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Business · ThisDay ·Nigerian Gas Association Unveils Yetunde Taiwo as New President, Announces Executive Council
The Nigerian Gas Association has officially appointed Yetunde Taiwo as its new President. Alongside this leadership transition, the organization also announced the members of its new Executive Council, who will oversee the strategic direction and operations of the association within Nigeria's energy and gas sector.
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Business · BusinessDay ·Trust deficit stalls Africa’s capital shift into infrastructure – AFC
The Africa Finance Corporation has identified a trust deficit as a primary barrier preventing the flow of capital into infrastructure development across the continent. This lack of confidence hinders investment opportunities and stalls critical projects needed for economic growth, despite the availability of potential funding from various global and regional sources.
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Business · Nairametrics ·
The house that oil built is cracking—what should Nigeria and Africa do?
Nigeria and other African nations face significant economic challenges as their historical reliance on oil revenue shows signs of instability. This situation necessitates a strategic re-evaluation of fiscal policies and industrial diversification to ensure long-term stability and growth across the continent's major energy-producing economies.
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Business · Channels TV ·How Does UAE Exit From OPEC, OPEC+ Affect Oil Supply, Prices?
The potential withdrawal of the United Arab Emirates from OPEC and OPEC+ would likely influence global oil supply dynamics and international crude prices. Such a departure by a major producer could alter existing production quotas and affect market stability, potentially leading to increased volatility within the global energy sector.
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Business · BusinessDay ·Arik Air repaid 38% of foreign loan before AMCON takeover, witness tells court
A witness informed a court that Arik Air had settled thirty-eight percent of its foreign loan obligations prior to its takeover by the Asset Management Corporation of Nigeria. The testimony provides insight into the airline's financial position before the regulatory intervention and subsequent management changes implemented by the government agency.
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Business · Leadership News ·
Nigeria Economic Crisis Requires Personal, Community-driven Productivity – Dan-China
Dan-China asserts that mitigating the Nigerian economic crisis requires a focus on personal and community-driven productivity. This approach advocates for grassroots engagement and individual contributions to strengthen the national economy and improve the overall financial well-being of citizens during these challenging times.
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Business · ThisDay ·
NCAN Kicks Against Raw Cashew Export Ban, Says Policy Risks 5m Jobs
The National Cashew Association of Nigeria has expressed opposition to a proposed ban on raw cashew exports, warning that the policy could lead to the loss of five million jobs. The association argues that the restriction would negatively affect the livelihoods of stakeholders across the country's agricultural value chain.
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Business · Nairametrics ·
Jollof cooking cost hits N30,435 as fuel shock hits households – Report
A recent report indicates that the average cost of preparing a pot of jollof rice has risen to N30,435 for Nigerian households. This increase is primarily driven by recent fuel price shocks impacting domestic expenses. The rising figures reflect broader inflationary pressures currently affecting the affordability of staple meals within the country.
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Business · Nairametrics ·
VFD Group rakes in N5.1 billion in Q1 2026 as investments and ‘other income’ surge
VFD Group reported earnings of N5.1 billion for the first quarter of 2026. This financial performance was attributed to a significant increase in returns from investments and other income sources. The results indicate a positive growth trajectory for the diversified investment company within the specified reporting period.
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Business · ThisDay ·
Celebrating Architect of Wealth, Michael Adenuga Jr., at 73
Nigerian businessman Michael Adenuga Jr. marks his seventy-third birthday. Known for his significant contributions to the telecommunications and oil industries, the founder of Globacom is recognized for his role in wealth creation and national economic development as he celebrates this milestone age.
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Business · Channels TV ·Oil Supply Concerns Linger As Market Digests UAE OPEC Exit
Global oil markets are currently experiencing uncertainty regarding supply levels following the announcement that the United Arab Emirates will exit the Organization of the Petroleum Exporting Countries. This development has led to ongoing concerns among traders and analysts as they assess the potential impact on international crude production and pricing strategies.
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Business · PM News ·
Bodex Media celebrates Mike Adenuga at 73
Bodex Media has issued a commemorative message to celebrate the 73rd birthday of Nigerian business magnate Mike Adenuga. The media organization acknowledged the achievements and contributions of the Globacom chairman to the country's economy and telecommunications sector while wishing him continued prosperity and good health in his future endeavors.
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Business · Nairametrics ·
Dangote’s net worth hits $34 billion, gains $216 million in a day
Nigerian billionaire Aliko Dangote has seen his total net worth rise to $34 billion after recording a gain of $216 million within a single day. This increase solidifies his position among the world’s wealthiest individuals and reflects the ongoing financial performance of his diversified industrial and business holdings across the continent.
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Business · Nairametrics ·
Access Holdings announces retirement of Deputy Managing Director Chizoma Okoli
Access Holdings has announced the retirement of Chizoma Okoli from her position as Deputy Managing Director. The transition marks the conclusion of her tenure at the prominent Nigerian financial institution. The company disclosed the leadership change as part of its executive updates, highlighting the conclusion of her service within the group's top management.
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Business · BusinessDay ·After N62bn impairment, MTN Nigeria opts for partnership over full fintech ownership
MTN Nigeria has decided to prioritize strategic partnerships for its fintech division instead of seeking full ownership. This shift in strategy follows a reported N62 billion impairment loss. The telecommunications firm aims to optimize its financial services operations while managing risks associated with its digital banking and payment platforms.
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Business · Nairametrics ·
Transcorp Power secures shareholder approval for N4 final dividend at AGM
Transcorp Power has obtained shareholder approval for a final dividend of N4 per share during its Annual General Meeting. The move follows the company's recent operational performance and aims to reward investors for their stakes in the energy firm. The approval formalizes the payout process for the power generation company's shareholders.
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Business · ThisDay ·
Much Ado About Nigeria’s Rising Loan Profile
Nigeria's increasing debt levels have generated significant public discourse regarding the country's fiscal sustainability. The rising loan profile reflects ongoing borrowing trends used to fund infrastructure projects and budget deficits, leading to heightened scrutiny from economic analysts and stakeholders concerned about the long-term impact on the national economy.
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Business · Nairametrics ·
OML 42 case: Neconde discontinues ‘disruption approval suit’ against NUPRC
Neconde Energy Limited has officially discontinued its legal action against the Nigerian Upstream Petroleum Regulatory Commission concerning Oil Mining Lease 42. The suit had previously challenged regulatory decisions affecting operations at the oil field. This withdrawal ends the specific litigation over disruption approvals between the indigenous producer and the industry regulator.
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Business · BusinessDay ·Shea nut: Nigeria sees strong local value addition driving economy, strengthening global share
Nigeria is focusing on increasing local value addition within the shea nut sector to boost its national economy and expand its presence in the international market. By prioritizing domestic processing over raw exports, the country aims to strengthen its global market share and create sustainable economic growth through the agricultural commodity.
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Business · Daily Post ·Nigerian stock market bounces back with massive N3.2tn gain
The Nigerian stock market recorded a significant recovery as investors gained approximately N3.2 trillion in a recent trading session. This rebound marks a positive shift in market performance following previous declines, reflecting renewed investor confidence and increased trading activity within the domestic exchange.
Nigerian News
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