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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
BUSINESS5d agoDollar to Naira exchange rate today, October 9, 2026The Nigerian currency maintained a relatively stable trajectory across foreign exchange windows, balancing movements between the official and parallel markets. The post Dollar to Naira exchange rate today, October 9, 2026 appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5d agoFG to negotiate ₦1,350 petrol price ceiling as global oil shock drives pump pricesThe Minister said the Federal Government is negotiating a ₦1,350 per litre ceiling on the ex-gantry or landing cost of petrol to limit price volatility amid rising global crude oil and refined petroleum product prices. The post FG to negotiate ₦1,350 petrol price ceiling as global oil shock drives pump prices appeared first on Premium Times Nigeria.Premium Times
BUSINESS5d agoInsurers pay N347bn claims despite N10.9bn premium declineExperts are of the opinion that the figures indicate that while insurers generated less premium income during the period under review, their claims obligations continued to rise The post Insurers pay N347bn claims despite N10.9bn premium decline appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5d agoIs Deep Yellow (ASX:DYL) Closer to a Tumas Go-Ahead? - Kalkine MediaDeep Yellow is advancing Tumas in Namibia as funding and technology risk weigh on the shares.kalkinemedia · australia
BUSINESS5d agoWhy Is Lotus Resources (ASX:LOT) So Heavily Bet Against? - Kalkine MediaLotus Resources tops the ASX bearish bets table as restart setbacks and dilution weigh on the Malawi uranium developer.kalkinemedia · australia
BUSINESS5d agoR88bn in GDP at stake as SA’s bus industry underperformsPolicy, procurement and localisation barriers should be fixed, study saystimeslive · south africa
BUSINESS5d agoAELEX plays key role in Dangote Refinery’s $1.5bn IPOBy Henry Ojelu LAGOS — The approximately US$1.5 billion Initial Public Offering, IPO, of Dangote Petroleum Refinery & Petrochemicals FZE has been completed, with AELEX acting as Solicitors to the Offer in the landmark transaction. The offering is the largest single IPO undertaken in Africa and the first public offering by a Free Zone Entity, […] The post AELEX plays key role in Dangote Refinery’s $1.5bn IPO appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5d agoNDIC pays N1.48bn to 10,312 depositors of 47 closed MFBsThe Nigeria Deposit Insurance Corporation, NDIC, has paid N1.48 billion to 10,312 insured depositors of 47 recently closed microfinance banks, MFBs, as part of efforts to strengthen confidence in the banking system. The post NDIC pays N1.48bn to 10,312 depositors of 47 closed MFBs appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5d agoAbiodun approves J4-Gao Road, sets November for Deep Sea port ground breakingThe governor said the port and the, LNG projects would transform Ogun Waterside into energy and maritime hub The post Abiodun approves J4-Gao Road, sets November for Deep Sea port ground breaking appeared first on Premium Times Nigeria.Premium Times
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 agoCan a New Credit Rating Agency Help Africans Borrow at Better Rates?The African Union is challenging the big three rating agencies’ approach to assessing African borrowing risk.Foreign Policy
BUSINESS6d agoLabour gives FG two-week ultimatum to revert petrol price to 2024 level— Says basic necessities now unaffordable for Nigerian workers— Demands commencement of new minimum wage negotiations before end of October By Johnbosco Agbakwuru ABUJA — Organised Labour has given the Federal Government a two-week ultimatum to revert the price of Premium Motor Spirit, PMS, popularly known as petrol, to its level before the signing of […] The post Labour gives FG two-week ultimatum to revert petrol price to 2024 level appeared first on Vanguard News.Vanguard Nigeria
BUSINESS6d agoFor Airtel Money, the Stock Exchange is also a way to relaunch acquisitionsValorisé 7 milliards de dollars, le géant de la finance mobile s’apprête à faire son entrée à la Bourse de Londres. Elle offre au groupe une vitrine boursière pour mener la consolidation de la fintech en Afrique et convertir ses 75 millions de clients télécoms.Jeune Afrique
BUSINESS6d agoPower plants utilise 81% capacity — NERC…Towers collapse leave Nasarawa communities in darkness By Obas Esiedesa, Abuja Power plants in Nigeria utilised 81 per cent of their available generation capacity in September 2026, producing an average 4,089 megawatts (MW) from an available capacity of 5,038MW, the Nigerian Electricity Regulatory Commission (NERC) has said. NERC disclosed this in its September 2026 factsheet […] The post Power plants utilise 81% capacity — NERC appeared first on Vanguard News.Vanguard Nigeria
BUSINESS6d ago‘How Will It Be Funded Sustainably?’ Again, FG Questions Calls For Return Of Fuel SubsidyThe comment comes amid calls for the return of fuel subsidy, which critics argued has led to a hike in the cost of living in the country. The post ‘How Will It Be Funded Sustainably?’ Again, FG Questions Calls For Return Of Fuel Subsidy appeared first on Channels Television.Channels TV
BUSINESS6d agoFuel subsidy return could push petrol to ₦2,000/litre — Oyedele…Says FX could weaken to ₦3,000/$1 By Emma Ujah, Abuja Bureau Chief The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has warned that a return to fuel subsidy could push the price of petrol to about ₦2,000 per litre and weaken the naira to as much as ₦3,000 to the […] The post Fuel subsidy return could push petrol to ₦2,000/litre — Oyedele appeared first on Vanguard News.Vanguard Nigeria
BUSINESS6d agoReturn Of Subsidy Could Lead To ₦2,000/Litre Petrol, ₦3,000/$ Exchange Rate — FGChannels TV
BUSINESS6d 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
BUSINESS6d agoFG Targets ₦1,350/Litre Ceiling On Petrol Cost To Stabilise Pump PricesIt said the arrangement was neither a subsidy nor price control, but a mechanism designed to smooth out petrol prices over time. The post FG Targets ₦1,350/Litre Ceiling On Petrol Cost To Stabilise Pump Prices appeared first on Channels Television.Channels TV
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