Business Archives - Page 17 of 25

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...

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...

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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

NDPHC and KAEDCO Deepen Partnership to Boost Power Supply in Kaduna

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

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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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