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BUSINESS56m agoDangote refinery extends IPO: Plant has reshaped Nigeria's fuel marketThere has been a huge popular success for the IPO of the Dangote Refinery now ending on October 27th, 2026, after a 2-week extension. With the escalation of the conflict in the Middle East, the closure of the Strait of Hormuz has caused a surge in global crude prices and, in turn, supply shortages – pushing African and European countries to turn in mass to the Dangote refinery. The leading African producer of crude oil seeks to transform its status to a regional hub for refining and petrochemicals. FRANCE 24's Chinwe Ossundu reports.France 24 [en]
BUSINESS1h agoJUST IN: Nigerian government introduces ‘five big fiscal reforms’ to woo investors, engender growth“People say, and we agree with them, that it's difficult to find data about Nigeria, especially from the fiscal side. Something as important as our tax-to-GDP ratio, you can't find it easily.” The post JUST IN: Nigerian government introduces ‘five big fiscal reforms’ to woo investors, engender growth appeared first on Premium Times Nigeria.Premium Times
POLITICS2h ago2027: Atiku urges Nigerians to collect PVCs, promises economic relief“And across the country, families live with the fear of kidnapping, attacks and whether their loved ones will return home safely,” he added. The post 2027: Atiku urges Nigerians to collect PVCs, promises economic relief appeared first on Vanguard News.Vanguard Nigeria
WORLD2h agoNigerian man, Adebayo arrested in Canada after exposing self to three victimsA Nigerian man has been arrested in Canada after allegedly exposing himself to three victims in separate incidents aboard Toronto's public transit system. The post Nigerian man, Adebayo arrested in Canada after exposing self to three victims appeared first on Vanguard News.Vanguard Nigeria
POLITICS2h agoNigerian newspapers review: APC drafts Accord, APGA, PDP men into Tinubu’s campaignIn today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with the Presidency and the ruling All Progressives Congress (APC) including leading opposition figures and governors in President Bola Tinubu’s re-election council, in spite of strong pushback from sections of the party. The post Nigerian newspapers review: APC drafts Accord, APGA, PDP men into Tinubu’s campaign appeared first on Vanguard News.Vanguard Nigeria
WORLD2h agoNigeria 5-0 Comoros: Five big takeaways as Super Falcons prepare for big Morocco testBeyond the scoreline, the performance offered interim coach Augustine Eguavoen encouraging signs of a team beginning to rediscover its defensive solidity while exploring fresh possibilities in attack The post Nigeria 5-0 Comoros: Five big takeaways as Super Falcons prepare for big Morocco test appeared first on Premium Times Nigeria.Premium Times
BUSINESS2h 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
BUSINESS4h 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
BUSINESS4h 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
POLITICS4h agoUS Supreme Court to hear case of Nigerian deported over cooking for terroristsIn a brief order Tuesday, the Supreme Court agreed to hear the Trump administration's bid to reinstate the ruling that denied asylum to a Nigerian man who was deported for having provided material support to a terrorist group. The post US Supreme Court to hear case of Nigerian deported over cooking for terrorists appeared first on Vanguard News.Vanguard Nigeria
BUSINESS4h 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
WORLD4h agoNigeria ​‌‍‍‍‍⁠⁠‍​‍‍​‌‍​‌‌​condemns attacks on fellow Africans, demands action against xenophobiaThe Federal Government expressed its concern during the United Nations General Assembly’s adoption of a new political declaration against racism and racial discrimination. The post Nigeria ​‌‍‍‍‍⁠⁠‍​‍‍​‌‍​‌‌​condemns attacks on fellow Africans, demands action against xenophobia appeared first on Vanguard News.Vanguard Nigeria
BUSINESS4h 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
BUSINESS4h 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
WORLD5h agoNigerians warned against relocating to Indonesia without business plansNigerians seeking greener pastures in Indonesia have been advised to invest in their home country rather than relocate without viable business plans, as employment opportunities for foreigners are limited and setting up businesses requires substantial capital. The Charge d’Affaires ad interim of the Nigerian Embassy in Jakarta, Eze Nduka, gave the advice while speaking to […] The post Nigerians warned against relocating to Indonesia without business plans appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5h 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
BUSINESS5h 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
BUSINESS5h 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
BUSINESS5h 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
BUSINESS7h 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
BUSINESS8h 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
BUSINESS8h 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
BUSINESS8h 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
WORLD12h agoU.S. Mission honours Olu Jacobs, seven other Nigerian creativesBy Ayo Onikoyi The United States Mission in Nigeria has honoured veteran actor Olu Jacobs and seven other Nigerian creative industry leaders for their contributions to strengthening professional and commercial ties between Hollywood and Nollywood. The recognition took place at an event organised by the U.S. Consulate General in Lagos under the theme, “Reel Connections […] The post U.S. Mission honours Olu Jacobs, seven other Nigerian creatives appeared first on Vanguard News.Vanguard Nigeria
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