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BUSINESS4d agoOwerri Airport to close for 25 days for runway rehabilitation ahead of Christmas – FGThe Federal Government, in collaboration with the Imo State Government, will temporarily close the Sam Mbakwe International Cargo Airport in Owerri for approximately 25 days starting October 20, 2026, to carry out essential runway repairs and extension works. The post Owerri Airport to close for 25 days for runway rehabilitation ahead of Christmas – FG appeared first on Vanguard News.Vanguard Nigeria
BUSINESS4d agoPetroleum: how did Aliko Dangote become the king of African refining?Alors que la crise géopolitique suit son cours au Moyen-Orient, la raffinerie du groupe Dangote à Lekki s’est hissée au rang de fournisseur majeur de carburants pour les marchés internationaux. Une réussite qui peut en appeler une autre, mais dans quelles conditions ?Jeune Afrique
BUSINESS5d agoIMF-Cemac: Chad, collateral victim of the slowness of community reforms?Un an après la signature de son accord avec le FMI, N’Djamena n’a perçu aucun décaissement. L’institution financière conditionne ses versements à des engagements accrus de la part des membres de l’organisation régionale. Coulisses.Jeune Afrique
BUSINESS5d agoFAAN proposes 25-day closure of Owerri airport runway for repairsThe airport authority says the repairs will address potholes and surface cracks worsened by heavy rainfall, while plans also include extending the runway to accommodate larger aircraft. The post FAAN proposes 25-day closure of Owerri airport runway for repairs appeared first on Premium Times Nigeria.Premium Times
BUSINESS5d agoSierra Leone: From 'blood diamonds' to stones of hope?"Blood diamonds" became infamous for funding the brutal civil war in Sierra Leone. Beginning 25 years ago, the Kimberley Process aimed to put an end to this illegal trade. Accused of complicity in the conflict, the diamond industry has since sought to clean up its image, emphasising an ethical shift. But a quarter of a century on, have the former "blood diamonds" truly become synonymous with development? FRANCE 24's Sarah Sakho and Simon Martin report.France 24 [en]
BUSINESS5d ago𝐍𝐍𝐏𝐂 r𝐞𝐭𝐚𝐢𝐥 d𝐢𝐬𝐜𝐨𝐮𝐧𝐭 n𝐨𝐭 s𝐮𝐛𝐬𝐢𝐝𝐲 – Oyedele…Says no 𝐏𝐮𝐛𝐥𝐢𝐜 𝐌𝐨𝐧𝐞𝐲 𝐈𝐧𝐯𝐨𝐥𝐯𝐞𝐝 Emma Ujah, Abuja Bureau Chief The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has said that the retail discount sale of fuel by the Nigerian National Petroleum Company Limited (NNPCL) is not a subsidy. He provided the clarification in a statement in Abuja, today. According […] The post 𝐍𝐍𝐏𝐂 r𝐞𝐭𝐚𝐢𝐥 d𝐢𝐬𝐜𝐨𝐮𝐧𝐭 n𝐨𝐭 s𝐮𝐛𝐬𝐢𝐝𝐲 – Oyedele appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5d agoMotorists, commuters, others react to FG’s 30-day petrol discountMany motorists, commuters, and stakeholders have expressed mixed reactions to the Federal Government’s announcement of a 30-day petrol discount at the Nigerian National Petroleum Company Ltd. (NNPCL) filling stations. The post Motorists, commuters, others react to FG’s 30-day petrol discount appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5d agoJames Mwangi (Equity): « Africa must add value to what it produces »Expansion régionale, IA et projet de raffinerie à Lamu : le patron du groupe kényan Equity, leader en Afrique de l’Est, met en avant sa stratégie pour assurer l’essor et la diversification de ses activités. Tout en insistant sur la nécessité pour le continent de mieux maîtriser ses chaînes de valeur.Jeune Afrique
BUSINESS5d agoNNPC Ltd extends fuel discount promotion by one weekAccording to the notice, the promotion will now run at all NNPC retail outlets until Oct. 14, 2026, with terms and conditions applying. The post NNPC Ltd extends fuel discount promotion by one week appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5d agoNNPC petrol discount is not fuel subsidy — Finance ministerAccording to the minister, NNPC Retail is absorbing the reduction from its profit margin, rather than relying on government funds to lower petrol prices. The post NNPC petrol discount is not fuel subsidy — Finance minister appeared first on Premium Times Nigeria.Premium Times
