The Lagos
Nigeria’s macroeconomic indicators have begun to show signs of stabilisation, with stronger GDP growth, moderating inflation, improved manufacturing output and a period of greater exchange-rate stability. The post Nigeria’s macroeconomic stabilisation yet to translate into indust...
The Transmission Company of Nigeria is intensifying repairs on a collapsed 330kV power tower in Kebbi State that disrupted electricity to Kebbi and Sokoto. Read More: https://punchng.com/tcn-steps-up-repair-of-collapsed-kebbi-power-tower/...
By Chidinma Chukwu, Abuja ABUJA — The Federal Government has signalled plans to deepen Nigeria’s economic relationship with Saudi Arabia, with greater emphasis on agriculture, energy, investment, aviation, financial technology and trade. The Minister of Information and National O...
I warmly congratulate Aigboje Aig-Imoukhuede, CFR, on his 60th birthday. I have followed Aigboje’s journey in business and public life over the years. He has earned his place among a generation of Nigerians who took bold bets on our country and proved that Nigerian institutions c...
By Omeiza Ajayi ABUJA: The Federal Government has called on state governments to partner with it in implementing the National Poverty Reduction with Growth Strategy NPRGS, a flagship initiative designed to lift 100 million Nigerians out of poverty within 10 years through economic...
By Godwin Oritse ABUJA — Nigeria can significantly reduce its high logistics costs by integrating rail, road and maritime transport systems, the Managing Director/Chief Executive Officer of the Nigerian Railway Corporation (NRC), Dr Kayode Opeifa, has said. Opeifa said Nigeria’s ...
Nigerian real estate company AceRoyal Estates has officially launched Villa Nova, a landmark 1,000-home residential development located in Abijo, Lagos. The project brings together secure land titles, structured mortgage financing, and a strict delivery commitment designed to giv...
Nigeria’s fintech industry must move beyond making digital payments easier and focus on how the infrastructure it has built can support credit, insurance, savings and wider economic activity. The post Fintechs must move beyond payments to become economic infrastructure — Lagos De...
Nigeria has reaffirmed its commitment to the One-China principle while pursuing enhanced economic collaboration with China across trade, investment, infrastructure, and technology sectors. The Chinese Communist Party views Taiwan as a breakaway province and Beijing has warned tha...
Vice President Kashim Shettima has assured Nigerians in the diaspora, particularly those living in the United States, that Nigeria is open for business despite the negative stories about the country on social media. Shettima said the Federal Government was working to reposition t...
On September 2, Uber shut down its Nigerian business after 12 years and left the same day. No notice to drivers, no goodbye to riders. It was the fourth African market Uber left in under a year. The easy way to read this is as a market-share story: Uber’s gone, so Bolt and inDriv...
The Ogun State Government, with the Federal Government and World Bank, has begun disbursing a N6bn fund to 3,855 women groups to expand businesses. Read More: https://punchng.com/ogun-begins-n6bn-fund-disbursement-to-3855-women-groups/...
The Transmission Company of Nigeria, TCN, has begun restoration of the 330kV Kainji-Birnin Kebbi Transmission Line following the collapse of tower T367 in Yauri, Kebbi State. TCN disclosed this in a statement issued by its management on Wednesday, September 23, 2026. The company ...
A maritime group, SERC, has warned that foreign businesses are reshaping Nigerian commerce through integrated supply chains, bypassing local traders. Read More: https://punchng.com/foreign-businesses-reshaping-nigerian-commerce-serc-warns/...
A columnist argues that a N500,000 minimum wage is a reasonable starting point to offer Nigerians relief from punishing economic realities and high living Read More: https://punchng.com/n500000-minimum-wage-is-not-outrageous/...
The Lagos Chamber of Commerce and Industry has urged commercial banks to lower lending rates for businesses following the CBN’s 350-basis-point rate cut. Read More: https://punchng.com/lcci-urges-banks-to-lower-lending-rates-after-cbn-cut/...
Ogun State, the FG, and the World Bank have begun disbursing a ₦6bn fund to 3,855 women’s groups to expand women-led businesses and boost livelihoods. Read More: https://punchng.com/ogun-fg-world-bank-roll-out-%e2%82%a66bn-fund-for-3855-womens-groups/...
The facility, funded by South Korea through KOICA, is expected to provide training, technology, incubation and other business support to entrepreneurs. The post Tinubu says $12m Abuja entrepreneurship centre will support MSMEs appeared first on Premium Times Nigeria ....
