Business – Page 3 – Green Horizon News

Licensed BDCs Can Now Access $150,000 Weekly from CBN

February 11, 2026

The Central Bank of Nigeria has approved that licensed Bureau De Change operators can purchase up to $150,000 in foreign exchange weekly from authorised dealer banks, according to a circular signed by the apex bank’s Trade and Exchange Department. The circular, dated February 10, 2026, was signed by Dr. Musa Nakorji, Director of the Trade...

Tax Revenue in Nigeria Rises 30% to N28.3tn in 2025

February 11, 2026

The Nigerian Revenue Service reported that total tax revenue for 2025 reached N28.3 trillion, 30 percent higher than the N21.7 trillion recorded in 2024, according to official figures. The performance figures were presented in Abuja by Hajiya Amina Kurawa, Executive Director of Government and Large Tax at the NRS, during the agency’s 2025 Leadership Retreat....

NCDMB Issues NCEC Guidance Notes, Rules Out Transfer of Certificate

February 10, 2026

The Nigerian Content Development and Monitoring Board has issued the NCEC Application Guidance Notes, with effect from December 2025, and stated that Nigerian Content Equipment Certificates are not transferable. The guidance notes were published by the board as part of efforts to implement Presidential Directives on Local Content Requirements and to standardise participation in the...

NDPHC and KAEDCO Deepen Partnership to Boost Power Supply in Kaduna

February 10, 2026

Niger Delta Power Holding Company and the Kaduna Electricity Distribution Company have agreed to deepen their partnership to improve power generation and distribution in Kaduna State. The collaboration agreement was reached during a courtesy visit by the leadership of KAEDCO to the headquarters of NDPHC in Abuja. The discussions focused on ways to strengthen electricity...

Nigeria’s Factory Jobs Grow Despite Weak Output Per Worker

February 9, 2026

Data from international agencies show that employment in Nigeria’s manufacturing sector has increased over the past two decades, but productivity measured by value added per worker has declined, according to a Vanguard report. The report published on February 9, 2026, draws on data from the United Nations Industrial Development Organization, the World Bank, and the...

Manufacturers Record N1.8trn Unsold Goods as Demand Slumps

February 9, 2026

Leading manufacturing companies in Nigeria recorded combined inventory levels of about N1.8 trillion in the first nine months of 2025, reflecting increased stock of finished goods and raw materials, Vanguard reported. Data compiled by Financial Vanguard show that inventories among major manufacturers rose by about N200 billion in 9M’25, compared with the same period in...

Sanwo‑Olu Pledges Infrastructure‑Led Growth for Lagos

February 8, 2026

Lagos State Governor Babajide Sanwo‑Olu has reaffirmed his administration’s focus on deepening infrastructure delivery, strengthening institutions, expanding climate‑adaptive investments, and guiding urban growth through planned infrastructure, the governor said at a construction and real estate outlook event. The governor spoke at the 2026 Nigeria Construction and Real Estate Outlook organised by the Royal Institution of...

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Manufacturers Reduce Bank Loans by N1.44tn Amid High Interest Rates

February 8, 2026

Nigerian manufacturers significantly reduced their outstanding bank loans by N1.44tn in the first nine months of 2025, according to data from the Central Bank of Nigeria’s quarterly statistical bulletin. The decline in credit to the manufacturing sector reflects changes in borrowing patterns amid tight monetary conditions and elevated interest rates, as reported by the CBN....

CBN Warns Over Nigeria Fintech Sector’s Heavy Reliance on Foreign Investment

February 8, 2026

The Central Bank of Nigeria has said Nigeria’s financial technology sector remains heavily dependent on foreign investment, according to its 2025 Fintech Policy Insight Report. The apex bank’s comments were published on February 8, 2026, alongside the release of its fintech policy report. The report noted that reliance on external capital exposes Nigeria’s fintech ecosystem...

Dangote Executive Honoured for Role in Advancing Nigeria’s Refining Capacity

February 8, 2026

The Vice President (Oil & Gas) of Dangote Industries Limited, Devakumar Edwin, has been honoured with the Person of the Year award for his contributions to Nigeria’s oil and gas sector and for advancing the Dangote Petroleum Refinery and Petrochemicals. The award was presented at the 9th Annual Award and Lecture of Daily Asset Newspapers in...

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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

Licensed BDCs Can Now Access $150,000 Weekly from CBN

Tax Revenue in Nigeria Rises 30% to N28.3tn in 2025

NCDMB Issues NCEC Guidance Notes, Rules Out Transfer of Certificate

NDPHC and KAEDCO Deepen Partnership to Boost Power Supply in Kaduna

Nigeria’s Factory Jobs Grow Despite Weak Output Per Worker

Manufacturers Record N1.8trn Unsold Goods as Demand Slumps

Sanwo‑Olu Pledges Infrastructure‑Led Growth for Lagos

Manufacturers Reduce Bank Loans by N1.44tn Amid High Interest Rates

CBN Warns Over Nigeria Fintech Sector’s Heavy Reliance on Foreign Investment

Dangote Executive Honoured for Role in Advancing Nigeria’s Refining Capacity

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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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