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Business

Home Business Page 7
In Q3 2025, Nigeria’s $6 billion foreign capital inflow is driven by FPIs.
Posted inBusiness

In Q3 2025, Nigeria’s $6 billion foreign capital inflow is driven by FPIs.

According to data from the National Bureau of Statistics, Nigeria imported $6.014 billion worth of capital in the third quarter of 2025. A study stated that the amount represents a…
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Posted by Taiwo Ayomide February 17, 2026
Nigeria Imports $4 Billion in Cotton Every Year, Says CEO of Arewa Cotton
Posted inBusiness

Nigeria Imports $4 Billion in Cotton Every Year, Says CEO of Arewa Cotton

In addition to serving as the president of the National Cotton Association of Nigeria (NACOTAN), Anibe Achimugu is the managing director of Arewa Cotton and Allied Products Limited. He discusses…
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Posted by Taiwo Ayomide February 17, 2026
Expectations of the Market 82 Recapitalized BDCs Receive $150,000 Every Week, Improving FX Liquidity
Posted inBusiness

Expectations of the Market 82 Recapitalized BDCs Receive $150,000 Every Week, Improving FX Liquidity

After the Central Bank of Nigeria (CBN) decided to allow 82 recapitalized Bureau De Change (BDC) operators to access up to $150,000 per week from the Nigerian Foreign Exchange Market…
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Posted by Taiwo Ayomide February 17, 2026
Dangote Signs $400 Million Equipment Agreement to Expand Refinery
Posted inBusiness

Dangote Signs $400 Million Equipment Agreement to Expand Refinery

One of China's top producers of construction equipment, XCMG Construction Machinery Co., Ltd., has inked a $400 million contract with the Dangote Group. This is a part of the plan…
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Posted by Taiwo Ayomide February 17, 2026
Despite having four power plants, residents of Niger are in the dark.
Posted inBusiness

Despite having four power plants, residents of Niger are in the dark.

Even though Niger State is home to three significant hydroelectric power plants—the Shiroro, Zungeru, Jebba, and Kainji Dams—its citizens claim they are unable to take pride in having access to…
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Posted by Taiwo Ayomide February 16, 2026
Elections in 2027: CBN Warns That Too Much Liquidity Could Ruin Economic Gains
Posted inBusiness

Elections in 2027: CBN Warns That Too Much Liquidity Could Ruin Economic Gains

The economy is still in trouble, according to Olayemi Cardoso, governor of the Central Bank of Nigeria, who also cautioned that too much liquidity in the system could jeopardize macroeconomic…
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Posted by Taiwo Ayomide February 11, 2026
NiMet Forecasts Early Rainfall and Encourages Farming Delays
Posted inBusiness

NiMet Forecasts Early Rainfall and Encourages Farming Delays

Early rainfall is expected in Kano, Niger, Rivers, and twelve other federation states, according to the Nigerian Meteorological Agency (NiMet).Festus Keyamo, SAN, Minister of Aviation and Aerospace Development, revealed the…
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Posted by Taiwo Ayomide February 11, 2026
Dangote Is Pressured to Lower Diesel Prices
Posted inBusiness

Dangote Is Pressured to Lower Diesel Prices

Alhaji Aliko Dangote, the president of the Dangote Group, has received praise for his involvement in Nigeria's petroleum industry, which has enhanced the product's availability throughout the nation and reduced…
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Posted by Taiwo Ayomide December 31, 2025
NNPC Seeks Bidders for Oil and Gas Assets Amid Revenue Projections of $17 billion
Posted inBusiness

NNPC Seeks Bidders for Oil and Gas Assets Amid Revenue Projections of $17 billion

Plans to sell shares in certain of its oil and gas assets have been revealed by the Nigerian National Petroleum Company (NNPC) Limited.The corporation used an invitation document to announce…
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Posted by Taiwo Ayomide December 31, 2025
A company releases an app to improve tax compliance and increase revenue.
Posted inBusiness

A company releases an app to improve tax compliance and increase revenue.

In order to improve the way taxpayers engage with the tax system and promote the country's fiscal sustainability under the 2025 Tax Reforms, Zend Technology Company Limited has introduced "Zend…
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Posted by Taiwo Ayomide December 31, 2025

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