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BUSINESS3d agoIMF Warns Nigeria Against Restoring Petrol SubsidyThe Fund said blanket petrol subsidies are expensive, often benefit higher-income consumers disproportionately, and worsen fiscal pressures amid rising borrowing costs. The post IMF Warns Nigeria Against Restoring Petrol Subsidy appeared first on Channels Television.Channels TV
BUSINESS3d agoWhat African countries, others can learn from Nigeria’s economic reforms – Minister“People can easily tell that because of the reform, life is harder. But you need to show them without the reform, it will be hardest,” he said. The post What African countries, others can learn from Nigeria’s economic reforms – Minister appeared first on Premium Times Nigeria.Premium Times
BUSINESS3d agoQ3: Dangote Refinery Posts $22.5bn Revenue, Records $4.7bn ProfitThe financial performance comes at a defining moment for Dangote Petroleum Refinery, whose IPO is seeking to bring a broader cross-section of Africans into the ownership of one of the continent's most significant industrial investments. The post Q3: Dangote Refinery Posts $22.5bn Revenue, Records $4.7bn Profit appeared first on Channels Television.Channels TV
BUSINESS3d agoGreenwich Bank targets SMEs, farmers, opens branchesBy Peter Egwuatu Greenwich Bank Limited has expanded its commercial banking footprint into Ondo and Ekiti States with the commissioning of branches in Akure and Ado-Ekiti, as the financial institution advances its strategy to bring a broader range of banking services closer to small and medium-sized enterprises (SMEs), entrepreneurs, traders, farmers and other businesses across […] The post Greenwich Bank targets SMEs, farmers, opens branches appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d ago‘It’s Regressive’ – IMF warns Nigeria against restoring petrol subsidyThe International Monetary Fund (IMF) has advised Nigeria against restoring broad petrol subsidies, recommending targeted financial assistance and social protection programmes to cushion vulnerable households against rising energy costs. The fund said blanket fuel subsidies were fiscally expensive, disproportionately benefited higher-income consumers and could worsen pressure on public finances amid rising borrowing costs. Rodrigo Valdés, […] The post ‘It’s regressive’ – IMF warns Nigeria against restoring petrol subsidy appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoW/Bank mobilises $5.79bn private capital for NigeriaBy Emma Ujah, Abuja Bureau Chief The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy. The financing drive is being supported by policy reforms, […] The post W/Bank mobilises $5.79bn private capital for Nigeria appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoNPA targets rail, logistics gaps for efficient Inland dry port operationsBy Godwin Oritse The Nigerian Ports Authority (NPA) has moved to address rail connectivity and logistics challenges affecting inland dry ports as part of efforts to integrate the facilities into the nation’s port system and improve cargo movement across the country. The move followed a meeting between the NPA management, led by its Managing Director, […] The post NPA targets rail, logistics gaps for efficient Inland dry port operations appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoIMF: Nigeria’s banks need stronger safeguards after recapitalisationIMF has warned Nigerian authorities that “the sovereign and bank nexus is also an important area” of concern for African economies. The post IMF: Nigeria’s banks need stronger safeguards after recapitalisation appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoG-24: Nigeria, other developing nations need cheaper financing — Oyedele“Debt vulnerability is a major obstacle to growth in many developing countries,” Oyedele said, highlighting the need for predictable and coordinated approaches The post G-24: Nigeria, other developing nations need cheaper financing — Oyedele appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoNAFDAC Bursts Over 20 Fake Alcoholic Drink Factories At Lagos Trade Fair ComplexTwo suspects were apprehended during the operations, while products seized and evacuated are valued at over ₦2 billion. The post NAFDAC Bursts Over 20 Fake Alcoholic Drink Factories At Lagos Trade Fair Complex appeared first on Channels Television.Channels TV
BUSINESS3d agoNigeria’s private capital inflows hit $6bn as reforms gather pace — W/Bank•Tax-to-GDP ratio rises to 12.5% from 7% — Oyedele By Emma Ujah, Abuja Bureau Chief Nigeria’s private capital inflows have surged nearly 20-fold to almost $6 billion in 2026 from about $300 million in 2023, President of the World Bank Group, Mr. Ajay Banga, has said, just as the Federal Government (FG) said it has […] The post Nigeria’s private capital inflows hit $6bn as reforms gather pace — W/Bank appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoLCCI proposes 20% petrol price cut in 6-month programmeBy Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has proposed a six-month petrol price reduction programme targeting a 15 to 20 per cent cut in pump prices to ease the burden of high energy and transportation costs on Nigerian businesses and households. In a statement, Director-General of LCCI, Dr. Chinyere Almona, said […] The post LCCI proposes 20% petrol price cut in 6-month programme appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoNigerians still suffer high cost of living, despite economic growth — IMFIMF has said despite Nigeria’s economic growth and status as an energy exporter, the cost of living remained high, leaving Nigerians struggling The post Nigerians still suffer high cost of living, despite economic growth — IMF appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoDollar to Naira exchange rate today, October 14, 2026The dollar is trading at different rates in Nigeria’s official and parallel foreign exchange markets on Wednesday, October 14, 2026. The post Dollar to Naira exchange rate today, October 14, 2026 appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoAfrican countries look beyond big creditGlobal Briefing: Continent’s leaders hope the new African Credit Rating Agency can help them save tens of billions of dollars in interest paymentsIrish Times World
