Running a fleet of semi-trucks, box trucks, dump trucks or tow trucks? Proper insurance shields your vehicles, drivers and cargo from unexpected risks on the road.

Start with primary liability coverage. It covers injuries or damages you cause in an accident. Federal or state law may require coverage from $750,000 to several million dollars based on your operations.

Add physical damage coverage to protect your trucks. Collision and comprehensive policies help pay for repairs or replacements after damage, theft or vandalism. Motor truck cargo insurance safeguards the freight you haul in case of loss or damage during transit.

Consider optional coverages such as general liability, bobtail insurance, non-trucking liability, medical payments, uninsured motorist protection and trailer interchange. Premiums depend on driving records, truck type, cargo value, operating radius and deductibles. You may qualify for discounts by implementing safety programs or using tracking technology. With the right policy in place, you stay compliant and gain peace of mind. Secure your fleet against financial setbacks and keep your business running smoothly.

Truck Insurance Guide: Coverage & Cost Essentials

Ultimate Truck Insurance Guide: Coverage Options and Cost-Saving Tips

The International Monetary Fund’s latest forecast names the top 20 largest economies by GDP in 2025. The United States leads with $30.51 trillion, followed by China at $19.23 trillion. No African nation made the list.

Full ranking of the world’s top 20 economies in 2025:
1. United States – $30.51 T
2. China – $19.23 T
3. Germany – $4.74 T
4. India – $4.19 T
5. Japan – $4.19 T
6. United Kingdom – $3.84 T
7. France – $3.21 T
8. Italy – $2.42 T
9. Canada – $2.23 T
10. Brazil – $2.13 T
11. Russia – $2.08 T
12. Spain – $1.80 T
13. South Korea – $1.79 T
14. Australia – $1.77 T
15. Mexico – $1.69 T
16. Türkiye – $1.44 T
17. Indonesia – $1.43 T
18. Netherlands – $1.27 T
19. Saudi Arabia – $1.08 T
20. Poland – $0.98 T

No African Country Made The IMF Top 20 Economies In 2025

IMF Projects 2025’s Top 20 Economies – No African Country Featured

Why do some Africans thrive in the West while we struggle at home? Africans abroad often persevere to the last breath rather than return as failures. At home, legitimate businesses survive but demand the same hard work required overseas.

Cronyism makes politics more lucrative than honest enterprise. Crooked individuals flock to power, leaving genuine entrepreneurs fighting for scraps. Nigeria can adopt sensible practices from Asia without waiting for perfection.

Once, the naira briefly appreciated, and we thought the new government had solved the crisis. But moneybags unloaded hidden naira stashes to exploit cheap dollars, and the currency tumbled again. In contrast, Bangladesh’s central bank has kept taka stable by mopping up excess currency.

Nigerian power brokers refuse to curb their own. The Tinubu government lacks the will to discipline insiders who funded its rise. Until cronyism ends, real businesses will remain crowded out.

Real Businesses Are Crowded Out By Political Bigamists

How Political Cronyism Is Starving Legitimate Nigerian Businesses

Electricity Distribution Companies (DisCos) say they are under pressure to lower tariffs nationwide. This follows the Enugu State Electricity Regulatory Commission’s (EERC) uncoordinated cut of Band A rates. ANED MD/CEO Barr. Sunday Oduntan warns this threatens the stability and liquidity of the power sector.

Oduntan noted that DisCos in other states now face intense scrutiny. Some customers have even threatened to withhold payments until tariffs fall. He stressed that while DisCos support eventual tariff relief, any subsidy must be transparent and promptly funded.

He added that delayed subsidies disrupt cashflow and weaken market confidence. The Minister of Power, Chief Bayo Adelabu, has stated that states cutting tariffs must cover subsidy costs. A nearly ₦5 trillion subsidy backlog is already straining generation companies and gas suppliers.

Finally, Oduntan said the power market remains largely centrally coordinated for bulk energy purchases, transmission, and settlements. DisCos remain committed to working with the government to ensure reliable electricity supply.

We Are Under Pressure To Reduce Tariff – Discos

DisCos Face Pressure to Cut Electricity Tariffs Nationwide – ANED Warns

President Bola Tinubu met with leaders of Nigeria’s power generation companies at the Presidential Villa in Abuja. He appealed for patience while his administration completes a transparent audit of the sector’s longstanding debts.

