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BUSINESS5d agoNigeria’s Growth Hits 4.2% As State Revenues Rise By 93% — World BankEducation’s share of total expenditure fell from 14.9 per cent in 2021 to 12.1 per cent in 2025, while health spending remained broadly stable at around seven per cent. The post Nigeria’s Growth Hits 4.2% As State Revenues Rise By 93% — World Bank appeared first on Channels Television.Channels TV
BUSINESS5d agoNigeria’s raw commodity exports will be under focus as agribusiness leaders meet in UyoAs Nigeria struggles to turn its agricultural wealth into industrial growth and jobs, agribusiness leaders are targeting investment, processing and export opportunities at a regional conference in Uyo. The post Nigeria’s raw commodity exports will be under focus as agribusiness leaders meet in Uyo appeared first on Premium Times Nigeria.Premium Times
BUSINESS5d agoNigerian states’ revenue rises 93%, education spending falls — World BankNigeria’s 36 states recorded a 93 per cent increase in revenue between 2023 and 2025, but education’s share of total expenditure declined, the World Bank has said. The bank disclosed this in its latest Nigeria Development Update, which examined how increased public revenue has influenced spending priorities across the federation. The report was made available […] The post Nigerian states’ revenue rises 93%, education spending falls — World Bank appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5d agoNigeria loses $2bn yearly to cocoa value addition gap — FG…production stuck at 300kg per hectare annually despite improved seedlings — CRINBy Cynthia Alo & Kafayat KokumoThe Federal Government has said that Nigeria loses about $2 billion annually in potential value from cocoa because the country’s processing capacity is largely underutilised.The Minister of Agriculture and Food Security, Abubakar Kyari, stated this in Lagos on Wednesday […] The post Nigeria loses $2bn yearly to cocoa value addition gap — FG appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5d agoNigeria’s economy to grow at 4.3% in 2026 —World BankNigeria’s economy is expected to ‌ grow by 4.3 percent in 3026 and rise to an average 4.4% from 2027 to 2028, according to the World Bank, in its latest edition of Nigeria Development Update (NDU). This was contained in the latest edition of the NDU, released in Abuja, yesterday, with the bank assuring that […] The post Nigeria’s economy to grow at 4.3% in 2026 —World Bank appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5d agoFuel subsidy would cost Nigeria over N20trn yearly — MinisterThe Federal Government has rejected calls for the return of petrol subsidy, warning that restoring petrol to its pre-reform price would cost more than N20 trillion annually and could eventually push the exchange rate towards N3,000 to a dollar and petrol prices to at least N2,000 per litre. The post Fuel subsidy would cost Nigeria over N20trn yearly — Minister appeared first on Premium Times Nigeria.Premium Times
BUSINESS5d agoNigeria Is Open For Responsible Investments In Gas Sector, Says FGThe government said it was also focused on enabling a conducive business atmosphere for investments. The post Nigeria Is Open For Responsible Investments In Gas Sector, Says FG appeared first on Channels Television.Channels TV
BUSINESS5d agoMoove shuts Nigeria operations, gives customers N35bn vehiclesMoove, a global mobility company founded in Lagos, has announced plans to shut down its operations in Nigeria and transfer ownership of eligible vehicles worth about N35 billion to its existing customers. The company disclosed this on Thursday, six years after commencing operations in Nigeria. According to Moove, customers whose vehicles qualify under the arrangement […] The post Moove shuts Nigeria operations, gives customers N35bn vehicles appeared first on Vanguard News.Vanguard Nigeria
BUSINESSBREAKING5d agoJUST IN: Moove exits Nigerian Market"As a thank you for customers’ trust and support, Moove will transfer full ownership of vehicles worth over N35 billion to current customers, free of charge," a statement said. The post Moove exits Nigerian Market appeared first on Premium Times Nigeria.Premium Times
BUSINESS5d agoWorld Bank sees Nigeria growth averaging 4.4% through 2028 - ReutersWorld Bank sees Nigeria growth averaging 4.4% through 2028 ReutersReuters World
BUSINESS5d agoSolar emerges as an alternative to Nigeria’s unreliable grid {Business Africa}Nigeria’s Power Crisis Creates New Opportunity for Solar as Togo Deepens Russia TiesAfricanews [en]