BUSINESS3d agoNAFDAC bursts Trade Fair Complex den of fake energy drinks, wine, whisky ‘manufacture’“I deal on drinks. I change the bottle of the drink. It's not that the bottle is not good. It's the drink in there, because the other one is already damaged" The post NAFDAC bursts Trade Fair Complex den of fake energy drinks, wine, whisky ‘manufacture’ appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoShell to sell Nigeria’s domestic gas business to Vaaris EnergyShell announced the deal in a statement on Tuesday, noting the transaction forms part of the strategy to simplify its portfolio and concentrate investments on areas of competitive strength. The post Shell to sell Nigeria’s domestic gas business to Vaaris Energy appeared first on Premium Times Nigeria.Premium Times
BUSINESS3d agoWhy many Nigerians spend more on phone repairs than buying new phonesBy Miracle Onyemuwa The rising cost of smartphones in Nigeria is forcing more consumers to repair damaged devices rather than replace them with new ones. This is more so, as inflation and the depreciation of the naira continue to push phone prices higher. At Computer Village, Ikeja, phone repair shops are seeing increasing numbers of […] The post Why many Nigerians spend more on phone repairs than buying new phones appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoE-commerce, championing Nigeria’s digital journey?•Online shopping sector jumps 15 points to 75% in new report•Customer satisfaction hits 71% despite service quality decline in key sectors•Power, Public Sector trail at 51%, 53%By Prince Osuagwu E-Commerce appears to be one sector in Nigeria where customers are not complaining as much as they used to.While poor service continues to dog several sectors […] The post E-commerce, championing Nigeria’s digital journey? appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoNigeria loses $2bn yearly to cocoa value addition gap — FGBy Cynthia Alo & Kafayat Kokumo The Federal Government (FG) has said that Nigeria loses about $2 billion annually in potential value from cocoa because the country’s processing capacity is largely underutilised. Meanwhile, the International Institute of Tropical Agriculture (IITA), has said that West Africa needs high-yielding, climate-resilient cocoa varieties to improve productivity and protect […] The post Nigeria loses $2bn yearly to cocoa value addition gap — FG appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoCheap transport fare: FG visits 2 CNG vehicle manufacturing firms in Anambra, seeks collaboration…Auto makers hail FG’s new policy on patronageBy Vincent Ujumadu Two auto makers in Anambra State, Innoson Vehicle Manufacturing, IVM, Nnewi, and Kojo Motors Auto Assembly, Umunya, have hailed the Federal Government’s new policy that has made it mandatory for Ministries, Departments and Agencies, MDAs, to patronize locally made vehicles. Officials of the two companies, […] The post Cheap transport fare: FG visits 2 CNG vehicle manufacturing firms in Anambra, seeks collaboration appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoLocal, Intl stakeholders’ hails Oyedele on fiscal reformsBy Henry Ojelu Some local and international stakeholders in the petroleum and economic sectors have commended the Federal Government’s interventions to cushion the impact of rising petrol prices, while calling for transparency and effective implementation to ensure Nigerians benefit. The commendations followed recent measures announced by the Minister of Finance and Coordinating Minister of the […] The post Local, Intl stakeholders’ hails Oyedele on fiscal reforms appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoMidea launches N100,000 purchase-based promo, offers car as grand prizeBy Efe OnodjaeMidea, a home appliance manufacturer, has introduced a nationwide consumer promotion offering a Chery Tiggo 2 Pro as the grand prize, alongside household appliances and other gifts, to customers who meet its purchase requirements.The , tagged WIN 9JA WIN, began on October 10 and will run until December 31, 2026, according to the […] The post Midea launches N100,000 purchase-based promo, offers car as grand prize appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3d agoMining Week: Investors demand clear rules, stronger securityInvestors and key players in Nigeria’s mining sector have called for clearer regulations, improved security and stronger collaboration among government agencies to attract investment and unlock the country’s vast solid mineral resources. The post Mining Week: Investors demand clear rules, stronger security appeared first on Vanguard News.Vanguard Nigeria
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