The Manufacturers Association of Nigeria has welcomed the CBN’s decision to cut the interest rate to 23%, saying it will ease pressure on businesses. Read More: https://punchng.com/man-welcomes-cbn-interest-rate-cut-to-23/...
By Kingsley Omonobi ABUJA — The Chief of Army Staff, COAS, Lieutenant General Waidi Shaibu, has reaffirmed the Nigerian Army’s commitment to protecting critical energy infrastructure and strengthening partnerships that support Nigeria’s economic growth and national development. S...
The President described the investment as a major step towards unlocking Nigeria’s long-dormant gas resources for industrialisation, job creation and economic growth. The post Tinubu hails $800m Ima Gas FID as Nigeria unlocks 50-year-old gas resource appeared first on Premium Tim...
By Chinedu Adonu ENUGU — Flooding has displaced residents of Mpu and Okpanku communities in Aninri Local Government Area of Enugu State, destroying houses, shops, rice mills, farmlands and other property worth millions of naira. The flooding, which began on September 20, intensif...
President Bola Tinubu has welcomed the construction of the $12 million Abuja Centre for Entrepreneurship, saying the project will strengthen Nigeria’s MSME ecosystem and help more businesses grow, create jobs and expand economic activity. The centre, funded by the Republic ...
…AMNI, TotalEnergies target first gas by 2028 By Udeme Akpan, Energy Editor ABUJA — Nigeria has moved to develop the 53-year-old Ima gas field after AMNI International Petroleum Development Company Limited and TotalEnergies EP Nigeria took the Final Investment Decision, FID, on t...
When AMNI International Petroleum Development Company Limited and TotalEnergies EP Nigeria formally marked the Final Investment Decision for the Ima Gas Project in Abuja, the moment represented far more than the approval of another upstream development. For AMNI, it was the culmi...
Unveils four policies to strengthen transparency, accountability By Obas Esiedesa, Abuja ABUJA — The Transmission Company of Nigeria, TCN, has launched a new anti-corruption framework aimed at tackling corruption and unethical practices while strengthening transparency and accoun...
Nigerian businessman Tony Elumelu has called for a shift from aid to trade for Africa, urging private-sector-led partnerships at the UN General Assembly. Read More: https://punchng.com/elumelu-urges-shift-from-aid-to-trade-for-africa-at-unga/...
By Johnbosco Agbakwuru ABUJA — President Bola Tinubu has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, describing it as a major milestone in efforts to unlock Nigeria’s gas resources for investment, industrialisation, job creation and economic ...
The Lagos State Environmental Protection Agency has sealed 12 establishments, including a church and hotels, over persistent environmental violations. Read More: https://punchng.com/lagos-seals-church-hotels-businesses-over-environmental-violations/...
The Nigeria Democratic Congress, NDC, presidential running mate, Rabiu Kwankwaso, has said President Bola Tinubu plunged Nigeria into a complete economic mess. Kwankwaso said Tinubu’s decision to remove the subsidy on fuel during his inauguration ruined Nigeria’s economy. Recall ...
President Bola Tinubu has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, marking another major milestone in his administration’s drive to unlock Nigeria’s vast gas resources for investment, industrialisation, job creation and economi...
President Bola Tinubu has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, marking another major milestone in his administration’s drive to unlock Nigeria’s vast gas resources for investment, industrialisation, job creation and economi...
Flutterwave, Africa’s leading payments technology company, today announced its executive engagements on the sidelines of the 81st United... The post Flutterwave convenes global leaders at UNGA 2026 to power Africa’s next decade of growth appeared first on Nairametrics ....
The Transmission Company of Nigeria, TCN, has announced an electricity supply outage in parts of Abuja on Wednesday. In a notice on Wednesday, the company said the outage is due to preventive maintenance at the Central Area GIS 132/33kV Transmission Substation in Abuja. TCN noted...
The naira may face depreciation pressure following the Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) by 350 basis points to 23%, according to Bismarck Rewane, Managing Director of Financial Derivatives Company. The post Naira may depreciate follow...
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the Nigerian National Petroleum Company Limited, NNPCL, should account for and explain to Nigerians why its Port Harcourt, Warri and Kaduna refineries are not producing petroleum products. He made t...
