Business – Page 6 – Green Horizon News

Dangote and NNPC Seal Strategic Gas Agreements to Support Expansion Projects

February 2, 2026

Dangote Industries Limited and the Nigerian National Petroleum Company Limited (NNPC Ltd) have finalised strategic gas supply agreements to support energy needs for the conglomerate’s major expansion projects, the parties said at a signing ceremony held alongside the launch of the NNPC Gas Master Plan (NGMP) 2026 in Abuja. Under the revised Gas Sales and...

Coca-Cola Pledges Additional $1bn Investment to Deepen Nigerian Operations

February 2, 2026

The Coca-Cola Company has announced plans to invest an additional $1 billion in its Nigerian operations, reinforcing its long-term commitment to the country’s economy, the United States Embassy in Nigeria said in a social media post on February 2, 2026. The investment is expected to deepen industrial footprint and support local workforce and infrastructure development....

NEF Criticises Gold Refinery Siting Amid Federal Government Clarifications

February 2, 2026

The Northern Elders Forum (NEF) has criticised the decision to locate a gold refinery in Lagos State, describing the move as a departure from equitable federal resource distribution and a source of discord, according to the forum’s statement signed by Professor Abubakar Jika Jiddere. NEF’s reaction comes amid clarifications from the Federal Ministry of Solid...

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...

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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

Dangote and NNPC Seal Strategic Gas Agreements to Support Expansion Projects

Coca-Cola Pledges Additional $1bn Investment to Deepen Nigerian Operations

NEF Criticises Gold Refinery Siting Amid Federal Government Clarifications

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

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Nigeria Customs Denies Reports of Exchange Rate Manipulation on B’Odogwu

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