Business Archives - Page 8 of 20

Livestock Imports Rise 14.5% to N1.71trn Amid Dairy Supply Gap

March 16, 2026

Imports of livestock and related products into Nigeria rose to N1.71 trillion in 2025, representing a 14.5 percent increase from N1.49 trillion recorded in 2024, according to findings based on data from the National Bureau of Statistics. The increase comes as Nigeria continues efforts to diversify its economy while the livestock sector remains a significant...

FG, States and LGs Share N1.89tn February Revenue, FAAC Says

March 14, 2026

The Federation Account Allocation Committee says it shared a total of N1.894 trillion from February revenue among the Federal Government, the 36 states of the federation and the 774 local government councils. The revenue distribution followed a meeting of the FAAC held in Abuja in March 2026. The committee is responsible for allocating Nigeria’s Federation...

Nigerians Most Exploited by Telecom, Energy and Fintech Firms — FCCPC

March 13, 2026

The Federal Competition and Consumer Protection Commission says telecommunications, energy and financial technology firms generate the highest number of consumer complaints from Nigerians, and it has recovered over N20bn for affected consumers, the agency’s executive vice chairman disclosed. Tunji Bello, Executive Vice Chairman of the FCCPC, made the disclosure on Thursday while briefing State House...

30 Banks Meet CBN Recapitalisation Target With 19 Days Left

March 12, 2026

Thirty banks operating in Nigeria have met the recapitalisation requirements set by the Central Bank of Nigeria, with 19 days remaining before the March 31, 2026 deadline. The recapitalisation programme was announced in November 2023 and later formalised through directives issued by the Central Bank on March 28, 2024. The policy requires banks to increase...

BOI and Plateau State Sign N4bn Deal to Support Small Businesses

March 11, 2026

The Bank of Industry (BOI) and the Plateau State Government have signed a Memorandum of Understanding to establish a N4 billion matching fund to support Micro, Small and Medium Enterprises in Plateau State. The agreement was signed on Tuesday evening at the Government House in Jos. The fund will be co-financed equally by BOI and...

Obasanjo, Sanwo-Olu, Others Seek Stronger African Trade Ties

March 9, 2026

Former Nigerian President Olusegun Obasanjo, Babajide Sanwo-Olu, and other African leaders and business figures have called for stronger trade relations across the continent as Lagos prepares to host the 2027 Intra-African Trade Fair (IATF). The call was made during the signing of the hosting agreement for the 2027 edition of the trade fair in Lagos....

Vitafoam Nigeria Plc Shareholders Approve N3.75bn Dividend, Bonus Share Issue

March 6, 2026

Shareholders of Vitafoam Nigeria Plc have approved a dividend payout of N3.75 billion and endorsed the issuance of bonus shares as the company reported improved financial performance for the 2025 financial year. The approvals were granted during the company’s 64th Annual General Meeting held in Lagos. At the meeting, shareholders authorised the capitalisation of N125.08...

12 States Have Enacted Tax Harmonisation Law – Oyedele

March 6, 2026

At least 12 states in Nigeria have enacted tax harmonisation laws aimed at simplifying the tax system, eliminating nuisance taxes, and protecting taxpayers’ rights, Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has confirmed. Oyedele made the disclosure during a briefing in Abuja, highlighting the progress of the federal government’s...

Vivo Launches Smartphone with Battery Durability in Nigeria

March 6, 2026

Global smartphone manufacturer Vivo has launched a new device in the Nigerian market aimed at users who need long-lasting battery performance and reliable everyday functionality. The company announced the introduction of the Vivo Y31d as part of its efforts to provide devices that support extended mobile usage. The smartphone is designed for consumers who rely...

Cooking Gas Price Surges 40% to N1,400 per kg Amid Middle East Crisis

March 5, 2026

The price of cooking gas in Nigeria has risen sharply, with the ex‑depot rate increasing to N18 million per 20 metric tonnes and retail prices reaching about N1,400 per kilogramme, industry sources said, as tensions in the Middle East affect global energy markets. The rise in cooking gas prices follows ongoing crises in the Middle East that have...

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ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

June 3, 2026

An ISWAP commander killed during ongoing military operations in Nigeria’s North-East was among at least 50 terrorists neutralised by troops of Operation Hadin Kai, according to military authorities. The operation, which targeted Islamic State West Africa Province (ISWAP) fighters and other insurgents, was carried out as part of intensified efforts to dismantle terrorist networks operating...

Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

June 2, 2026

Teachers in Enugu State on Tuesday joined a nationwide solidarity rally organised by the Nigeria Union of Teachers (NUT), marching to the Government House in Enugu to demand the immediate release of abducted Oyo pupils and their teachers. The demonstration followed a directive from the national leadership of the union after the abduction of dozens...

Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

June 2, 2026

The Oyo lawmakers defection trend gained momentum on Tuesday as six members of the House of Representatives from Oyo State formally left the Peoples Democratic Party (PDP) for the Allied Peoples Movement (APM). The lawmakers announced their departure during plenary at the House of Representatives, citing the prolonged internal crisis and leadership disputes within the...

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ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

Tinubu Re-Election Project Is My Number One Priority, Oborevwori Declares

Latest News

Livestock Imports Rise 14.5% to N1.71trn Amid Dairy Supply Gap

Nigerians Most Exploited by Telecom, Energy and Fintech Firms — FCCPC

30 Banks Meet CBN Recapitalisation Target With 19 Days Left

BOI and Plateau State Sign N4bn Deal to Support Small Businesses

Obasanjo, Sanwo-Olu, Others Seek Stronger African Trade Ties

Vitafoam Nigeria Plc Shareholders Approve N3.75bn Dividend, Bonus Share Issue

12 States Have Enacted Tax Harmonisation Law – Oyedele

Vivo Launches Smartphone with Battery Durability in Nigeria

Cooking Gas Price Surges 40% to N1,400 per kg Amid Middle East Crisis

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ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

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