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BUSINESS1d agoFG, States, LGs Share ₦2.4trn September 2026 RevenueThe N2.428 trillion total distributable revenue comprised distributable statutory revenue of N1.672 trillion and distributable Value Added Tax (VAT) revenue of N756.587 billion. The post FG, States, LGs Share ₦2.4trn September 2026 Revenue appeared first on Channels Television.Channels TV
BUSINESS1d agoIMF Raises Africa Regional Economic Outlook, Lauds ResilienceThe Fund upgraded its growth forecast for the region by 0.2 percentage points from its last World Economic Outlook update in April, noting that global energy supply adjustments and private sector adaptation helped cushion the shock of the war's effect. The post IMF Raises Africa Regional Economic Outlook, Lauds Resilience appeared first on Channels Television.Channels TV
BUSINESS1d agoLagos Trade Fair Complex condemns counterfeit drinks production after NAFDAC raidNAFDAC had announced a seizure of counterfeit products worth more than N2 billion and arrested two suspects during a raid on the trade fair complex. The post Lagos Trade Fair Complex condemns counterfeit drinks production after NAFDAC raid appeared first on Premium Times Nigeria.Premium Times
BUSINESS1d agoNigerian authors gain global distribution channel as Spotify launches audiobooksThe service gives Nigerian listeners access to more than 350,000 titles. The post Nigerian authors gain global distribution channel as Spotify launches audiobooks appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoTanzania closes in on $42 billion gas development projectThe liquefied natural gas project — led by Equinor and Shell is expected to unlock 47.13 trillion cubic feet of natural gas ⁠reserves, Reuters reported, enough to place Tanzania among Africa's top six holders of gas reservesAfricanews [en]
BUSINESS2d agoPlateau motorists pay ₦1,420 for petrol at NNPC stations as other outlets charge ₦1,492PREMIUM TIMES' checks at filling stations across Plateau State capital on Wednesday, 14 October, showed that outlets operated by the Nigerian National Petroleum Company Limited sold petrol at ₦1,420 per litre, while other filling stations charged between ₦1,472 and ₦1,492. The post Plateau motorists pay ₦1,420 for petrol at NNPC stations as other outlets charge ₦1,492 appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoFormula 1: Can Kagame's financial gamble pay off?En obtenant le retour de la F1 sur le continent, le Rwanda s’offre une vitrine internationale inédite. Et réalise un coup sportif d’envergure dont la facture financière reste un mystère.Jeune Afrique
BUSINESS2d agoFake Drinks Bust: Trade Fair Complex vows zero tolerance, backs NAFDACBy John Alechenu, Abuja The management of the Lagos International Trade Fair Complex Management Board (LITFCMB) has vowed zero tolerance for the production and distribution of counterfeit goods within its facility, following the arrest of two persons allegedly linked to the illegal revalidation of expired drinks and production of counterfeit consumables. The Board condemned the […] The post Fake Drinks Bust: Trade Fair Complex vows zero tolerance, backs NAFDAC appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoCardoso: Why CBN took market by surprise on interest rateBangkok, Thailand: The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has explained why the apex bank’s latest monetary policy decision took the market by surprise, saying the need to correct a faulty monetary policy transmission mechanism, alongside improving macroeconomic conditions, informed the move. The post Cardoso: Why CBN took market by surprise on interest rate appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoAbiodun’s Industrial Expansion: As Ogun lines up $17bn investment, By Kayode AkinmadeA $7bn-plus deep seaport deal, a proposed $10bn LNG project, more than 1,600 kilometres of roads and a cargo airport underscore Ogun State’s ambition to become a leading investment and industrial hub The post Abiodun’s Industrial Expansion: As Ogun lines up $17bn investment, By Kayode Akinmade appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoOPay named Digital Bank and Financial Inclusion Leader at BAFI 2026The dual recognition reflects OPay’s commitment to delivering accessible, reliable, secure and convenient financial services through technology. The post OPay named Digital Bank and Financial Inclusion Leader at BAFI 2026 appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoJUST IN: Cardoso explains reasons behind MPC interest rate cut, hails synergy with fiscal authorities“It took the market by surprise, and markets, as we know, generally don't like surprises,” Mr Cardoso said at the panel discussion themed “How Central Banks Decide—Committee Decision-Making and Communication in an Era of Uncertainty”. The post JUST IN: Cardoso explains reasons behind MPC interest rate cut, hails synergy with fiscal authorities appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoDMO offers N7.15 trn bond for October  subscriptionBy Elizabeth Adegbesan The Federal Government through the Debt Management Office, DMO, has offered N7.15 trillion FGN Bond for September subscription. DMO disclosed this in its latest announcement saying that   the N17.5 trillion offer comes in three tranches. The first tranche is N500 billion for February 2034 (10 year reopening) bond with a 