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BUSINESS15h agoCustoms generates N1.38trn, seizes smuggled goods worth N61.3bn in 2 monthsThe Nigeria Customs Service (NCS) says it generated N1.38 trillion in July and August while intercepting smuggled goods with a combined Duty Paid Value exceeding N61.3 billion. The National Public Relations Officer of the NCS, DCC Abdullahi Maiwada, disclosed this on Tuesday in Abuja at the Joint Security News Briefing by security and law enforcement […] The post Customs generates N1.38trn, seizes smuggled goods worth N61.3bn in 2 months appeared first on Vanguard News.Vanguard Nigeria
BUSINESS15h agoCacao: Ivory Coast launches a test seasonNouveau calendrier, tensions liées aux invendus, spéculation, contrebande… Abidjan lance la campagne de commercialisation de ses fèves de cacao dans un contexte tendu. Et les défis pour consolider la filière demeurent nombreux.Jeune Afrique
BUSINESS15h agoGladiator Metals gets conditional approval for NSX listingGladiator Metals has received conditional approval for listing on the NSX.Seeking Alpha Tech
BUSINESS15h agoOil resumption: No threats to Ogoni negotiations with FG, MOSOP affirms"MOSOP will never be persuaded by any form of propaganda or incitement to pursue a path that sustains the conflict when other parties to the conflict, including the federal government, are offering an opportunity for dialogue," Nsuke said. The post Oil resumption: No threats to Ogoni negotiations with FG, MOSOP affirms appeared first on Vanguard News.Vanguard Nigeria
BUSINESS17h agoShoprite Holdings Non-GAAP EPS of R 15.792, revenue of R 274.8BShoprite Holdings reported Non-GAAP EPS of R 15.792 and revenue of R 274.8B. This provides an update on the company's financial performance for a specific period.Seeking Alpha Tech
BUSINESS18h agoNUPRC clarifies $300 helicopter levy, exempts offshore oil operations from TNCThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the 300-dollar helicopter levy for air navigational services remains payable, while the Terminal Navigational Charge (TNC) does not apply to offshore petroleum operations. The post NUPRC clarifies $300 helicopter levy, exempts offshore oil operations from TNC appeared first on Vanguard News.Vanguard Nigeria
BUSINESS19h agoSimandou: how Guinea can avoid the resource curse trapAvec l’entrée en production du méga-gisement de fer de Simandou, la Guinée affiche l’une des croissances les plus dynamiques du continent. Cependant, le pays doit encore transformer cette manne en un moteur de développement durable. Une gageure.Jeune Afrique
BUSINESS20h agoSasol Non-GAAP EPS of R38,31.00, revenue of R272.12BSasol reported its Non-GAAP Earnings Per Share (EPS) as R38,31.00 and revenue of R272.12 billion. This provides an update on the company's financial performance.Seeking Alpha Tech
BUSINESS20h agoOML 42: Nestoil targets improved oil production with $28m investmentNestoil Group, yesterday disclosed that it has invested about $28 million in two drilling rigs as part of efforts to boost crude oil production and strengthen indigenous drilling capacity in Nigeria. The Group, in a statement, said through its strategic business unit, Scorpio Drilling International, it recently deployed the Pathfinder 500 rig to Oil Mining […] The post OML 42: Nestoil targets improved oil production with $28m investment appeared first on Vanguard News.Vanguard Nigeria
BUSINESS20h agoBanks’ borrowing drops 89% to N126bnBanks’ borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility, SLF, declined by 89 percent to N126 billion in August 2026 from N1.19 trillion in July 2026, reflecting higher liquidity in the banking system. The CBN has two short term lending windows for banks: the      Standing Lending Facility (SLF) and Repo […] The post Banks’ borrowing drops 89% to N126bn appeared first on Vanguard News.Vanguard Nigeria
BUSINESS20h agoElectricity subsidy bill hits N1.92trn in 2025 — NERCBy ObasEsiedesa, Abuja The electricity tariff subsidy obligation of the Federal Government (FG) stood at N1.92 trillion in 2025, as the government continues to absorb the gap between cost-reflective electricity tariffs and rates paid by customers, according to the Nigerian Electricity Regulatory Commission (NERC). NERC, in its 2025 industry report, put the government’s gross tariff […] The post Electricity subsidy bill hits N1.92trn in 2025 — NERC appeared first on Vanguard News.Vanguard Nigeria
BUSINESS20h agoNigeria’s GDP rises 4.4% as oil sector reboundsBy Elizabeth Adegbesan The National Bureau of Statistics (NBS), yesterday,  said that the Nigerian economy expanded in real terms by 4.43 percent  year-on-year, YoY, in the second quarter of 2026, Q2’26  from 4.2 percent  in Q2’25. NBS disclosed this in its Gross Domestic Product, GDP, report for Q2’26 noting that both the oil and non-oil […] The post Nigeria’s GDP rises 4.4% as oil sector rebounds appeared first on Vanguard News.Vanguard Nigeria
