The Lagos
The spokesman of the African Democratic Congress, ADC, Bolaji Abdullahi, has accused the All Progressives Congress, APC, of ruining the lives of Nigerians with its policies. Responding, APC spokesman, Felix Morka, accused former Vice President Atiku Abubakar, of contributing to t...
The National Health Insurance Authority has increased reimbursements to healthcare providers under its fee-for-service arrangement by 373 per cent as part of efforts to improve service quality and restore public confidence in Nigeria’s health insurance system. The Director-Genera...
…Insists on petrol price cut, tax relief, others By Victor Ahiuma-Young The Nigeria Labour Congress, NLC, has rejected the Federal Government’s response to its demands for urgent economic relief and the commencement of negotiations for a new national minimum wage, raising concern...
By Haruna Aliyu, Birnin Kebbi The reduction in petrol pump price announced by the Nigerian National Petroleum Company Limited (NNPC) has been followed by the closure of several filling stations in Birnin Kebbi, leaving motorists and commuters struggling to access the product. A s...
Fintech company Cardtonic has won two awards, including Digital Payments Disruptor of the Year, at the 2026 BusinessDay BAFI Awards in Lagos. Read More: https://punchng.com/cardtonic-shines-at-2026-businessdays-bafi-awards-earns-double-recognition/...
Nigeria’s banks have rarely been in better health. They have just been recapitalised, they are posting some of the largest profits in their history, and they are full of cash. The post Government debt is swallowing the money Nigerian businesses need to grow appeared first on Nair...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said Nigeria’s foreign exchange reserves provide a buffer against global economic shocks, helping to protect ordinary Nigerians from external pressures. The post Cardoso says $55.1 billion reserves protect Ni...
PREMIUM TIMES' checks at filling stations across Plateau State capital on Wednesday, 14 October, showed that outlets operated by the Nigerian National Petroleum Company Limited sold petrol at ₦1,420 per litre, while other filling stations charged between ₦1,472 and ₦1,492. The po...
Suspected bandits have killed five farmers, abducted 18 people and burnt houses and shops in Niger State. The post Bandits kill five, abduct 18 in Niger communities appeared first on Premium Times Nigeria ....
OPay, a leading digital bank in Nigeria, has won two prestigious awards at the 14th BusinessDay Banks and Other Financial Institutions (BAFI) Awards 2026, taking home the titles of Digital Bank of the Year and Financial Inclusion Leader of the Year. The awards ceremony, held on 9...
Guinea Insurance Plc’s shares have risen 42.86% in October, breaking eight consecutive months of declines despite the company reporting a bigger first-half loss. The post Guinea Insurance rallies 43% in October as fresh funding raises recovery hopes appeared first on Nairametrics...
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 ...
The Federal Government’s Renewed Hope Cities initiative has drawn more than 100,000 expressions of interest from Nigerians across the public, private, and informal sectors, with traders and small business owners in Abuja, Kano, and Lagos among those buying into the scheme. Concei...
Finance Minister Taiwo Oyedele says economic reforms must protect vulnerable Nigerians, highlighting social measures like cash transfers to over 10m househ Read More: https://punchng.com/economic-reforms-must-protect-vulnerable-nigerians-oyedele-2/...
The collaboration connects Growtech’s international network of agricultural businesses, technology providers, and industry experts with NADF’s mandate to expand access to agricultural finance, strengthen productivity, and support food security in Nigeria The post Growtech West Af...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) is advancing plans for its initial public offering (IPO) as it implements governance reforms and addresses financial reporting gaps identified by its advisers ahead of a potential capital market listing. The post NNPC ad...
Africa recorded an average electricity price of $0.141 per kilowatt-hour (kWh) for residential consumers and $0.134 per kWh for businesses in the third quarter of 2026. The post Top 10 African countries with the cheapest electricity prices in Q3 2026 appeared first on Nairametric...
By John Alechenu, Abuja Presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo, has described politicians who avoid public debates as “empty upstairs”, saying they lack the intellectual capacity to address Nigeria’s economic and social challenges. Ade...
The Ogun State Government has vowed to prosecute and sanction a company caught on video allegedly dumping industrial waste at the Sagamu interchange. Read More: https://punchng.com/ogun-to-prosecute-firm-caught-dumping-industrial-waste-at-interchange/...
“Please come into Nigeria, bring your investment. Nigeria is actually a symbol to other African countries now, we just got into Kenya with a $20 billion investment in another refinery. It's a model that is coming from Nigeria,” he said. The post In Thailand, Dangote Group hails T...
The Lagos State Lotteries and Gaming Authority has given mobile network operators (MNOs), including MTN, Airtel, Globacom, 9mobile, and licensed value-added service (VAS) providers 30 days to verify the licensing and tax compliance status of gaming businesses using their platform...
