Business
Nigeria Bans Export of Eight Key Items in 2026
Nigeria’s FG announces 2026 export ban on maize, timber, raw hides, scrap metals, rubber, artifacts, and endangered wildlife to protect local industries and heritage
The Federal Government of Nigeria has unveiled a new export policy set to take effect in 2026, prohibiting eight key items from leaving the country.
Also read: NGE President Seeks Stronger Academia–Industry Synergy
The directive aims to strengthen local industries, safeguard cultural heritage, and protect endangered species.
The banned items include:
1. Maize – Restricted to secure food supply and ensure domestic consumption.
2. Timber – Both rough and sawn, to curb deforestation and encourage local processing.
3. Raw hides and skins – Including Wet Blue and unfinished leather (H.S. Codes 4101.2000.00 – 4108.9200.00), to boost Nigeria’s leather industry.
4. Scrap metals – Export restrictions intended to support local manufacturing and recycling sectors.
5. Unprocessed rubber latex and rubber lumps – To stimulate the local rubber processing industry and create jobs.
6. Artifacts and antiquities – Protected to preserve Nigeria’s cultural heritage and prevent illegal trade.
7. Wildlife animals and their products – Endangered species such as crocodiles, elephants, lizards, eagles, monkeys, zebras, and lions are prohibited, reflecting Nigeria’s commitment to biodiversity conservation.
Officials say the policy is part of a broader strategy to strengthen domestic value chains, encourage local processing, preserve historical treasures, and protect natural resources for future generations.
This announcement complements earlier import restrictions aimed at boosting Nigeria’s local industries and reducing dependence on foreign products.
Also read: NGE President Seeks Stronger Academia–Industry Synergy
By regulating exports and imports, the government hopes to foster economic growth and safeguard strategic resources.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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