Business Archives - Page 3 of 25

SEC Launches Nationwide Campaign to Help Nigerians Recover Unclaimed Dividends

July 17, 2026

The Securities and Exchange Commission (SEC) has begun a nationwide public awareness campaign aimed at helping Nigerians recover unclaimed dividends and other outstanding funds linked to capital market transactions. The initiative was officially launched during a town hall meeting held in Lagos, where the Commission outlined plans to educate investors on how to verify and...

BoI Secures €60m EIB Facility to Boost Cocoa Value Addition, Dairy Processing

July 17, 2026

The Bank of Industry (BoI) has secured a €60 million credit facility from the European Investment Bank (EIB) to accelerate cocoa value addition and strengthen Nigeria’s dairy industry through increased local processing and manufacturing. The financing package was announced by the Managing Director and Chief Executive Officer of BoI, Dr. Olasupo Olusi, during the Africa...

Nigeria External Reserves Rise to $52bn, Net Reserves Surpass $40bn – CBN

July 17, 2026

The Central Bank of Nigeria (CBN) has announced that Nigeria external reserves have climbed to approximately $52 billion, while the country’s net external reserves have exceeded $40 billion, marking a significant improvement attributed to ongoing economic reforms. CBN Governor Mr. Olayemi Cardoso disclosed the figures during a fireside discussion with BusinessDay Chief Executive Officer, Mr....

Stanbic IBTC, Abia Government Join Forces to Accelerate MSME Growth

July 15, 2026

The bank restated this commitment during its Nigeria Business Summit Regional Tour held in Aba, where it collaborated with the Abia State Government to provide entrepreneurs with business development opportunities, funding guidance and enterprise support services. The regional summit featured a range of programmes designed to equip entrepreneurs with practical tools for growth. Participants benefited...

Nigeria, Benin Customs Deepen Border Security Partnership with Geospatial Technology

July 15, 2026

Nigeria and the Republic of Benin have strengthened efforts to improve Nigeria Benin border security through the deployment of geospatial technology aimed at enhancing surveillance, combating cross-border crimes and promoting legitimate trade between both countries. The renewed collaboration was showcased during a bilateral meeting held at the ECOWAS Conference Hall of the Seme-Krake Joint Border...

Nigeria Gas Flaring Cuts 3,100GWh Power Potential, Threatens 2030 Gas Economy

July 15, 2026

Nigeria’s drive to become a gas-powered economy by 2030 is facing renewed scrutiny after fresh data revealed that persistent Nigeria gas flaring activities deprived the country of an estimated 3,100 gigawatt-hours (GWh) of electricity generation potential in May 2026. The development comes despite years of government efforts to promote gas utilisation under the Federal Government’s...

Dangote Cement Raises Dividend to N45 Per Share After Strong 2025 Results

July 6, 2026

Dangote Cement Plc has approved a record dividend payout of N45 per share for the 2025 financial year, representing a 50 percent increase from the previous N30 per share and reinforcing its commitment to rewarding investors. The Dangote Cement dividend increase translates to a total distribution of approximately N753.8 billion, making it the largest dividend...

EBRD Targets $1.5bn Nigeria Investment to Boost Private Sector Growth

July 6, 2026

Nigeria is set to attract stronger international investment after the EBRD Nigeria investment programme outlined plans to channel at least $1.5 billion into the country over the next three years. The commitment reflects growing confidence in Nigeria’s private sector and expanding investment opportunities as the European Bank for Reconstruction and Development (EBRD) deepens its presence...

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...

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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

SEC Launches Nationwide Campaign to Help Nigerians Recover Unclaimed Dividends

BoI Secures €60m EIB Facility to Boost Cocoa Value Addition, Dairy Processing

Nigeria External Reserves Rise to $52bn, Net Reserves Surpass $40bn – CBN

Stanbic IBTC, Abia Government Join Forces to Accelerate MSME Growth

Nigeria, Benin Customs Deepen Border Security Partnership with Geospatial Technology

Nigeria Gas Flaring Cuts 3,100GWh Power Potential, Threatens 2030 Gas Economy

Dangote Cement Raises Dividend to N45 Per Share After Strong 2025 Results

EBRD Targets $1.5bn Nigeria Investment to Boost Private Sector Growth

Nigeria Unveils Critical Minerals Roadmap to Drive Green Industrialisation

Manufacturers Push Local Sourcing to Reduce Import Dependence

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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

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