The Lagos
The Centre for the Promotion of Private Enterprise, CPPE, has explained why the Nigerian National Petroleum Company Limited’s (NNPCL) temporary petrol price discount does not amount to a return to the fuel subsidy regime abolished by the Federal Government. CPPE said the initiati...
By Faith Odukomaiya Shell Petroleum B.V. has signed an agreement to sell its full interest in Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian energy company, as the oil major refocuses its investments on strategic businesses. Shell’s Country Chair in Nigeria, Elohor ...
CashAfrica, a Nigerian contactless payment infrastructure provider, has partnered with Food Concepts, the quick-service restaurant company that owns Chicken Republic, PieXpress, and The Chop Box, to bring mobile tap-to-pay to Chicken Republic outlets across Nigeria. The partnersh...
The Ogun State House of Assembly has ordered an immediate halt to the issuance of illegal tickets at quarries across the state over allegations of extortion and criminal intimidation of truck drivers. The House directed that drivers in the haulage business, including those convey...
Shell Petroleum B.V. has announced the sale of its full interest in Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian company. In a statement on Tuesday, the company said the deal covers its domestic gas distribution business in Nigeria. “Shell Nigeria Gas has served i...
The House Committee on Host Communities recommended extending PINL’s pipeline surveillance contract after dismissing a petition alleging financial mismanagement and other improprieties against the company and its managing director. The post Reps panel backs Tinubu, NNPC, PINL ove...
Amaanah Non-Interest Finance Company, the first CBN-licensed Non-Interest Finance Company in Nigeria, officially launched today the 1st of October 2026 in Lagos, unveiling a range of financial solutions designed to expand access to ethical finance and create practical pathways fo...
By Ikechukwu Nnochiri A special panel of the Court of Appeal in Abuja on Tuesday returned the case files of appeals seeking to set aside a judgment that ordered the Socio-Economic Rights and Accountability Project (SERAP) to pay N100 million in damages for defaming two Department...
The Court of Appeal in Abuja has barred United Nations Special Rapporteurs and Columbia University from participating in the case involving the Socio-Economic Rights and Accountability Project (SERAP) and the Department of State Services (DSS). The appellate court also reserved j...
PanAfrican Capital Holdings Limited (“PAC Holdings”), in partnership with the Embassy of Brazil in Nigeria and the Brazil Africa Institute, hosted a Corporate Cocktail Reception in Abuja to strengthen business, investment and institutional connections between Brazil and Africa. H...
The Federal Government has faulted international credit rating agencies for assessments that raise borrowing costs by not reflecting Nigeria’s economic ref Read More: https://punchng.com/fg-faults-international-credit-ratings-over-borrowing-costs/...
Ms Suleiman is a PREMIUM TIMES reporter on the newspaper’s Business Desk. She covers multiple beats and produces accountability and investigative reports. The post PREMIUM TIMES’ reporter selected for UK emerging technology fellowship appeared first on Premium Times Nigeria ....
The Lagos State Consumer Protection Agency (LASCOPA) has warned that it will sanction businesses that fail to attend consumer complaint mediation sessions. The post Lagos Consumer Agency to sanction businesses ignoring complaints appeared first on Nairametrics ....
Union Bank of Nigeria has nurtured and retained generational customers, some of whom have maintained a banking relationship with the foremost Nigerian financial institution for two or more generations A survey has revealed hundreds of families and businesses that have maintained ...
In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with the International Monetary Fund (IMF) and the World Bank warning that Artificial Intelligence (AI) could worsen the jobs crisis in Nigeria and other developing economies unless governments and...
Indonesia has promised special privileges and incentives, including tax benefits, to Nigerian investors looking to set up businesses in the country. Read More: https://punchng.com/indonesia-promises-nigerian-investors-special-incentives/...
The presidential candidate of the Nigeria Democratic Congress, NDC, Mr Peter Obi, has criticised President Bola Tinubu’s administration over its handling of the economy, insisting that improvements in some macroeconomic indicators have not translated into better living conditions...
