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Business · BusinessDay ·Meet Rabiu Umar, nominee for NMDPRA chief executive
President Bola Tinubu has nominated Rabiu Umar to serve as the chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Umar is expected to lead the agency responsible for overseeing operations within the country's petroleum sector, pending formal confirmation by the Nigerian Senate.
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Business · BusinessDay ·‘Real estate market is beginning to question what it is being sold’
Stakeholders within the Nigerian real estate sector are increasingly scrutinizing property offerings and market claims. This trend indicates a growing demand for transparency and value verification among investors and prospective homeowners, as the industry faces heightened skepticism regarding the quality and legitimacy of current developmental projects.
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Business · Leadership News ·NGX Recommits to Sustainable Markets Through Infrastructure, Innovation
The Nigerian Exchange Group is prioritizing market sustainability through enhanced infrastructure and technological innovation. The exchange aims to strengthen the national capital market by integrating modern solutions that support long-term economic stability and provide efficient trading platforms for investors within the Nigerian financial sector.
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Business · Premium Times ·Oando awaits regulatory approvals for proposed N220.8 billion rights issue
Oando is currently seeking necessary regulatory clearances for its planned N220.8 billion rights issue. The energy firm intends to use the capital raising exercise to strengthen its financial position and support ongoing operations, pending the final decision from the relevant Nigerian capital market authorities.
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Business · BusinessDay ·Africa must unite to capture value from global minerals boom-Alake
Nigeria's Minister of Solid Minerals Development, Dele Alake, has called for increased collaboration among African nations to maximize the benefits of the global surge in mineral demand. He emphasized the necessity of a unified continental approach to ensure that Africa retains significant value from its natural resources during the current boom.
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Business · Daily Post ·Flutterwave, Activate Success International Foundation partner on youth entrepreneurship, financial inclusion across Nigeria
Flutterwave and the Activate Success International Foundation have established a partnership to drive youth entrepreneurship and financial inclusion across Nigeria. This initiative focuses on providing resources and support to young business owners to encourage economic empowerment and expand access to modern financial services throughout the federation.
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Business · BusinessDay ·How NAHCO more than doubled shareholders money in 4 months
The Nigerian Aviation Handling Company (NAHCO) recorded a significant increase in shareholder value, more than doubling returns within a four-month period. This performance reflects a surge in the company's market valuation on the Nigerian Exchange, highlighting strong investor interest and financial growth for the ground handling firm during the period under review.
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Business · PM News ·
Lagos turns to local power over frequent grid failures
Lagos State is prioritizing the development of local power solutions to mitigate the impact of consistent national grid failures. This strategic shift aims to provide more reliable electricity for residents and businesses by reducing dependence on the national power infrastructure, which has recently experienced multiple instances of total collapse.
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Business · Daily Post ·BREAKING: Nigerian filling stations increase petrol price after Dangote Refinery’s hike
Retail filling stations across Nigeria have increased the pump price of petrol following a recent price hike by the Dangote Refinery. This adjustment by marketers reflects the updated supply costs from the private refinery, impacting the domestic energy market as various retail outlets across the country adjust their fuel rates.
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Business · Daily Post ·CAC finally speaks on manipulation of firms’ data after cyber attack in Nigeria
The Corporate Affairs Commission has addressed reports concerning the manipulation of company records following a cyberattack in Nigeria. The agency clarified the status of firm data and outlined measures taken to secure its registry against unauthorized access, ensuring the integrity of corporate information for the public and the business community.
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Business · PM News ·
Beyond the Ghost Brand: How Brisk Media Forges Industry Icons
Brisk Media focuses on transforming brands into industry leaders through specialized marketing and branding strategies. The company moves beyond basic visibility to establish significant influence for its clients within their respective sectors. This approach aims to create lasting recognition and authority for businesses and individuals seeking to enhance their market presence.
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Business · Nairametrics ·
Senate clears Lamido Yuguda as CBN Deputy Governor after brief screening
The Nigerian Senate has confirmed the appointment of Lamido Yuguda as a Deputy Governor of the Central Bank of Nigeria following a brief screening process. This clearance enables Yuguda to join the leadership team at the apex bank to support its ongoing monetary policy and regulatory mandates.
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Business · Nairametrics ·
Infinity Trust Mortgage grows profit by 49% to N898 million on strong interest income
Infinity Trust Mortgage Bank recorded a 49% increase in profit, reaching N898 million. This growth was primarily driven by strong interest income earned during the period. The financial results reflect the bank's operational performance within the Nigerian mortgage banking sector as reported by Nairametrics.
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Business · Leadership News ·
Afreximbank Ex-President Oramah Named Royal African Society Patron
Benedict Oramah, the former President of the African Export-Import Bank, has been appointed as a patron of the Royal African Society. The appointment acknowledges his role in advancing African economic development and trade. The society works to strengthen relationships between the United Kingdom and Africa through policy and cultural exchange programs.
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Business · Premium Times ·How the FirstBank Naira Credit Card gives unparalleled spending power
FirstBank offers a Naira Credit Card designed to provide customers with enhanced purchasing options and financial flexibility. The financial product aims to grant cardholders increased spending limits, enabling them to manage various transactions and payments more effectively within the local market and for broader financial needs.
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Business · Leadership News ·
Africa Lags On Industry, Jobs Despite $4T Domestic Capital – Report
A recent report indicates that Africa continues to experience slow industrial growth and limited job creation despite possessing four trillion dollars in domestic capital. The findings highlight a significant disconnect between available financial resources and the continent's industrial development and employment objectives.
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Business · Leadership News ·
IFC, Norfund Target 500,000 Nigerian Households For $83.2m Off-grid Solutions
The International Finance Corporation and Norfund are investing $83.2 million to provide off-grid power solutions to 500,000 Nigerian households. This initiative aims to expand energy access across the country by implementing decentralized systems for homes currently underserved by the national electricity grid.
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Business · BusinessDay ·AACCI Nigeria positions itself as a gateway for Asia-Africa trade flows
The Asian-African Chamber of Commerce and Industry in Nigeria is establishing itself as a primary facilitator for commercial exchanges between the two continents. This strategic positioning aims to streamline trade flows and foster stronger economic partnerships by providing a dedicated platform for cross-border investments and market access.
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Business · The Punch ·Stop exporting raw minerals, Alake urges African nations
Nigeria's Minister of Solid Minerals Development, Dele Alake, has called on African countries to halt the exportation of raw mineral resources. He advocates for domestic processing and value addition to ensure that the continent retains maximum economic benefits from its natural wealth instead of shipping raw materials abroad.
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Business · BusinessDay ·NGX Group shareholders urge leadership to continue focus on growth, value creation
Shareholders of the Nigerian Exchange Group have called on the company's leadership to maintain their commitment to strategic growth and the creation of value for investors. The appeal emphasizes the importance of sustainable development and long-term performance within the Nigerian capital market ecosystem.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.