HomeBusiness

Business

News

Otti backs plan to expand insurance access in Abia

Abia State Governor Alex Otti has backed a plan to deepen insurance penetration, commending registered insurance brokers for engaging the public and pledging wider participation.
News

FG scraps three-month pre-retirement leave for civil servants

The Federal Government has directed agencies to stop placing civil servants on a mandatory three-month pre-retirement leave, saying the practice has no legal basis.

Keep exploring

Business

Nigeria’s Economy Slows as GDP Growth Drops to 3.89% in Q1 2026 — NBS

KEY POINTS Nigeria’s economy grew by 3.89% in Q1 2026, according to the National...
Business

UBA opens innovation hub, business office at UNILAG

UBA has opened an innovation hub and business office at the University of Lagos, as chairman Tony Elumelu returned to his alma mater for the commissioning.
Business

Nigeria’s trade surplus jumps 220 percent to $480m

Nigeria's trade surplus jumped 220 percent to $480 million in January as oil exports hit a record, even as weaker cocoa prices dragged non-oil earnings.
Business

CBN Retains Interest Rate at 26.5%

KEY POINTS The Central Bank of Nigeria retained the benchmark interest rate at 26.5%...
Business

Dangote unveils multi-billion-dollar Olokola deep seaport on 10,000 hectares

Aliko Dangote's group has begun preliminary work on a 10,000-hectare deep seaport at Olokola, targeting exports, fertilizer shipments and Atlantic trade.
Business

AfDB approves $200m BoI facility to boost Nigeria’s industrial sector

AfDB approved a $200 million facility for Nigeria's Bank of Industry to boost SMEs, manufacturing and green industrialization, with women-led and youth businesses prioritized.
Business

Dangote lifts Ethiopia investment to $4billion, pledges African food security

Aliko Dangote raised his Ethiopia investment from $2.5 billion to over $4 billion, pledging that fertilizer plants will deliver food security across Africa.
Business

Nigeria’s Inflation Rate Climbs to 15.69% in April Despite Slower Food Price Growth

KEY POINTS Nigeria’s inflation rate rose slightly to 15.69% in April 2026 after the...
Business

Dangote details mafia fight against $20bn Lekki refinery

Aliko Dangote said a fuel-import 'mafia' tried to block his $20bn Lekki refinery as land, currency and infrastructure costs piled up.
Business

Forex shock will swallow tariff cut on car prices, stakeholders warn

Nigerian car prices will not drop despite FG's tariff cut from 70 to 40 percent because forex, logistics and port costs dominate vehicle landing prices.
Business

LPG price set to hit N1,500/kg as depot stocks dry up

Nigerian cooking gas could rise to N1,500 per kilogram from N1,300 as depot stocks thin and only Dangote Refinery, Ardova and Navgas have supplies.
Business

Nigerian brewers post 117 percent profit jump in 2025

Nigeria's top four brewers grew combined profit 117 percent to N317.2 billion in 2025 on N2.8 trillion in revenue, driven by aggressive product re-pricing.
Load more

Latest articles

News

Otti backs plan to expand insurance access in Abia

Abia State Governor Alex Otti has backed a plan to deepen insurance penetration, commending registered insurance brokers for engaging the public and pledging wider participation.
News

FG scraps three-month pre-retirement leave for civil servants

The Federal Government has directed agencies to stop placing civil servants on a mandatory three-month pre-retirement leave, saying the practice has no legal basis.
Business

CBN unveils Payment Systems Vision 2028 to drive growth and financial inclusion

CBN Governor Olayemi Cardoso has unveiled Payment Systems Vision 2028, a strategic roadmap to build a secure, inclusive and globally competitive payments ecosystem in Nigeria.
News

Nigeria and Liberia move to deepen maritime cooperation and capacity building

NIMASA Director-General Dayo Mobereola and Liberia's honorary consul Dapo Akinosun have pledged to deepen maritime cooperation, capacity building and Blue Economy development across Africa.