Business Archives - Page 19 of 23

Economic Reforms Strengthen Political Stability and Inter‑Government Synergy, Says Bagudu

January 29, 2026

Senator Abubakar Atiku Bagudu, Minister of Budget and Economic Planning, has said that the economic reforms of the Federal Government are contributing to improved political stability and stronger inter‑governmental cooperation across Nigeria’s three tiers of government. The minister spoke in Abuja on January 28, 2026, during a meeting with officials of the Agence Française de...

Nigeria and Türkiye to Deepen Trade, Energy and Defence Ties During State Visit

January 28, 2026

Nigeria and the Republic of Türkiye have agreed to fast-track cooperation on trade, energy and defence, with both countries targeting a $5 billion bilateral trade volume and signing multiple agreements to strengthen strategic ties, President Bola Ahmed Tinubu said during an official visit to Ankara. The leaders discussed deepening partnerships to boost jobs, investment and...

Nigeria Moves to End Fertiliser Importation as Domestic Production Expands

January 27, 2026

The Federal Government of Nigeria, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has indicated that fertiliser importation will cease as domestic production capacity expands significantly, positioning Nigeria as a potential export hub for value‑added petroleum products. The authority’s Chief Executive, Saidu Mohammed, made the announcement during a tour of the Indorama Eleme...

Unilever Nigeria Posts 44% Revenue Growth and Doubles Profit to ₦31bn in 2025

January 27, 2026

Unilever Nigeria Plc has reported a significant improvement in its financial performance for the year ended December 31, 2025, posting a 44 per cent increase in revenue and doubling its profit after tax to ₦31 billion, the company said in its interim unaudited results. The company’s turnover rose to ₦215 billion in 2025 from ₦150...

FG Begins Fresh Mapping of Disputed Oil Fields Over 13% Derivation

January 27, 2026

The Federal Government of Nigeria, acting through the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has commenced a five-day exercise to plot the coordinates of newly drilled and disputed oil and gas fields on the boundaries of several oil producing states as part of efforts to clarify entitlement to the 13 per cent derivation fund....

CBN Upgrades Licences of Opay, Moniepoint and Other FinTechs to National Status

January 27, 2026

The Central Bank of Nigeria (CBN) has officially upgraded the operating licences of several major financial technology (FinTech) companies and microfinance banks (MFBs), including Opay and Moniepoint Microfinance Bank, to national status, allowing them to operate legally across all 36 states and the Federal Capital Territory. The announcement was made at the annual Committee of...

Anambra Weekly Loses N8bn as Sit‑At‑Home Disrupts Economy, Government Says

January 26, 2026

The Anambra State Government has stated that the state loses approximately N8 billion weekly because of persistent Monday sit‑at‑home orders, with the wider South‑East region losing about N19.6 billion in the same period, the Commissioner for Information, Law Mefor, said in a press statement. Mefor announced the figures on January 26, 2026, as part of...

NULGE Directs Members to Join FCTA Workers’ Strike Over Welfare Concerns

January 26, 2026

The Nigeria Union of Local Government Employees (NULGE), Federal Capital Territory (FCT) chapter, has instructed its members to withdraw services from January 27, 2026, in solidarity with the ongoing industrial action by workers of the Federal Capital Territory Administration (FCTA). The directive aligns local government employees with the broader labour protest over welfare issues. The...

Uba Sani to Build Nigeria’s Largest Inter-State Bus Terminal in Kaduna

January 25, 2026

Governor Uba Sani of Kaduna State has announced plans to construct what is being positioned as Nigeria’s largest inter-state bus terminal, a development he says will transform mobility, decongest urban traffic and create jobs, the governor said during a groundbreaking ceremony on Sunday, January 25, 2026. The terminal, to be built on 20 hectares of...

Fintech Launches Smart Payroll Tool as Nigeria Rolls Out New Tax Laws

January 25, 2026

A Nigerian financial technology (fintech) company has launched a payroll automation and tax compliance platform designed to help businesses adapt to the country’s new tax regime, the firm said as implementation of revised tax laws approaches at the end of January 2026. Paypaxe, the fintech behind the innovation, introduced the solution at a launch event...

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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

Economic Reforms Strengthen Political Stability and Inter‑Government Synergy, Says Bagudu

Nigeria and Türkiye to Deepen Trade, Energy and Defence Ties During State Visit

Nigeria Moves to End Fertiliser Importation as Domestic Production Expands

Unilever Nigeria Posts 44% Revenue Growth and Doubles Profit to ₦31bn in 2025

FG Begins Fresh Mapping of Disputed Oil Fields Over 13% Derivation

CBN Upgrades Licences of Opay, Moniepoint and Other FinTechs to National Status

Anambra Weekly Loses N8bn as Sit‑At‑Home Disrupts Economy, Government Says

NULGE Directs Members to Join FCTA Workers’ Strike Over Welfare Concerns

Uba Sani to Build Nigeria’s Largest Inter-State Bus Terminal in Kaduna

Fintech Launches Smart Payroll Tool as Nigeria Rolls Out New Tax Laws

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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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