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BUSINESS1d agoSenegal, Gabon, growth: African dossiers at the IMF and World Bank assembliesL’économie continentale résiste aux répercussions de la crise au Moyen-Orient. Un tournant stratégique se profile pour plusieurs pays africains dans leurs tractations financières avec le FMI.Jeune Afrique
BUSINESS1d agoNPA to fix rail, logistics gaps at inland dry portsMr Dantsoho says the facilities must be equipped to handle increasing cargo volumes and support the broader transformation of Nigeria's maritime sector. The post NPA to fix rail, logistics gaps at inland dry ports appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoLCCI proposes 20% petrol price cut in six months…Welcomes FG’s stabilisation plan, seeks lower energy, logistics costs By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has proposed a six-month petrol price reduction programme targeting a 15 to 20 per cent cut in pump prices to ease the burden of high energy and transportation costs on Nigerian businesses and households. In […] The post LCCI proposes 20% petrol price cut in six months appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoNigeria primed to be Africa’s industrial powerhouse— Ex-UNIDO DGBy Yinka Kolawole A former Director-General of the United Nations Industrial Development Organisation (UNIDO), Dr Kandeh Yumkella, has said Nigeria has the essential foundations to become Africa’s industrial powerhouse but must translate its huge market, natural resources and entrepreneurial capacity into competitive production and exports. Yumkella, who identified Nigeria’s financial depth and strategic position within […] The post Nigeria primed to be Africa’s industrial powerhouse— Ex-UNIDO DG appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoCartoon: Petrol discount… offer valid while stock lastVanguard News The post Cartoon: Petrol discount… offer valid while stock last appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoBackward integration lifts manufacturing investment 102% to N1.33trnBy Yinka Kolawole Manufacturers’ drive to reduce dependence on imported inputs and foreign exchange (FX) has pushed investment in the sector up by 102.16 per cent to N1.33 trillion in 2025, from N658.81 billion in 2024, the Manufacturers Association of Nigeria (MAN) has said. Director-General of MAN, Segun Ajayi-Kadir, disclosed this in the 2025 annual […] The post Backward integration lifts manufacturing investment 102% to N1.33trn appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoNESG: Election, festive demands lift Business Performance Index to 117.8ptsBy Babajide Komolafe Nigerian Economic Summit Group, NESG yesterday said that business activity expanded strongly in September, with the Current Business Performance Index, BPI, rising to 117.8 points from 112.7 points in August, citing stronger demand for goods and services ahead of election-related activities and the year-end festive season. The NESG stated that in the […] The post NESG: Election, festive demands lift Business Performance Index to 117.8pts appeared first on Vanguard News.vanguardngr · nigeria
BUSINESS1d agoNESG: Election, festive demands lift Business Performance Index to 117.8ptsBy Babajide Komolafe Nigerian Economic Summit Group, NESG yesterday said that business activity expanded strongly in September, with the Current Business Performance Index, BPI, rising to 117.8 points from 112.7 points in August, citing stronger demand for goods and services ahead of election-related activities and the year-end festive season.  The NESG stated that in the […] The post NESG: Election, festive demands lift Business Performance Index to 117.8pts appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoNigeria’s economy to grow at 4.3 % in 2026 — World Bank…Predicts 4.4% in 2027, 2028 By Emma Ujah Nigeria’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 […] The post Nigeria’s economy to grow at 4.3 % in 2026 — World Bank appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoDollar to Naira exchange rate today, October 12, 2026The US dollar traded at approximately ₦1,332.49 at the Nigerian Foreign Exchange Market (NFEM), while the parallel market quoted the currency at about ₦1,370 for buying and ₦1,380 for selling, based on the latest available figures as of Monday, October 12, 2026. The post Dollar to Naira exchange rate today, October 12, 2026 appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d ago54 firms drag down equities’ capitalisation by N1.58trnBy Peter Egwuatu At the backdrop of profit taking in 54 companies’ stocks the stock market closed at the weekend shaving off N1.582 trillion from its capitalization. The market capitalisation closed at N161.26 trillion, down from N162.842 trillion the previous week. Consequently, the Nigerian Exchange Limited, NGX, All Share Index, ASI, declined by 0.97% to […] The post 54 firms drag down equities’ capitalisation by N1.58trn appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoHow 18yrs multiple gas policies sidelined domestic consumersDespite more than 200 trillion cubic feet (Tcf) of proven natural gas reserves and nearly two decades of multiple policies aimed at making gas the foundation of Nigeria’s industrial economy, the country continues to export more gas than it sells to the domestic market. The post How 18yrs multiple gas policies sidelined domestic consumers appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoNigeria’s next phase of growth must reach more people and places.A business owner could win an order and still be unable to fulfil it. The road to the buyer maybusinessday · nigeria
