The Lagos
Fortren & Company’s ranking of the country’s top 10 developers assesses companies based on their completed portfolios, scale of delivery, market presence, sector focus, flagship projects and organisational maturity. The post Top 10 property developers in Nigeria in 2026 based on ...
By Kafayat Kokumo LAGOS—MINISTER of State for Industries, Senator John Enoh, has identified electricity and power constraints as the biggest obstacle to translating Nigeria’s economic growth into real prosperity, saying industries are spending more to generate power for their ope...
By ObasEsiedesa, Abuja The Nigerian National Petroleum Company Limited (NNPCL) has disowned a truck bearing markings associated with the company after it was intercepted by the National Drug Law Enforcement Agency (NDLEA) with 2,145 kilogrammes of cannabis concealed in a compartm...
Financial analysts and economists have explained why multinational companies continue to leave Nigeria, with global e-hailing company Uber becoming the latest firm to announce its exit from the country. DAILY POST reports that Uber announced its exit from Nigeria on Wednesday, Se...
A Nigerian company needs to pay a UK supplier. The invoice is due Friday. The bank says the transfer will “typically” clear in 2-3 business days. It’s Wednesday. For a business moving money between Nigeria and the UK, that can mean waiting until next week for funds to arrive. And...
NNPC Ltd. has disowned a fuel truck with its old logo, intercepted by NDLEA with 2,145kg of cannabis in Ondo State. The company clarifies the truck is not Read More: https://punchng.com/nnpc-disowns-fuel-truck-conveying-cannabis/...
Dun & Bradstreet introduces a Business Credibility Report to help companies verify credentials and enable lenders to assess business risks in Nigeria and b Read More: https://punchng.com/firm-launches-business-credibility-report/...
Lagos State Government maps 3,700 hectares of informal urban spaces across 1,700 locations for regulation, aiming to balance businesses with public order. Read More: https://punchng.com/lagos-maps-3700-hectares-of-informal-spaces-for-regulation/...
Rising fuel prices and transport costs are severely impacting businesses and trade in border communities between Zamfara, Nigeria, and Niger Republic. Read More: https://punchng.com/fuel-price-hits-businesses-in-zamfara-niger-border-communities/...
Alitheia Capital’s W.O.M.A.N. 2026 program connects over 300 women-led businesses in Nigeria with investors and expertise to close capital gaps. Read More: https://punchng.com/alitheia-moves-to-close-capital-gap-for-women-led-businesses/...
The Federal Government attributes Nigeria’s budget gaps to conflicting macroeconomic forecasts for oil, inflation, and exchange rates, forming a committee Read More: https://punchng.com/conflicting-oil-inflation-exchange-rate-forecasts-behind-budget-gaps-fg/...
FirstHoldCo Plc, Nigeria’s leading financial services holding company, has been included in the FTSE Frontier 50 Index, effective 21 September 2026. Interestingly, this is bigger than the FTSE Rusell Index. The inclusion of FirstHoldCo places it along with five other companies fr...
By Emma Ujah, Abuja Bureau Chief The Federal Government, on Monday, moved to eliminate conflicting economic projections by Ministries, Departments and Agencies (MDAs), setting up a high-powered inter-agency committee to harmonise the macroeconomic assumptions that underpin nation...
The Nigerian National Petroleum Company Limited, NNPCL, has clarified that the vehicle the National Drug Law Enforcement Agency, NDLEA, intercepted with 2,145kg of cannabis concealed in a compartment in Ondo State does not belong to the state-owned firm. NNPC Ltd also revealed it...
The Nigerian stocks included on the FTSE Frontier 50 Index comprise First HoldCo, Dangote Cement, MTN Nigeria, Aradel Holdings, Guaranty Trust Holding Company and Zenith Bank. The post Six Nigerian companies admitted to FTSE’s 50 most liquid frontier market stocks appeared first ...
The Federal High Court in Abuja on Monday sentenced two Bureau De Change (BDC) operators to five years’ imprisonment each, with an option of a N2 million fine, for conducting BDC business without a valid licence from the Central Bank of Nigeria (CBN). The post Court sentences BDC...
Six years ago, ProvidusUnity Bank launched a capacity-building programme for Small and Medium Enterprises (SMEs) in partnership with the Enterprise Development Centre (EDC) of Pan-Atlantic University. Six cohorts later, the programme has grown beyond Lagos to Abuja and Port Harco...
