Business Archives - Page 16 of 25

Nigeria’s Food Inflation Falls to Single Digits—Lowest in a Decade

February 17, 2026

Some stakeholders have expressed mixed reactions to the National Bureau of Statistics (NBS) report showing that food inflation in Nigeria declined to 8.89 percent in January, figures the statistics agency published in its latest Consumer Price Index report. The January 2026 inflation statistics from the NBS showed that food inflation, a major component of the...

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...

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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

Nigeria’s Food Inflation Falls to Single Digits—Lowest in a Decade

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

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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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