BUSINESS2d agoTinubu to flag off 376km Niger highway TuesdayBy Luminous JannamikeABUJA – President Bola Tinubu will on Tuesday flag off the reconstruction and dualisation of the 376km Lambata–Bida–Mokwa–Makera–Kontagora Federal Highway in Niger State, a project expected to improve transport links and boost agricultural and commercial activities across North-Central Nigeria. For farmers struggling to move produce to markets, traders transporting goods and commuters travelling […] The post Tinubu to flag off 376km Niger highway Tuesday appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoSA must ask who really benefits from a mining boomThe PwC’s latest mining figures and global inequality reports should prompt a fundamental re-evaluation of mineral wealth distribution. High corporate profits can’t justify an extractive status quo that deepens wealth concentration while leaving mining-affected communities excluded and impoverished.dailymaverick · south africa
BUSINESS2d ago30-day fuel: Alálùpàídà and his devil’s waterWhen the Nigerian government announced a 30-day temporary fuel price intervention last Thursday, likes began to attract likes. In the government’s announcement, petrol will henceforth be on offer at N1,350 per litre at designated NNPCL stations. That announcement immediately resonated in the Kenyan author, Ngugi wa Thiong’o’s debut novel, Weep Not, Child (1964). After all, […] The post 30-day fuel: Alálùpàídà and his devil’s water appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoPetrol: Marketers hike pump price in Abuja, Lagos by N29/litreDays after the Federal Government announced measures to cushion the impact of rising fuel prices on consumers, petroleum marketers have increased petrol pump prices by up to N29 per litre in Abuja. The post Petrol: Marketers hike pump price in Abuja, Lagos by N29/litre appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoSanwo-Olu targets 3,000MW electricity supply for Lagos by March 2027Governor Sanwo-Olu said the state planned to add about 2,000 megawatts through a combination of electricity from the national grid, independent power projects, energy hubs, power barges, energy traders and embedded generation. The post Sanwo-Olu targets 3,000MW electricity supply for Lagos by March 2027 appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoTinubu Welcomes World Bank Report, Says Economic Reforms Are Delivering ResultsPresident Bola Tinubu said that the World Bank findings confirmed that the difficult but necessary decisions to remove the petrol subsidy had stabilised the economy, among other benefits. The post Tinubu Welcomes World Bank Report, Says Economic Reforms Are Delivering Results appeared first on Channels Television.Channels TV
BUSINESS2d agoTinubu says World Bank report confirms economic reforms yielding resultsTinubu welcomed the report, titled ‘Beyond the Federal Purse: How Higher Revenues Reshaped State Priorities’, highlighting improvements in economic growth, revenue generation and fiscal management. The post Tinubu says World Bank report confirms economic reforms yielding results appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoNCDMB, Renaissance train 60 Nigerians in critical oil and gas technical skillsThe 12-month training programme holding at Nigeria Machine Tools Limited, Osogbo, Osun State will equip the trainees with specialised expertise in oil and gas engineering as well as other critical technical skills, fostering a new generation of industry-ready professionals. The post NCDMB, Renaissance train 60 Nigerians in critical oil and gas technical skills appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoNigeria risks losing 38% of oil projects to energy transition — NRGIBy Folarin Kehinde The Natural Resource Governance Institute (NRGI) has warned that Nigeria risks failing to recover investments in 38 per cent of its upstream oil and gas projects, urging the Federal Government to reassess its petroleum investment strategy amid the global energy transition. The institute cautioned that some projects could become commercially unviable as […] The post Nigeria risks losing 38% of oil projects to energy transition — NRGI appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoEnergy Crisis: Unions demand relief for workersBy Victor Ahiuma-Young The Organised Private Sector Unions (OPSU), an umbrella body of affiliate unions in the private sector of the Nigeria Labour Congress (NLC), has demanded urgent measures to cushion the impact of the worsening energy crisis on workers. The unions also resolved to intensify efforts to organise workers in companies resisting unionisation and […] The post Energy Crisis: Unions demand relief for workers appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoTinubu’s petrol intervention: WoPU urges cuts in transport fares, food pricesBy Victor Ahiuma-Young The Working People United (WoPU), a grassroots civic and political movement, has urged transport operators, haulage companies and food distributors nationwide to reduce their charges following the Federal Government’s intervention in the petroleum sector. The movement said the intervention aimed at moderating petrol costs should translate into lower transportation fares, reduced food […] The post Tinubu’s petrol intervention: WoPU urges cuts in transport fares, food prices appeared first on Vanguard News.Vanguard Nigeria
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