Business Archives - Page 11 of 20

High Waybill Costs Are Driving Some Online Shoppers Back to Physical Markets

February 16, 2026

High waybill costs for delivering goods bought online are prompting some customers to return to physical markets, vendors and customers interviewed by Business & Lifestyle said. The trend emerged as online shopping expanded during periods of fuel scarcity and movement restrictions in the COVID-19 era, when many Nigerians shifted away from visiting physical markets in...

NNPC Reports N60.5trn Revenue and N5.76trn Profit in 2025

February 16, 2026

The Nigerian National Petroleum Company Limited said it generated N60.5 trillion in revenue and posted a profit after tax of N5.76 trillion in 2025, according to its monthly report published by the company. The figures were disclosed in a report published on the company’s website and reflect the company’s financial performance for the full year...

Banks to Pay N10m Fine for Using Unaccredited Cheque Printers

February 13, 2026

The Central Bank of Nigeria has said banks that use unaccredited cheque printers will be required to pay a N10 million fine for each offence, the apex bank stated. The directive is contained in the updated Circular on Cheque Printers Accreditation issued by the CBN. The policy aims to regulate the quality and security of...

NSDC Partners NEXIM Bank to Scale Sugar Project Financing

February 13, 2026

The Nigerian Sovereign Debt Management Office has entered into financing agreements with the Nigerian Export-Import Bank to scale up funding for projects under the Sugar Master Plan, the organisations said. The development was disclosed during a meeting between the Executive Vice-Chairman of the Nigerian Sovereign Debt Management Office and the Managing Director of NEXIM Bank....

Tinubu Commends BOI for N636bn Disbursement to Businesses in 2025

February 12, 2026

President Bola Tinubu has commended the Bank of Industry for disbursing N636bn to businesses in 2025, describing it as the highest annual financing volume in the institution’s history. The President’s remarks were contained in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga. The statement highlighted the role of...

States Pay N455bn to Service Foreign Loans in 2025

February 11, 2026

Nigerian states collectively paid N455.38bn to service foreign loans in 2025, according to figures released by the Federation Accounts Allocation Committee and analysed from National Bureau of Statistics data. The payments represent deductions made from statutory revenue allocations to states for the repayment of external debt obligations. These figures were made available as part of...

Licensed BDCs Can Now Access $150,000 Weekly from CBN

February 11, 2026

The Central Bank of Nigeria has approved that licensed Bureau De Change operators can purchase up to $150,000 in foreign exchange weekly from authorised dealer banks, according to a circular signed by the apex bank’s Trade and Exchange Department. The circular, dated February 10, 2026, was signed by Dr. Musa Nakorji, Director of the Trade...

Tax Revenue in Nigeria Rises 30% to N28.3tn in 2025

February 11, 2026

The Nigerian Revenue Service reported that total tax revenue for 2025 reached N28.3 trillion, 30 percent higher than the N21.7 trillion recorded in 2024, according to official figures. The performance figures were presented in Abuja by Hajiya Amina Kurawa, Executive Director of Government and Large Tax at the NRS, during the agency’s 2025 Leadership Retreat....

NCDMB Issues NCEC Guidance Notes, Rules Out Transfer of Certificate

February 10, 2026

The Nigerian Content Development and Monitoring Board has issued the NCEC Application Guidance Notes, with effect from December 2025, and stated that Nigerian Content Equipment Certificates are not transferable. The guidance notes were published by the board as part of efforts to implement Presidential Directives on Local Content Requirements and to standardise participation in the...

NDPHC and KAEDCO Deepen Partnership to Boost Power Supply in Kaduna

February 10, 2026

Niger Delta Power Holding Company and the Kaduna Electricity Distribution Company have agreed to deepen their partnership to improve power generation and distribution in Kaduna State. The collaboration agreement was reached during a courtesy visit by the leadership of KAEDCO to the headquarters of NDPHC in Abuja. The discussions focused on ways to strengthen electricity...

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School Kidnappings Crisis: NLC Threatens Solidarity Strike Over Rising Abductions

June 3, 2026

The school kidnappings crisis in Nigeria has prompted the Nigeria Labour Congress (NLC) to threaten a nationwide solidarity strike if authorities fail to address the growing wave of abductions targeting schools. The labour movement expressed concern over the increasing attacks on educational institutions, particularly the recent abduction of pupils and teachers in Oyo State. NLC...

ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

June 3, 2026

An ISWAP commander killed during ongoing military operations in Nigeria’s North-East was among at least 50 terrorists neutralised by troops of Operation Hadin Kai, according to military authorities. The operation, which targeted Islamic State West Africa Province (ISWAP) fighters and other insurgents, was carried out as part of intensified efforts to dismantle terrorist networks operating...

Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

June 2, 2026

Teachers in Enugu State on Tuesday joined a nationwide solidarity rally organised by the Nigeria Union of Teachers (NUT), marching to the Government House in Enugu to demand the immediate release of abducted Oyo pupils and their teachers. The demonstration followed a directive from the national leadership of the union after the abduction of dozens...

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School Kidnappings Crisis: NLC Threatens Solidarity Strike Over Rising Abductions

ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

Latest News

High Waybill Costs Are Driving Some Online Shoppers Back to Physical Markets

NNPC Reports N60.5trn Revenue and N5.76trn Profit in 2025

Banks to Pay N10m Fine for Using Unaccredited Cheque Printers

NSDC Partners NEXIM Bank to Scale Sugar Project Financing

Tinubu Commends BOI for N636bn Disbursement to Businesses in 2025

States Pay N455bn to Service Foreign Loans in 2025

Licensed BDCs Can Now Access $150,000 Weekly from CBN

Tax Revenue in Nigeria Rises 30% to N28.3tn in 2025

NCDMB Issues NCEC Guidance Notes, Rules Out Transfer of Certificate

NDPHC and KAEDCO Deepen Partnership to Boost Power Supply in Kaduna

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School Kidnappings Crisis: NLC Threatens Solidarity Strike Over Rising Abductions

ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

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