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By Yinka Kolawole Bilateral trade between Nigeria and the United Arab Emirates (UAE) rose by 66.7 percent to about $5 billion in 2025 from $3 billion in 2024, highlighting growing economic ties between both countries as they move towards formalising a Comprehensive Economic Partnership Agreement (CEPA). The development was disclosed when the UAE Ambassador to […] The post Nigeria-UAE trade surges 66.7% to $5bn in 1 year appeared first on Vanguard News.
By Yinka Kolawole The ten largest quoted fast moving consumer goods (FMCG) manufacturing companies in Nigeria sustained strong growth momentum in the first half of 2026 (H1’26), generating combined revenue of more than N3.5 trillion despite persistent inflationary pressures, elevated energy costs and foreign exchange volatility. An analysis of financial results filed with the Nigerian […] The post Top consumer goods manufacturers post N3.5trn revenue in H1’26 appeared first on Vanguard New
There are indications that increased deployment of oil rigs in Nigeria has not translated into corresponding rise in crude oil production. The post Nigeria’s oil output wobbles after 10yrs of increase in rigs appeared first on Vanguard News.
By Godwin Oritse The Apapa Area One Command of the Nigeria Customs Service (NCS) has generated N28.1 billion last Tuesday, the highest single day revenue collection in the history of the Command. The latest feat surpassed the Command’s previous record of N20.1 billion, recorded in September 2025, shortly after the assumption of office of the […] The post Apapa Customs boosts revenue drive with N28bn daily collection appeared first on Vanguard News.
The Federal Government (FG) is set to introduce performance scorecards for operators across Nigeria’s electricity value chain, with underperforming distribution and generation companies (DisCos and GenCos) to face sanctions while high-performing operators will be rewarded. Meanwhile, Nigerians spent an estimated N16.5 trillion on self-generated electricity in 2023, compared with about N1 trillion in revenue generated […] The post FG to unveil power sector scorecards, may sanction underperf
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