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BUSINESSAug 11ECOWAS to offer $65,000 to Nigerian startups — How to applyThe Economic Community of West African States (ECOWAS) has opened applications for its 2026 Startup Awards, with a total cash prize of $65,000 up for grabs among the top three startups. The post ECOWAS to offer $65,000 to Nigerian startups — How to apply appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 11In Kaduna, TMDK Group is strengthening Nigeria’s energy, food securityLying quietly beside the road is the TMDK Agro Industrial Park, estimated to cost $75 million, with the potential to unlock northern Nigeria’s agricultural wealth and address Nigeria’s food security concerns. The post In Kaduna, TMDK Group is strengthening Nigeria’s energy, food security appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 11US-Africa Trade Commission appoints Aremu as Nigeria Country DirectorThe U.S.-Africa Trade Commission has appointed Dr. Fakunle John Aremu as its Country Director for Nigeria, according to an appointment letter dated July 10, 2026. Aremu is an international trade, investment and economic development executive with over 15 years of experience across Africa. In the letter signed by Titus Olowokere, the commission’s Executive Director/CEO, Aremu […] The post US-Africa Trade Commission appoints Aremu as Nigeria Country Director appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 11Nigerian cost of living pain deepens as election loomsNigeria is experiencing an exacerbation of its cost of living crisis, occurring as an election approaches. This highlights worsening economic conditions in the country with potential political implications.businessghana.com · Ghana
BUSINESSAug 11Low import bill pushes Nigeria’s trade surplus to $3.46bBy Elizabeth Adegbesan Driven by an 18.7 percent decline in import bill, Nigeria’s trade surplus rose by 32.06 percent month-on-month (MoM) to $3.46 billion in April 2026 from $2.62 billion in March 2026. The Central Bank of Nigeria, CBN, disclosed this yesterday in its April 2026 Economic Report. CBN said: “The goods account recorded a […] The post Low import bill pushes Nigeria’s trade surplus to $3.46b appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 10Tinubu’s subsidy removal, FX reforms, stabilising Nigeria’s economy – Zacch AdedejiHe said the reforms by the Tinubu administration were necessary because it inherited an economy burdened by an unsustainable fuel subsidy regime, an opaque foreign exchange market, an underperforming oil sector and a narrow tax base. The post Tinubu’s subsidy removal, FX reforms, stabilising Nigeria’s economy – Zacch Adedeji appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 10Dangote refinery shifts Nigeria towards domestic value additionBy Udeme Akpan Nigeria’s petroleum industry is undergoing a shift from an export-driven crude oil model towards greater domestic processing following the operationalisation of the Dangote Petroleum Refinery in Lagos. For decades, Nigeria exported crude oil while importing refined petroleum products, including petrol, diesel and aviation fuel. The model generated foreign exchange from crude exports […] The post Dangote refinery shifts Nigeria towards domestic value addition appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 10Nigerian newspapers review: Only 6 banks pay N1.27trn dividends despite huge profitsIn today’s Nigerian newspapers review programme, Today in the News, Vanguard's lead headline states that only six banks paid N1.27 trillion in dividends despite declaring huge profits. The post Nigerian newspapers review: Only 6 banks pay N1.27trn dividends despite huge profits appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 10Nigeria Economy Recovering After Painful Reforms NRSNigeria's economy is showing signs of recovery following a period of challenging reforms. This indicates a positive shift in the country's economic outlook after difficult policy changes.opinionnigeria.com · Nigeria
BUSINESSAug 10Nigeria’s FDI jumps 148% despite Africa’s investment declineBy Yinka Kolawole Nigeria emerged as one of Africa’s strongest foreign investment performers in 2025, recording a 148 per cent increase in Foreign Direct Investment (FDI) inflows despite a sharp decline across the continent, according to the UN Trade and Development (UNCTAD) World Investment Report 2026. The report showed that global FDI rebounded by six per […] The post Nigeria’s FDI jumps 148% despite Africa’s investment decline appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 10Nigerians are increasingly borrowing to build houses — CBN·Other lendings rise, lenders report low default rates By Elizabeth Adegbesan Credit for house purchase by households increased to 9.6 index points in the second quarter of 2026 (Q2’26), indicating that Nigerians are intensively borrowing to purchase personal houses. The Central Bank of Nigeria, CBN, disclosed this yesterday in its Credit Condition Survey Report for Q2’26 […] The post Nigerians are increasingly borrowing to build houses — CBN appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 10Nigerian Breweries’ revenue up 9% to N804 bn… restores retained earnings to positive   By Peter Egwuatu  Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced a strong performance for the first half of the 2026, recording a group revenue of N804 billion, representing a 9% increase over the N738 billion reported in the corresponding period of 2025. The company has also restored its […] The post Nigerian Breweries’ revenue up 9% to N804 bn appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 10Nigeria spent N3.1trn on domestic debt servicing in Q1 – DMOThe Debt Management Office, DMO, has said the federal government spent N3.14 trillion on servicing its domestic debt in the first quarter (Q1) of 2026. The post Nigeria spent N3.1trn on domestic debt servicing in Q1 – DMO appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 10Nigeria economy recovering after painful reforms NRSNigeria's economy is reportedly recovering following challenging reforms, according to NRS. This indicates an improvement in the nation's economic situation after a period of difficulty.vanguardngr.com · Nigeria
BUSINESSAug 10Nigeria’s economy recovering after painful reforms —NRSThe Nigeria Revenue Service, NRS, has said the Nigerian economy is showing strong signs of recovery and accelerated growth following a series of “painful” reforms implemented by President Bola Tinubu. The post Nigeria’s economy recovering after painful reforms —NRS appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 10Nigeria needs $1 . 74trn investment to achieve $1trn economy Experts – Daily TrustExperts suggest Nigeria requires $1.74 trillion in investment to reach a $1 trillion economy. This highlights a significant economic goal and the substantial capital needed to achieve it.dailytrust.com · Niger
BUSINESSAug 9Canada-Africa Summit: Lawal, Sani, others to represent Nigeria in TorontoThe maiden investment summit is set to take place in Toronto from 10 to 15 August 2026 The post Canada-Africa Summit: Lawal, Sani, others to represent Nigeria in Toronto appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 9Nigeria Private Sector Expands As Services And Agriculture Offset Industrial WeaknessNigeria's private sector is expanding due to growth in services and agriculture, which is offsetting weaknesses in the industrial sector. This indicates shifts in the country's economic landscape.naija247news.com · Nigeria
BUSINESSAug 9FMBN takes mortgage to London, offers Nigerians abroad N100m loan at 9%…Nigerians in diaspora can now buy homes in Nigeria By John Alechenu ABUJA — The Federal Mortgage Bank of Nigeria, FMBN, has launched a new mortgage scheme in London for Nigerians living abroad who want to own homes in Nigeria. The product, known as the National Housing Fund, NHF, Diaspora Mortgage Loan, was unveiled at […] The post FMBN takes mortgage to London, offers Nigerians abroad N100m loan at 9% appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 9How China’s ‘magic’ rice seeds are transforming the fortunes of Nigerian farmersJust outside the Nigerian capital Abuja, where Green Agriculture West Africa Limited (Gawal) is based, locals do not refer to the company by name, instead as the place where the Chinese supply “magic” rice seeds. Ahmed Yusuf, 42, credits the seeds with turning around his rice business for good. Before Gawal, Yusuf’s yields averaged just 2 tonnes per hectare, putting him on the verge of forsaking farming after more than a decade of toiling. “Each year I was making losses, and I couldn’t meet the...South China Morning Post
BUSINESSAug 7PTDF unveils strategy to support Nigeria’s $1trn GDP targetBy Obas Esiedesa, Abuja The Petroleum Technology Development Fund (PTDF) has unveiled a human capital development strategy aimed at supporting the Federal Government’s target of growing Nigeria’s economy to $1 trillion by 2030 through investment in specialised education, technical skills and energy research. The Executive Secretary of PTDF, Prof. Shua’ibu Aliyu, disclosed this on Friday […] The post PTDF unveils strategy to support Nigeria’s $1trn GDP target appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 7Tinubu welcomes Nigeria into World Energy CouncilBy Johnbosco Agbakwuru, Abuja President Bola Tinubu, has welcomed the formal admission of Nigeria as the newest National Member Committee of the World Energy Council (WEC), describing it as a proud moment for the nation and a strong vote of confidence in Nigeria’s energy reforms and leadership role in Africa. The President said Nigeria’s entry […] The post Tinubu welcomes Nigeria into World Energy Council appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 7Sanwo-Olu, Fashola advocate non-interest finance to drive Nigeria’s economic growthOther industry leaders urged greater adoption of non-interest finance, describing it as a critical tool for mobilising long-term capital and supporting Nigeria’s productive economy. The post Sanwo-Olu, Fashola advocate non-interest finance to drive Nigeria’s economic growth appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 7Nigeria mango industry can drive food security , create jobs – FGThe Federal Government of Nigeria states that the country's mango industry can significantly contribute to food security and job creation. This highlights potential economic and developmental benefits.thesun.ng
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