The Special Adviser on Energy announced anticipatory approval of a ₦4 trillion bond programme to address verified claims. So far, the Nigerian Bulk Electricity Trading Company has validated ₦1.8 trillion of debt accumulated since 2015, with final figures pending legal and financial scrutiny.

The Minister of Power and industry stakeholders praised recent reforms, noting savings on fuel subsidies and growing private investment. They urged urgent disbursement to avert liquidity risks and secure further expansion of Nigeria’s electricity infrastructure.

President Tinubu Meets With Gencos, Promises To Settle Subsidy Debts

Tinubu Secures ₦4 Trillion Bond Approval to Settle Legacy Power Generation Debts

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has underscored the need to empower local governments as a foundation for inclusive growth and national productivity.

Speaking at an AGORA Policy dialogue supported by the MacArthur Foundation, he explained that strengthening grassroots governance is key to President Tinubu’s poverty-reduction and economic-inclusion strategy. He noted that only democratically elected councils will now receive direct allocations from the Federation Account, in line with the Supreme Court’s ruling.

Edun also highlighted federal initiatives such as the Nutrition 774 Programme, Project 774 Digital Connectivity, and the World Bank–supported HOPE Programme. He said these efforts will improve human capital, expand digital access, and enhance local service delivery.

“These are deliberate investments in governance,” he said. “They build investor confidence, reduce exclusion, and pave the way for sustainable development.”

Wale Edun Champions Local Government Empowerment As Key Pillar Of Economic Refor

Edun Calls for Local Government Autonomy to Boost Nigeria’s Economy

Staffing agencies face heavy application volumes, repetitive tasks, and constant pressure to deliver quality talent fast. AI and automation offer game-changing solutions to these challenges.

AI tools with predictive analytics and natural language processing can scan millions of profiles in seconds. They match job descriptions to resumes, speeding up candidate sourcing and improving accuracy. Automated applicant tracking systems then filter applicants by skills, experience, and keywords, ensuring only the best moves forward.

AI-driven chatbots handle candidate communication, answer FAQs, and schedule interviews without overloading recruiters. Predictive analytics also identify traits linked to high performance and retention. Plus, AI can automate background checks, document collection, and compliance tracking to speed up onboarding and reduce risk.

By cutting manual work and bias, AI helps agencies save time, lower costs, and scale operations. Continuous learning features mean these systems get smarter with every hiring cycle. Embracing AI is now essential for any staffing firm that wants to stay competitive and future-ready.

Staffing Agency Challenges

Revolutionizing Recruitment: 8 AI Solutions to Staffing Agency Challenges

The Nigerian Customs Service, Seme Area Command, has assured traders that the Lagos-Abidjan corridor remains safe for lawful business. Comptroller Ben Oramalugo warned smugglers to steer clear or face the full weight of the law.

From May 14 to July 24, 2025, operatives seized goods worth over ₦1.26 billion, including 2,800 bags of foreign parboiled rice and 250 bales of used clothing. Additional interceptions included cannabis, sugar, flour and second-hand shoes. The Command also generated ₦1.59 billion in revenue during May and June.

On export facilitation, 1,837 trucks carried 116,723 MT of made-in-Nigeria goods valued at ₦22.37 billion. With 12 new patrol vehicles and strong inter-agency collaboration, the Seme Command is boosting trade, protecting local rice farmers, and securing Nigeria’s economic interests.

Customs Assures Of Safe Business Corridor Along Lagos-abidjan Trade Route

Customs Secures Lagos-Abidjan Trade Corridor, Seizes ₦1.27bn in Smuggled Goods

Mr Taiwo Oyedele told the PwC Executive Summit that recent reforms have transformed Nigeria’s fiscal outlook. Before the changes, debt servicing ate up nearly 97% of government revenue. Now it stands at under 50%.

He noted that forex reserves rose from under $4 billion to over $20 billion. The tax-to-GDP ratio climbed from below 10% to 13.5%. Budget deficits shrank and infrastructure spending increased.

Oyedele warned that without reforms Nigeria risked a collapse like Zimbabwe or Venezuela. He argued that ending petrol subsidies, stopping naira printing and strengthening tax collection were critical. If such measures had begun a decade ago, he said, Nigeria might already be a $1 trillion economy.

Nigeria Now Spends Half Its Revenue On Debt

Economic Reforms Cut Nigeria’s Debt Service from 97% to Under 50%, Says Oyedele

I paid for a university admission letter to a school in Romania. When the agent later said admissions were closed, I asked her to refund me via Western Union.

