Business News
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259NUPRC Threatens Sanctions for Undeveloped Flare Gas Sites
The Nigerian Upstream Petroleum Regulatory Commission has warned that companies awarded flare gas commercialisation sites risk losing their permits if they fail...
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364PAPSS Expands Across Africa as Cross-Border Payments Rise
The Pan-African Payment and Settlement System plans to connect every African country to its cross-border payment network within the next five years,...
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364Nigeria’s Foreign Trade in Goods Rose by 5.6% Y/Y
According to the National Bureau of Statistics (NBS), Nigeria’s total foreign trade in goods rose by 5.6% y/y to NGN41.44 trillion in...
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223FG Moves to Deepen Nigerian Businesses’ Access to ECOWAS, AfCFTA Opportunities
The Federal Ministry of Affairs has moved to deepen Nigerian businesses’ access to opportunities around the Economic Community of West African States...
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308Stocks Rise as Fed Hike Bets Ease, Dollar Steadies
Global stocks extended their advance as easing bets on a Federal Reserve interest-rate hike this month lifted sentiment. The dollar steadied after...
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304
AU to Launch African Credit Rating Agency on October 7
The African Union (AU) will launch the African Credit Rating Agency (AfCRA) on October 7, 2026, in Port Louis, Mauritius, where the...
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255Coverage Hits 61.51% as 4.85m Electricity Customers Remain Unmetered
About 4.85 million active electricity customers remained without meters as at the end of June 2026, despite a sharp increase in monthly...
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230W’Bank Backs Tariff, Subsidy Reforms in Nigeria’s Power Sector
The World Bank Group has said it will support reforms to Nigeria’s electricity tariff and subsidy frameworks as part of efforts to...
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251FG Plans High-Speed Rail Line from Lagos to Maiduguri
The Federal Government has announced plans to develop a high-speed rail system linking Lekki in Lagos to Maiduguri, Borno State, with trains...
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422Stocks, Gold Drop on Fed Rate-Hike Bets; Oil Gains
Global stocks and gold extended losses as hawkish comments from Federal Reserve Chair Kevin Warsh fueled bets on an interest-rate hike next...