The IMF has warned that rising prices of essential goods could worsen poverty and food insecurity in Nigeria despite improvements in macroeconomic stabilit Read More: https://punchng.com/imf-warns-poverty-risks-persist-despite-nigerias-economic-stability/...
The International Monetary Fund, IMF, says food prices will push more Nigerians into poverty regardless of 4.2% growth. The IMF made this projection in its 2026 World Economic Outlook titled “Resilience Under Strain, Urgent Choices,” presented on the sidelines of the IMF/World Ba...
“The global economy is again proving resilient, but unevenly so and with rapidly narrowing margins of adjustment in the near term,” the report added. The post IMF forecasts 3.1% global growth in 2026, says economic resilience under strain appeared first on Premium Times Nigeria ....
*Warns of tougher times as global growth slows to 3.1% *Says AI boom, energy shocks threaten global economic outlook By Babajide Komolafe, Economy Editor The International Monetary Fund (IMF) has upgraded its forecast for Nigeria’s economic growth for 2026 to 4.2 per cent but war...
The chest freezer in a frozen foods shop at Sabon Gari market in Kano stopped running at night in March. Alima, its owner, did not experience this as an economic event. The post The Iran war: oil windfall and the people’s burden appeared first on Nairametrics ....
*Says Nigerians still suffer high cost of living despite economic growth *Urges FG to cut debt without worsening hardship By Babajide Komolafe, Economy Editor, Bangkok, Thailand The International Monetary Fund (IMF) has advocated targeted cash transfers and temporary income suppo...
“Nigeria is supported by improved macroeconomic stability and favourable terms-of-trade effects, though higher prices for essentials are expected to further aggravate poverty and food insecurity,” the IMF said in its report Tuesday. The post JUST IN: IMF increases Nigeria’s growt...
The Nigerian Naira continues to reflect mixed movements across the foreign exchange market as businesses and individuals monitor currency values on Tuesday, October 13, 2026. At the official Nigerian Foreign Exchange Market (NFEM), the Naira has maintained a relatively stable tra...
By Chidinma Chukwu, Abuja The Federal Government has projected economic growth of more than four per cent in 2026, with external reserves exceeding $54 billion and inflation declining to about 15 per cent, citing the figures as evidence of progress under President Bola Tinubu’s e...
The President of the Ijaw Youth Council, IYC, Worldwide, Doubra Okotete, alongside monarchs from the Niger Delta region, has urged the Federal Government and the Nigerian National Petroleum Company Limited, NNPCL, to replace oil and gas pipelines that have been in operation for m...
The International Monetary Fund (IMF) has called for cash transfers and targeted, temporary income support for the most vulnerable households in Nigeria. The call was made as the Fund released its October 2026 World Economic Outlook (WEO) at the ongoing Annual Meetings of the IMF...
"The IPO is going very well. We will extend the closing date because we want more of our African brothers and sisters to participate,” the company said in a statement. The post Dangote Petroleum Refinery extends IPO amid strong investor demand appeared first on Premium Times Nige...
Following renewed xenophobic attacks in South Africa, over 1,000 Nigerians have returned home, abandoning businesses and investments to escape violence. Read More: https://punchng.com/south-africa-attacks-nigerians-return-home-to-rebuild-shattered-lives/...
By Luminous Jannamike Social media influencer Blessing Nkiruka, popularly known as Blessing CEO, allegedly deceived a businessman into paying N69.15 million for a five-year lease of a Lekki property she did not own, a prosecution witness has told a Lagos court. Dr Onuoha Okeigwe ...
The award recognised the company’s contribution to the growth of digital payments and financial inclusion in Nigeria. The post PalmPay named Digital Payments Platform of the Year at Business Day BAFI Awards 2026 appeared first on Premium Times Nigeria ....
The Lagos State Consumer Protection Agency, LASCOPA, has warned manufacturers, retailers and service providers across the state that their premises could be sealed for deliberately failing to attend scheduled mediation sessions over legitimate consumer complaints. The agency said...
By Adegboyega Adeleye South Africa’s Nedbank has emerged as Africa’s highest-ranked company on Forbes’ World’s Best Employers 2026 list, placing 26th globally, while Nigeria’s Guaranty Trust Bank (GTBank) is the only Nigerian firm among the continent’s 10 highest-ranked entries. ...