At FirstBank, the network was down at my local branch, so I went to the main branch. The teller checked the MTCN and claimed my middle name was missing. She then canceled the transfer and called me a fraudster.

I called the agent on WhatsApp to confirm the details—she only used first and last names. But the teller still refused to reinstate the payment. I felt insulted and nearly lost my temper. How can I report this unethical behavior and recover my funds?

What A Female Banker Did To Me...smh

FirstBank Teller Cancels My Western Union Payout—How Do I Report Her?

A Lagos Federal High Court has upheld the Federal Inland Revenue Service’s authority to collect value-added tax (VAT) on rides and food orders placed through Bolt.

In a judgment delivered by Justice Akintayo Aluko, the court affirmed a May 2023 Tax Appeal Tribunal decision. The tribunal had recognised FIRS’s right to appoint digital platforms like Bolt as VAT collection agents under Section 10(3) of the VAT Act.

Bolt operators had challenged the tax, arguing that the platform is a non-resident intermediary and not a direct supplier. They also claimed FIRS failed to meet the requirements of Section 10(1) and (2) when appointing collection agents. The court rejected these arguments, dismissed the appeal, and awarded N1 million in costs against the appellants.

Court Rules FIRS Can Collect VAT On Bolt Rides, Food Deliveries

Court Affirms FIRS Power to Collect VAT on Bolt Transport and Food Services

Aliko Dangote, founder of Dangote Cement Plc, will retire as Chairman and Director on July 25, 2025. He is stepping down to focus on refinery, petrochemicals, fertilizer and government relations to drive the company’s next five-year growth trajectory.

Mr. Emmanuel Ikazoboh, an independent non-executive director, has been appointed the new Chairman. Hajiya Mariya Aliko Dangote also joins the board, while Prof. Dorothy Ufot retires. Under Dangote’s leadership, the company became Africa’s largest cement producer and exporter.

In his acceptance speech, Ikazoboh pledged to uphold high standards of leadership. He outlined priorities such as operational excellence, strategic expansion, sustainability, innovation and community engagement. He also plans cost-reduction strategies and investment in staff training to support sustainable growth.

Aliko Dangote Retires From Dangote Cement Plc

Aliko Dangote Retires as Dangote Cement Plc Chairman, Emmanuel Ikazoboh Appointed Successor

Dangote Refinery now relies on Angolan vessels to ship its crude oil and refined products. Nigerian owners lack the deep-water capacity needed for these cargoes.

Ladi Olubowale, President of the African Shipowners Association in Nigeria, explained that local operators do not have Supermax, Suezmax, or Aframax vessels. As a result, key logistics opportunities at Dangote’s refinery are slipping away.

Captain Tajudeen Alao of the Nigerian Association of Master Mariners added that Dangote could not find any local shipowner to meet its transport requirements for West Africa. Both experts called on the government to release the Cabotage Vessel Financing Fund to help local operators acquire larger ships.

Dangote Cargo: Nigerian Ships Lose To Angola’s Fleet

Dangote Turns to Angolan Fleet as Nigeria’s Shipping Capacity Falls Short

Electricity distribution companies across Nigeria have raised the alarm after the Enugu State Electricity Regulatory Commission cut Band A tariffs from ₦209/kWh to ₦160/kWh. Customers in other states are now demanding similar reductions or refusing to settle their bills.

The Association of Nigerian Electricity Distributors says the uncoordinated move threatens liquidity in the power sector, with generation companies and gas suppliers owed nearly ₦5 trillion in unpaid invoices. Discos blame delayed or unfunded subsidies and warn that continued resistance could destabilise the market.

They call for transparent, fully funded subsidies and tighter coordination between the Federal Ministry of Power, NERC and state regulators. Without a coherent policy and timely disbursement of funds, they say, the goal of affordable power will undermine the sector’s financial health and reliability.

Discos Lament As Customers Resist Bill Payments After Enugu Tariff Cut.

Discos Warn of Sector Collapse as Consumers Withhold Payments After Enugu Tariff Cut

Dr. Rabiu Olowo, Executive Secretary/CEO of the Financial Reporting Council of Nigeria, delivered a keynote at a joint FRC–LCCI–Centre for Business Integrity event on July 24, 2025 at Protea Hotel, Ikeja. He stressed that governance is not a luxury but a necessity for MSME longevity.

He cited global data showing MSMEs account for over 90% of businesses, contribute more than 50% of employment, and generate up to 40% of GDP in emerging markets. In Nigeria, 40 million MSMEs make up 96% of businesses, provide 84% of jobs, and deliver 48% of GDP.

