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Business · The Punch ·NNPC completes OB3 pipeline crossing River Niger
The Nigerian National Petroleum Company Limited has successfully finished the construction of the Obiafu-Obrikom-Oben gas pipeline segment crossing the River Niger. This milestone marks a significant step in completing the critical infrastructure project aimed at enhancing domestic gas supply and distribution across various industrial hubs in the country.
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Business · ThisDay ·Q1 2026: Mecure Industries Reports 52% Revenue Growth amid Evolving Economic Conditions
Mecure Industries has reported a 52 percent increase in revenue for the first quarter of 2026. This financial growth occurred despite the presence of evolving economic conditions within the market. The company's performance highlights its resilience and operational progress during the specified period in the Nigerian industrial sector.
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Business · ThisDay ·
Niyi Agoro: We Have Transitioned from Traditional Personnel Management Approach to Holistic, People-centric Operating Model
Niyi Agoro stated that the organization has moved away from traditional personnel management in favor of a holistic and people-centric operating model. This transition reflects a strategic shift towards modern human resources practices designed to enhance workforce engagement and organizational effectiveness through a more comprehensive management approach.
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Business · ThisDay ·
Bank of Industry Wins Sustainable Finance Award
The Bank of Industry has received a prestigious award for its contributions to sustainable finance. This recognition highlights the institution's ongoing commitment to integrating environmental, social, and governance standards into its lending operations. The achievement underscores the bank's role in driving responsible economic growth and promoting sustainable development initiatives within the Nigerian financial ecosystem.
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Business · ThisDay ·
NSC Board Hails APM Terminals as Benchmark for Port Efficiency
The Board of the Nigerian Shippers' Council has identified APM Terminals as a leading benchmark for port efficiency in Nigeria. This endorsement highlights the terminal's role in maintaining high operational standards and serves as a model for improving performance and productivity within the nation's maritime and logistics industry.
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Business · ThisDay ·
Nigeria: Challenge of Rebuilding Airport Infrastructure
Nigeria faces significant hurdles in upgrading its aviation facilities to meet international standards. The federal government aims to modernize aging terminals and runways across the country, but funding gaps and maintenance issues persist. These infrastructure improvements are essential for enhancing safety and supporting the nation's economic growth through improved air travel connectivity.
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Business · ThisDay ·
BUA Cement Splashes N4.5bn on Distributors
BUA Cement has distributed approximately N4.5 billion to its trade partners and distributors across Nigeria. The company provided these funds as performance rewards and loyalty incentives to strengthen its supply chain relationships. This disbursement highlights the manufacturer's commitment to supporting its distribution network and fostering long-term growth within the Nigerian building materials industry.
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Business · ThisDay ·
IATA Raises Concern over High Aviation Taxes in Africa
The International Air Transport Association has expressed significant concern regarding the prevalence of high aviation taxes across the African continent. These levies are identified as a major challenge to the growth and sustainability of the aviation industry in the region, potentially hindering connectivity and economic development within African nations.
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Business · The Punch ·
Money market liquidity eases to N5.8tn
Nigeria’s money market liquidity has reached N5.8 trillion as financial conditions within the banking system show signs of easing. This level reflects the total available short-term funds currently circulating among financial institutions, facilitating interbank transactions and influencing the broader availability of credit within the national economy during this period.
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Business · The Punch ·
Airlines struggle as losses hit N150bn in two months
Nigerian airlines have reported financial losses totaling approximately N150 billion within a two-month period. The industry continues to face operational challenges and economic pressures that have significantly impacted revenue and stability for various domestic and international carriers operating within the country's aviation sector.
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Business · The Punch ·
Reinsurance: From risk transfer to growth driver
Reinsurance in Nigeria is shifting from its traditional role of risk transfer to becoming a significant catalyst for economic expansion. This transition highlights the industry's potential to provide capital stability and support broader financial development within the country’s insurance sector and the wider economy.
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Business · The Punch ·
Media industry welfare crisis worsens, WIJAFRICA warns
Women in Journalism Africa has highlighted the deteriorating welfare conditions for workers within the Nigerian media industry. The organization warned that the ongoing crisis affects the professional standards and stability of the sector, calling for urgent interventions to address the economic challenges facing media practitioners across the country.
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Business · Nairametrics ·
Ngx Group shareholders commend leadership, call for sustained performance at 65th AGM
During the 65th Annual General Meeting of the Nigerian Exchange Group, shareholders expressed satisfaction with the current leadership's direction. They urged the management team to maintain the company's financial performance and growth trajectory. The event underscored the board's commitment to strategic progress and investor relations within the Nigerian capital market.
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Business · Nairametrics ·
Rethinking How Nigerian Businesses Fund Growth
Nigerian enterprises are currently re-evaluating their strategies for securing capital to support long-term expansion. This shift focuses on identifying more sustainable and efficient funding models beyond traditional methods to navigate the prevailing economic climate and ensure business continuity within the competitive local market.
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Business · The Punch ·
May Day 2026: Nigerian workers need a lift
The 2026 May Day celebrations in Nigeria highlighted calls for improved welfare and economic support for the national workforce. Labor representatives emphasized the necessity for interventions to enhance living standards and address challenges facing employees, advocating for better compensation and policy reforms to support workers across various industrial sectors.
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Business · The Punch ·
Displaced Benue residents reject mining allocation on farmlands
Displaced residents in Benue State are protesting the allocation of their farmlands for mining purposes. The affected individuals have rejected the decision to permit mineral extraction on agricultural sites, citing the potential destruction of their primary source of livelihood and further displacement from their ancestral lands.
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Business · The Punch ·
Allgreen to invest $10bn in 80m cookstove rollout
Allgreen has announced a $10 billion investment intended for the rollout of 80 million cookstoves. The initiative represents a large-scale effort to provide cooking equipment, significantly expanding the company's footprint in the energy sector while targeting a broad demographic for its distribution program across various regions.
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Business · The Punch ·
SUNU Assurances targets N9.34bn via rights issue
SUNU Assurances plans to raise N9.34 billion through a rights issue to bolster its capital base and support strategic expansion. The insurance firm aims to leverage the new funds to enhance its operations and competitive positioning within the Nigerian financial services sector, offering existing shareholders the opportunity to increase their stakes.
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Business · The Punch ·
MAN, NRS warn illicit financial flows weaken investment
The Manufacturers Association of Nigeria and other entities have highlighted the negative impact of illicit financial flows on the nation's investment landscape. They assert that these unauthorized capital movements weaken investor confidence and hinder industrial growth, necessitating urgent policy interventions to stabilize the financial system and encourage sustainable economic development.
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Business · The Punch ·
FG asserts control over mining, warns C’River agencies
The Federal Government has reaffirmed its constitutional authority over mining activities across Nigeria. This follows a warning issued to agencies in Cross River State against interfering with mineral resources management, emphasizing that mining regulation remains within the exclusive jurisdiction of the federal authorities rather than state-level departments.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.