Ogun State Governor, Prince Dapo Abiodun, has announced plans to upgrade the Ogun State Cooperative College to award National Diploma (ND) and Higher National Diploma (HND) qualifications, while disclosing that his administration has disbursed more than ₦1 billion in loans to coo...
RMB Nigeria has secured two honours at the 2026 BusinessDay Bank and Other Financial Institutions (BAFI) Awards, winning Merchant Bank of the Year for the eighth time and Deal Advisory Excellence of the Year. The eighth Merchant Bank of the Year award marks a significant mileston...
Dangote Refinery took centre stage in major business, finance and economic discussions in Nigeria and across Africa from Monday to Wednesday. DAILY POST, in this report, highlights major talking points about the 700,000-barrel-per-day refinery based in Lekki, Lagos. First, Dangot...
For Nigeria’s small and medium-sized businesses, growth is often discussed through the lens of access to finance. Yet, while capital remains critical, the ability to reach customers, build visibility, and access credible marketplaces is just as important to turning a promising bu...
*Energy, transport account for $61.4bn; 17 mega-projects require $72.3bn *Foreign investors to enjoy 100% foreign ownership, tax incentives *FG promises clearer business rules, new incentives to attract investment *Nigeria’s next reforms to focus on food, power, jobs, business ef...
Nigeria has unveiled 65 investment projects requiring a combined $78.5 billion in capital as the Federal Government seeks to attract domestic and foreign investors, create jobs and accelerate economic growth. The post Nigeria seeks $78.5 billion investment for 65 projects at IMF-...
By Henry Umoru ABUJA — Niger Delta groups have urged the Federal Government to revert to the original alignment of the Lagos-Calabar Coastal Highway to include riverine communities in Ondo, Delta, Bayelsa and other coastal states. The groups, under the aegis of Niger Delta Concer...
By Nwafor Sunday Polycarp Minister of Aviation, Festus Keyamo, SAN, has criticised former Vice-President Atiku Abubakar over his comments on the economic hardship and insecurity in the country, accusing him of hypocrisy and saying only younger Nigerians unfamiliar with his record...
Cascador, a Nigeria-focused platform for growth-stage founders, and Sterling Bank, a mid-size Nigerian commercial bank, have set up a $200 million fund to help small Nigerian businesses and startups get bank loans by sharing the risk of borrowers defaulting. The partners say the ...
The Pan-Atlantic University Alumni Association (PAUAA) has announced its 2026 International Alumni Conference, scheduled for Thursday, October 22, at the Ecobank Pan African Centre (EPAC), Victoria Island, Lagos, bringing together more than 400 business leaders, entrepreneurs, ac...
By Ayobami Okerinde The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has pledged to make life more affordable and improve security across Nigeria, blaming President Bola Tinubu’s administration for the rising cost of living. Atiku made the prom...
Atiku Abubakar has criticised the rising cost of living under Tinubu, promising to make life affordable and restore security if elected president in 2027. Read More: https://punchng.com/2027-atiku-promises-affordable-living-urges-nigerians-to-collect-pvcs/...
For a Nigerian business paying an overseas supplier or receiving money from an international customer, a delayed payment can disrupt more than a transaction. It can hold up an order, tie down working capital and leave the business uncertain about its next decision. The difficulty...
A coalition has described the petrol discount offered by the Nigerian National Petroleum Company Limited as a welcome intervention to ease financial burden Read More: https://punchng.com/nnpcs-petrol-discount-offers-nigerians-relief-says-coalition/...
“People can easily tell that because of the reform, life is harder. But you need to show them without the reform, it will be hardest,” he said. The post What African countries, others can learn from Nigeria’s economic reforms – Minister appeared first on Premium Times Nigeria ....
Nigerians seeking greener pastures in Indonesia have been advised to invest in their home country rather than relocate without viable business plans, as employment opportunities for foreigners are limited and setting up businesses requires substantial capital. The Charge d’Affair...
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has proposed a six-month petrol price reduction programme targeting a 15 to 20 per cent cut in pump prices to ease the burden of high energy and transportation costs on Nigerian businesses and households. In a st...
*Advocates cash transfers to cushion hardship in Nigeria *Urges FG to cut debt without worsening hardship IMF upgrades forecast for Nigeria’s economic growth to 4.2% *Warns of tougher times as global growth slows to 3.1% *Says AI boom, energy shocks threaten global economic outlo...
A chieftain and founding father of the All Progressives Congress, APC, Osita Okechukwu, has admitted that the microeconomic indicators of President Bola Tinubu’s reforms are poor and have failed Nigerians. Okechukwu made this statement during an interview on Arise Television’s Pr...
