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BUSINESSOct 5NPA moves to cut export bottlenecks, targets forex inflowsBy Godwin Oritse The Nigerian Ports Authority (NPA) has stepped up efforts to remove bottlenecks hampering Nigeria’s non-oil exports, with a renewed push to expand export channels, improve cargo processing and boost foreign exchange inflows into the economy. The Managing Director of the NPA, Dr. Abubakar Dantsoho, disclosed this at the 21st Abuja International Trade […] The post NPA moves to cut export bottlenecks, targets forex inflows appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5Ibom Air, Etihad sign deal to connect five Nigerian cities to global networkTickets combining Etihad and Ibom Air services are expected to become available from 3 November 2026, ahead of the commencement of Etihad’s Lagos and Accra services in March 2027. The post Ibom Air, Etihad sign deal to connect five Nigerian cities to global network appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 5Nigeria’s industrial hub ambition hinges on competitive operating environment – MANBy Yinka KolawoleNigeria’s ambition to become Africa’s industrial hub will depend on its ability to lower production costs, attract manufacturing investment, create jobs and deepen domestic value addition, rather than simply increase the volume of goods produced locally, President of the Manufacturers Association of Nigeria (MAN), Francis Meshioye, has said.Meshioye said a competitive manufacturing sector […] The post Nigeria’s industrial hub ambition hinges on competitive operating environment – MAN appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5Nigeria climbs four places in Bloomberg rankingCountry now eighth most investable African economy By Yinka Kolawole LAGOS — Nigeria has emerged as the biggest climber among major African economies in the 2026 Bloomberg Economics Investment Risk-O-Meter, rising four places to eighth position on the back of improved economic, fiscal and external indicators. The latest scorecard, which assesses the relative investability of […] The post Nigeria climbs four places in Bloomberg ranking appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5Customs auctions 22,175 litres of seized petrolProducts, five vehicles valued at N32m By Godwin Oritse LAGOS — The Nigeria Customs Service has auctioned 22,175 litres of Premium Motor Spirit, PMS, seized along the Lagos-Ogun border corridor as part of its efforts to curb cross-border petroleum smuggling. The public auction was conducted on Monday at the Customs Training College, Ikeja, and involved […] The post Customs auctions 22,175 litres of seized petrol appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5SEDC: Our vision is to make S/East preferred investment destination in Africa by 2035 – Okoye…Urges Igbo Businessmen to think home Managing Director of the South East Development Commission (SEDC), Mark Okoye, has said the Commission’s vision is to make the South-East the preferred investment destination in Africa by 2035. Okoye made the disclosure while delivering his remarks at the 10th anniversary of De Pinnacle International Social Club on Sunday […] The post SEDC: Our vision is to make S/East preferred investment destination in Africa by 2035 – Okoye appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5Zenith, Fidson, NEM top stock pick this weekThis is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions. The post Zenith, Fidson, NEM top stock pick this week appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 5NNPC revenue plunges by N10.6trn in 2025NNPC Limited’s group revenue fell sharply by N10.56 trillion in 2025, largely driven by a steep 77.6 per cent decline in petroleum products revenue, according to its 2025 audited financial report. The post NNPC revenue plunges by N10.6trn in 2025 appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 5Behind Every Trusted Online Payment: The Intelligence Securing Digital Commerce By MastercardFor a consumer in Lagos paying online or a business accepting a digital payment in Abuja, a transaction takes only seconds, but a complex web of technology works in real time behind the scenes to verify its legitimacy. As Nigeria's digital payments ecosystem expands rapidly, bolstered by Mastercard’s 2026 SME Confidence Index finding that 100% of surveyed Nigerian SMEs view digital payments as vital, with 42% accepting online payments and 57% operating across omnichannel fronts, the regulatory landscape is keeping pace. The post Behind Every Trusted Online Payment: The Intelligence Securing DiVanguard Nigeria
BUSINESSOct 5FG risks N21bn revenue loss to illegal charter operationsBy Dickson Omobola Strong indications have emerged that Federal Government may have lost an estimated N21 billion in statutory revenue from illegal private charter operations between January 2025 and September 2026. The estimate is based on an earlier projection of N120 billion in losses over a decade, assuming the losses accrued evenly over the period. […] The post FG risks N21bn revenue loss to illegal charter operations appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5NNPC, accounting for fuel subsidy, By Uddin IfeanyiI am not an accountant, so my opinion on the NNPC’s recently released 2025 annual financial report is a qualified one. It matters, therefore, that PwC, the audit and assurance firm, which signed off on the report has no doubt that it represents a true and fair view of the corporation’s performance under the country’s […] The post NNPC, accounting for fuel subsidy, By Uddin Ifeanyi appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 5Gas and oil: the secrets of QatarEnergy's expansion strategy in AfricaFragilisé par des contraintes opérationnelles majeures consécutives au conflit au Moyen-Orient, le géant du Golfe se cherche de nouveaux relais de croissance et s’appuie sur des projets africains à « fort impact ».Jeune Afrique
