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Business · Channels TV ·Bank Of Japan Hikes Inflation Forecast, Holds Interest Rates
The Bank of Japan has revised its inflation forecast upwards while deciding to maintain its current interest rates. The central monetary authority opted to hold borrowing costs steady despite anticipating higher consumer price levels in the Asian nation's economy.
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Business · BusinessDay ·Big deals mask shrinking seed funding across Africa’s startup ecosystem
Large investment transactions are currently obscuring a significant decline in seed funding within the African startup ecosystem. Despite the presence of major financial agreements, early-stage companies across the continent are facing increasing difficulties in securing the foundational capital required to launch and grow their operations.
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Business · BusinessDay ·Fusewall buys Coloplus to expand Nigeria’s telecom infrastructure footprint
Fusewall has acquired Coloplus in a corporate transaction intended to expand the footprint of telecommunications infrastructure across Nigeria. The buyout represents a strategic effort to enhance physical network assets and operational reach within the domestic telecommunications sector.
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Business · BusinessDay ·Champion Breweries’ profit slows to N881.5m on rising cost
Champion Breweries has experienced a deceleration in its financial performance, with its profit slowing to 881.5 million Naira. The reduction in the brewing company's earnings is directly attributed to the negative impact of rising operational expenses.
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Business · Vanguard ·80% of businesses owned by women lack access to formal credit — FG
The Federal Government has reported that eighty percent of female-owned businesses currently operate without access to formal credit. This statistic highlights a significant financial barrier for women entrepreneurs seeking funding, indicating a widespread lack of institutional support to sustain their commercial operations.
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Business · BusinessDay ·UBA targets dividend return in 2026 as loan recoveries improve
United Bank for Africa plans to resume dividend payments by the year 2026. The financial institution bases this strategic target on recent improvements in its overall loan recovery processes, highlighting ongoing efforts to stabilize operations and restore direct financial returns to investors.
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Business · Premium Times ·United Capital Group completes recapitalisation of SEC-regulated subsidiaries over a year ahead of deadline
United Capital Group has successfully completed the recapitalisation process for its subsidiaries regulated by the Securities and Exchange Commission. The corporate institution achieved this mandatory regulatory requirement more than a full year ahead of the official scheduled deadline.
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Business · The Punch ·German petrol price control law has backfired — Economists
Economists indicate that a legislative measure implemented in Germany to regulate the cost of petrol has failed to achieve its intended objectives. Financial experts suggest that the price control policy has resulted in unintended negative economic consequences rather than effectively stabilizing fuel markets.
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Business · Daily Trust ·
Fuel: From N2.1m in January, we now spend N7.6m on every flight – Ibom Air
The management of Ibom Air has disclosed a massive surge in aviation fuel expenses, reporting that the cost to fuel a single flight increased from 2.1 million Naira in January to 7.6 million Naira. The significant rise reflects the escalating operational costs currently affecting the Nigerian aviation sector.
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Business · The Punch ·
NGX extends trading hours, market now closes at 4pm
The Nigerian Exchange Group has announced an extension of its daily trading hours. With this new operational schedule, activities on the stock market will now conclude at 4:00 PM. The adjustment alters the daily closing time, allowing market participants an extended window to conduct their financial transactions.
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Business · BusinessDay ·Meet Nabilah Sani-Mohammed, the amazon bridging Nigeria’s energy gap with private capital
Nabilah Sani-Mohammed is leading initiatives to address Nigeria's ongoing energy deficit through the strategic use of private capital. Her work focuses on attracting and deploying private investments to improve the nation's energy infrastructure and provide more reliable power solutions.
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Business · BusinessDay ·Shareholders cheer Nigerian Breweries on strong recovery, improved profitability
Shareholders of Nigerian Breweries have expressed satisfaction with the company's recent financial performance, highlighting its strong recovery and enhanced profitability. The positive reaction follows the brewing company's ongoing efforts to stabilize operations and improve financial returns for its investors.
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Business · The Punch ·
Fires destroy ₦500m onion stocks in Sokoto
Multiple fires in Sokoto State have completely destroyed onion stockpiles valued at five hundred million naira. The incidents have caused substantial financial losses within the local agricultural sector, wiping out a significant portion of the region's commercial produce and affecting local investments.
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Business · BusinessDay ·Nigeria is producing graduates faster than it produces jobs. The gap is not a talent deficit. It is a policy failure
Nigeria currently produces graduates at a significantly faster rate than it creates employment opportunities. BusinessDay reports that this widening unemployment gap stems primarily from systemic policy failures rather than any lack of talent or skills among the nation's young workforce.
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Business · Channels TV ·
Nigeria’s External Reserves Reverse Earlier Gains
Nigeria's external reserves have experienced a recent decline, effectively wiping out the positive growth recorded in previous periods. Financial indicators show a downward trend in the country's foreign exchange buffers, reversing the earlier upward momentum.
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Business · BusinessDay ·Nigeria’s private sector faces demand strain, cost pressures in 2026 outlook
Projections for Nigeria's private sector in 2026 indicate significant economic challenges. Businesses are expected to experience a strain on consumer demand alongside rising operational costs. These combined pressures highlight ongoing difficulties within the national commercial landscape as companies navigate future financial forecasts.
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Business · BusinessDay ·FG import policy to ease AfCFTA implementation — Don
An academic expert has indicated that the Nigerian Federal Government's recent import policy will facilitate the smoother implementation of the African Continental Free Trade Area agreement. The adjustment in trade regulations is anticipated to support the nation's participation and integration into the broader continental economic framework.
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Business · Leadership News ·
Eno Advocates Independent Businesses To Reduce Akwa Ibom Unemployment
Umo Eno is encouraging the establishment of independent businesses as a strategy to combat unemployment in Akwa Ibom. By promoting entrepreneurship and private enterprises, the advocacy aims to create more job opportunities and foster economic growth within the state.
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Business · Leadership News ·
Marine Firm Slams N771m Suit On AGF, Navy, Others Over Damaged Vessel
A maritime firm has filed a 771 million Naira lawsuit against the Attorney General of the Federation, the Nigerian Navy, and other unnamed defendants. The legal action was initiated to seek financial compensation for damages allegedly inflicted upon a marine vessel owned by the company.
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Business · Vanguard ·How to Estimate Demand Before Launching a Product (Using Public Traffic Data)
Entrepreneurs and businesses can utilise public traffic data to evaluate potential market demand prior to introducing a new product. Analysing these available digital metrics allows creators to assess consumer interest and product viability, effectively guiding their strategic planning and reducing risks associated with upcoming market launches.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.