Founders Rant X 2.0 brought together founders, entrepreneurs and business leaders for a day of honest conversations, practical insights and shared experiences around what it truly takes to build, lead and sustain a business. The post Founders Rant X 2.0 brings Nigeria’s boldest b...
On September 2, 2026, after twelve years in the country, Uber switched off its app in Nigeria and went home. It called the exit “a thorough review of our business.” The truth was simpler: one of the most sophisticated technology firms on earth weighed the cost of operating in Nig...
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. Nigeria’s economy is growing faster than it has since the second qua...
In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with businesses suffering as the federal government increased its borrowing from domestic investors by 90.5 per cent, year-on-year (YoY), to N24.7 trillion in the eight months to August 2026, again...
Nigeria’s biggest insurance company, National Insurance Corporation of Nigeria, NICON, has finally lost its operational licence and taken over by a Receiver Manager. The operational licence of NICON – owned by the Federal Government and established in 1969 by Decree 2 – has been ...
STL Trustees Limited (STL) has formally unveiled its new group structure, bringing together its trusteeship, asset management, and capital & advisory businesses under one umbrella as the financial services firm moves to deepen its presence across Nigeria’s capital market. Speakin...
…reversing the removal of the subsidy would be a step in the wrong direction. It would restore the fiscal burden, revive the price differential that encouraged smuggling and arbitrage, and weaken incentives for efficient domestic refining. More fundamentally, it would address the...
All of this leads to the one question that accompanied me through every page of the report: Is Nigeria’s economy now growing faster because the reforms put in place by the incumbent federal government have removed the macroeconomic constraints on growth, or is it growing faster b...
By yinka Kolawole At the backdrop of improved optimism among manufacturers in Nigeria’s business environment, the manufacturing sector contributed N4.128 trillion to the nation’s Gross Domestic Product, GDP, in the second quarter of 2026 (Q2’26), indicating a 3.3 percent year-on-...
Atiku Abubakar criticizes President Tinubu’s economic policies, citing rising fuel, food, and transport costs, and weakened businesses. Nigerians need reli Read More: https://punchng.com/again-atiku-faults-tinubus-reforms-over-rising-cost-of-living/...
Baba Alokolaro, the new NBA-SBL chairman, pledges to modernise Nigerian business law practice, aligning it with global tech and ESG standards. Learn his pr Read More: https://punchng.com/new-nba-sbl-chairman-vows-to-modernise-business-law-practice/...
By Alliance for Economic Research and Ethics Nigerians should be honest enough to acknowledge progress when progress has been made and courageous enough to say when progress has not yet become prosperity. The Tinubu administration deserves credit for taking decisions that many Ni...
Explore the institutions and leaders driving Nigeria’s economic transformation. This report examines key sectors like power, housing, and investment. Read More: https://punchng.com/drivers-of-economic-transformation-1/...
By Sola Ogundipe At 38, Aminat Bello should be building her fashion business and raising her three sons, instead, she is battling colon cancer and struggling to raise the money needed to complete her treatment. A widow, Aminat’s ordeal began on December 15, 2025, when she develop...
The African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, has accused President Bola Tinubu of wrecking Nigerians’ purchasing power, emptying household pockets and pushing businesses to the brink through his economic policies. In a statement issued by his Seni...
Former Central Bank of Nigeria Deputy Governor, Kingsley Moghalu, has welcomed a United Nations resolution supporting the use of world maps that show Africa’s size more accurately. However, he said changing the map alone would not bring economic prosperity to the continent. Mogha...
ABUJA— Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has welcomed a United Nations resolution encouraging the use of world maps that more accurately represent Africa’s size, but cautioned that a corrected map alone cannot drive the continent’s economic ...
Stay informed with our Nigerian news recap. Top stories include a Nigerian-British businessman’s death, a Kogi chief’s alleged actions, and Victor Osimhen’ Read More: https://punchng.com/morning-recap-nigerian-british-businessman-dies-after-penis-enlargement-procedure-kogi-chief-...
The APC and Atiku Abubakar clash over Nigeria’s economic policies. Atiku criticizes Tinubu’s reforms, while APC defends them as beneficial for Nigerians. Read More: https://punchng.com/apc-atiku-trade-tackles-over-economic-policies/...
