Business Archives - Page 10 of 25

NGX Foreign Inflows Rise 78% Amid Increasing Market Outflows

April 23, 2026

The NGX foreign inflows rose by 78 percent in March 2026. Data from the Nigerian Exchange showed increased foreign participation. The NGX foreign inflows growth occurred alongside rising outflows. The trend reflects evolving investor activity within Nigeria’s capital market. The Nigerian Exchange records both domestic and foreign transactions. Domestic investors have consistently dominated market activity...

Tinubu Pension War Chest Reaches N25trn as Reform Push Deepens

April 23, 2026

Tinubu pension war chest has reached about N25 trillion. Officials disclosed the figure while outlining ongoing pension reforms. The Tinubu pension war chest reflects accumulated pension assets under management. The development signals growing focus on long-term financial security. Nigeria operates a contributory pension scheme managed by licensed administrators. The system pools retirement savings from public...

Solar Manufacturing Expansion to 300MW Advances Nigeria Energy Goals

April 22, 2026

Solar manufacturing expansion has reached 300MW in Nigeria. Officials confirmed progress toward a planned 3.7GW solar hub. The solar manufacturing expansion aims to strengthen local production capacity. It also supports Nigeria’s broader renewable energy transition goals. Nigeria continues to expand its renewable energy sector. Solar power remains central to national energy diversification plans. The government...

TOMORROW IS HERE: A SLOGAN WITHOUT CORRESPONDENCE IN THE LIVES OF NDI ENUGU

April 20, 2026

The slogan “Tomorrow Is Here” was meant to inspire hope. It was meant to signal progress, prosperity, and a new era for Enugu State. Yet, nearly three years later, many citizens see a widening gap between the promise and their lived reality. What was marketed as transformation now appears to many as a series of...

Manufacturers Fault World Bank Plan to Reinstate Petrol Import Licences

April 20, 2026

Petrol import licences have come under renewed debate after manufacturers rejected a World Bank proposal suggesting their reinstatement in Nigeria. The Manufacturers Association of Nigeria said the move would weaken local refining capacity. It warned that it could reverse progress made in domestic fuel production. The reaction follows ongoing discussions on energy policy and inflation...

CBN Expands Digital Finance to Boost Financial Services Access

April 20, 2026

CBN digital finance access is being expanded by the Central Bank of Nigeria to improve availability of financial services across the country. The apex bank said digital tools are central to its strategy for financial inclusion. Officials noted that more Nigerians are now using mobile and online platforms for transactions. The initiative is aimed at...

Senate Gives NNPCL April 29 Deadline Over ₦210tn Audit Queries

April 15, 2026

NNPCL audit queries deadline has been fixed for April 29 by the Senate Committee on Public Accounts. The directive requires the Nigerian National Petroleum Company Limited to respond to ₦210tn in audit issues raised from its financial statements. Lawmakers said the queries relate to unexplained figures spanning 2017 to 2023.The Senate insisted on a detailed...

FAAC Deductions of 41% Revenue Raise Concerns Over Fiscal Space

April 15, 2026

FAAC deductions of 41% revenue have significantly reduced funds available to Nigeria’s federal, state, and local governments, with ₦34.53tn deducted from a total ₦83.97tn generated between 2023 and 2025. Data drawn from the World Bank’s Nigeria Development Update highlights the scale of the deductions. The figures show that a large share of national revenue is...

Africa trade policy group appoints Ese Owie as convenor in global influence push

April 10, 2026

The Africa trade policy group has appointed Ese Owie as its convenor, as trade experts and policymakers across the continent push to strengthen Africa’s influence in global trade governance. The announcement was made during the launch of the Africa Trade Policy Working Group on the sidelines of the World Trade Organization’s 14th Ministerial Conference in...

Policyholders protection fund unveiled as NAICOM mandates contributions

April 8, 2026

The policyholders protection fund has been unveiled by the National Insurance Commission, with a directive requiring all insurance and reinsurance companies in Nigeria to contribute to the scheme. The initiative is designed to safeguard policyholders and strengthen stability within the insurance sector. Under the new framework, insurers are mandated to remit 0.25 percent of their...

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2027: Nigerians Question Whether Their Votes Will Count

September 12, 2026

As Nigeria prepares for the 2027 general elections, concerns over the credibility of the electoral process have resurfaced, with stakeholders divided over whether voters’ choices will be fully protected and reflected in the final results. The debate followed the inauguration of the All Progressives Movement, APM, presidential campaign office in Ibadan, where Oyo State Governor...

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...

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2027: Nigerians Question Whether Their Votes Will Count

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

Latest News

NGX Foreign Inflows Rise 78% Amid Increasing Market Outflows

Tinubu Pension War Chest Reaches N25trn as Reform Push Deepens

Solar Manufacturing Expansion to 300MW Advances Nigeria Energy Goals

TOMORROW IS HERE: A SLOGAN WITHOUT CORRESPONDENCE IN THE LIVES OF NDI ENUGU

Manufacturers Fault World Bank Plan to Reinstate Petrol Import Licences

CBN Expands Digital Finance to Boost Financial Services Access

Senate Gives NNPCL April 29 Deadline Over ₦210tn Audit Queries

FAAC Deductions of 41% Revenue Raise Concerns Over Fiscal Space

Africa trade policy group appoints Ese Owie as convenor in global influence push

Policyholders protection fund unveiled as NAICOM mandates contributions

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2027: Nigerians Question Whether Their Votes Will Count

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

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

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