Business & Economy

Nigeria Set For Frontier Market Return As FTSE Russell Names Dangote Cement, Nine Others as Eligible Large-Cap Stock

adminSeptember 3, 2026

Nigeria is set to regain its place on the global Frontier Market map after a three-year absence, with FTSE Russell announcing the inclusion of 10 Nigerian companies in its Frontier Index Series. The development comes ahead of the country’s formal return to Frontier Market status on September 21, 2026, potentially improving the visibility of Nigerian...

HBM Nigeria Expands CNG Use To Promote Cleaner Energy

adminSeptember 3, 2026

HBM Nigeria Plc has stepped up its drive to promote cleaner energy with the commissioning of a high-capacity Compressed Natural Gas (CNG) station at its Mfamosing Plant in Cross River State, as the company moves to reduce its reliance on conventional fuels in its logistics operations. The facility, which began operations with the capacity to...

Uber Exits Nigeria After Business Review, Ends Ride-Hailing Service

adminSeptember 2, 2026

Uber has ended its ride-hailing operations in Nigeria, bringing its service to an immediate close on Wednesday, September 2, after the company conducted a review of its business in the country. The company communicated the decision to its drivers in a notice on Wednesday, informing them that they would no longer receive requests for trips...

Wike: FCT To Complete All Tinubu-Initiated Projects Before Tenure Ends

adminSeptember 2, 2026

The Federal Capital Territory Administration has set a completion target for all projects initiated under President Bola Tinubu, with Minister Nyesom Wike assuring that none would be left unfinished before the expiration of the administration’s tenure. Wike disclosed this during a media chat in Port Harcourt, Rivers State, saying the FCT had recorded substantial progress...

Oil Prices Climb Above $95 As US-Iran Conflict Threatens Gulf Sipplies

adminSeptember 2, 2026

Global oil prices have risen sharply following renewed military exchanges between the United States and Iran, with investors increasingly concerned that the conflict could affect crude shipments through the Strait of Hormuz, a major route for international energy supplies. Brent crude climbed above $95 per barrel, while US West Texas Intermediate also recorded gains. The...

FG: $2bn CNG Investment To Cut Transport Costs

adminSeptember 1, 2026

The Federal Government says more than $2 billion in private-sector investment has been secured to expand Compressed Natural Gas (CNG) infrastructure and accelerate the transition to cheaper and cleaner transportation across Nigeria. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the investment was already driving the expansion of refuelling facilities, vehicle conversion centres...

Eket Branch: Eno Tasks Fidelity Bank On TSA, VAT Account Compliance

adminSeptember 1, 2026

Idara Jerome, Eket Akwa Ibom State Governor, Pastor Umo Eno, has tasked Fidelity Bank Plc with sustaining its collaboration with the state government on the Treasury Single Account (TSA), particularly in the management of the state’s Value Added Tax (VAT) account. The governor also cautioned the bank against allowing the opening of unauthorised revenue-holding accounts...

Energy firms invest $4million for expansion of solar mini-grids in Nigerian states

adminAugust 31, 2026

In attempts to ensure expansion and access to renewable energy in Nigeria, All On and Energise Africa, EA, say they have invested a total of $4 million for the development and deployment of solar-powered mini-grids across 19 communities in Jigawa and Bauchi States. In a statement made available to newsmen in Uyo on Monday, the...

Fair Finance Coalition Tasks CBN, National Assembly On Stronger Banking Regulation

adminAugust 28, 2026

Idongesit Mishael, Uyo The Central Bank of Nigeria (CBN) and the National Assembly have been urged to strengthen regulation and oversight of financial institutions to ensure that banks’ lending and investment decisions do not undermine the environment, human rights and livelihoods of host communities. The call was made Friday by the Fair Finance Nigeria Coalition...

Nigeria drops to 56th in Global Finance ranking of poorest countries

adminAugust 25, 2026

Nigeria has slipped to 56th position among the world’s 60 poorest countries measured by GDP per capita at purchasing power parity (PPP), according to a 2026 ranking by Global Finance magazine. The country recorded a GDP per capita of $9,532.92, down from 44th position in the 2025 ranking, placing Nigeria among a group dominated by...