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BUSINESS1h agoCoca-Cola system contributes $1bn across its value chain in Nigeria, supporting more than 160,000 jobsFor every direct job created by the system, 53 more jobs were supported across Nigeria’s economy. The Coca-Cola system purchased $601 million worth of goods and services from suppliers in Nigeria in 2024, strengthening the country's industries and communities. The post Coca-Cola system contributes $1bn across its value chain in Nigeria, supporting more than 160,000 jobs appeared first on Premium Times Nigeria.Premium Times
BUSINESS2h agoNigeria-led ​‌‍‍‍‍⁠⁠‍​‍‍​‌⁠​​‌​G-24 demands IMF reforms, debt relief, $300bn annual climate fundingDeveloping countries have demanded sweeping reforms of the International Monetary Fund (IMF), improved debt relief mechanisms and increased climate financing under Nigeria’s leadership of the Group of Twenty-Four (G-24). The post Nigeria-led ​‌‍‍‍‍⁠⁠‍​‍‍​‌⁠​​‌​G-24 demands IMF reforms, debt relief, $300bn annual climate funding appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3h agoIMF Warns Nigeria Against Restoring Petrol SubsidyThe Fund said blanket petrol subsidies are expensive, often benefit higher-income consumers disproportionately, and worsen fiscal pressures amid rising borrowing costs. The post IMF Warns Nigeria Against Restoring Petrol Subsidy appeared first on Channels Television.Channels TV
BUSINESS3h agoWhat African countries, others can learn from Nigeria’s economic reforms – Minister“People can easily tell that because of the reform, life is harder. But you need to show them without the reform, it will be hardest,” he said. The post What African countries, others can learn from Nigeria’s economic reforms – Minister appeared first on Premium Times Nigeria.Premium Times
BUSINESS3h ago‘It’s Regressive’ – IMF warns Nigeria against restoring petrol subsidyThe International Monetary Fund (IMF) has advised Nigeria against restoring broad petrol subsidies, recommending targeted financial assistance and social protection programmes to cushion vulnerable households against rising energy costs. The fund said blanket fuel subsidies were fiscally expensive, disproportionately benefited higher-income consumers and could worsen pressure on public finances amid rising borrowing costs. Rodrigo Valdés, […] The post ‘It’s regressive’ – IMF warns Nigeria against restoring petrol subsidy appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3h agoW/Bank mobilises $5.79bn private capital for NigeriaBy Emma Ujah, Abuja Bureau Chief The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy. The financing drive is being supported by policy reforms, […] The post W/Bank mobilises $5.79bn private capital for Nigeria appeared first on Vanguard News.Vanguard Nigeria
BUSINESS4h agoIMF: Nigeria’s banks need stronger safeguards after recapitalisationIMF has warned Nigerian authorities that “the sovereign and bank nexus is also an important area” of concern for African economies. The post IMF: Nigeria’s banks need stronger safeguards after recapitalisation appeared first on Vanguard News.Vanguard Nigeria
BUSINESS4h agoG-24: Nigeria, other developing nations need cheaper financing — Oyedele“Debt vulnerability is a major obstacle to growth in many developing countries,” Oyedele said, highlighting the need for predictable and coordinated approaches The post G-24: Nigeria, other developing nations need cheaper financing — Oyedele appeared first on Vanguard News.Vanguard Nigeria
BUSINESS4h agoNigeria’s private capital inflows hit $6bn as reforms gather pace — W/Bank•Tax-to-GDP ratio rises to 12.5% from 7% — Oyedele By Emma Ujah, Abuja Bureau Chief Nigeria’s private capital inflows have surged nearly 20-fold to almost $6 billion in 2026 from about $300 million in 2023, President of the World Bank Group, Mr. Ajay Banga, has said, just as the Federal Government (FG) said it has […] The post Nigeria’s private capital inflows hit $6bn as reforms gather pace — W/Bank appeared first on Vanguard News.Vanguard Nigeria
BUSINESS4h agoNigerians still suffer high cost of living, despite economic growth — IMFIMF has said despite Nigeria’s economic growth and status as an energy exporter, the cost of living remained high, leaving Nigerians struggling The post Nigerians still suffer high cost of living, despite economic growth — IMF appeared first on Vanguard News.Vanguard Nigeria
BUSINESS6h agoShell to sell Nigeria’s domestic gas business to Vaaris EnergyShell announced the deal in a statement on Tuesday, noting the transaction forms part of the strategy to simplify its portfolio and concentrate investments on areas of competitive strength. The post Shell to sell Nigeria’s domestic gas business to Vaaris Energy appeared first on Premium Times Nigeria.Premium Times
BUSINESS7h agoWhy many Nigerians spend more on phone repairs than buying new phonesBy Miracle Onyemuwa The rising cost of smartphones in Nigeria is forcing more consumers to repair damaged devices rather than replace them with new ones. This is more so, as inflation and the depreciation of the naira continue to push phone prices higher. At Computer Village, Ikeja, phone repair shops are seeing increasing numbers of […] The post Why many Nigerians spend more on phone repairs than buying new phones appeared first on Vanguard News.Vanguard Nigeria
BUSINESS7h agoE-commerce, championing Nigeria’s digital journey?•Online shopping sector jumps 15 points to 75% in new report•Customer satisfaction hits 71% despite service quality decline in key sectors•Power, Public Sector trail at 51%, 53%By Prince Osuagwu E-Commerce appears to be one sector in Nigeria where customers are not complaining as much as they used to.While poor service continues to dog several sectors […] The post E-commerce, championing Nigeria’s digital journey? appeared first on Vanguard News.Vanguard Nigeria
BUSINESS7h agoNigeria loses $2bn yearly to cocoa value addition gap — FGBy Cynthia Alo & Kafayat Kokumo The Federal Government (FG) has said that Nigeria loses about $2 billion annually in potential value from cocoa because the country’s processing capacity is largely underutilised. Meanwhile, the International Institute of Tropical Agriculture (IITA), has said that West Africa needs high-yielding, climate-resilient cocoa varieties to improve productivity and protect […] The post Nigeria loses $2bn yearly to cocoa value addition gap — FG appeared first on Vanguard News.Vanguard Nigeria
BUSINESS16h agoNigeria meets OPEC quota for fifth straight month as oil output hits 1.84m barrelsThe commission noted in a statement that Africa’s biggest oil producer logged a peak production of 1.84 million barrels during the month as the country met its OPEC quota for the fifth month in a row. The post Nigeria meets OPEC quota for fifth straight month as oil output hits 1.84m barrels appeared first on Premium Times Nigeria.Premium Times
BUSINESS16h agoShell to sell Nigeria domestic gas business to Vaaris EnergyShell Petroleum B.V. has signed an agreement to sell its full interest in Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian energy company, as the oil major refocuses its investments on strategic businesses. The post Shell to sell Nigeria domestic gas business to Vaaris Energy appeared first on Vanguard News.Vanguard Nigeria
BUSINESS21h agoProtecting Nigeria’s oil and gas assets through coordination and accountability, By Chido OnumahA Common Framework for Protecting National Assets The signing and launch, on 12 October, of the Standard Operating Procedure(SOP) for Government Security and Intelligence Agencies and Other Stakeholders under the Nigerian Oil and Gas Industry-Wide Security Architecture gives Nigeria a common framework for protecting hydrocarbon assets. It connects security operations with economic recovery, environmental protection […] The post Protecting Nigeria’s oil and gas assets through coordination and accountability, By Chido Onumah appeared first on Premium Times Nigeria.Premium Times