BUSINESSOct 5Shettima flags off women’s business support fund in Katsina as govt approves additional N4bnVice President Kashim Shettima says more than 40,000 women are to receive business capital under the Nigeria for Women Programme Scale-Up, while Governor Dikko Radda says Katsina has contributed over N4 billion and approved another N4 billion for the programme. The post Shettima flags off women’s business support fund in Katsina as govt approves additional N4bn appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 5WATCH LIVE: Lands CS Alice Wahome addresses Dangote Oil Refinery land issueLands CS Alice Wahome addresses Dangote Oil Refinery land issuecitizen_digital · kenya
BUSINESSOct 5Dollar to Naira exchange rate today, October 5, 2026The Nigerian Naira maintained a stable posture across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market as trading commenced for the week. The post Dollar to Naira exchange rate today, October 5, 2026 appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 530% value addition bill could create 1.2m jobs — RMRDCThe Raw Materials Research and Development Council, RMRDC, has projected that the proposed 30 per cent mandatory value addition to Nigerian raw materials before export could generate more than 1.2 million skilled jobs within five years. The council said the proposed measure would also promote import substitution, conserve foreign exchange and strengthen local manufacturing. Director-General […] The post 30% value addition bill could create 1.2m jobs — RMRDC appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5Manufacturers deepen local raw materials sourcing, up 11% in 3yrsBy Yinka Kolawole Nigeria’s manufacturing sector recorded a steady increase in the use of locally sourced raw materials between 2021 and 2024, with the share rising from 51.5 per cent in 2021 to 57.1 per cent in 2024, as foreign exchange pressures, naira depreciation and rising import costs pushed manufacturers towards domestic alternatives. Data from […] The post Manufacturers deepen local raw materials sourcing, up 11% in 3yrs appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5Elumelu acquires additional £53.2m shares in SeplatTony Elumelu, Chairman of Heirs Holdings, has acquired an additional six million shares in Seplat Energy Plc for £53.2 million. According to a notification filed with the Nigerian Exchange Limited (NGX) on Wednesday, the shares were bought by Heirs Energies Limited, a company controlled by Elumelu. The notice said the billionaire purchased shares at £8.87 […] The post Elumelu acquires additional £53.2m shares in Seplat appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5Consumers’ confidence plummets in Sept as inflation concerns deepenBy Elizabeth Adegbesan Consumers’ sentiment plunged sharply in September 2026 as households grappled with intensifying price pressures. The Central Bank of Nigeria, CBN, in its latest Household Expectation Survey Report said that the overall Consumer Sentiments Index, CSI, dropped steeply to -18.7 points, down from -9.9 points in August.  The decline reflects a cautious public, […] The post Consumers’ confidence plummets in Sept as inflation concerns deepen appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5Asiko Energy completes 5000MT LPG, propane terminalBy Sebastine Obasi Nigeria’s quest to deepen domestic gas utilisation has received a boost as Asiko Energy Limited has completed its 5,000MT LPG and Propane terminal in Ijora, Lagos. This is the phase one of its ambitious tri-fuel gas terminal which will integrate LPG, propane and LNG on a single site, establishing a new benchmark […] The post Asiko Energy completes 5000MT LPG, propane terminal appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5Electricity subsidy falls 35% to N679bn in H1’26By Yinka Kolawole The Federal Government’s electricity subsidy bill fell 35.27 percent to N679.58 billion in the first half of 2026 from N1.05 trillion recorded in the corresponding period of 2025, as lower electricity off-take by distribution companies helped reduce the cost of keeping tariffs below cost-reflective levels. The Nigerian Electricity Regulatory Commission (NERC) stated […] The post Electricity subsidy falls 35% to N679bn in H1’26 appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5COCOBOD raises GH¢3.39bn at 11% in first Commercial Paper trancheThe Ghana Cocoa Board (COCOBOD), through its wholly owned special-purpose vehicle, Cocoa Capital PLC, has raised GH¢3.39 billion from the first tranche of its Commercial Paper (CP) programme.myjoyonline · ghana
BUSINESSOct 5Housing crisis: Workers resort to their pension savings for home ownership•Number of withdrawers rises 284% to 28,437 •Amount withdrawn rises 228% to N92.7bn •Experts make case for Nigerians not on CPS •Despite increase in NHF pool, workers still unable to get loans – Ajaero By Rosemary Iwunze Amid the worsening cost of housing and declining purchasing power, more workers under the Contributory Pension Scheme, CPS, […] The post Housing crisis: Workers resort to their pension savings for home ownership appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 5Economic recovery accelerates as Sept PMI rises to 53 pointsBy Elizabeth Adegbesan The momentum of Nigeria’s economic recovery picked up significantly at the end of the third quarter, fueled by a sharp rebound in industrial activity and sustained resilience across key economic pillars. The Central Bank of Nigeria’s (CBN) Purchasing Managers Index (PMI) report, released during the weekend, showed that the composite PMI rose […] The post Economic recovery accelerates as Sept PMI rises to 53 points appeared first on Vanguard News.Vanguard Nigeria
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