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BUSINESS16h agoKerrygold Strengthens Ties with Nigeria’s Baking Community at Cake Expo 2026Kerrygold reaffirmed its commitment to Nigeria’s growing baking community through its partnership with the International Cake Exploration Societe, Nigeria (ICES, Nigeria), at Cake Expo 2026, held on October 7 and 8 at All Seasons Plaza, Ikeja. The two-day expo brought together bakers, cake artists and enthusiasts from across the industry for an engaging experience focused […] The post Kerrygold Strengthens Ties with Nigeria’s Baking Community at Cake Expo 2026 appeared first on Vanguard News.Vanguard Nigeria
BUSINESS17h agoIMF upgrades forecast for Nigeria’s economic growth to 4.2%"Oil-importing, non-resource-intensive economies are more adversely affected by higher energy and food prices, whereas some larger economies continue to benefit from earlier stabilisation and reform efforts, even though they are largely absent from the AI-driven global technology upswing and face headwinds from declines in official development assistance. The post IMF upgrades forecast for Nigeria’s economic growth to 4.2% appeared first on Vanguard News.Vanguard Nigeria
BUSINESS17h agoTotalEnergies, NNPC, Conoil… In Nigeria, how the Dangote mega-refinery is reshaping the oil marketLes revenus pétroliers de la Nigerian National Petroleum Corporation (NNPC), la compagnie pétrolière nationale, ont chuté de près de 78 % en 2025. Le lancement de la raffinerie Dangote et la libéralisation complète du marché ont déclenché une guerre des prix féroce dans l’ensemble du secteur aval.Jeune Afrique
BUSINESS17h agoEase Monetary Policy As Inflation Improves, But Stay Data-Driven, IMF Advises NigeriaThe IMF’s deputy director in charge of the Monetary and Capital Markets Department, Athanasios Vamvakidis, stated this at the Global Financial Stability Report (GFSR) press briefing during the 2026 Annual Meetings of the World Bank and IMF in Bangkok. The post Ease Monetary Policy As Inflation Improves, But Stay Data-Driven, IMF Advises Nigeria appeared first on Channels Television.Channels TV
BUSINESS18h agoIMF advocates cash transfers to cushion hardship in Nigeria“Although economic growth has held up in Nigeria, given that it is an energy exporter, living costs are still very high, and we are very mindful that the population is suffering,” she said. The post IMF advocates cash transfers to cushion hardship in Nigeria appeared first on Vanguard News.Vanguard Nigeria
BUSINESS19h agoJUST IN: IMF increases Nigeria’s growth forecasts to 4.2%, warns higher prices will aggravate poverty, food insecurity“Nigeria is supported by improved macroeconomic stability and favourable terms-of-trade effects, though higher prices for essentials are expected to further aggravate poverty and food insecurity,” the IMF said in its report Tuesday. The post JUST IN: IMF increases Nigeria’s growth forecasts to 4.2%, warns higher prices will aggravate poverty, food insecurity appeared first on Premium Times Nigeria.Premium Times
BUSINESS19h agoDollar to Naira exchange rate today, October 13, 2026The Nigerian Naira continues to reflect mixed movements across the foreign exchange market as businesses and individuals monitor currency values on Tuesday, October 13, 2026. The post Dollar to Naira exchange rate today, October 13, 2026 appeared first on Vanguard News.Vanguard Nigeria
BUSINESS19h agoDangote Refinery targets 1.4mbpd capacity by 2029By Daniel Abia PORT HARCOURT — President of Dangote Group, Aliko Dangote, has said the Dangote Petroleum Refinery plans to increase its production capacity from 500,000 barrels per day to 1.4 million barrels per day by early 2029. The company has also assured small investors that they would be accommodated in its ongoing initial public […] The post Dangote Refinery targets 1.4mbpd capacity by 2029 appeared first on Vanguard News.Vanguard Nigeria
BUSINESS19h agoNigeria targets over 4% growth as reserves top $54bn — FGBy Chidinma Chukwu, Abuja The Federal Government has projected economic growth of more than four per cent in 2026, with external reserves exceeding $54 billion and inflation declining to about 15 per cent, citing the figures as evidence of progress under President Bola Tinubu’s economic reforms. The Minister of Information and National Orientation, Mohammed Idris, […] The post Nigeria targets over 4% growth as reserves top $54bn — FG appeared first on Vanguard News.Vanguard Nigeria
BUSINESS20h agoIMF Urges Targeted Cash Transfers For Nigeria’s PoorThe Economic Counselor at the Fund, Silvana Tenreyro, also projected Nigeria’s growth as 4.3 per cent by 2027, outpacing advanced economies like the United Kingdom, Canada and Germany. The post IMF Urges Targeted Cash Transfers For Nigeria’s Poor appeared first on Channels Television.Channels TV
BUSINESS20h agoFG pays N1.23trn power debt, targets full settlement next yearThe Federal Government has paid N1.23 trillion of its legacy debts to power generation companies (Gencos) through bonds, with the outstanding balance expected to be cleared next year. The Minister of Power, Joseph Tegbe, disclosed this at the Harvard Business School Association of Nigeria (HBSAN) Energy Conference in Lagos. He said the government was committed […]dailytrust · nigeria
