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BUSINESSOct 22Cardoso seeks stronger Nigeria–China payment links to support trade and investmentCardoso stated that desire during an engagement with the leadership of the Industrial and Commercial Bank of China (ICBC), placing the commercial results of financial cooperation at the centre of discussions. The post Cardoso seeks stronger Nigeria–China payment links to support trade and investment appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 22Why Nigeria’s improved growth forecasts still aren’t enough, By Posi OlatubosunA growth rate measures the pace at which total output expands, not how evenly that growth is distributed. Nigeria’s population grows by approximately 2.5 per cent annually. With the economy expanding at just over 4 per cent, output per person increases by perhaps 1.5 to 2 per cent a year. At that rate, average income […] The post Why Nigeria’s improved growth forecasts still aren’t enough, By Posi Olatubosun appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 21Nigeria loses ₦1.13tn yearly to foreign cloud dependency — StudyExperts downplay fears of AI-driven job losses By Omeiza Ajayi ABUJA — Nigeria loses about $850 million, equivalent to ₦1.13 trillion, annually through its reliance on cloud infrastructure provided by a handful of foreign companies, according to research commissioned by global technology philanthropy Luminate. The Chief Executive Officer of Luminate, Melanie Hui, disclosed this on […] The post Nigeria loses ₦1.13tn yearly to foreign cloud dependency — Study appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 21Nigeria’s cocoa exports to US surge to $142m in 2025Nigeria’s cocoa bean exports to the United States rose from $21.7 million in 2024 to $142 million in 2025, according to the US mission in Nigeria. The post Nigeria’s cocoa exports to US surge to $142m in 2025 appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 21Oyedele links N30tn monetary financing to Nigeria’s inflation pressuresAccording to the finance minister, excessive money creation and petrol subsidy spending contributed to economic pressures The post Oyedele links N30tn monetary financing to Nigeria’s inflation pressures appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 21Nigerians demand relief, not mere figuresPresident Bola Tinubu can point to credible evidence that Nigeria’s economy is stabilising. The World Bank says GDP grew by 4.2 per cent in the first half of 2026, against 3.9 per cent a year earlier, and projects average growth of 4.4 per cent through 2028. Inflation, which fell during 2025, has faced renewed pressure […] The post Nigerians demand relief, not mere figures appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 20NCDMB, Dangote, push for sustainable Nigerian contentThe two groups urged a decisive transition from mere regulatory compliance to a stronger national commitment anchored on technological innovation and sustainable financing The post NCDMB, Dangote, push for sustainable Nigerian content appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 20Nigeria’s 2030 manufacturing goal hinges on local engineering capacity, says Dorman Long“If we want manufacturing at 25 percent of GDP, we need to invest in building the engineering base first, not after,” said Chris Ijeli, Managing Director/CEO of Dorman Long Engineering The post Nigeria’s 2030 manufacturing goal hinges on local engineering capacity, says Dorman Long appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 20JP Morgan to secure Nigerian banking licence after N50 billion deposit with CBN – ReportThe expansion push forms part of JP Morgan plan to broaden its presence in Africa, where it is looking to scale up its share of payments, lending, trade finance and corporate banking business. The post JP Morgan to secure Nigerian banking licence after N50 billion deposit with CBN – Report appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 20Tinubu’s reforms spare Nigeria deeper economic crisis – Shettima“What distinguishes this administration from its predecessors is our refusal to pay lip service to the structural reforms Nigeria needs. The post Tinubu’s reforms spare Nigeria deeper economic crisis – Shettima appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 20Deutsche Bank Backs Nigeria Naira , Calls It UndervaluedDeutsche Bank supports the Nigerian Naira, stating that it is undervalued. This assessment could influence investor perception and the economic outlook for Nigeria.riotimesonline.com · Brazil
BUSINESSOct 19United Nigeria Airlines builds health centre in Ekiti…Oyebanji promises equipment, medical personnel By Rotimi Ojomoyela ADO-EKITI — United Nigeria Airlines has constructed and handed over a community health centre, a solar-powered borehole and a perimeter fence to the Ekiti State Government as part of its corporate social responsibility initiative. The facilities, located in Aso-Ayegunle, Ado-Ekiti, were commissioned by Governor Biodun Oyebanji, who […] The post United Nigeria Airlines builds health centre in Ekiti appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 19Nigeria Disagrees With World Bank Over ₦7.7tn Debt Interest PaymentsThe Bank in its recent Nigeria Development Update (NDU) had raised concern over the country’s debt servicing/revenue ratio for the first half of 2026, put at 124 per cent. The post Nigeria Disagrees With World Bank Over ₦7.7tn Debt Interest Payments appeared first on Channels Television.Channels TV
