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BUSINESS25m 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
BUSINESS25m 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
WORLD39m 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
BUSINESS47m 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
BUSINESS57m 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
BUSINESS1h 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
BUSINESS1h 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
BUSINESS3h 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
BUSINESS3h 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
BUSINESS3h 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
BUSINESS3h 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
WORLD7h 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
MILITARY10h agoECOWAS Defence Chiefs seek sustained Nigerian support for regional securityThe outgoing and incoming Chairmen of the ECOWAS Committee of Chiefs of Defence Staff (CCDS) have called for sustained Nigerian support to strengthen regional security cooperation and address growing threats across West Africa. The post ECOWAS Defence Chiefs seek sustained Nigerian support for regional security appeared first on Vanguard News.Vanguard Nigeria
WORLD10h agoNigeria condemns death of citizen in South African police custodyThe consulate said reports that Mr Odueze was tortured by police officers before his death had caused shock and pain to his family, the Nigerian community and Nigeria’s two diplomatic missions in South Africa. The post Nigeria condemns death of citizen in South African police custody appeared first on Premium Times Nigeria.Premium Times
POLITICS12h agoNigeria elected to UN Human Rights CouncilThe council announced the election on its official X account, listing Nigeria among 15 countries the UN General Assembly elected to serve on the body from 2027 to 2029. The post Nigeria elected to UN Human Rights Council appeared first on Premium Times Nigeria.Premium Times
DISASTER12h agoUBA commiserates with Nigerian Air Force over NAF 931 Aircraft crashGroup Managing Director of UBA, Oliver Alawuba visits Chief of Air Staff, extends condolences to the Military, bereaved families The post UBA commiserates with Nigerian Air Force over NAF 931 Aircraft crash appeared first on Premium Times Nigeria.Premium Times
BUSINESS12h 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
POLITICS13h agoDetribalised does not mean what most Nigerians think it means, By Temitope Lakisokun“Ah, that man is very detribalised.” In Nigeria, this is almost always a compliment. It is what we say about the politician who has friends from every part of the country, the businessman whose boardroom is a miniature Nigeria, the public servant who does not appoint only people from her village, or the man who […] The post Detribalised does not mean what most Nigerians think it means, By Temitope Lakisokun appeared first on Premium Times Nigeria.Premium Times
BUSINESS13h 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
POLITICS13h agoUS places Nigeria among countries allowing recruitment of child soldiersThe listing places pressure on the Nigerian government to address concerns over child recruitment and demonstrate compliance with international standards on the protection of children in armed conflict. The post US places Nigeria among countries allowing recruitment of child soldiers appeared first on Premium Times Nigeria.Premium Times
SCI & TECH13h agoStep-by-step guide: How to locate your home, check your name, address on Nigeria’s new postcode systemNigerians can now find their home addresses and digital postcodes in Nigeria through the Federal Government’s National Digital Alphanumeric Postcode System, launched nationwide by the Nigerian Postal Service (NIPOST) on October 1, 2026. The post Step-by-step guide: How to locate your home, check your name, address on Nigeria’s new postcode system appeared first on Vanguard News.Vanguard Nigeria
CYBER13h agoEFCC chair warns Nigerian girls against sextortion“If you engage in cybercrime; if you become an account mule for Yahoo boys; if you blackmail people online, you are not just committing a crime; you are destroying Nigeria’s image,” EFCC chair Olukoyede said. The post EFCC chair warns Nigerian girls against sextortion appeared first on Premium Times Nigeria.Premium Times
WORLD14h agoKanu, Toni Payne Bag Brace As Nigeria’s Super Falcons Rout Comoros In Olympic QualifiersThe victory means the Super Falcons have reached the third round of the African qualifiers for the women’s football event of the Olympic Games with a 7-0 aggregate victory over the Southern Africans. The post Kanu, Toni Payne Bag Brace As Nigeria’s Super Falcons Rout Comoros In Olympic Qualifiers appeared first on Channels Television.Channels TV
HEALTH16h agoWHO warns immunisation gaps leave Nigerian children vulnerable to diseaseMr Ursu said Nigeria continued to face challenges in containing vaccine-preventable diseases, including measles and circulating vaccine-derived poliovirus, despite support from international partners. The post WHO warns immunisation gaps leave Nigerian children vulnerable to disease appeared first on Premium Times Nigeria.Premium Times
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