Business Archives - Page 12 of 20

Nigeria’s Factory Jobs Grow Despite Weak Output Per Worker

February 9, 2026

Data from international agencies show that employment in Nigeria’s manufacturing sector has increased over the past two decades, but productivity measured by value added per worker has declined, according to a Vanguard report. The report published on February 9, 2026, draws on data from the United Nations Industrial Development Organization, the World Bank, and the...

Manufacturers Record N1.8trn Unsold Goods as Demand Slumps

February 9, 2026

Leading manufacturing companies in Nigeria recorded combined inventory levels of about N1.8 trillion in the first nine months of 2025, reflecting increased stock of finished goods and raw materials, Vanguard reported. Data compiled by Financial Vanguard show that inventories among major manufacturers rose by about N200 billion in 9M’25, compared with the same period in...

Sanwo‑Olu Pledges Infrastructure‑Led Growth for Lagos

February 8, 2026

Lagos State Governor Babajide Sanwo‑Olu has reaffirmed his administration’s focus on deepening infrastructure delivery, strengthening institutions, expanding climate‑adaptive investments, and guiding urban growth through planned infrastructure, the governor said at a construction and real estate outlook event. The governor spoke at the 2026 Nigeria Construction and Real Estate Outlook organised by the Royal Institution of...

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Manufacturers Reduce Bank Loans by N1.44tn Amid High Interest Rates

February 8, 2026

Nigerian manufacturers significantly reduced their outstanding bank loans by N1.44tn in the first nine months of 2025, according to data from the Central Bank of Nigeria’s quarterly statistical bulletin. The decline in credit to the manufacturing sector reflects changes in borrowing patterns amid tight monetary conditions and elevated interest rates, as reported by the CBN....

CBN Warns Over Nigeria Fintech Sector’s Heavy Reliance on Foreign Investment

February 8, 2026

The Central Bank of Nigeria has said Nigeria’s financial technology sector remains heavily dependent on foreign investment, according to its 2025 Fintech Policy Insight Report. The apex bank’s comments were published on February 8, 2026, alongside the release of its fintech policy report. The report noted that reliance on external capital exposes Nigeria’s fintech ecosystem...

Dangote Executive Honoured for Role in Advancing Nigeria’s Refining Capacity

February 8, 2026

The Vice President (Oil & Gas) of Dangote Industries Limited, Devakumar Edwin, has been honoured with the Person of the Year award for his contributions to Nigeria’s oil and gas sector and for advancing the Dangote Petroleum Refinery and Petrochemicals. The award was presented at the 9th Annual Award and Lecture of Daily Asset Newspapers in...

Five Online Side Hustles Nigerians Can Try for Extra Income in 2026

February 8, 2026

Nigerians seeking extra income online in 2026 can explore a range of digital side hustles that can be done remotely from a laptop or home office. Side hustles remain a popular way to supplement income alongside a full-time job or small business. For those interested in online opportunities in 2026, several niche hustles tap into...

Toyota Raises Profit and Sales Forecast for Fiscal Year

February 7, 2026

The Japanese automaker now expects a net profit of ¥3.57 trillion (about $22.8 billion) for the year ending March 31, 2026, up from its earlier projection of ¥2.93 trillion. Operating profit is forecast to reach ¥3.8 trillion, compared with the prior estimate of ¥3.4 trillion. Sales revenue is projected at ¥50 trillion, slightly higher than...

Ecobank Profit Rises 29% to N950bn in 2025 Financial Year

February 7, 2026

Ecobank Transnational Incorporated has reported a 29 percent increase in profit after tax to N950.0bn for the financial year ended December 31, 2025, compared with the previous year. The pan‑African banking group filed its Condensed Consolidated Unaudited Financial Statements for 2025 with the Nigerian Exchange Limited. The results showed a marked improvement in several key...

FG Issues Deadlines to Chinese Road Contractors Over Delays and Substandard Work

February 7, 2026

The Federal Government has issued stern warnings and strict deadlines to China Harbour Engineering Company and its sister firm, China Harbour Operation and Maintenance Company, over delays and substandard work on several federal road contracts. The directives followed a high‑level meeting chaired by the Minister of Works, Senator David Umahi, at the Ministry’s headquarters in...

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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

Nigeria’s Factory Jobs Grow Despite Weak Output Per Worker

Manufacturers Record N1.8trn Unsold Goods as Demand Slumps

Sanwo‑Olu Pledges Infrastructure‑Led Growth for Lagos

Manufacturers Reduce Bank Loans by N1.44tn Amid High Interest Rates

CBN Warns Over Nigeria Fintech Sector’s Heavy Reliance on Foreign Investment

Dangote Executive Honoured for Role in Advancing Nigeria’s Refining Capacity

Five Online Side Hustles Nigerians Can Try for Extra Income in 2026

Toyota Raises Profit and Sales Forecast for Fiscal Year

Ecobank Profit Rises 29% to N950bn in 2025 Financial Year

FG Issues Deadlines to Chinese Road Contractors Over Delays and Substandard Work

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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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