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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.
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Business · BusinessDay ·Investors pile into Nigerian Eurobonds as yields fall to 6.89%
Investors are increasingly acquiring Nigerian Eurobonds as yields declined to 6.89 percent. This surge in demand reflects shifting market sentiment toward Nigeria's international debt instruments. The decrease in yields suggests a rise in bond prices as international and local investors strengthen their positions in the country's sovereign debt market.
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Business · Vanguard ·THE ELEPHANT WITH A HUMAN HEART: Why Mike Adenuga inspires more than he impresses
Nigerian billionaire Mike Adenuga is profiled regarding his professional legacy and personal impact within the Nigerian business environment. The analysis explores his reputation for philanthropy and leadership, suggesting that his character and contributions to various sectors serve as a source of inspiration for many people across the country.
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Business · The Punch ·Two CEOs get $8,000 to boost businesses
Two Chief Executive Officers have received a total of $8,000 in funding to enhance their business operations. This financial support aims to scale their respective enterprises and drive growth within their sectors. The initiative highlights ongoing efforts to provide capital to entrepreneurs in the Nigerian business landscape.
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Business · Vanguard ·Ofor urges policy reforms, youth participation in economic planning
Ofor has advocated for comprehensive policy reforms and the active inclusion of young people in Nigeria's economic planning processes. The call emphasizes that integrating youth perspectives into national strategy is essential for achieving sustainable development and addressing current economic challenges through more inclusive and structured policy adjustments.
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Business · Daily Post ·Blue-chip stocks push Nigerian exchange market to massive N1.365 loss
Heavy declines in blue-chip stocks have driven a significant downturn in the Nigerian exchange market. As a result, the financial market recorded a substantial decline, culminating in a reported loss of N1.365. The negative performance of these major equities heavily impacted the overall national trading metrics.
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Business · Nairametrics ·
NGX: Investors dump banking stocks, losing N1.3 trillion on dividend concerns
Investors on the Nigerian Exchange have significantly sold off their shares in the banking sector, resulting in a total market loss of N1.3 trillion. This substantial decline is primarily driven by growing apprehensions regarding future dividend payouts from these financial institutions.
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Business · BusinessDay ·Nigeria’s import bill: which sectors gain from new tariff changes
Recent adjustments to Nigeria's import tariffs are expected to affect the national import bill and impact various industries differently. An analysis highlights specific economic sectors poised to benefit from the newly implemented trade policies and tariff structures.
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Business · Nairametrics ·
Nigeria records highest-ever stock market participation in a quarter
Nigeria recently recorded its highest level of stock market participation for a single quarter. The milestone reflects a significant increase in investor engagement within the domestic financial markets, marking an unprecedented period of activity for the national exchange.
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Business · Vanguard ·OPay Leads the Conversation on Africa’s Next Financial Frontier at BusinessDay Fintech Summit 2026
OPay took a prominent role in discussions regarding the future of finance in Africa during the BusinessDay Fintech Summit 2026. The financial technology company spearheaded dialogues exploring emerging market opportunities and innovations expected to shape the economic landscape of the continent.
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Business · PM News ·
Oil surges past $110 as Iran tensions threaten global supply
Global crude oil prices have exceeded the $110 mark driven by escalating geopolitical tensions involving Iran. Market apprehensions regarding potential disruptions to the international energy supply chain have directly contributed to this significant price increase.
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Business · Leadership News ·
Marine Firm Slaps N771m Suit On AGF, Navy, Others Over Damaged Vessel
A marine company has filed a 771 million naira lawsuit against the Attorney General of the Federation, the Nigerian Navy, and other related parties. The legal action was initiated to seek financial compensation for damages inflicted on the firm's vessel.
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Business · Nairametrics ·
FGN bond auction attracts N948 billion bids across three maturities
A recent Federal Government of Nigeria bond auction drew significant investor interest, accumulating N948 billion in bids. The financial subscriptions were spread out across three different maturity categories, reflecting active participation in the national debt market.
Nigerian News
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