underwater to Air: How the FG’s ₦40bn CCTV Centre Will Guard Lagos’ Longest Bridge

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In a landmark move for urban security, the Federal Government has officially commissioned a ₦40.17 billion state-of-the-art CCTV Control Centre for the Third Mainland Bridge in Lagos. Inaugurated by the Minister of Works, Senator David Umahi, on behalf of President Bola Tinubu, the solar-powered facility provides 24/7 real-time surveillance of both the bridge surface and surrounding underwater areas to curb traffic violations, speeding, and security threats Speaking during the Sunday inauguration, Minister of Works David Umahi highlighted that the ₦40.17 billion surveillance hub is the culmination of extensive structural and pavement rehabilitations initiated in…

Nigeria’s Unemployment Crisis: Viral Video of An English Graduate

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In a raw display of vulnerability, a Nigerian English graduate’s public struggle has become a focal point for national debate after she shared an emotional account of her career search online. Citing the ‘mental exhaustion’ of a stagnant job market, she admitted to ‘’nearing a breaking point.’ Due to prolonged unemployment. The video has ignited widespread discourse across social media regarding the systemic challenges facing skilled graduates in Nigeria. Despite years of persistent applications, the graduate—identified by as Oluwakorede—revealed that her job search has yielded no results. To survive, the English graduate has…

NDLEA Arrests 80-Year-Old Ex-Convict Using Mannequins to Hide Drugs; Dispatch Rider, Others Nabbed as Tons of Narcotics Recovered in Multi-State Raids

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In its relentless nationwide crackdown on illicit substances, the NDLEA has rearrested 80-year-old Jeremiah Isaiah Nkanta in Akwa Ibom State, proving that old habits truly die hard, his recidivism offers a modern-day echo of Cesare Lombroso, the “father of modern criminology,” who famously proposed that some individuals are “born criminals.” The octogenarian grandfather—an ex-convict who previously served a two-year sentence following a 2022 conviction—was apprehended on Saturday, January 10, 2026, for allegedly returning to the drug trade. In a statement released Sunday, January 11, NDLEA Director of Media and Publicity…

Containers fall from ships during Storm Goretti.

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As of January 9, 2026, the BBC and the Maritime and Coastguard Agency (MCA) have confirmed that exactly 24 containers were lost overboard due to Storm Goretti. ” Several containers have fallen from two cargo ships off the Isle of Wight amid strong winds sweeping in from Storm Goretti. The Maritime & Coastguard Agency (MCA) said 17 containers were reported lost into the sea from a vessel near the Nab Tower, east of Bembridge, at about 23:10 GMT. About 45 minutes later, seven empty containers were reported overboard from a…

National Single Window: FG Enforces Mandatory Digital Filing for Sea and Air Manifests

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In a major drive to modernize Nigeria’s trade infrastructure, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has mandated that all shipping lines and airlines transition exclusively to the National Single Window (NSW) platform for cargo manifest submissions. Formally issued on November 17, 2025 (Ref: FMF/OHMF/CW/NSW/01), this directive is set to eliminate bottlenecks and accelerate clearance efficiency across the nation’s sea and airports. Edun stated that the order follows the inauguration of the National Single Window Project by President Bola Ahmed Tinubu on April 16, 2024. The…

Oyo Monarch Suspended for Breaching State Mining Laws

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The Oyo State Government has suspended Chief Jacob Adefabi Sobaloju, the Sobaloju of Ofiki, over his alleged involvement in illegal mining within the Atisbo Local Government Area. The suspension, effective immediately, follows claims that the monarch violated Executive Order 001/2023 by facilitating unauthorized mining and trespassing on government-gazetted lands. In a statement issued Tuesday, Moses Alao, Special Assistant to the Governor on Print Media, confirmed that the order was designed to regulate the state’s mining sector and protect public assets. Chief Sobaloju faces allegations of violating Executive Order 001/2023 by facilitating unauthorized mining operations and…