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Nigeria’s Bread Industry Faces Crisis as 40% of Premium Breadmakers Association Members Close Businesses
Nigeria's bread manufacturing industry is experiencing significant financial pressure, with the Premium Breadmakers Association of…
Business
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Federal Government Signs Port Harcourt Airport Concession Deal to Attract Private Investment
Nigeria's aviation industry has recorded another significant development as the Federal Government signs a concession…
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Ogun State Attracts $1.8 Billion Industrial Investment as Lee Group Begins Construction of 29 Factories
Ogun State has taken another step towards expanding its manufacturing industry following the official groundbreaking…
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₦639 Billion Unpaid Gas Debt Raises Fresh Concerns Over Nigeria’s Electricity Supply
Nigeria's electricity sector faces another major challenge as unpaid gas obligations estimated at approximately ₦639…
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Nigeria’s Exports to China Fall 54% as Trade Deficit Widens to ₦5.41 Trillion Despite Zero Tariffs
Nigeria's trade relationship with China is facing renewed scrutiny after merchandise exports to the Asian…
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Nigerian Governors Develop Uniform Electricity Tariff Framework to Improve Power Market Regulation
Nigeria's state governments are working towards a more coordinated electricity pricing system as the Nigeria…
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Economy
Afreximbank Provides $75 Million Financing to Boost Nigerian SMEs, Exports and Creative Industries
Nigerian small and medium-sized businesses are set to benefit from expanded financing opportunities following a…
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World Bank Approves $500 Million for Nigeria to Combat Flooding, Restore Farmland and Support Rural Communities
Nigeria has secured approval for an additional $500 million in World Bank financing aimed at…
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Nigeria’s Major Banking Groups Expand Assets to ₦195 Trillion as Combined Profits Reach ₦3.11 Trillion
Nigeria's leading listed banking groups have recorded continued balance-sheet growth, with six major financial institutions…
Business
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Dangote Refinery IPO Draws ₦5.85 Trillion in Investor Applications, Exceeding Initial Fundraising Target
Dangote Petroleum Refinery has reportedly attracted share applications worth approximately ₦5.85 trillion ($4.1 billion) in…