BUSINESS20h agoDangote Petroleum Refinery extends IPO amid strong investor demand"The IPO is going very well. We will extend the closing date because we want more of our African brothers and sisters to participate,” the company said in a statement. The post Dangote Petroleum Refinery extends IPO amid strong investor demand appeared first on Premium Times Nigeria.Premium Times
BUSINESS21h agoDangote's Nigerian oil refinery extends IPO by 2 weeksAliko Dangote's Nigerian oil refinery is extending the deadline for its initial public offering in order to broaden participation, its owner said Monday. The IPO, set to be Africa's largest capital market operation, was due to close on Tuesday but it will now be extended for two weeks.Africanews [en]
BUSINESS1d agoNigeria’s debt interest payments surge 37.5% to N7.7trn in H1’26 — World BankNigeria’s debt interest payments surged by 37.5 per cent to N7.7 trillion in the first half of 2026 from N5.6 trillion in the corresponding period of 2025. The post Nigeria’s debt interest payments surge 37.5% to N7.7trn in H1’26 — World Bank appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoIPO: Dangote Refinery Extends Offer Period By Two WeeksThe company said the additional two-week period would support ongoing market-access initiatives across African jurisdictions The post IPO: Dangote Refinery Extends Offer Period By Two Weeks appeared first on Channels Television.Channels TV
BUSINESS1d agoMinister defends NNPC petrol discount, says it’s not return to subsidyMr Idris said the decision did not represent a return to fuel subsidy, explaining that the NNPC had opted to forgo some of its profits to cushion the impact of higher petrol prices on consumers. The post Minister defends NNPC petrol discount, says it’s not return to subsidy appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoPalmPay named Digital Payments Platform of the Year at Business Day BAFI Awards 2026The award recognised the company’s contribution to the growth of digital payments and financial inclusion in Nigeria. The post PalmPay named Digital Payments Platform of the Year at Business Day BAFI Awards 2026 appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoContractors have no reason to stay away from project sites – Kano govtThe Kano State Government has said contractors handling public projects have no reason to stay away from their sites, stressing that it is intervening to resolve challenges between contractors and government agencies. The post Contractors have no reason to stay away from project sites – Kano govt appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoTop 10 African companies ranked among Forbes’ best employers in 2026South Africa’s Nedbank has emerged as Africa’s highest-ranked company on Forbes’ World’s Best Employers 2026 list, placing 26th globally, while Nigeria’s Guaranty Trust Bank (GTBank) is the only Nigerian firm among the continent’s 10 highest-ranked entries. The post Top 10 African companies ranked among Forbes’ best employers in 2026 appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoLagos-Calabar Coastal Highway progressing as planned – FGThe Federal Government says construction of the 750-kilometre Lagos-Calabar Coastal Highway is progressing as planned, dismissing reports that the project had been abandoned for the East-West Road. The post Lagos-Calabar Coastal Highway progressing as planned – FG appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoFMC Abeokuta workers begin 72-hour warning strikeThe letter stated that the strike commenced at 11 a.m. on Monday and was scheduled to end at 8 a.m. on Thursday. The post FMC Abeokuta workers begin 72-hour warning strike appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoIPO: Dangote Petroleum Refinery extends offer period by two weeksA Nigerian oil refinery owned by Africa's richest man is extending the deadline for its initial public offering in order to broaden participation, its owner said Monday. The post IPO: Dangote Petroleum Refinery extends offer period by two weeks appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoEFCC arraigns ALSCON, Russian director on N582.4 million money laundering chargesThe EFCC said the transfers were not reported in writing to SCUML as required under Section 11(1)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022. The post EFCC arraigns ALSCON, Russian director on N582.4 million money laundering charges appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d ago11 vessels ‌‌‍‌‍⁠⁠‍‍‌‌‌‌expected at Lagos ports with petroleum products, food items, others – NPAIt added that 19 vessels were currently discharging various consignments at the Apapa and Tin Can Island ports. The post 11 vessels ‌‌‍‌‍⁠⁠‍‍‌‌‌‌expected at Lagos ports with petroleum products, food items, others – NPA appeared first on Premium Times Nigeria.Premium Times
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