Business Archives - Green Horizon News

FRC launches national repository, ends multiple financial filings

September 2, 2026

The Financial Reporting Council of Nigeria has introduced a national repository for audited financial statements, ending the need for companies to file the same documents with multiple government agencies. The FRC Chief Executive Officer, Rabiu Olowo, announced the development during the commissioning of the Council’s new headquarters in Lagos. The facility was commissioned on behalf...

Soil degradation threatens global food production, FAO warns

September 2, 2026

The Food and Agriculture Organisation of the United Nations has warned that worsening soil degradation could put global food production at serious risk. FAO said the threat is growing despite the availability of proven methods for protecting and restoring damaged soils. The warning was contained in the organisation’s Status of the World’s Soil Resources 2026...

NSIA healthcare investments save Nigeria $200m in medical tourism

September 2, 2026

The Nigeria Sovereign Investment Authority (NSIA) says its investments in healthcare have helped Nigeria retain about $200 million that would otherwise have been spent on medical treatment abroad. NSIA Managing Director, Aminu Umar-Sadiq, disclosed this while highlighting the authority’s efforts to reduce medical tourism and expand access to specialised healthcare within Nigeria. He said the...

Nigeria’s remittances climb to record $947m in July — CBN

August 31, 2026

Nigeria’s formal remittance inflows rose to a record $947 million in July 2026, bringing the country closer to the Central Bank of Nigeria’s $1 billion monthly target. The latest figure represents the highest monthly inflow recorded through International Money Transfer Operators, IMTOs, and signals stronger use of formal channels for diaspora money transfers. The Central...

FTSE Russell upgrade can deepen Nigeria’s capital market — NGX

August 31, 2026

Nigeria’s return to the FTSE Russell Frontier Market universe could provide fresh momentum for the country’s capital market, the NGX Group has said. Group Managing Director and Chief Executive Officer of NGX Group, Temi Popoola, said the development could help attract more international investors, improve market liquidity and mobilise long-term capital for Nigerian businesses. FTSE...

Guinness Nigeria Revenue Hits N265bn as Profit Climbs 53%

August 21, 2026

Guinness Nigeria Plc has reported a stronger financial performance for the first half of 2026, with revenue approaching N265 billion and profit after tax rising by 53 per cent to N25.3 billion. The company disclosed the figures during its H1 2026 Investors and Analysts Call, where its management outlined its financial performance, strategic priorities and...

NPERA Begins Port Regulation, Targets Transparency and Efficiency

August 21, 2026

Nigeria has entered a new phase in the economic regulation of its ports with the formal commencement of operations by the Nigeria Ports Economic Regulatory Agency, NPERA. The agency was established after President Bola Ahmed Tinubu assented to the Nigeria Ports Economic Regulatory Agency Bill, 2026. The new framework is expected to make the country’s...

NAICOM Licences Seven More Insurers Under New Capital Rules

August 21, 2026

The National Insurance Commission has issued fresh operating licences to seven insurance companies that have met Nigeria’s revised minimum capital requirements. The companies were confirmed and verified as compliant under the Nigerian Insurance Industry Reform Agenda 2025, known as NIIRA 2025. NAICOM said the latest licensing exercise represents another step towards improving financial stability, professionalism...

HBM Nigeria Profit Rises 57% to N208bn in First Half

August 18, 2026

HBM Nigeria Plc, formerly known as Lafarge Africa Plc, recorded a significant improvement in earnings during the first half of 2026, with profit after tax climbing by 57 per cent to N208 billion. The cement manufacturer disclosed the performance in its financial results released on the Nigerian Exchange Limited (NGX). The company’s profit after tax...

Foreign Dominance of Coastal Waters Threatens Nigeria’s Security

August 18, 2026

The continued dominance of foreign operators in Nigeria’s territorial waters could pose a significant threat to the country’s internal security and maritime sovereignty. A former Director of Shipping Development and Cabotage, Boniface Igwe, raised the concern in his forthcoming book, Cabotage Law and Practice. Igwe argued that the increasing influence of foreign interests in Nigeria’s...

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2027: Obi Supporters to Track Votes From Polling Units to Abuja, Says Yesufu

September 11, 2026

Political activist and Nigeria Democratic Congress member, Aisha Yesufu, has said supporters of the party’s presidential candidate, Peter Obi, will take direct steps to protect their votes in the 2027 presidential election. Yesufu said the supporters would deploy representatives to polling units and monitor election materials and results throughout the collation process. She said the...

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

September 10, 2026

The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into outstanding oil revenue debt owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies. The liabilities under investigation have been put at N432.07 billion. The probe followed findings contained in...

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

September 9, 2026

The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into an oil revenue debt of N432.07 billion owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies. The investigation followed findings contained in the Auditor-General’s annual audit reports, which identified...

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2027: Obi Supporters to Track Votes From Polling Units to Abuja, Says Yesufu

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

INEC schedules five by-elections across four states for Sept 19

Latest News

FRC launches national repository, ends multiple financial filings

Soil degradation threatens global food production, FAO warns

NSIA healthcare investments save Nigeria $200m in medical tourism

Nigeria’s remittances climb to record $947m in July — CBN

FTSE Russell upgrade can deepen Nigeria’s capital market — NGX

Guinness Nigeria Revenue Hits N265bn as Profit Climbs 53%

NPERA Begins Port Regulation, Targets Transparency and Efficiency

NAICOM Licences Seven More Insurers Under New Capital Rules

HBM Nigeria Profit Rises 57% to N208bn in First Half

Foreign Dominance of Coastal Waters Threatens Nigeria’s Security

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2027: Obi Supporters to Track Votes From Polling Units to Abuja, Says Yesufu

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

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