OPay, Nigeria’s leading fintech company, role in Nigeria extends beyond providing digital financial services, with the company using its resources, technology and partnerships to deliver social impact at scale. Over time, these efforts have developed into a range of programmes ai...
By Yinka Kolawole LAGOS — The Lagos Chamber of Commerce and Industry, LCCI, has urged banks to translate the Central Bank of Nigeria’s 350-basis-point reduction in the Monetary Policy Rate, MPR, to 23 per cent into cheaper and more accessible credit for businesses, particularly s...
You’ve heard all about it. It’s been all over the news these past couple of weeks: the “Dangote IPO.” The Dangote Petroleum Refinery and Petrochemicals FZE IPO is now open, offering eligible Nigerians, both at home and abroad, an opportunity to apply for shares in the company. Th...
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the Nigerian National Petroleum Company Limited (NNPC Ltd.) should explain to Nigerians what is happening with the country’s refineries. Lokpobiri stated this during an interview on Channels Televis...
Financial and economic experts have described the Central Bank of Nigeria's (CBN) decision to reduce its benchmark interest rate from 26.5% to 23% as a welcome but unexpected move, marking the first major reduction of its kind in nearly two decades. The post Experts say CBN’s sur...
By Obas Esiedesa, Abuja The Transmission Company of Nigeria (TCN) has launched a new anti-corruption framework aimed at tackling corruption, unethical practices and strengthening transparency and accountability across the company. The framework, unveiled on Tuesday at the TCN hea...
The Centre for the Promotion of Private Enterprise (CPPE) has urged Nigerian banks to reduce lending rates following the Central Bank of Nigeria’s (CBN) 350-basis-point cut in the Monetary Policy Rate (MPR), saying the adjustment should translate into lower borrowing costs for bu...
The Federal Government is working to announce a new national minimum wage to alleviate the economic hardship faced by Nigerian workers. Permanent Secretary, Federal Ministry of Labour and Employment, Dr Kamil Shoretire, made this disclosure on Tuesday in Abuja at a capacity-build...
Business owners in Arepo, Ogun State, lament declining patronage as the deplorable condition of Pipeline Road drives customers away due to dust and floodin Read More: https://punchng.com/bad-roads-drive-customers-away-from-ogun-businesses/...
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has congratulated the Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Oye, on his conferment with the 2026 Medal of Merit by the African Bar Association (AFBA). Oye,...
…Links hardship, social unrest to failure of productivity Former Cross River State governor and presidential candidate of Peoples Redemption Party, PRP, Donald Duke, said yesterday Nigeria’s economy has effectively shrunk since the Second Republic because government spending and ...
The International Chamber of Commerce last week rescued Nigeria from yet another set of predators determined to suck the last drop of blood still running in the country’s economic veins. It rejected the criminal claim for damages for a breach of contract to the tune of USD 2.35 b...
The investigation examined how wealth linked to Nigerian political and economic elites moved into the US real estate market and identified recurring risk factors in the acquisition of the properties. The post 61 Nigerian officials linked to $271 million US property holdings -Repo...
You’ve heard all about it. It’s been all over the news these past couple of weeks: the “Dangote IPO.” The Dangote Petroleum Refinery and Petrochemicals FZE IPO is now open, offering eligible Nigerians, both at home and abroad, an opportunity to apply for shares in the company. Th...
Senior leadership for LemFi’s regulatory and policy engagement across West Africa, with an early focus on Nigeria Dr Haydar Daudu is an economist and former public-sector adviser who has worked with the Central Bank of Nigeria and the D-8 Organisation for Economic Cooperation Lem...
The Association of Professional Women Engineers of Nigeria and the Bureau of Public Procurement have moved to deepen the participation of women-owned engineering businesses in public projects, with the BPP disclosing that a new affirmative procurement policy is being developed to...
The think tank said the adjustment could provide relief to businesses, particularly those operating in manufacturing, agriculture, construction and logistics, where high financing costs have constrained investment, production and working capital. The post CBN’s rate cut could boo...
By Haruna Aliyu, Birnin Kebbi Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has welcomed Nigeria’s victory in the arbitration dispute with Sunrise Power and Transmission Company Limited over the Mambilla Hydroelectric Power Project, while cal...
By Luminous Jannamike ABUJA — Former Vice President Atiku Abubakar has said 67.4 per cent of Nigerians surveyed by SBM Intelligence want petrol subsidy restored, citing the finding as evidence of widespread demand for relief from soaring fuel and transport costs. The survey, acco...
