Business Archives - Page 18 of 23

Coca-Cola Pledges Additional $1bn Investment to Deepen Nigerian Operations

February 2, 2026

The Coca-Cola Company has announced plans to invest an additional $1 billion in its Nigerian operations, reinforcing its long-term commitment to the country’s economy, the United States Embassy in Nigeria said in a social media post on February 2, 2026. The investment is expected to deepen industrial footprint and support local workforce and infrastructure development....

NEF Criticises Gold Refinery Siting Amid Federal Government Clarifications

February 2, 2026

The Northern Elders Forum (NEF) has criticised the decision to locate a gold refinery in Lagos State, describing the move as a departure from equitable federal resource distribution and a source of discord, according to the forum’s statement signed by Professor Abubakar Jika Jiddere. NEF’s reaction comes amid clarifications from the Federal Ministry of Solid...

Over N200bn Lost as Onitsha Market Reopens After Deal Between Traders and Soludo

February 1, 2026

Onitsha Main Market has reopened after the Anambra State Government and market leadership reached an agreement to end the temporary closure imposed last week, following significant economic losses estimated at more than N200 billion over six days, authorities and traders said. The development marks a pause in one of the region’s most disruptive commercial shutdowns...

First HoldCo Reports N3.4tn Gross Earnings in 2025 Amid High Impairment Charges

February 1, 2026

First HoldCo Plc announced its unaudited financial results for the year ended December 31, 2025, reporting a 4.8 per cent year‑on‑year increase in gross earnings to N3.4 trillion, supported by growth in interest income and net fees, the company said in a statement issued on January 30, 2026. According to the financial statement, net interest...

FAAC States’ Rejection of N1.9tn Delays January Federal Revenue Distribution

January 31, 2026

The Federal Account Allocation Committee (FAAC) meeting to distribute January 2026 federally collected revenue was stalled after state government representatives rejected an N1.9 trillion distributable figure, officials said. The disagreement emerged during FAAC deliberations in Abuja on January 30, 2026, hindering the revenue allocation process for the month. The rejection stemmed from concerns among state...

Nigeria’s Telecoms Sector Attracted Over $1bn in 2025, NCC Says

January 30, 2026

Nigeria’s telecommunications industry attracted over $1 billion in capital investment in 2025, the Nigerian Communications Commission (NCC) has disclosed, with funding directed at expanding network infrastructure and improving service quality across urban and rural areas. The investment contributed to the rollout of thousands of new network sites and signalled sustained investor confidence in the country’s...

Dangote Cement Launches Safety FairPlay Initiative to Transform Workplace Culture

January 30, 2026

Dangote Cement Plc has launched a Safety FairPlay Initiative at its Ibese Plant in Ogun State as part of efforts to transform workplace safety culture and drive behavioural change among employees, the company said. The pilot programme is designed to be rolled out across all Dangote Cement operations nationwide as part of a broader commitment...

Linkage Assurance Reports 24% Revenue Growth to ₦27.6bn in 2025

January 30, 2026

Linkage Assurance Plc recorded a 24 per cent rise in insurance revenue to ₦27.6 billion for the 2025 financial year from ₦22.2 billion in 2024, the company said in its unaudited results filed with the Nigerian Exchange (NGX) and made available to investors and shareholders. The underwriting firm’s insurance service result, a key measure of...

FG’s N9.19tn Domestic Loan Surge Drains Lifeline from Businesses

January 30, 2026

Nigeria’s Federal Government domestic borrowings surged by N9.19 trillion in 2025, significantly reducing the pool of credit available to the private sector and tightening financing conditions for businesses, according to Central Bank of Nigeria (CBN) money and credit statistics. The rising demand for local funds by the government occurred amid high interest rates and limited...

Petrol Prices Likely to Rise Again as Crude Oil Costs Surge, Analysts Warn

January 30, 2026

Nigerians may face further increases in petrol prices following a sustained rise in global crude oil prices, industry analysts and market stakeholders have said. The development comes days after recent upward adjustments in pump prices across the country, heightening concerns about living costs and business expenses. Data from international commodity markets show Bonny Light crude...

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

July 28, 2026

Former Edo State Governor and Senator Adams Oshiomhole has criticised the 2027 presidential ambition of Nigeria Democratic Congress (NDC) candidate Peter Obi, describing his promise to transform Nigeria within a single four-year term as unrealistic and driven by desperation. Speaking on Obi’s campaign promises, Oshiomhole questioned the former Anambra governor’s political consistency, arguing that his...

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

July 26, 2026

The Socio-Economic Rights and Accountability Project (SERAP) has instituted legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL) over what it describes as the company’s failure to properly explain ₦211 trillion recorded in its 2023 audited financial statements. The lawsuit, filed before the Federal High Court in Abuja, challenges financial entries listed as “Sundry...

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

July 26, 2026

Security forces have intensified efforts to rescue the Zamfara LG chairman, Hon. Nura Umar Abdullahi, after suspected terrorists abducted him during an overnight attack on his residence in Bungudu Local Government Area of Zamfara State. The Joint Task Force (North West), operating under Operation Fansan Yamma, confirmed in a statement issued on Saturday that the...

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

Kwankwaso Breaks Silence on Peter Obi’s One-Term Promise Ahead of 2027

Latest News

Coca-Cola Pledges Additional $1bn Investment to Deepen Nigerian Operations

NEF Criticises Gold Refinery Siting Amid Federal Government Clarifications

Over N200bn Lost as Onitsha Market Reopens After Deal Between Traders and Soludo

First HoldCo Reports N3.4tn Gross Earnings in 2025 Amid High Impairment Charges

FAAC States’ Rejection of N1.9tn Delays January Federal Revenue Distribution

Nigeria’s Telecoms Sector Attracted Over $1bn in 2025, NCC Says

Dangote Cement Launches Safety FairPlay Initiative to Transform Workplace Culture

Linkage Assurance Reports 24% Revenue Growth to ₦27.6bn in 2025

FG’s N9.19tn Domestic Loan Surge Drains Lifeline from Businesses

Petrol Prices Likely to Rise Again as Crude Oil Costs Surge, Analysts Warn

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

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