Business Archives - Page 2 of 26

NPERA Begins Port Regulation, Targets Transparency and Efficiency

August 21, 2026

Nigeria has entered a new phase in the economic regulation of its ports with the formal commencement of operations by the Nigeria Ports Economic Regulatory Agency, NPERA. The agency was established after President Bola Ahmed Tinubu assented to the Nigeria Ports Economic Regulatory Agency Bill, 2026. The new framework is expected to make the country’s...

NAICOM Licences Seven More Insurers Under New Capital Rules

August 21, 2026

The National Insurance Commission has issued fresh operating licences to seven insurance companies that have met Nigeria’s revised minimum capital requirements. The companies were confirmed and verified as compliant under the Nigerian Insurance Industry Reform Agenda 2025, known as NIIRA 2025. NAICOM said the latest licensing exercise represents another step towards improving financial stability, professionalism...

HBM Nigeria Profit Rises 57% to N208bn in First Half

August 18, 2026

HBM Nigeria Plc, formerly known as Lafarge Africa Plc, recorded a significant improvement in earnings during the first half of 2026, with profit after tax climbing by 57 per cent to N208 billion. The cement manufacturer disclosed the performance in its financial results released on the Nigerian Exchange Limited (NGX). The company’s profit after tax...

Foreign Dominance of Coastal Waters Threatens Nigeria’s Security

August 18, 2026

The continued dominance of foreign operators in Nigeria’s territorial waters could pose a significant threat to the country’s internal security and maritime sovereignty. A former Director of Shipping Development and Cabotage, Boniface Igwe, raised the concern in his forthcoming book, Cabotage Law and Practice. Igwe argued that the increasing influence of foreign interests in Nigeria’s...

24 Companies Control 74.8% of Nigerian Stock Market Value

August 18, 2026

Nigeria’s equities market has recorded a sharp rise in value in 2026, but the gains remain heavily concentrated among a relatively small group of companies. As of August 17, 24 companies accounted for 74.8 per cent of the total market capitalisation of the Nigerian Exchange Limited (NGX). The companies, drawn mainly from the banking, consumer...

Nigeria-China Trade Hits $18bn as Aquatic Exports Gain Zero Tariff Access

August 17, 2026

Nigeria’s bilateral trade with China has climbed to $18 billion in the first half of 2026, as Nigerian aquatic products secure zero-tariff access to the Chinese market. The new arrangement is expected to expand Nigeria’s export opportunities and increase foreign exchange earnings by opening access to a market of about 1.4 billion consumers. The development...

Tax Ombud to Launch Taxpayer Bill of Rights, Obligations Soon

August 17, 2026

The Office of the Tax Ombud has announced plans to introduce a Taxpayer Bill of Rights and Obligations within the coming weeks. The initiative is designed to improve taxpayers’ understanding of their rights and responsibilities while promoting fairness in Nigeria’s tax administration. Tax Ombud and Chief Executive Officer of the Office of the Tax Ombud,...

Importers Count Demurrage Losses Over Empty Container Delays

August 12, 2026

Importers operating through the Apapa and Tin Can Island ports are facing rising demurrage and detention costs amid persistent difficulties in returning empty containers, the Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has said. The association said the delays were creating additional financial pressure for importers, freight forwarders and transport operators,...

Nigeria’s Capital Importation Surges 256.9% to $2.82bn — CBN

August 12, 2026

Nigeria recorded a sharp increase in capital importation in April 2026, with total inflows rising by 256.9 per cent year-on-year to $2.82 billion, according to the Central Bank of Nigeria, CBN. The figure represents a significant increase from the $0.79 billion recorded in April 2025, suggesting stronger investor confidence in the Nigerian economy despite a...

New Tax Law Fails to End Multiple Taxation Burden, MAN Says

August 10, 2026

The Manufacturers Association of Nigeria, MAN, says manufacturers are still struggling with multiple taxes and levies despite the introduction of the Nigeria Tax Act 2025. The association said the multiple taxation burden remained evident during the second quarter of 2026, with manufacturers continuing to encounter different tax collectors and regulatory agencies. The disclosure was contained...

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MEDIA STATEMENT: NNAJI’S DEFENCE CALLS FOR ACCURATE REPORTING OF COURT PROCEEDINGS

October 26, 2026

The media report published today under the headline “UNN, NYSC disowned ex-minister Nnaji’s certificates, witness tells court” does not give readers a complete or balanced account of what transpired before the Federal High Court. Its headline presents the prosecution’s allegations as though they were established facts, even though the trial is ongoing and no judgment...

G27 QUESTIONS MBAH’S 2023, 2027 INEC CREDENTIALS, DEFENDS NNAJI

October 13, 2026

By Chief James Ogbodo The G27 for Uche Nnaji support group has questioned Governor Peter Mbah’s decision to submit a Senior School Certificate Examination (WAEC) certificate as his highest educational qualification to the Independent National Electoral Commission (INEC) ahead of the 2027 governorship election. The group made its position known in a statement signed by...

ENUGU 2027: WHY UCHE NNAJI’S PATH TO LION BUILDING IS WIDER THAN MANY THINK

October 7, 2026

By Ureh Ogbonna As the 2027 governorship election approaches, one political reality is becoming increasingly difficult to ignore: Chief Uche Geoffrey Nnaji—Nwakaibie—has a credible path to victory in Enugu State. Elections are never won in advance. But judged by his platform, experience, message and emerging political coalition, Nnaji is far more than an ordinary opposition...

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MEDIA STATEMENT: NNAJI’S DEFENCE CALLS FOR ACCURATE REPORTING OF COURT PROCEEDINGS

G27 QUESTIONS MBAH’S 2023, 2027 INEC CREDENTIALS, DEFENDS NNAJI

ENUGU 2027: WHY UCHE NNAJI’S PATH TO LION BUILDING IS WIDER THAN MANY THINK

GTCO Posts N603bn Profit, Proposes N1 Dividend

Latest News

NPERA Begins Port Regulation, Targets Transparency and Efficiency

NAICOM Licences Seven More Insurers Under New Capital Rules

HBM Nigeria Profit Rises 57% to N208bn in First Half

Foreign Dominance of Coastal Waters Threatens Nigeria’s Security

24 Companies Control 74.8% of Nigerian Stock Market Value

Nigeria-China Trade Hits $18bn as Aquatic Exports Gain Zero Tariff Access

Tax Ombud to Launch Taxpayer Bill of Rights, Obligations Soon

Importers Count Demurrage Losses Over Empty Container Delays

Nigeria’s Capital Importation Surges 256.9% to $2.82bn — CBN

New Tax Law Fails to End Multiple Taxation Burden, MAN Says

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MEDIA STATEMENT: NNAJI’S DEFENCE CALLS FOR ACCURATE REPORTING OF COURT PROCEEDINGS

G27 QUESTIONS MBAH’S 2023, 2027 INEC CREDENTIALS, DEFENDS NNAJI

ENUGU 2027: WHY UCHE NNAJI’S PATH TO LION BUILDING IS WIDER THAN MANY THINK

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