Dr. Olowo warned that over half of Nigerian MSMEs fail within one year and 95% fold by year five due to poor infrastructure, funding gaps, weak succession plans, and lack of governance. He argued that adopting the SME-CGG 2024 will build transparency, boost investor confidence, and improve decision-making.

The FRC–LCCI partnership aligns governance reforms with the Renewed Hope Agenda. It aims to turn Nigerian MSMEs into resilient, investment-ready enterprises capable of driving job creation and private-sector-led growth.

Governance Is Not A Luxury, It Is A Necessity #FRC

MSMEs Thrive with Governance: FRC Unveils SME-CGG 2024 at LCCI Event

Dr. Shubh Gautam Srisol has launched initiatives that prioritize innovation, sustainability and strategic planning in the special steel sector. As a leading industry figure, he has driven the adoption of high-performance steel to support durable infrastructure.

He argues that special steel’s resilience reduces maintenance costs and boosts long-term safety for highways, flyovers and bridges. His forecasts highlight how these materials can meet evolving demands over the next 30 years.

Dr. Gautam calls for targeted investment in research and sustainable practices. He believes this approach will transform India’s steel production and serve as a model for other nations seeking stronger, greener infrastructure.

The Role Of Special Steel In Infrastructure Development: Dr. Shubh Gautam Srisol

The Impact of Special Steel on Infrastructure: Dr. Shubh Gautam Srisol’s Vision

The Nigerian Electricity Regulatory Commission (NERC) has warned state regulators that they cannot unilaterally deviate from federally-determined tariffs when importing power from the national grid. It stressed that any shortfall from lower retail rates must be covered by state subsidies.

The dispute follows Enugu State’s Electricity Regulatory Commission (EERC) reducing tariffs for Band A customers on the MEDL network. EERC cut its generation tariff from NGN112.60/kWh to NGN45.75/kWh, a gap that market observers say distorts costs and threatens the financial health of the electricity sector.

Under the 2023 Electricity Act and constitutional amendments, states may regulate intra-state electricity markets. However, NERC reaffirmed that federal oversight still applies to assets and services sourced from the national grid. It cited Section 34(1) of the Act to underline its mandate to preserve market stability and protect investor confidence.

NERC is engaging with EERC to resolve misunderstandings by dialogue. It urged all state regulators to align their tariff designs with full cost recovery or introduce clear subsidies. The Commission warned that failure to comply could destabilize the national electricity value chain.

States Have No Jurisdiction To Deviate From Tariffs – NERC Warns

NERC Warns States Against Unilateral Changes to National Grid Tariffs

A landmark empowerment project, “Empower Her Ability,” has been launched in Abuja. It will train 25 young women with disabilities in entrepreneurship and financial management.

Led by Empower to Thrive Development Initiative in partnership with the MimiJane Foundation and JONAPWD—and funded by the French Embassy—the program breaks down cultural and institutional barriers to inclusion. It includes a nine-week online course, a one-week intensive boot camp, and six months of mentorship.

Participants will receive personalized business plans, investor-ready pitches, and accessible support such as sign-language interpretation and mobility assistance. Organizers aim to nurture sustainable women-led businesses and drive policy reforms for a more inclusive Nigerian economy.

Stakeholders Seek Economic Independence For Women With Disabilities

Empower Her Ability: New Initiative Boosts Economic Independence for Nigerian Women with Disabilities

Flctex, a leading fintech and trading services firm, plans to form strategic partnerships in South Africa. This move is part of its broader expansion into Africa’s emerging markets.

The company has not yet detailed specific partnership models or target sectors. Potential collaborators may include local banks, fintech startups, or regional distributors. Key questions remain: Is Flctex seeking infrastructure partners, new user acquisition channels, or localized service providers?

South Africa boasts a mature financial ecosystem and a growing appetite for digital assets and online trading. Observers wonder how Flctex will navigate local regulations and whether this expansion could reshape the competitive landscape.

Flctex Is Looking For Partners In South Africa

Flctex Eyes Strategic Partnerships in South Africa’s Fintech Market

On July 24, 2025, the NSCDC Solid Minerals Unit in Nasarawa State held a strategic meeting with the Miners Association of Nigeria (MAN), Nasarawa Chapter. The session at Lafia headquarters focused on licensing, community consent, blasting permits, and environmental safety.