BUSINESSOct 19Electricity: Geometric Power puts Aba ahead of Nigerian citiesBy Emma Ujah, Abuja Bureau Chief For decades, unreliable electricity supply has undermined Nigeria’s industrial growth, forcing businesses to close, driving up production costs and making life increasingly difficult for households. From textile mills in Kaduna, Kano, Lagos and Onitsha to vehicle assembly plants, tyre factories and footwear manufacturers, several once-thriving industries have struggled or […] The post Electricity: Geometric Power puts Aba ahead of Nigerian cities appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 19Nigeria Has Not Decided How to Regulate Chinese Businesses . Who Will Decide ? Nigeria has not yet finalized its approach to regulating Chinese businesses within its borders, raising questions about future policy decisions. This indicates an unresolved matter concerning international business relations and economic policy.allafrica.com · Nigeria
BUSINESSOct 19Firm pushes to revive Nigeria cocoa industry with 45 , 000mtt – Daily TrustA firm is working to revitalize Nigeria's cocoa industry with a significant production target. This represents a notable business and agricultural development for the region.dailytrust.com · Niger
BUSINESSOct 19Electricity: Geometric Power puts Aba ahead of Nigerian citiesGeometric Power Chairman, Professor Nnaji, described the Aba Integrated Power Project, an investment exceeding $900 million, as a dream come true. The post Electricity: Geometric Power puts Aba ahead of Nigerian cities appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 18NCDMB, Heritage Energy train 48 Nigerians in subsea engineeringThe programme combines six months of classroom instruction with six months of structured on-the-job training, giving participants specialised knowledge and practical experience in subsea engineering The post NCDMB, Heritage Energy train 48 Nigerians in subsea engineering appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 18ESDIAC secures licence to operate in Nigeria’s data marketThe licence paves the way for expansion of the company’s telecommunications and digital communication services The post ESDIAC secures licence to operate in Nigeria’s data market appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 18Nigeria Food Import Bill Hits $1 . 19bn In 6 Months Despite Push For Local ProductionNigeria's food import bill reached $1.19 billion over six months, despite efforts to boost local production. This indicates ongoing challenges in achieving food self-sufficiency and managing trade balances.leadership.ng · Nigeria
BUSINESSOct 18Customs, Afreximbank plan Nigeria-Benin, Cameroon border upgradeBy Emma Ujah, Abuja Bureau Chief The Nigeria Customs Service (NCS) has commenced discussions with the African Export-Import Bank (Afreximbank) on plans to modernise Nigeria’s borders with Benin Republic and Cameroon to improve trade facilitation and cross-border efficiency. The proposed sub-regional programme is also aimed at advancing the objectives of the African Continental Free Trade […] The post Customs, Afreximbank plan Nigeria-Benin, Cameroon border upgrade appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 18Stalled wind farm project in Katsina typifies Nigeria’s struggle to build renewable-energy industryThis report examines why Nigeria has struggled to turn renewable energy projects into a sustained industry, citing the Lambar-Rimi wind farm project in Katsina State. The post Stalled wind farm project in Katsina typifies Nigeria’s struggle to build renewable-energy industry appeared first on Premium Times Nigeria.Premium Times
BUSINESSOct 18Nigeria has world’s highest number of poor people – EU….commits €45m aidEU Ambassador to Nigeria and the Economic Community of West African States, Gautier Mignot, has said Nigeria probably has the highest number of people living below the poverty threshold globally The post Nigeria has world’s highest number of poor people – EU….commits €45m aid appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 18Large foreign reserves don’t mean Nigeria is better off — Chike-ObiFormer Fidelity Bank chairman, Mustafa Chike-Obi, has questioned the economic benefits of Nigeria’s foreign reserves, arguing that maintaining reserves of between $52 billion and $53 billion could cost the country more than $10 billion annually. Chike-Obi spoke on Thursday during an episode of Policy Without Politics, a podcast he hosts with Ken Ikpe. He said […] The post Large foreign reserves don’t mean Nigeria is better off — Chike-Obi appeared first on Vanguard News.Vanguard Nigeria
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