The repatriation comes as PREMIUM TIMES investigations expose how traffickers exploit conflict, displacement and economic hardship to recruit Nigerians, including children from vulnerable communities in Benue State. The post NAPTIP receives 105 Nigerians rescued from syndicates i...
Mr Ribadu said Nigeria’s hydrocarbon assets remained central to the country’s economic stability and national development. The post NSA unveils SOP to strengthen security of Nigeria’s oil, gas infrastructure appeared first on Premium Times Nigeria ....
A Federal High Court in Abuja has dismissed the N10bn fundamental rights suit filed by businesswoman Aisha Achimugu against the EFCC over a property search Read More: https://punchng.com/court-dismisses-aisha-achimugus-n10bn-suit-against-efcc/...
The EFCC has arraigned the Aluminium Smelter Company of Nigeria, ALSCON Plc, before a Federal High Court in Abuja over alleged N582.43m money laundering. Read More: https://punchng.com/efcc-arraigns-firm-over-money-laundering/...
The Minister of Information and National Orientation, Mohammed Idris, has defended the Federal Government’s economic reforms and measures to cushion the impact of rising petrol prices, assuring Nigerians that President Bola Tinubu’s administration remains committed to improving l...
An official said the company was engaging customers to explain the differences in tariffs across the various electricity supply bands. The post Electricity firm explains why some customers are now paying higher bills appeared first on Premium Times Nigeria ....
The Lagos State governorship candidate of the Nigeria Democratic Congress, NDC, Funso Doherty, has attributed the continued prevalence of agberoism in the state to the political interests of those in power, saying meaningful change would require political will, effective governan...
Despite TotalEnergies’ declaration that it ended routine gas flaring in Nigeria, persistent flare activity recorded by satellite data and witnessed around its OML 58 and OML 130 assets exposes a troubling gap between the company’s zero-flaring claim and independently verifiable e...
Former Anambra State Governor and the presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has said that the World Bank’s assessment of Nigeria’s improving macroeconomic performance does not reflect the economic realities facing millions of Nigerians, parti...
Former Anambra State Governor Peter Obi has criticised President Bola Tinubu’s administration over N7.7 trillion in debt interest payments in the first half of 2026, arguing that improvements in economic indicators have not translated into better living conditions for Nigerians. ...
The presidential candidate of the Nigeria Democratic Congress, NDC, Peter Obi, has criticised President Bola Tinubu’s economic policies, claiming the Federal Government spends about 11 times more on debt interest than on capital projects. Obi made the claim in a statement posted ...
Nigeria’s economy has undergone a profound transformation over the past decade, with currency depreciation, rising inflation, fuel subsidy removal and high interest rates eroding household purchasing power even as nominal wages, government revenue and financial market valuations ...
This is Follow the Money , our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday. Between October 1 and 9, 2026, Lagos Life , the city-based simulatio...
Confidence can open investors’ wallets. But can it put more money in Nigerians’ pockets? That is the question Fitch raised by revising Nigeria’s sovereign credit outlook from Stable to Positive while retaining its B rating. The announcement offers an encouraging signal about the ...
Much of the palaver over the recent meeting of the Central Bank of Nigeria’s policy committee was exercised by how well the apex bank is doing its job. Against its primary goal of maintaining price stability, the CBN’s Monetary Policy Committee’s decision to recalibrate its monet...
Nigerian banks should be required to direct more credit to productive sectors such as agriculture, manufacturing and construction to accelerate job creation and ensure that the benefits of economic reforms reach ordinary citizens. The post Nigerian banks should be compelled to le...
For so long, conversations about investment in Nigeria have often centred on foreign capital, infrastructure projects and government interventions. Yet, beneath those headline-grabbing developments lies a vast network of businesses, suppliers and service providers whose economic ...
An Afenifere faction has demanded an immediate petrol price cut to N400/litre and a hike in the N70,000 minimum wage to ease economic hardship in Nigeria. Read More: https://punchng.com/afenifere-faction-demands-n400-petrol-minimum-wage-hike/...
