Business Archives - Page 2 of 23

Nigeria Unveils Critical Minerals Roadmap to Drive Green Industrialisation

July 6, 2026

Nigeria is advancing its Nigeria green industrialisation agenda with the unveiling of a strategic roadmap aimed at transforming the country’s critical mineral resources into a catalyst for clean energy manufacturing, industrial expansion and long-term economic growth. The roadmap, developed by the Council for Critical Minerals Development in the Global South, was presented to the Minister...

Manufacturers Push Local Sourcing to Reduce Import Dependence

July 6, 2026

Nigeria’s manufacturing sector is increasingly adopting local sourcing manufacturing strategies to reduce reliance on imported raw materials as rising production costs continue to threaten competitiveness in both domestic and regional markets. Industry leaders, however, say greater investment in local inputs alone will not deliver sustainable growth unless government addresses high financing costs, inadequate infrastructure, unreliable...

Enactus Nigeria, Industry Partners Launch Engineering Initiative to Commercialise Student Innovations

July 3, 2026

Enactus Nigeria has partnered with leading public and private sector organisations to accelerate the commercialisation of locally developed engineering innovations through the Nigerian Engineering Olympiad, an initiative designed to transform students’ ideas into practical solutions for national development. The Nigerian Engineering Olympiad brings together academia and industry with the goal of bridging the gap between...

NELFUND Warns Universities Over Tuition Refund Delays, Fee Hikes

June 30, 2026

The NELFUND student loan programme has come under renewed scrutiny as the Nigerian Education Loan Fund (NELFUND) warned tertiary institutions against withholding tuition refunds and imposing unjustified fee increases on students benefiting from the Federal Government’s education financing initiative. In a public notice issued by the Director of Strategic Communications, Oseyemi Oluwatuyi, the agency said...

Customs Agents Seek Suspension of Green Tax Policy on Imported Vehicles

June 30, 2026

The Green Tax Policy has come under fresh criticism as the Association of Nigerian Licensed Customs Agents (ANLCA) called on the Federal Government to suspend its planned implementation from July 1, 2026, citing inadequate consultation with key stakeholders. The association said licensed customs agents, importers and other affected operators were not sufficiently engaged or sensitised...

Healthy Diet Cost in Nigeria Rises 3.1% to N1,589 Per Day in April

June 30, 2026

The healthy diet cost in Nigeria increased by 3.12 per cent in April 2026, with the average daily amount required to maintain a healthy diet rising to N1,589 per adult, according to the latest report from the National Bureau of Statistics (NBS). The healthy diet cost report released by the NBS showed that the figure...

Nigeria Intra-African Trade Climbs 21% to $9.02bn as AfCFTA Expands Market Access

June 29, 2026

Nigeria intra-African trade recorded a significant boost in 2025, rising by 21 per cent to $9.02 billion as the implementation of the African Continental Free Trade Area (AfCFTA) continued to strengthen regional commerce and create new export opportunities for Nigerian businesses. The latest African Trade Report 2026 released by Afreximbank showed that Nigeria’s trade with...

SMEDAN Launches N500m Zero-Interest Grow Fund for Nigerian MSMEs

June 29, 2026

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched the SMEDAN Grow Fund, a N500 million zero-interest revolving loan scheme designed to improve access to finance for Micro, Small and Medium Enterprises (MSMEs). The initiative, unveiled to mark the 2026 World MSME Day, will channel funding through business associations and cooperatives to...

FG Targets Industrial Growth, Trade and Investment Expansion in 2026

June 29, 2026

The Federal Government has unveiled its industrial growth strategy for 2026, outlining plans to accelerate manufacturing, expand trade, attract investment and strengthen non-oil exports as part of Nigeria’s economic diversification agenda. The renewed focus aims to deliver measurable economic outcomes through improved policy implementation, stronger collaboration among agencies and enhanced performance monitoring. Minister of Industry,...

Nigeria Revenue Growth Hits N118.8tn as Experts Question Public Spending

June 29, 2026

Nigeria revenue growth has accelerated significantly over the past three years, with the combined revenues of the Federal Government, states and local governments estimated at N118.8 trillion between 2023 and May 2026. Despite the sharp increase, analysts and civil society organisations have raised concerns that higher revenues have not translated into better public services, infrastructure...

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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

Nigeria Unveils Critical Minerals Roadmap to Drive Green Industrialisation

Manufacturers Push Local Sourcing to Reduce Import Dependence

Enactus Nigeria, Industry Partners Launch Engineering Initiative to Commercialise Student Innovations

NELFUND Warns Universities Over Tuition Refund Delays, Fee Hikes

Customs Agents Seek Suspension of Green Tax Policy on Imported Vehicles

Healthy Diet Cost in Nigeria Rises 3.1% to N1,589 Per Day in April

Nigeria Intra-African Trade Climbs 21% to $9.02bn as AfCFTA Expands Market Access

SMEDAN Launches N500m Zero-Interest Grow Fund for Nigerian MSMEs

FG Targets Industrial Growth, Trade and Investment Expansion in 2026

Nigeria Revenue Growth Hits N118.8tn as Experts Question Public Spending

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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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