Business – Page 2 – Green Horizon News

Ministers Raise Alarm as N10 Trillion Capital Funding Stalls

February 18, 2026

Federal and state ministers have expressed concern over a cash crunch as the disbursement of a N10 trillion capital funding package has stalled, they said at a public forum. The comments were made during presentations at the Fiscal Sustainability Forum held in Abuja. Ministers from the Federal Government and state governments outlined challenges affecting infrastructure financing...

Nigeria Loses N1.76tn in Revenue After Missing OPEC Production Quota

February 18, 2026

Nigeria’s oil sector lost an estimated N1.76 trillion in potential crude oil revenue because the country did not meet its production quota set by the Organisation of the Petroleum Exporting Countries from January 2025 to January 2026, according to data from the Nigerian Upstream Petroleum Regulatory Commission and the Central Bank of Nigeria. The Organisation...

Manufacturers, Agric Sector Face Up to 60% Interest Rates on Bank Loans

February 18, 2026

Manufacturers and players in the agricultural sector are facing high borrowing costs of up to 60 percent interest on bank loans, industry stakeholders have said. The concerns come amid ongoing discussions about credit access in Nigeria’s real sector, where manufacturers and agric firms continue to seek financing from commercial banks to support production, expansion, and...

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...

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Nigeria Customs Denies Reports of Exchange Rate Manipulation on B’Odogwu

February 26, 2026

The Nigeria Customs Service has clarified that its Unified Customs Management System, known as B’Odogwu, does not in any way generate, substitute for, or alter foreign exchange rates used in cargo clearance valuation. The statement was made by the National Public Relations Officer of the Nigeria Customs Service, Abdullahi Maiwada, in a press release on...

Nigeria Revamps Air Cargo to Boost Non‑Oil Exports

February 26, 2026

Efforts to strengthen Nigeria’s non‑oil export capacity are taking shape through reforms in the air cargo sector that focus on infrastructure, logistics efficiency and revenue processes, industry sources say. Nigeria’s non‑oil export sector has long faced logistical challenges that limit the competitiveness of agricultural and other export goods. The Federal Airports Authority of Nigeria has...

Gov Aiyedatiwa vs Ondo NASS Members: Tension Over 2027 Return Tickets Intensifies

February 26, 2026

The reported cold war between Ondo State Governor Lucky Aiyedatiwa and the state’s National Assembly members over return tickets ahead of the 2027 general elections deepened, a party source said. The development was disclosed in Akure amid ongoing political activities in Ondo State. The disagreement centres on the prospects of sitting federal lawmakers from the...

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Nigeria Customs Denies Reports of Exchange Rate Manipulation on B’Odogwu

Nigeria Revamps Air Cargo to Boost Non‑Oil Exports

Gov Aiyedatiwa vs Ondo NASS Members: Tension Over 2027 Return Tickets Intensifies

Makinde, Kwankwaso Hold Closed-Door Meeting in Ibadan

Latest News

Ministers Raise Alarm as N10 Trillion Capital Funding Stalls

Nigeria Loses N1.76tn in Revenue After Missing OPEC Production Quota

Manufacturers, Agric Sector Face Up to 60% Interest Rates on Bank Loans

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

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Nigeria Customs Denies Reports of Exchange Rate Manipulation on B’Odogwu

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Gov Aiyedatiwa vs Ondo NASS Members: Tension Over 2027 Return Tickets Intensifies

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