Business & Economy

“Airports Play A Defining Role In Economic Growth” — Akwa Ibom CPS

adminOctober 22, 2026

Chief Press Secretary to Governor Umo Eno, Mr Ekerete Udoh, has said the Victor Attah International Airport (VAIA) is central to efforts to reduce Akwa Ibom State’s dependence on oil revenue by expanding opportunities in tourism, aviation and other businesses. Udoh, who spoke during the Ministerial Media Briefing in Uyo, urged journalists to examine the...

Makinde Gets Assembly Nod for ₦100bn Borrowing as Oyo Reworks ₦300bn Debt

adminOctober 21, 2026

Oyo State lawmakers have endorsed a new round of infrastructure financing by Governor Seyi Makinde, approving a ₦100 billion loan alongside a plan to renegotiate the terms of an existing ₦300 billion contractors’ facility. The decision followed deliberations at the State House of Assembly on Wednesday, where members made the case for completing major public...

Dangote Expands East African Reach With $327m Kenya Pipeline Deal

adminOctober 21, 2026

Aliko Dangote has acquired a stake worth $327 million in Kenya Pipeline Company (KPC), adding a major petroleum transportation asset to his business interests as he pursues plans for a refinery in the East African country. Business Day reported that the transaction involved 4.5 billion KPC shares valued at 42.5 billion Kenyan shillings, equivalent to...

Dangote Refinery IPO: N50,000 Investors To Get Special Consideration

adminOctober 21, 2026

Aliko Dangote has signalled a preference for small-scale investors in the planned public share sale of his refinery, with applicants seeking to invest N50,000 or less set to receive priority. The billionaire businessman made the disclosure at an investment roadshow in Port Harcourt, Rivers State, where the proposed initial public offering (IPO) was discussed, The...

Jio IPO Draws Strong Demand as Ambani Pushes Beyond Oil

adminOctober 21, 2026

Mukesh Ambani’s Reliance Industries is advancing its ambitions in the technology sector as its digital subsidiary, Jio Platforms, attracts strong demand from investors ahead of a potentially record-breaking stock market debut in India. The initial public offering (IPO) of Jio Platforms received bids for all 197.5 million shares available within 100 minutes of opening on...

Musk, Dangote Explore New Wealth-Building Path Through Share Giveaway Plans

adminOctober 20, 2026

Billionaires Elon Musk and Aliko Dangote are drawing attention to a different approach to wealth creation, with proposals and programmes designed to give ordinary citizens a stake in major businesses. Musk has pledged to give every American child one share in SpaceX, a proposal that could involve approximately 72 million minors and an estimated $10.5...

FG Targets 250 Listed Companies, Plans Incentives to Attract Private Businesses

adminOctober 20, 2026

The Federal Government is planning to introduce incentives to persuade more privately owned businesses to raise funds through the Nigerian Exchange Limited (NGX), as part of a broader strategy to expand the country’s capital market. Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed the plan on Monday at the 2026 National Capital...

Oyedele Sets Conditions for Nigeria’s Planned Fuel Taxes

adminOctober 19, 2026

Finance Minister Taiwo Oyedele has linked the proposed introduction of fuel taxes in Nigeria to improved economic conditions, saying the government must first ensure that households are better positioned to bear the additional costs. The policy, according to The Sun, is intended to generate revenue for road development and strategic fuel reserves, which could help...

Nigeria’s Food Import Bill Rises 11% to $1.19bn in First Half of 2026

adminOctober 18, 2026

Nigeria’s drive to strengthen domestic food production has yet to translate into a reduction in foreign spending on imported food, as the country recorded a $1.19 billion import bill in the first six months of 2026. Figures from the Central Bank of Nigeria’s (CBN) Second-Quarter 2026 Statistical Bulletin show that the amount spent on food...

Akwa Ibom Tech Week Targets Job Creation, Plans Career Fair For Local Talents

adminOctober 16, 2026

Idara Jerome, Uyo Akwa Ibom Tech Week is seeking to close the gap between unemployed technology talents and organisations searching for skilled workers, with a career fair planned as part of efforts to convert the state’s growing pool of innovators into economic opportunities. The initiative will bring job seekers, recruiters and businesses together during its...

vvcwatch

Follow us:

vvcwatch

Dangote Targets Southern Africa Energy Market With Namibia Storage Project

Police Threaten Arrest Of Political Thugs Over Campaign Material Destruction