BUSINESS21h agoDollar to Naira exchange rate today, September 1, 2026The Nigerian naira is trading at different rates against the US dollar across the official foreign exchange market and the parallel market as of Tuesday, September 1, 2026. The post Dollar to Naira exchange rate today, September 1, 2026 appeared first on Vanguard News.Vanguard Nigeria
BUSINESS22h agoHow PCEA Sh650M Milele Hotel Loan Snowballed Into a Sh1B Debt CrisisA Sh650M loan for the PCEA Milele Hotel reportedly escalated into a Sh1B debt crisis. This situation illustrates the financial challenges faced by the organization and the potential complexities of large-scale lending.nairobiwire.com · Kenya
BUSINESS23h agoINVESTIGATION: Oil companies violate Nigerian laws, flare gas, face no sanctions (1)Four years after Nigeria tightened its anti-gas flaring laws, a PREMIUM TIMES investigation finds weak enforcement, rising methane emissions, with oil-producing communities paying severely for these. The post INVESTIGATION: Oil companies violate Nigerian laws, flare gas, face no sanctions (1) appeared first on Premium Times Nigeria.Premium Times
BUSINESS23h agoDangote / NNPCL feud : Technology of cooperating with one enemiesThis article discusses a feud between Dangote and NNPCL, with an unusual perspective on cooperation with adversaries. It implies a significant dispute between two major entities.punchng.com · Nigeria
BUSINESS23h agoOversight: Dangote Refinery secures court’s orders against NMDPRAA Federal High Court sitting in Lagos has restrained the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, a federal agency charged with the responsibility to regulate, monitor, supervise technical and commercial operations... The post Oversight: Dangote Refinery secures court’s orders against NMDPRA appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoSECURING NIGERIA ECONOMIC RE - BIRTH – THISDAYLIVEThis article discusses efforts to secure Nigeria's economic resurgence. It highlights ongoing initiatives for the nation's financial recovery and growth.thisdaylive.com · Nigeria
BUSINESS1d agoNigeria GDP grows by 4 . 43 % in Q2 of 2026 NBSNigeria's Gross Domestic Product (GDP) grew by 4.43% in the second quarter of 2026, according to the National Bureau of Statistics (NBS). This data provides insight into the country's economic performance.tribuneonlineng.com · Nigeria
BUSINESS1d agoIbom Air’s latest Airbus aircraft is second among the 10 ordered by ex-Gov Emmanuel’s administrationBesides establishing Ibom Air and overseeing its steady growth, the Emmanuel administration also built the new international terminal at the Uyo airport, which has continued to enthrall air passengers. The post Ibom Air’s latest Airbus aircraft is second among the 10 ordered by ex-Gov Emmanuel’s administration appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoTinubu Welcomes Nigeria’s 4.43% GDP Growth, Promises Stronger Microeconomic PerformancePresident Bola Tinubu urged Nigerian to stay vigilant by ensuring the sustainable progress recorded remains irreversible. The post Tinubu Welcomes Nigeria’s 4.43% GDP Growth, Promises Stronger Microeconomic Performance appeared first on Channels Television.Channels TV
BUSINESS1d agoTinubu welcomes GDP growth report, assures stronger microeconomic performancePresident Bola Tinubu has welcomed the news on Monday from the National Bureau of Statistics, which shows that Gross Domestic Product for the second quarter of 2026 grew by 4.43 per cent, up from 4.23 per cent in the second quarter of 2025. The post Tinubu welcomes GDP growth report, assures stronger microeconomic performance appeared first on Vanguard News.Vanguard Nigeria
BUSINESS1d agoKenya airport staff strike delays thousands of passengersIn tonight's edition, a workers' strike at Kenya's main airport leaves travelers grounded. Also, Ghanaian cocoa farmers are ramping up their pushback against a new law preventing them from using their land for anything else without permission. And in Tunisia, Sidi Bou Said's been recognized by UNESCO as being important to global heritage.France 24 [en]
BUSINESS1d agoDangote Refinery secures court orders against NMDPRAJustice Akintayo Aluko made the order on Monday while granting a motion ex parte in suit marked FHC/L/CS/1174/26, filed and moved by lawyers to the Dangote Petroleum Refinery led by Olawale Akoni, SAN. The post Dangote Refinery secures court orders against NMDPRA appeared first on Vanguard News.Vanguard Nigeria
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