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Business · The Punch ·Firms return to profit despite policy shifts – Report
A recent report reveals that several Nigerian companies have returned to profitability despite significant changes in economic policies. These firms have successfully navigated the shifting regulatory environment, indicating a level of resilience within the corporate sector amid ongoing fiscal adjustments and broader macroeconomic challenges facing the national economy.
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Business · The Punch ·
NEPC boss ties export future to female entrepreneurs
The Executive Director of the Nigerian Export Promotion Council has identified female entrepreneurs as a critical factor for the growth of the country's export sector. He emphasized their importance in driving economic diversification and increasing Nigeria's non-oil export earnings in the coming years.
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Business · The Punch ·
East Africa attracts $4.1bn investment amid reforms
East Africa has secured approximately $4.1 billion in capital investments, a development attributed to ongoing economic and regulatory reforms within the region. These policy changes have increased investor confidence, positioning the territory as a significant destination for foreign direct investment aimed at stimulating regional economic growth and infrastructure development.
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Business · The Punch ·
Firms renew pact to drive women empowerment
Corporate entities have re-established a strategic partnership aimed at promoting female empowerment initiatives. This collaboration focuses on enhancing opportunities for women through shared commitments and professional development programs within the Nigerian business landscape to foster economic inclusion and gender equality.
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Business · The Punch ·
Capital, trust, tech to drive SME growth – Regent MfB CEO
The Chief Executive Officer of Regent Microfinance Bank identifies capital investment, trust, and technological adoption as the essential drivers for small and medium enterprise growth. These factors are highlighted as critical components for Nigerian businesses to scale operations and improve service delivery in a competitive economic environment.
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Business · ThisDay ·Governing The Economy: Choices, Trade-Offs And National Priorities 1
Nigeria's economic governance requires a strategic approach to decision-making, focusing on the trade-offs and national priorities necessary for growth. The discourse examines the critical policy choices facing the government as it navigates fiscal and monetary challenges to ensure long-term stability and development across various sectors of the federation.
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Business · Daily Trust ·
UAE OPEC exit: Nigeria under pressure to raise output
Recent developments regarding the United Arab Emirates' potential exit from OPEC have placed Nigeria under significant pressure to increase its national crude oil production. As the global energy landscape shifts, the Nigerian government and petroleum sector are being urged to ramp up output to address potential supply gaps in the market.
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Business · ThisDay ·
FROM PORTS TO FOOD
Nigeria's economic focus is shifting from port-centered logistics and maritime infrastructure toward agricultural development and domestic food production. This transition aims to enhance national food security and reduce dependence on imports by strengthening the local supply chain and processing capabilities across various agricultural sectors.
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Business · ThisDay ·
BANK SCAMS AND THE INSIDERS
Financial institutions in Nigeria are increasingly concerned with fraudulent activities facilitated by internal employees. These insider scams exploit banking systems and undermine customer security, highlighting the need for more robust internal controls and oversight to protect the integrity of the national financial sector.
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Business · ThisDay ·
NIMENA Pushes for Indigenous Classification Body to Strengthen Nigeria’s Maritime Technical Sovereignty
The Nigerian Institution of Marine Engineers and Naval Architects is advocating for the establishment of a domestic classification society. This initiative aims to enhance the country's maritime technical independence and reduce reliance on foreign entities for vessel certification and standards, ultimately bolstering Nigeria's sovereignty within the global shipping industry.
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Business · Daily Trust ·
The poverty paradox: Why Nigerians are getting poorer
Nigeria is currently facing a significant economic challenge as citizens experience increasing levels of poverty. The situation involves various structural and economic factors that contribute to the declining standard of living across the nation despite its wealth of natural resources and human potential for growth.
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Business · Daily Trust ·
Analysts: Single-digit inflation feasible despite Middle East crisis
Economic experts suggest that achieving single-digit inflation in Nigeria remains a realistic goal despite the ongoing geopolitical tensions in the Middle East. These analysts maintain that internal fiscal measures and monetary policies could counteract external pressures on the national economy, ensuring price stability remains within a manageable range for the country.
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Business · Daily Trust ·
STL Trustees surpasses N2bn recapitalisation threshold
STL Trustees has successfully exceeded the N2 billion recapitalisation threshold, reinforcing its financial position within the Nigerian trusteeship industry. This development demonstrates the firm's compliance with regulatory standards and its readiness to handle larger transaction volumes while ensuring stability and growth in its service delivery to clients.
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Business · Daily Trust ·
Glovo, others seek collaboration to boost small businesses
Glovo and other industry stakeholders are advocating for enhanced collaboration to support the growth of small businesses. The initiative focuses on leveraging partnerships to provide digital resources and market access, aiming to strengthen the operational capabilities and economic impact of local enterprises in the Nigerian market.
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Business · Daily Trust ·
FG unveils books, toolkits to ease business under AfCFTA
The Federal Government has introduced a series of books and toolkits designed to facilitate smoother business operations within the African Continental Free Trade Area. These resources aim to provide guidance and simplify trade processes for Nigerian enterprises looking to expand their presence across the continent.
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Business · BusinessDay ·Five hurdles before Nigeria’s incoming Power Minister
Nigeria's newly appointed Power Minister faces five significant challenges critical to stabilizing the nation's electricity sector. These obstacles represent key areas requiring urgent intervention to improve energy distribution and overcome systemic inefficiencies that have historically hampered the country's power supply and economic growth objectives.
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Business · BusinessDay ·BusinessDay 29th Apr 2026
BusinessDay published its daily news edition on April 29, 2026, focusing on economic and corporate developments across Nigeria. The publication offers updates on financial market performance, government fiscal policies, and industrial trends, serving as a primary source for investors and business professionals seeking information on the nation's commercial landscape.
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Business · Vanguard ·Naira appreciates to N1,390/$ in parallel market
The Nigerian Naira has experienced a gain in value against the United States Dollar, reaching a rate of N1,390 in the parallel market. This appreciation reflects recent shifts in the informal foreign exchange sector as the local currency continues to fluctuate against major international benchmarks across the country.
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Business · BusinessDay ·Lagos eyes 2027 take-off for first state-licensed power plants
Lagos State expects its first independent power plants to begin operations by 2027 following the decentralization of Nigeria's electricity sector. The initiative aims to enhance the state's energy capacity and improve power distribution through a new regulatory framework tailored to local infrastructural needs.
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Business · BusinessDay ·Nigeria targets $92bn crypto flows in offshore oversight test
Nigeria is seeking to implement regulatory oversight over approximately $92 billion in cryptocurrency transactions. This move serves as a critical test for the country's ability to monitor offshore digital asset flows while aiming to enhance transparency and financial stability within its rapidly expanding digital economy.
Nigerian News
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