Business Archives - Page 21 of 25

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...

Canadian Dollar to Naira Exchange Rate Today, January 23, 2026

January 23, 2026

The Canadian Dollar (CAD) maintained relative stability against the Nigerian Naira (NGN) in early trading on Friday, January 23, 2026, as currency markets in Nigeria continued to reflect a broader pattern of consolidation in foreign exchange conditions. Both official and parallel market rates showed limited volatility, supporting optimism among forex traders and remittance recipients. In...

EnterpriseNGR Projects Stronger Growth and Stability for Nigeria in 2026

January 23, 2026

Nigeria’s economy is set to experience greater stability in 2026, supported by continued reforms, improved policy coordination, and sectoral diversification, according to the 2026 Macroeconomic Outlook Report presented by EnterpriseNGR in Lagos on Thursday, January 22, 2026. The report, developed in collaboration with EY-Parthenon, highlights Nigeria’s transition from an adjustment phase to a more stable...

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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...

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

September 9, 2026

The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into an oil revenue debt of N432.07 billion owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies. The investigation followed findings contained in the Auditor-General’s annual audit reports, which identified...

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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

INEC schedules five by-elections across four states for Sept 19

Latest News

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

Canadian Dollar to Naira Exchange Rate Today, January 23, 2026

EnterpriseNGR Projects Stronger Growth and Stability for Nigeria in 2026

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Popular Posts

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

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