Business Archives - Page 10 of 23

CBN blacklists top loan defaulters, restricts their banking access

March 27, 2026

The CBN blacklists top loan defaulters in a recent regulatory move aimed at strengthening credit discipline across Nigeria’s banking sector. The Central Bank of Nigeria (CBN) directed banks to restrict access to additional credit and certain banking services for large borrowers whose loan obligations have been classified as non‑performing. The directive was issued in a...

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MAN Urges Africa to Boost Industrial Growth Through Value Addition

March 24, 2026

The Manufacturers Association of Nigeria has called on African countries to prioritise value addition in their production processes as a means of strengthening industrial capacity and economic growth. The association said Africa continues to export large volumes of raw materials while importing finished goods, a pattern it described as limiting the continent’s industrial development. It...

FG Attracts Over $2.6bn FDI into Solid Minerals in Two Years

March 24, 2026

The Federal Government has attracted over $2.6 billion in foreign direct investment into Nigeria’s solid minerals sector within the last two years, the Minister of Solid Minerals Development, Dele Alake, has said. Alake disclosed this while outlining developments in the sector, noting that reforms introduced by the government have focused on repositioning solid minerals as...

New Pension Plan Could Change How Small Businesses Save — Leadway

March 24, 2026

Leadway Pensure PFA Limited has said Nigeria’s Personal Pension Plan will transform how small business owners save for retirement, making contributions more flexible and accessible. The company stated that the Personal Pension Plan is a key initiative for Nigeria’s economic development, particularly as a large portion of the workforce operates within the informal sector. It...

NGX Rally Extends as Investors Gain N1.8trn in Three Days

March 23, 2026

Trading on the Nigerian equities market closed on a positive note last week, as investors gained about ₦1.765 trillion in three trading sessions on the Nigerian Exchange Limited. The market recorded gains during a shortened trading week, with activities spanning three sessions. The positive performance reflects continued investor participation and movements in key equities. Market...

Tariff Crisis Threatens Shipping Operations, Jobs in Nigeria

March 21, 2026

Shipping companies operating in Nigeria have warned that ongoing tariff-related disputes could force them to shut down local operations, raising concerns over potential job losses in the maritime sector. The warning follows tensions linked to tariff increases and disputes between shipping firms and stakeholders within Nigeria’s port system. The situation has affected operations and heightened...

Shippers Council Appeals for Dialogue as Freight Forwarders Protest

March 20, 2026

The Nigerian Shippers Council has urged freight forwarders to adopt dialogue in resolving disputes after some staged a protest at the offices of Mediterranean Shipping Company over recent tariff increases. Freight forwarders protested at the company’s offices in response to an increase in shipping line tariffs. The picketing action took place as part of industrial action by...

Call Grows for Female Leadership in Nigeria’s Energy Sector

March 20, 2026

Energy companies in Nigeria have been urged to increase the appointment of women to top leadership positions as part of efforts to promote inclusion in the sector. The call was made by the Chief Executive Officer of Falcon Corporation Limited, Audrey Joe-Ezigbo, during activities marking International Women’s Day 2026. She noted that the energy sector...

42% of Nigerians Say Interest Rates on Bank Loans Are Rising – Survey

March 19, 2026

A recent survey shows that 42 percent of Nigerians believe interest rates on bank loans are rising, with many respondents highlighting high borrowing costs as a major concern. The findings are contained in the latest Vanguard All‑Africa Poll, which assesses public perceptions of the economy and public sector performance. The poll covers views on inflation,...

Middle East Conflict May Raise Reinsurance Costs for Nigerian Insurers

March 19, 2026

Nigerian insurance companies are likely to face higher reinsurance costs as a result of disruptions caused by the ongoing conflict in the Middle East, according to industry experts. Reinsurance companies play a key role in the global insurance market by providing insurance for insurance firms. When reinsurers incur large losses or face increased uncertainty, they...

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

July 28, 2026

Former Edo State Governor and Senator Adams Oshiomhole has criticised the 2027 presidential ambition of Nigeria Democratic Congress (NDC) candidate Peter Obi, describing his promise to transform Nigeria within a single four-year term as unrealistic and driven by desperation. Speaking on Obi’s campaign promises, Oshiomhole questioned the former Anambra governor’s political consistency, arguing that his...

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

July 26, 2026

The Socio-Economic Rights and Accountability Project (SERAP) has instituted legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL) over what it describes as the company’s failure to properly explain ₦211 trillion recorded in its 2023 audited financial statements. The lawsuit, filed before the Federal High Court in Abuja, challenges financial entries listed as “Sundry...

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

July 26, 2026

Security forces have intensified efforts to rescue the Zamfara LG chairman, Hon. Nura Umar Abdullahi, after suspected terrorists abducted him during an overnight attack on his residence in Bungudu Local Government Area of Zamfara State. The Joint Task Force (North West), operating under Operation Fansan Yamma, confirmed in a statement issued on Saturday that the...

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

Kwankwaso Breaks Silence on Peter Obi’s One-Term Promise Ahead of 2027

Latest News

CBN blacklists top loan defaulters, restricts their banking access

MAN Urges Africa to Boost Industrial Growth Through Value Addition

FG Attracts Over $2.6bn FDI into Solid Minerals in Two Years

New Pension Plan Could Change How Small Businesses Save — Leadway

NGX Rally Extends as Investors Gain N1.8trn in Three Days

Tariff Crisis Threatens Shipping Operations, Jobs in Nigeria

Shippers Council Appeals for Dialogue as Freight Forwarders Protest

Call Grows for Female Leadership in Nigeria’s Energy Sector

42% of Nigerians Say Interest Rates on Bank Loans Are Rising – Survey

Middle East Conflict May Raise Reinsurance Costs for Nigerian Insurers

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

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