New Telegraph

Unlocking Economic Potential Through Islamic Finance

Unlocking Economic Potential Through Islamic Finance

In driving project and business financing for national economic growth, various funding options are available to governments, corporate organisations, and individual enterprises. KAYODE OGUNWALE examines how Islamic financing serves as a key alternative lending model…

Nigeria, Vietnam To Halt N4.5trn Loss From Unprocessed Cashew Nuts

Nigeria, Vietnam To Halt N4.5trn Loss From Unprocessed Cashew Nuts

Afraid of losing N4.5 trillion ($3 billion) due to unprocessed cashew nuts in the global market, Nigeria and Vietnam have entered into a strategic partnership to boost cashew production, processing, and trade. It was learnt…

Stakeholders Fret Over 96,000 Manpower Shortage, $9bn Loss In Maritime Sector

Stakeholders Fret Over 96,000 Manpower Shortage, $9bn Loss In Maritime Sector

Stakeholders have said that by 2026, Nigeria may face a shortfall of 96,000 trained maritime professionals across seafaring, engineering, and logistics if government failed to address manpower challenges in the maritime industry. They noted that…

Private Sector Credit Extension Drops By N3.6trn In 4 Months

Private Sector Credit Extension Drops By N3.6trn In 4 Months

Private Sector Credit Extension (PSCE) fell by N3.6 trillion, or 4.73 percent, to N72.53 trillion in September 2025 from N76.13 trillion in June 2025, latest data released by the Central Bank of Nigeria (CBN) shows.…

Economy: Fiscal, Monetary Policy To Collaborate On Non-Inflationary Growth, Structural Transformation

Economy: Fiscal, Monetary Policy To Collaborate On Non-Inflationary Growth, Structural Transformation

Given the positive milestones recorded by the economy through the policy reforms of 2023, the government on Tuesday unveiled a unified national framework to consolidate the gains achieved so far. The second phase of economic…

Oando Discontinues Free Electricity Supply To Rivers Community

Oando Discontinues Free Electricity Supply To Rivers Community

Paradigm shift in Omoku, Rivers State, as residents face a swift return to paid electricity supply after Oando Energy Resources Nigeria Limited (OERNL) has formally dissolved decades-long free electricity supply provided under a legacy agreement…

NIMASA Advocates Effective PSC For Safer Shipping

NIMASA Advocates Effective PSC For Safer Shipping

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has emphasized that effective Port State Control (PSC) is a vital tool for ensuring global safety and upholding environmental standards…

Nigeria Unveils Africa’s Largest Fibre Optic Factory With Local Funding

Nigeria Unveils Africa’s Largest Fibre Optic Factory With Local Funding

Nigeria’s digital infrastructure has taken a significant step forward with the commissioning of Africa’s largest fibre optic cable factory and the continent’s first fibre-reinforced plastic (FRP) manufacturing facility. The plant, built by Coleman Technical Industries…

ECCIMA Backs 15% Fuel Import Tariff

The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) yesterday expressed its support for the Federal Government’s decision to impose a 15 per cent tax on imported fuel and diesel from next year. According…

Fertiliser: Dangote Partners German Firm On Urea Granulation Units in Nigeria

Thyssenkrupp Uhde Fertilizer Technology (UFT), a subsidiary of thyssenkrupp Uhde, has entered into a strategic agreement with Dangote Fertiliser Limited (DFL) to license its advanced UFT Fluid Bed Granulation Technology for four new urea granulation…