Business

Dangote says FG economic reforms are boosting Nigeria’s economic recovery and restoring investor confidence

CHAIRMAN and CEO of Dangote Industries Limited (DIL), Aliko Dangote, has commended the federal government for implementing bold and transformative economic reforms that are repositioning Nigeria for sustainable growth, strengthening investor confidence and accelerating the country’s economic recovery. Dangote said...

FG inaugurates committee for Lagos international financial center

The Federal Government has formally inaugurated the National Steering Committee of the Lagos International Financial Center (LIFC) Initiative, marking a major milestone in Nigeria's drive to establish a globally competitive financial center in Africa. Secretary to the Government of the...

FG tasked with accelerating energy sector reforms for Nigeria’s recovery

The federal government has been urged to accelerate power sector reforms to stop the electricity crisis derailing Nigeria's recovery. According to the Director and CEO of the Center for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, the country's...

Political advertising: ARCON will tear down unapproved billboards and prosecute their owners

As campaigns towards the 2027 general elections gain momentum, the Advertising Regulatory Council of Nigeria (ARCON) has said it will remove advertising billboards not approved by the agency, while individuals or corporate entities behind the installation of such billboards...

Domestic refining should be the basis of Nigeria’s fuel supply: Professor Iledare

Renowned Professor of Petroleum Economics, Wumi Iledare, has said domestic refining should serve as the basis of Nigeria's fuel supply. According to him, this approach will improve energy security, reduce vulnerability to currency fluctuations and maintain more economic value...

Record remittances of $947 million in July put $1 billion monthly target in sight – CBN

The Central Bank of Nigeria (CBN) has revealed that Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow ever recorded through formal channels and approaching the $1 billion...

Iran and Nigeria explore regional ties

Iran and Nigeria have explored opportunities to deepen South-South cooperation and strengthen their engagement within the BRICS framework, as Iran's Ambassador to Nigeria, Gholamreza Mahdavi Raja, hosted Nigeria's Ambassador to South Africa, Chief Femi Fani-Kayode, for a working lunch. The...

WhatsApp Business: Meta introduces N14 message charges from October 1

Meta, WhatsApp's parent company, will begin charging businesses for certain messages sent through WhatsApp Business Platform starting October 1, 2026. The company announced the pricing change in a WhatsApp Business Platform update published in July 2026. Under the new system, businesses...

284 kilometer Kano-Katsina railway project at 80 percent completion level — Ministry of Transport

• Sets December 2026 for commissioning The Federal Ministry of Transport has revealed that the 284 kilometer Kano-Katsina railway project is at an 80 per cent completion level. After inspecting the project, the Permanent Secretary of the Ministry of Transport, Engineer...

The naira gains against the dollar in the official foreign exchange market

…Black market (buying and selling rates): N1,405—N1,410 The Nigerian naira gained against the United States (US) dollar, trading at 1,343.5943 naira at the official foreign exchange (FX) window of the Central Bank of Nigeria (CBN) on Wednesday, August 26, 2026. He...

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Banks await CBN clearance as audit delays leave investors without key earnings data

Investors in some of Nigeria's largest listed banks are facing a growing information gap as delays in the completion...