Business Archives - Page 20 of 25

Over N200bn Lost as Onitsha Market Reopens After Deal Between Traders and Soludo

February 1, 2026

Onitsha Main Market has reopened after the Anambra State Government and market leadership reached an agreement to end the temporary closure imposed last week, following significant economic losses estimated at more than N200 billion over six days, authorities and traders said. The development marks a pause in one of the region’s most disruptive commercial shutdowns...

First HoldCo Reports N3.4tn Gross Earnings in 2025 Amid High Impairment Charges

February 1, 2026

First HoldCo Plc announced its unaudited financial results for the year ended December 31, 2025, reporting a 4.8 per cent year‑on‑year increase in gross earnings to N3.4 trillion, supported by growth in interest income and net fees, the company said in a statement issued on January 30, 2026. According to the financial statement, net interest...

FAAC States’ Rejection of N1.9tn Delays January Federal Revenue Distribution

January 31, 2026

The Federal Account Allocation Committee (FAAC) meeting to distribute January 2026 federally collected revenue was stalled after state government representatives rejected an N1.9 trillion distributable figure, officials said. The disagreement emerged during FAAC deliberations in Abuja on January 30, 2026, hindering the revenue allocation process for the month. The rejection stemmed from concerns among state...

Nigeria’s Telecoms Sector Attracted Over $1bn in 2025, NCC Says

January 30, 2026

Nigeria’s telecommunications industry attracted over $1 billion in capital investment in 2025, the Nigerian Communications Commission (NCC) has disclosed, with funding directed at expanding network infrastructure and improving service quality across urban and rural areas. The investment contributed to the rollout of thousands of new network sites and signalled sustained investor confidence in the country’s...

Dangote Cement Launches Safety FairPlay Initiative to Transform Workplace Culture

January 30, 2026

Dangote Cement Plc has launched a Safety FairPlay Initiative at its Ibese Plant in Ogun State as part of efforts to transform workplace safety culture and drive behavioural change among employees, the company said. The pilot programme is designed to be rolled out across all Dangote Cement operations nationwide as part of a broader commitment...

Linkage Assurance Reports 24% Revenue Growth to ₦27.6bn in 2025

January 30, 2026

Linkage Assurance Plc recorded a 24 per cent rise in insurance revenue to ₦27.6 billion for the 2025 financial year from ₦22.2 billion in 2024, the company said in its unaudited results filed with the Nigerian Exchange (NGX) and made available to investors and shareholders. The underwriting firm’s insurance service result, a key measure of...

FG’s N9.19tn Domestic Loan Surge Drains Lifeline from Businesses

January 30, 2026

Nigeria’s Federal Government domestic borrowings surged by N9.19 trillion in 2025, significantly reducing the pool of credit available to the private sector and tightening financing conditions for businesses, according to Central Bank of Nigeria (CBN) money and credit statistics. The rising demand for local funds by the government occurred amid high interest rates and limited...

Petrol Prices Likely to Rise Again as Crude Oil Costs Surge, Analysts Warn

January 30, 2026

Nigerians may face further increases in petrol prices following a sustained rise in global crude oil prices, industry analysts and market stakeholders have said. The development comes days after recent upward adjustments in pump prices across the country, heightening concerns about living costs and business expenses. Data from international commodity markets show Bonny Light crude...

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...

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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...

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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

Over N200bn Lost as Onitsha Market Reopens After Deal Between Traders and Soludo

First HoldCo Reports N3.4tn Gross Earnings in 2025 Amid High Impairment Charges

FAAC States’ Rejection of N1.9tn Delays January Federal Revenue Distribution

Nigeria’s Telecoms Sector Attracted Over $1bn in 2025, NCC Says

Dangote Cement Launches Safety FairPlay Initiative to Transform Workplace Culture

Linkage Assurance Reports 24% Revenue Growth to ₦27.6bn in 2025

FG’s N9.19tn Domestic Loan Surge Drains Lifeline from Businesses

Petrol Prices Likely to Rise Again as Crude Oil Costs Surge, Analysts Warn

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

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

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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

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