Business & Economy

CAC Moves To Update Insolvency Register, Warns Practitioners Of Suspension

adminOctober 14, 2026

The Corporate Affairs Commission (CAC) has warned that accredited insolvency practitioners who fail to complete its mandatory registration exercise by December 1, 2026, will face automatic suspension and become ineligible to handle insolvency assignments. In a public notice dated October 14, 2026, the Commission extended the re-registration requirement to all accredited practitioners, including those whose...

Nigeria’s $78.5bn Investment Drive Hinges On Power, Regulatory Reforms

adminOctober 14, 2026

Nigeria’s ambition to attract $78.5 billion in fresh investment will depend heavily on its ability to resolve electricity constraints, simplify business regulations and provide investors with predictable economic policies, the Federal Government has acknowledged. The government’s investment pitch to foreign investors in Bangkok, Thailand, has identified 65 projects requiring financing across energy, transport, agriculture, manufacturing...

Dangote Refinery Rakes In $4.7bn Profit In Nine Months, Wipes Out Debt Position

adminOctober 14, 2026

Dangote Petroleum Refinery and Petrochemicals recorded a net profit of $4.73 billion in the first nine months of 2026, reversing a $117.2 million loss posted during the same period last year, Channels Television has reported. The financial turnaround was accompanied by a shift in the company’s balance sheet, from a net debt of $1.73 billion...

IMF Rejects Petrol Subsidy Comeback, Urges Nigeria to Target Relief

adminOctober 14, 2026

The International Monetary Fund (IMF) has urged the Federal Government to resist pressure to reintroduce a general petrol subsidy, arguing that financial assistance should go directly to Nigerians struggling with rising living costs. Channels Television reported that, Rodrigo Valdés, Director of the IMF’s Fiscal Affairs Department, gave the advice during a briefing on the Fund’s...

Expert Urges Businesses To Build Customer Loyalty Beyond Repeat Sales

adminOctober 12, 2026

A sales and customer service expert, Dr Aderemi Victor Ademilua, has urged businesses to move beyond repeat sales and adopt customer-focused strategies that inspire trust, encourage referrals and turn satisfied customers into brand advocates. Ademilua said genuine customer loyalty depended not merely on how often consumers purchased from a business but on the quality of...

World Bank Outlines $5.79bn Investment Plan for Nigeria

adminOctober 12, 2026

The World Bank Group has outlined investment initiatives worth up to $5.79 billion across Nigeria’s key economic sectors, with a small-business financing programme projected to support 850,000 direct and indirect jobs. According to The Next Edition, the employment projection is tied to the Fostering Inclusive Finance for MSMEs in Nigeria programme, which is expected to...

N33bn Fruit Imports Expose Hurdles Facing Nigerian Farmers

adminOctober 12, 2026

Nigeria imported apples and strawberries worth approximately N33.03 billion in the first half of 2026, as local farmers continue to face inadequate agricultural support and difficulties transporting perishable produce to markets. Data from the National Bureau of Statistics (NBS), cited by Daily Trust, showed that apple imports accounted for N10.38 billion in the first quarter,...

NNPCL Says N66 Petrol Discount Predates FG’s Price Cut

adminOctober 9, 2026

The Nigerian National Petroleum Company Limited (NNPCL) says its N66-per-litre petrol discount was introduced before the Federal Government announced a separate price-reduction measure aimed at easing the impact of rising fuel costs. According to Daily Trust, NNPCL’s Chief Corporate Communications Officer, Andy Odeh, said the discount took effect on October 1 as part of activities...

Steel Target: Ministry Moves to End Scrap Dealers’ Strike

adminOctober 8, 2026

The Federal Government has moved to avert further disruption in Nigeria’s steel value chain as the Ministry of Steel Development urged scrap-metal dealers to suspend their industrial action and return to negotiations over grievances affecting their businesses. The appeal came as the ministry linked an early resolution of the dispute to the Federal Government’s ambition...

Eno Commissions Signature Bank Branch In Uyo, Assures Investors Of Stable Business Climate

adminOctober 7, 2026

Akwa Ibom State Governor, Pastor Umo Eno, has assured Signature Bank and other investors of a stable and business-friendly environment in the state, saying his administration will continue to strengthen infrastructure and policies that support private sector growth. Eno gave the assurance on Tuesday while commissioning the Uyo branch of Signature Bank, describing the establishment...

vvcwatch

Follow us:

vvcwatch

Momodu Questions Tinubu’s INEC Appointments Ahead of 2027 Election

Tinubu Gets Arewa Group’s Backing Ahead of 2027 Poll