Business & Economy

Tinubu Unveils $78.5bn Investment Pipeline, Seeks Private Capital For 65 Projects

adminOctober 16, 2026

President Bola Tinubu has unveiled a pipeline of 65 investment projects seeking $78.5 billion in funding, urging Nigerian and international investors to commit capital to ventures expected to create jobs and expand economic opportunities. The announcement came alongside the World Bank Group’s plan to mobilise up to $5.79 billion in private financing for Nigeria, with...

Fani-Kayode Recalls Failed Bid to Secure Nigeria Airways Pension Payments

adminOctober 15, 2026

Former Aviation Minister Femi Fani-Kayode has disclosed that a proposal to pay former Nigeria Airways workers their outstanding pensions was rejected by the Federal Executive Council in 2006, despite his support for settling the obligations. Fani-Kayode said he presented the memo while serving as aviation minister but lost the argument to cabinet members who opposed...

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...

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