Discover how Nigerian business icons like Femi Otedola and Aigboje Aig-Imoukhuede bounced back from major financial setbacks and rebuilt their empires. Read More: https://punchng.com/business-icons-who-bounced-back-after-major-setbacks/...
Nigerian-British businessman Igho Ubiribo died from a pulmonary embolism after a penis enlargement procedure in Thailand. Learn about the risks of cosmetic Read More: https://punchng.com/nigerian-british-businessman-dies-after-penis-enlargement-procedure-in-thailand/...
A 43-year-old British-Nigerian businessman and social media influencer, Igho Ubiribo, has died after undergoing a penis enlargement procedure during a holiday in Thailand with his wife. Ubiribo died in March after receiving 40 millilitres of hyaluronic acid and lidocaine at a cli...
The Federal Government has launched a sensitisation programme to help Nigerian businesses access trade opportunities under the Economic Community of West African States (ECOWAS) and the African Continental Free Trade Area (AfCFTA). The programme, implemented through the ECOWAS Tr...
A minister states that President Tinubu’s economic reforms have stabilised Nigeria’s economy, leading to growth and improved indicators despite high inflat Read More: https://punchng.com/tinubus-reforms-have-stabilised-nigerias-economy-says-minister/...
By Olayinka Ajayi The National President of the Pentecostal Fellowship of Nigeria, PFN, and Prelate of the Calvary Grace International College of Bishops and the President of Sword of the Spirit Ministries, Bishop Francis Olubowale Oke, has been elevated to the Office of Archbish...
Three years after President Bola Ahmed Tinubu assumed office, Nigeria is no longer standing at the same economic crossroads at which his administration met it. The road has been difficult, sometimes painfully so, but the direction has become clearer. Tinubu inherited an economy w...
Nigeria’s business environment expanded further in August 2026, with the composite Current Business Performance Index (CBPI) rising to 112.7 points from 108.6 points in July. The post Nigeria’s business performance index rises to 112.7 in August, highest since February 2026 appea...
FAAN dismisses claims that airport policies caused Uber’s exit from Nigeria, stating it was a business decision. Learn about passenger safety concerns. Read More: https://punchng.com/airport-policies-didnt-drive-uber-out-of-nigeria-says-faan/...
President Tinubu, Gen. Gowon, and other leaders will develop a 20-year economic, infrastructural, and social plan for Nigeria’s North Central region. Read More: https://punchng.com/tinubu-gowon-others-to-provide-economic-plan-for-ncentral/...
By Chioma Obinna Nigerians do not necessarily hate paying taxes but want assurance that their contributions will be properly utilised, Professor Kenneth Amaeshi, First Bank Samuel Asabia Professorial Chair in Business Ethics at the University of Lagos, has said. Amaeshi made the ...
A winding-up petition against popular beverage company, Frutta Juice and Services Limited, over an alleged $53,026.26 debt is set for hearing following an order by a Federal High Court sitting in Lagos. The $53,026.26 debt is allegedly owed to Saudi Modern Packaging Factory Co. L...
President Tinubu, VP Shettima, and governors will attend a summit to create a 20-year economic, infrastructural, and social development plan for Nigeria’s Read More: https://punchng.com/tinubu-shettima-others-to-chart-20-year-north-central-development-plan/...
In January 2016, Uber ran what the ride-hailing company called a cash experiment in Lagos where riders could pay drivers in naira notes. Lagos was the third African city to try it, after Nairobi and Cairo, and Nairobi had been only the second city anywhere in the world to test ca...
The Federal Airports Authority of Nigeria, FAAN, has denied claims that it was responsible for Uber’s decision to discontinue its ride-hailing operations in Nigeria. Speaking on Friday, FAAN Managing Director, Mrs. Olubunmi Kuku, said the company’s exit was based on its own econo...
The Nigerian Exchange Group (NGX Group) has begun baseline assessments for companies participating in its N-Zero initiative as part of efforts to help businesses measure their climate readiness and develop credible pathways towards net-zero emissions. The assessment is expected t...
By Adeola Badru Yoruba nation activist, Chief Sunday Adeyemo, popularly known as Sunday Igboho, has called on Nigerians to rally behind the security initiatives of President Bola Tinubu’s administration, saying sustained national economic growth cannot be achieved without a safe ...