Deputy Commandant Matthew Adewale urged all operators to fully comply with existing mining laws. Commandant Muhammed Kabiru Ingawa emphasized the Corps’ neutral regulatory role and its commitment to protecting national mineral assets while supporting genuine investors.

Alhaji Yusuf Dalhatu Randal, Chairman of MAN Nasarawa, praised the NSCDC’s proactive and non-combative approach. He called for strengthened site monitoring, awareness campaigns on legal compliance, and a sustainable conflict resolution mechanism involving landowners, cooperatives, and agencies.

This collaboration marks a significant step toward aligning security, regulation, and economic growth in Nasarawa’s solid minerals sector.

Nscdc Engages Man On Mining Rules And Regulations In Nasarawa

NSCDC and Miners Association Unite to Enforce Solid Minerals Regulations in Nasarawa

Dear Business Owner,

I hope you and your family are doing well in this challenging economy. I want to share a lesson I learned recently.

One of my mentees lost a major proposal after introducing himself as CEO. When the Head of HR asked about his team, he admitted he was the only member and had no board, office, or structure. The deal fell through simply because he used a title without the support to back it up.

Using “CEO” for a one-person venture can block big opportunities. Instead, choose a title that matches your current role. Here are ten alternatives:
1. Operations Manager
2. Team Head
3. Sales Manager
4. Creative Director
5. Logistics Manager
6. Head of Operations
7. Senior Partner
8. Marketing Officer
9. Financial Director
10. Accounting Officer

Focus on growing your team, registering properly, and building a solid foundation. Every great company starts small. Keep grinding and stay focused—you will succeed, IJN.

Stop Calling Yourself CEO. Here Are 10 Names You Can Use For Your Small Business

Stop Calling Yourself CEO: 10 Better Titles for Your Small Business

Taking control of your finances starts with your mindset. Read personal finance books to build the knowledge and skills you need. This foundation won’t put money in your pocket immediately, but it will prepare you to make, manage, and multiply your earnings.

Next, pick one high-income skill—video editing, copywriting, web design, sales funnel building, or another that excites you. Commit to 90 days of focused learning. Combine a paid course with free YouTube tutorials and practice without distractions.

When you’re ready, serve clients to build trust and a portfolio. Offer your skill for free at first. Once clients see your value, charge a fee. This approach helped me land my first sales funnel and chatbot projects.

Finally, package your expertise into a digital product. Teach what you know and get paid a second way. Challenges will come, but treat them as lessons. Stay persistent, keep improving, and watch your income streams grow.

How To Take Control Of Your Life And Finances As A Graduate

Graduate’s Roadmap to Financial Freedom: Online Income Strategies

Eko Electricity Distribution Company (Eko DisCo) has notified customers of a 25-day planned power outage across parts of Lagos State. The blackout will run from 28 July to 21 August 2025, daily between 8:00 a.m. and 5:00 p.m.

The outage is required to allow the Transmission Company of Nigeria (TCN) to carry out essential maintenance on the Omotosho–Ikeja West 330 kV transmission line. During this period, affected areas should expect intermittent supply and scheduled load shedding.

Customers are advised to make alternative power arrangements for critical appliances. For updates, follow Eko DisCo’s official X account or visit their website.

Eko Disco Announces 25-day Blackout In Lagos

Eko DisCo Schedules 25-Day Daytime Power Outage in Lagos

France’s Canal+ has agreed to acquire the remaining 55% stake in MultiChoice Group, owner of DStv and GOtv, in a landmark $3 billion deal (approximately 55 billion rand).

The South African Competition Tribunal approved the transaction on July 23, subject to public interest conditions aimed at safeguarding local content and preserving media independence.

Once all regulatory steps are cleared, the takeover is set to be finalised by October 8, 2025.

Affluent French Media Firm Buys Over Multichoice For $3bn, Fully Acquire Control

French Media Giant Canal+ Completes $3 Billion Takeover of MultiChoice

Vice-President Kashim Shettima praised President Bola Tinubu’s firm stance against powerful oil interests after he ended the petrol subsidy. He told visiting NACCIMA executives that removing the subsidy was long overdue and served Nigerians’ best interests.

Shettima highlighted Tinubu’s commercial background, noting his experience as a financial controller at Mobil. He said the president resisted intense pressure from the oil cabal and remained committed to bold, pro-business reforms.

NACCIMA President Jani Ibrahim welcomed the administration’s private-sector focus. He called for regular bi-annual consultations with the vice-president’s office and private-sector representation on key policy councils to drive national development.

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