Shell Plc has signed an agreement to sell its entire interest in Shell Nigeria Gas (SNG) Group, which operates a domestic gas distribution business in Nigeria, to Nigerian energy company Vaaris Energy. The post Shell to sell Nigeria gas distribution business to Vaaris Energy appe...
Good morning! Here is today’s summary from Nigerian newspapers: 1. A forensic investigator with the Department of State Services, Segun Kayode on Tuesday alleged that former Kaduna State governor, Nasir El-Rufai and some of his associates earmarked $600,000 to settle officials of...
Shell announced the deal in a statement on Tuesday, noting the transaction forms part of the strategy to simplify its portfolio and concentrate investments on areas of competitive strength. The post Shell to sell Nigeria’s domestic gas business to Vaaris Energy appeared first on ...
By Islamiyyah Adekanbi Subscribers in Lagos have lamented hours of disrupted mobile service, saying the outage affected their studies, businesses and communication with family and friends. The disruption, which was reported in Lagos, Oyo, Rivers, Delta and the Federal Capital Ter...
By Henry Ojelu Some local and international stakeholders in the petroleum and economic sectors have commended the Federal Government’s interventions to cushion the impact of rising petrol prices, while calling for transparency and effective implementation to ensure Nigerians bene...
Many motorists, commuters, and stakeholders have expressed mixed reactions to the Federal Government’s announcement of a 30-day petrol discount at the Nigerian National Petroleum Company Ltd. (NNPCL) filling stations. The News Agency of Nigeria (NAN) reports that the Minister of ...
Moove, the Nigerian-founded mobility financing company, had raised more than $710 million in global funding before announcing its exit from Nigeria this month, six years after launching operations in the country. The post Moove raised over $710 million before exiting Nigeria appe...
Ladi Delano and Jide Odunsi, the British-born Nigerian entrepreneurs behind global mobility fintech Moove, are preparing to close the company's Nigerian operations six years after launching the business in Lagos. The post Meet Ladi Delano and Jide Odunsi, Nigerian founders of Moo...
Enugu State has secured a $200 million investment to develop a 100-megawatt (MW) solar power project aimed at improving electricity supply to homes and businesses across the state. The post Enugu secures $200 million investment for 100MW solar power project appeared first on Nair...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has extended its N66 per litre petrol discount across its retail outlets nationwide until October 31, insisting that the initiative does not amount to a restoration of petroleum subsidy. The company said the discount, ini...
The planned hearing by the Court of Appeal, Abuja, in appeals filed the Incorporated Trustees of the Socio-economic Rights and Accountability Project, SERAP, and its Deputy Director, Kolawole Oluwadare, to challenge the N101 million fine imposed on them for defamation was stalled...
By Ikechukwu Nnochiri The Court of Appeal in Abuja on Friday deferred until October 13 the hearing of two separate appeals seeking to nullify a judgment that ordered the Socio-Economic Rights and Accountability Project (SERAP) to pay N100 million in damages for defaming two offic...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has extended its N66 discount promotion on Premium Motor Spirit (PMS) by one week, with Automotive Gas Oil (AGO) now included in the offer at its retail outlets. The company announced the extension in a promotional notice...
Every Nigerian founder who sells, sources, or hires across borders eventually hits the same wall. The money leaves, or is supposed to arrive, and then it disappears into a chain of intermediaries nobody can explain. A supplier in Guangzhou says the wire never landed. A SaaS compa...
The Federal Government has issued a stern warning to Ministries, Departments and Agencies, MDAs, against poor performance. The Director-General of the Presidential Enabling Business Environment Council, Princess Zahrah Audu, gave the warning at the MDA High-Level Strategic Engage...
Nigerian media company EbonyLife has opened a cinema and cultural centre in London to showcase Nollywood and other Black and African films. Read More: https://punchng.com/ebonylife-opens-african-cinema-hub-in-london/...
In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with the Federal Government saying it would offer a discount on petrol dispensed at the filling stations of the Nigerian National Petroleum Company (NNPC) Limited for the next 30 days. Another head...
The Arewa Consultative Forum has urged the Federal Government to admit flaws in its economic reforms and provide clear timelines for easing Nigerians’ hard Read More: https://punchng.com/acf-urges-fg-to-set-timelines-for-easing-hardship/...
The Minister of Finance, Taiwo Oyedele, has made five key clarifications regarding the recent announcement of a fuel price discount at Nigerian National Petroleum Company Limited, NNPCL, filling stations. In a statement he personally signed on Friday, Oyedele said the discounted ...
Arise Television anchor, Rufai Oseni has accused the Federal Government of hypocrisy over its decision to introduce a 30-day petrol discount at Nigerian National Petroleum Company Limited, NNPCL, filling stations. Oseni argued that the discount amounted to a return of fuel subsid...