19 percent […] The post DMO offers N7.15 trn bond for October subscription appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoStakeholders urge insurance, pension operators to prioritise customer valueBy Rosemary Iwunze Stakeholders in the insurance and pension sectors have urged operators to deploy funds raised through recapitalisation to improve services, develop innovative products and strengthen customer confidence. They made the call in Lagos during a panel discussion at the 11th Annual Conference of the Nigerian Association of Insurance and Pension Editors (NAIPE). The […] The post Stakeholders urge insurance, pension operators to prioritise customer value appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoShell to sell Nigeria domestic gas business to Vaaris EnergyBy Faith Odukomaiya Shell Petroleum B.V. has signed an agreement to sell its full interest in Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian energy company, as the oil major refocuses its investments on strategic businesses. Shell’s Country Chair in Nigeria, Elohor Aiboni, said the transaction would provide a platform for the domestic […] The post Shell to sell Nigeria domestic gas business to Vaaris Energy appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoBOS Africa, Temple Company partner to develop sports business professionalsThe partnership will combine professional education with practical industry experience in sponsorship, athlete management, sports media, intellectual property and content production. The post BOS Africa, Temple Company partner to develop sports business professionals appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoDollar to Naira exchange rate today, October 15, 2026The Nigerian Naira held steady with a marginal upward trajectory against the United States Dollar on October 15, 2026, maintaining its stability across both the official window and the parallel market. The post Dollar to Naira exchange rate today, October 15, 2026 appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoForex inflow rises 23% to $35bn, as outflow declinesBy Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow grew by 23.2 percent year-on-year, YoY, to $35.77 billion in the first half of 2026 (H1’26) from $29.77 in the corresponding period of 2025. Vanguard analysis of data from the Central Bank of Nigeria, CBN, Quarterly Statistical Bulletin and Data for the review period showed that […] The post Forex inflow rises 23% to $35bn, as outflow declines appeared first on Vanguard News.Vanguard Nigeria
BUSINESS2d agoGrowtech West Africa, National Agricultural Development Fund partner to strengthen Nigeria’s agricultural growth, food securityThe collaboration connects Growtech’s international network of agricultural businesses, technology providers, and industry experts with NADF’s mandate to expand access to agricultural finance, strengthen productivity, and support food security in Nigeria The post Growtech West Africa, National Agricultural Development Fund partner to strengthen Nigeria’s agricultural growth, food security appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoGrowtech West Africa, National Agricultural Development Fund partner to strengthen Nigeria’s agricultural growth, food securityThe collaboration connects Growtech’s international network of agricultural businesses, technology providers, and industry experts with NADF’s mandate to expand access to agricultural finance, strengthen productivity, and support food security in Nigeria The post Growtech West Africa, National Agricultural Development Fund partner to strengthen Nigeria’s agricultural growth, food security appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoSA analyst says a stagflationary recession risk is growingAn analyst from South Africa has indicated a growing risk of a stagflationary recession. This assessment highlights potential economic challenges ahead.Seeking Alpha Tech
BUSINESS2d agoAFC appoints Cardoso as board chairmanMr Cardoso’s appointment comes as the AFC continues to expand its role in financing and developing strategic infrastructure assets that address Africa’s infrastructure gap, accelerate industrialisation and strengthen regional integration. The post AFC appoints Cardoso as board chairman appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoCBN restates single-digit inflation target as FG woos investors with tax credits“The reason why we felt it was important to give ourselves this (Single-digit) as a target is to recognise the fact that inflation is probably the biggest threat to the poor, and so it is critical that we bring it down to levels that are more manageable, rather than the situation where you feel ‘okay, you're lower double digits, and it's okay’. It isn't okay,” the governor said. The post CBN restates single-digit inflation target as FG woos investors with tax credits appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoAbiodun moves to upgrade Cooperative College, cites over ₦1bn in small business loansThe governor said the initiative was aimed at strengthening cooperative institutions, developing professional manpower and expanding access to finance for grassroots enterprises. The post Abiodun moves to upgrade Cooperative College, cites over ₦1bn in small business loans appeared first on Premium Times Nigeria.Premium Times
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