Business
Global Tourism: WTTC Tips Lagos for Lion’s Share by 2032
World Travel and Tourism Council (WTTC) has ranked Lagos, Nigeria on the top ten cities for tourism and business travel by 2032.
In the study, Lagos is placed higher than Cape Town, Riyadh, Johannesburg, Singapore City, Amsterdam, and Warsaw, among other cities.
Said the report: “By 2032, Lagos, Nigeria, is predicted to have the largest share of business travel spending in the world.
Lagos’ share of business spending is anticipated to make up more than half of the city’s tourism spend and is joined by fellow cities like Cape Town and Johannesburg in South Africa, and Riyadh in Saudi Arabia in the top four”.
Singapore City, Singapore; Amsterdam, Netherlands; Warsaw, Poland; Brussels, Belgium; Stockholm, Sweden; and Zurich, Switzerland are among the other cities that the survey ranked among the top 10.
“Time Out, a British media and hospitality company, recently named Lagos State the 19th Best City to Visit in the World.
It ranked Lagos State higher than cities like Melbourne, Naples, Singapore, Miami, Dubai, Beijing, and Montreal.
According to Time Out, its network of editors and a survey of over 20,000 city people worldwide were used to determine the rankings that were posted on its website.
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Business
Traders shut down Enugu ‘s Obollo-Afor market over N25,000 haulage levy
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
All shops and markets at Obollo-Afor, Udenu Local Government Area of Enugu State were shut yesterday, as traders staged a peaceful protest against alleged selective collection of a N25,000 haulage levy in the market.
The traders, who locked their shops and took to the streets in large numbers, carried placards with various inscriptions, alleging that the Enugu State Internal Revenue Service (ESIRS) had singled out Obollo-Afor Market for the collection of N25,000 haulage fee on every truckload of goods loaded or offloaded in the market.
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
Addressing officials of the Udenu Local Government Council at the council secretariat, where the protesters marched to present their grievances, Chairman, Obollo-Afor Market Traders Association, Charles Eze, lamented that truck operators bringing foodstuffs, building materials, and other commodities to the market had stopped coming because of the levy.
Business
Nigeria’s oil production dropped by 4% in July – NUPRC
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
The Nigerian Upstream Regulatory Commission (NUPRC) data has shown Nigeria’s average daily oil production fell by four percent in July, 2026.
According to the NUPRC, Nigeria produced 1.505 million barrels per day (bpd) of crude oil and 0.17 million bpd of condensate, bringing the combined daily production to 1.67 million bpd.
The commission said the country met and exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota of 1.5 million bpd for the third consecutive month.
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
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