Business – Page 7 – Green Horizon News

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...

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...

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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

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

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

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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

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