Business Archives - Page 19 of 25

Nigeria’s Economic Activity Expands to 55.7 Index Points in January, CBN PMI Report Shows

February 5, 2026

Nigeria’s economic activity expanded in January 2026, with the Purchasing Managers’ Index (PMI) reaching 55.7 index points, the Central Bank of Nigeria (CBN) reported, indicating continued expansion in aggregate business activity across sectors monitored by the PMI survey. This figure was disclosed in the central bank’s January 2026 PMI report, a key indicator of economic...

Nigeria’s Telecom Market Expands as Subscribers Hit 179.6m

February 4, 2026

Total telecommunications subscriptions in Nigeria rose to 179.6 million by the end of January 2026, while teledensity (the number of active connections per 100 inhabitants) increased to 82.9 per cent, the Nigerian Communications Commission (NCC) said in its latest data release. The figures, contained in the NCC’s January 2026 Subscriber/Network Data report, show growth in...

Right‑of‑Way Bottlenecks Stall 624MW Abuja Power Scheme, TCN Says

February 4, 2026

The Transmission Company of Nigeria (TCN) has said right‑of‑way (RoW) bottlenecks are delaying progress on the 624-megawatt (MW) Abuja power transmission scheme, affecting the project’s implementation timeline, TCN officials confirmed. TCN said the project, designed to enhance network reliability and power evacuation capacity in Abuja and adjoining areas, has been impacted by challenges securing RoW...

UBA Group Appoints Loknath Mishra as Chief Executive Officer of UBA UK

February 4, 2026

United Bank for Africa (UBA) Group has appointed Loknath Mishra as the Chief Executive Officer of UBA UK, the bank said in a statement confirming the leadership change effective February 2, 2026. The appointment reflects the group’s ongoing focus on enhancing its international operations and financial services capabilities in the United Kingdom. In the announcement,...

Businesses Feel the Heat as Taxes and Fuel Costs Stall January Growth – NESG

February 4, 2026

Business growth in Nigeria slowed in January 2026, according to the latest Business Confidence Monitor (BCM) report by the Nigerian Economic Summit Group (NESG), which identified rising taxes and fuel price adjustments as key factors affecting commercial activity during the month. The BCM report, produced jointly by NESG and Stanbic IBTC, showed that overall business...

Businesses Buckle Under Debt as Defaults Push Bad Loans to ₦21.2tn

February 2, 2026

Nigerian banks are recording a significant increase in non-performing loans (NPLs) as defaults by businesses intensify, driving the total bad loans portfolio of the top eleven banks to ₦21.2 trillion by the end of the third quarter of 2025, financial data show. The surge reflects mounting financial stress among corporate borrowers amid tightening economic conditions....

FG Sets Target to Raise Manufacturing Share of GDP to 20–25% by 2030

February 2, 2026

The Federal Government has set an ambitious goal to increase the manufacturing sector’s contribution to Nigeria’s Gross Domestic Product (GDP) to between 20 per cent and 25 per cent by 2030, authorities said, as part of the imminent Nigerian Industrial Policy aimed at revitalising industrial growth. The announcement was made in Abuja on February 2,...

Dangote and NNPC Seal Strategic Gas Agreements to Support Expansion Projects

February 2, 2026

Dangote Industries Limited and the Nigerian National Petroleum Company Limited (NNPC Ltd) have finalised strategic gas supply agreements to support energy needs for the conglomerate’s major expansion projects, the parties said at a signing ceremony held alongside the launch of the NNPC Gas Master Plan (NGMP) 2026 in Abuja. Under the revised Gas Sales and...

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...

1 … 17 18 19 20 21 … 25

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...

What's hot

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 Economic Activity Expands to 55.7 Index Points in January, CBN PMI Report Shows

Nigeria’s Telecom Market Expands as Subscribers Hit 179.6m

Right‑of‑Way Bottlenecks Stall 624MW Abuja Power Scheme, TCN Says

UBA Group Appoints Loknath Mishra as Chief Executive Officer of UBA UK

Businesses Feel the Heat as Taxes and Fuel Costs Stall January Growth – NESG

Businesses Buckle Under Debt as Defaults Push Bad Loans to ₦21.2tn

FG Sets Target to Raise Manufacturing Share of GDP to 20–25% by 2030

Dangote and NNPC Seal Strategic Gas Agreements to Support Expansion Projects

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

NEF Criticises Gold Refinery Siting Amid Federal Government Clarifications

Must Read

Digital Identity Expansion Positions NIN as a Platform for Financial Inclusion

Lagos Creative Ecosystem Ignites Innovation at CcHUB Gathering

New Vice Chancellor Sets Reform Agenda for Alex Ekwueme Federal University

Senate Hearing on Death Penalty Reopens Debate on Justice and Public Safety

Popular Posts

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

Get in Touch

Most popular

Education

Governance

Technology

Uncategorized

Links