BUSINESS5d agoNigerian newspapers review: FG offers petrol at N1,350 for next 30 daysIn today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with the Federal Government saying it would offer a discount on petrol dispensed at the filling stations of the Nigerian National Petroleum Company (NNPC) Limited for the next 30 days. The post Nigerian newspapers review: FG offers petrol at N1,350 for next 30 days appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5d agoNiger set for $200 million financial package from IMFThe International Monetary Fund said Thursday it had reached a preliminary agreement with Niger that should see the west African nation receive around $203 million over three years to support its economic reformsAfricanews [en]
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 agoOil: the inside story of Simon Tiemtoré's failed foray into the African downstream marketLe banquier américano-burkinabé s’était positionné, via Lilium Capital Group, pour l’acquisition d’un réseau de quelque 400 stations-service. Mais les discussions n’ont finalement pas abouti. Coulisses.Jeune Afrique
BUSINESS5d agoNNPC filling stations to sell petrol at landing cost to cushion global oil price shocks — PresidencyThe latest decision to have NNPC Retail sell petrol at landing cost has also generated debate over whether the arrangement amounts to a return to fuel subsidy. The post NNPC filling stations to sell petrol at landing cost to cushion global oil price shocks — Presidency appeared first on Premium Times Nigeria.Premium Times
BUSINESS5d agoPlateau among states seeking $500m ACReSAL funding boostPlateau State is among eight states in northern Nigeria supporting a proposed $500 million additional financing for the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project The post Plateau among states seeking $500m ACReSAL funding boost appeared first on Premium Times Nigeria.Premium Times
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 agoLSEZA Defends Budget SpendingThe Liberia Special Economic Zones Authority (LSEZA) has defended its use of limited public resources while unveiling an economic transformation agenda centered on industrialization, investment attraction, export promotion, job creation and rehabilitation of infrastructure inherited from Liberia’s former industrial free-zone…liberianobserver · liberia
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 agoRecapitalisation: Labour Ministry charges banks to protect workersBy Victor Ahiuma-Young & Omotola Aremo The Federal Ministry of Labour and Employment has cautioned banks and insurance companies against allowing workers to bear the brunt of the ongoing recapitalisation and restructuring in the financial sector. The Ministry made the call during the 2026 World Day for Decent Work celebration organised by the Association of […] The post Recapitalisation: Labour Ministry charges banks to protect workers appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5d agoCBN engages Singapore’s MAS, signs innovation MoU with GFTNBy Babajide Komolafe The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has undertaken high-level engagements in Singapore aimed at strengthening Nigeria’s financial connectivity with Asia through institutional cooperation, financial-market development and innovation. The engagements included discussions with the Monetary Authority of Singapore (MAS), the signing of a Memorandum of Understanding (MoU) […] The post CBN engages Singapore’s MAS, signs innovation MoU with GFTN 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 agoInsurers pay N347bn claims despite N10.9bn premium declineBy Rosemary Iwunze Claims paid by insurance companies  rose by 0.1 per cent, year-on-year, YoY  to N346.87 billion in the first half of 2026, H1’26, from N346.59 billion in the corresponding period of 2025. The rise in claims payment was in spite of a 1.8 per cent YoY decline in Gross Premium Written, GPW, raising […] The post Insurers pay N347bn claims despite N10.9bn premium decline appeared first on Vanguard News.Vanguard Nigeria
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