BUSINESS6d agoNigeria,​‌‍‍‍‍⁠⁠‍​‌​‍‌‌‌‍‌​ Africa lose $74.5bn yearly to unfair credit ratings – UNThe United Nations says inaccurate and context-poor sovereign credit ratings are estimated to cost African countries about 74.5 billion dollars annually through excessive borrowing costs and lost financing. The post Nigeria,​‌‍‍‍‍⁠⁠‍​‌​‍‌‌‌‍‌​ Africa lose $74.5bn yearly to unfair credit ratings – UN appeared first on Vanguard News.Vanguard Nigeria
BUSINESS6d agoNES#32: FG to assess what’s working in Nigeria’s economyThe Federal Government, Wednesday, through the Federal Ministry of Federal Ministry of Budget and Economic Planning, said the the 32nd edition of the Nigerian Economic Summit tagged NES#32 will be used to examine what is working in the economy. The post NES#32: FG to assess what’s working in Nigeria’s economy appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7Nigeria’ll not be Africa’s warehouse, but Africa’s workshop — TinubuBy Yinka Kolawole  President Bola Tinubu has declared that Nigeria will no longer be content with exporting raw materials and importing finished products, saying the country is determined to become Africa’s industrial workshop. Tinubu, who was represented by the Minister of State for Industry, Sen.John Enoh, spoke at the 6th Adeola Odutola lecture and Presidential […] The post Nigeria’ll not be Africa’s warehouse, but Africa’s workshop — Tinubu appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 7World Bank: Fuel price to slow Nigeria’s poverty reduction•Says rising pre-election spending may derail reforms •Raises Nigeria’s 2026 growth forecast to 4.3% •Projects 15.7% inflation rate for 2026 •44% of firms in Nigeria, Kenya adopt AI, power constraints threaten gains By Babajide Komolafe, Economy Editor  The World Bank has warned that elevated fuel prices could slow Nigeria’s poverty reduction efforts despite an expected […] The post World Bank: Fuel price to slow Nigeria’s poverty reduction appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 6Nigeria has reduced reliance on oil revenue – TinubuAccording to the president, his administration is reducing Nigeria’s dependence on crude revenue while expanding non-oil sectors and using gas to support power and industrial development. The post Nigeria has reduced reliance on oil revenue – Tinubu appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 6Nigeria has witnessed massive drop in oil revenue reliance – Tinubu—-Promises to pursue energy transition suited to the nation’s needs, expand gas supply for power, industry By Johnbosco Agbakwuru ABUJA — PRESIDENT Bola Tinubu has announced a massive drop in the nation’s reliance on crude revenues, signaling a decisive shift toward a diversified economy that his administration intends to push even further. He noted that, […] The post Nigeria has witnessed massive drop in oil revenue reliance – Tinubu appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 6How frictionless payments are helping Nigeria’s SMEs growBy Mastercard Ask a Nigerian small business owner what’s standing between them and a sale, and the answer is rarely demand. It is the moment between a customer deciding to buy and the money actually arriving. Getting paid is not the end of the customer journey. It is the point at which that journey most […] The post How frictionless payments are helping Nigeria’s SMEs grow appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 6[Video] Have Your Say: What can 10k do for you in Nigeria today?Here's an idea of how fallen Naira has gone - some ladies cannot afford sanitary pads anymore. So they "loot" baby diapers The post [Video] Have Your Say: What can 10k do for you in Nigeria today? appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 6Nigeria leads Africa investability gains•Up four places in Bloomberg’s ranking By Yinka Kolawole Nigeria has emerged as the biggest climber among major African economies in Bloomberg Economics’ 2026 Investment Risk-O-Meter, rising four places to eighth position on the back of improved economic and fiscal fundamentals. The latest scorecard released yesterday, which assesses the relative investability of 19 African economies, […] The post Nigeria leads Africa investability gains 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 4Nigeria’s data demand outpacing network growth — NCC…Says mobile broadband covers 90% of Nigerians, only 27% own smartphones…Seeks long-term naira funding for telecoms infrastructure By Juliet Umeh The Nigerian Communications Commission, NCC, has warned that rising data demand is putting pressure on Nigeria’s networks and called for greater investment in digital infrastructure.In a communiqué issued on Sunday after the Nigeria Digital Connectivity […] The post Nigeria’s data demand outpacing network growth — NCC appeared first on Vanguard News.Vanguard Nigeria
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