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Business · Nairametrics ·Paris Club refund: FG, Ned Nwoko, others to settle promissory notes dispute
The Federal Government of Nigeria, Ned Nwoko, and other related parties are preparing to resolve their ongoing dispute concerning promissory notes tied to the Paris Club refund. This upcoming settlement aims to address the financial disagreements existing between the government and the stakeholders involved in the refund process.
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Business · The Punch ·Economists call for cash support to protect poor from fuel hikes
Economic experts are advocating for direct financial assistance to shield low-income populations from the economic impacts of rising fuel prices. The proposed cash support aims to mitigate the financial hardship experienced by vulnerable citizens following the upward adjustments in the cost of energy.
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Business · Leadership News ·
Global Trade Grows in 2025 on 11% Manufacturing Surge, But Risks Loom – UNCTAD
Global trade is projected to expand in 2025 following an eleven percent surge in the manufacturing sector. Despite this positive economic forecast, the United Nations Conference on Trade and Development cautions that significant underlying risks continue to threaten international markets.
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Business · BusinessDay ·Aviation costs unsustainable despite debt relief, CPPE warns
The Centre for the Promotion of Private Enterprise has cautioned that current operational costs in the aviation sector remain unsustainable. Despite recent debt relief measures provided to the industry, the organization emphasizes that these high expenses continue to pose a significant threat to overall financial stability.
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Business · Daily Post ·OPay leads conversation on Africa’s next financial frontier at BusinessDay Fintech Summit 2026
Financial technology firm OPay spearheaded discussions about the future of the African financial sector during the BusinessDay Fintech Summit 2026. The company guided key conversations focused on exploring the next major developments, innovations, and economic opportunities within the financial frontier across the continent.
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Business · Daily Post ·Consumers get N155m electricity billing refund – NERC
The Nigerian Electricity Regulatory Commission has announced a refund of 155 million Naira to electricity consumers. The reimbursement addresses concerns regarding electricity billing, ensuring that affected customers recover their funds following regulatory intervention.
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Business · BusinessDay ·Mo’ Afrique factory drive targets Nigeria’s $6bn clothing import gap
Mo' Afrique has launched a factory initiative aimed at addressing Nigeria's significant six billion dollar clothing import deficit. By boosting local manufacturing capabilities, the company seeks to capture a portion of this massive market and reduce the country's heavy reliance on foreign apparel.
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Business · BusinessDay ·Food production recovery tied to resolving land disputes, insecurity
The recovery of agricultural output in Nigeria depends heavily on finding lasting solutions to ongoing land conflicts and broader security challenges. Resolving these territorial and safety issues is considered a necessary step to stabilize the agricultural sector and improve national food supplies.
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Business · Nairametrics ·
Nigerian crude oil surges on Iran stalemate and blocked Hormuz Strait
The value of Nigerian crude oil has experienced a significant increase driven by escalating international geopolitical tensions. This upward trend in oil prices is directly attributed to an ongoing stalemate involving Iran and a resulting blockade at the strategic Strait of Hormuz, which has disrupted global energy supply chains.
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Business · Leadership News ·
Prioritise Push For Refineries’ Revival, Dangote Ties, Outlets Owners Task New NUPENG Leader
Petroleum retail outlet owners have called on the newly appointed leadership of the Nigeria Union of Petroleum and Natural Gas Workers to prioritize the revitalization of local refineries. The union leader was also urged to foster strong strategic relationships with the Dangote Refinery to support the domestic petroleum sector.
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Business · Channels TV ·
Dollar Unstable As Traders Assess Stumbling US-Iran Talks
Currency markets are experiencing fluctuations with the United States dollar displaying instability. Financial traders are closely monitoring and reacting to the lack of progress in ongoing diplomatic negotiations between the United States and Iran, which continues to impact global market sentiments.
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Business · Vanguard ·VANGUARD ECONOMIC DISCOURSE: How Nigeria can reverse N2.5trn Agric export deficit — Gadain
Speaking at the Vanguard Economic Discourse, an expert named Gadain outlined strategies for Nigeria to address and reverse its significant agricultural export deficit, currently valued at 2.5 trillion naira. The presentation focused on economic interventions needed to boost the national agricultural trade balance.
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Business · Premium Times ·Africa Prudential, BUA Cement, Mutual Benefits top stock pick this week
Africa Prudential, BUA Cement, and Mutual Benefits have emerged as the top stock picks for investors this week. Analysts are currently highlighting these specific corporate equities as notable investment choices within the Nigerian financial market for the current trading period.
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Business · Vanguard ·Inside Nigeria’s pension system scandal
An examination of the Nigerian pension system reveals details surrounding a major operational scandal. The situation highlights significant administrative and financial irregularities within the sector, pointing to systemic flaws in the management of retirement funds and raising concerns about oversight mechanisms across the nation.
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Business · Leadership News ·
Edo High Court Acquits DHL Manager Over Missing UK-Bound Parcel
A high court in Edo State has cleared a DHL manager of charges related to a missing package destined for the United Kingdom. The judicial decision formally resolves the legal allegations against the corporate logistics manager regarding the lost international shipment.
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Business · Vanguard ·UBA assets hit N33trn, sustain growth momentum into Q1’26
United Bank for Africa has reached a significant financial milestone, with its total assets climbing to thirty-three trillion Naira. The financial institution continues to demonstrate strong performance, sustaining its upward growth momentum as it heads into the first quarter of 2026.
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Business · Channels TV ·Oil Rises, Stocks Swing As Peace Talk Hopes Wobble
Global oil prices have increased while stock markets are experiencing notable volatility due to growing uncertainty surrounding ongoing peace negotiations. Financial markets are directly reacting to fading optimism regarding a potential diplomatic resolution, which has triggered fluctuating equities and a rise in energy costs.
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Business · BusinessDay ·Zenith’s rally beats peers as investors pile into bank stocks
Zenith Bank's stock market performance has outpaced its competitors amidst a broader trend of investors heavily purchasing shares in the banking sector. The surge highlights an increased market interest in banking stocks, with Zenith leading the current financial rally on the trading floor.
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Business · ThisDay ·
JRB Charts National Revenue Growth Modeling Lagos’ N1.7trn Blueprint
JRB has proposed a strategy to enhance Nigeria's national revenue growth by utilizing the 1.7 trillion Naira economic blueprint of Lagos State as a framework. The initiative suggests that replicating this regional financial model could serve as a viable template for boosting the country's overall economic performance.
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Business · ThisDay ·
NNPCL AND THE FUTURE OF NIGERIA
An exploration of the Nigerian National Petroleum Company Limited highlights its critical role in shaping the country's economic trajectory. The focus centers on the state-owned corporation's strategic operations, potential industry reforms, and overall impact on national development and long-term sustainability.
Nigerian News
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