Business and economic news
Mutual Benefits Assurance Plc has announced a broad governance and compliance overhaul, saying the company has strengthened internal controls, reporting procedures, and board-level oversight after concerns raised in earlier public reports. In a corporate statement, the insurer said
Terrahaptix, founded by two young Nigerian entrepreneurs, has secured fresh funding, expanded manufacturing in Abuja, and signed new partnerships aimed at scaling autonomous security systems in Nigeria, other African markets and Saudi Arabia.
TCAN says its 2026 Lagos transport summit will gather industry leaders and policymakers to address logistics bottlenecks, financing, regulation and multimodal integration as Nigeria pushes for stronger trade and economic growth.
A BusinessDay analysis said Mozambique’s LNG expansion could challenge Nigeria’s export lead unless Nigeria accelerates financing, infrastructure and public-private project execution across the gas value chain.
Industry leaders at Lagos Energy Week said Nigeria’s gas expansion depends on affordable long-term financing, faster infrastructure build-out, stronger digital systems and sustained investment in local talent development.
The Federal Government says civil servants who fail verification and skills assessment requirements under the PASGA reform will face salary suspension from March 2026, with possible sanctions for continued non-compliance.
FAAN's enforcement of a cashless toll at the Murtala Muhammed Airport tollgate caused severe congestion on Sunday, stranding motorists and passengers and sparking complaints about rollout readiness.
Federal Government officials say talks with a preferred Chinese investor are advancing on a $2 billion production-sharing deal to revive Ajaokuta, restore steel output, and narrow Nigeria’s trade gap with China.
NECA and the Financial Reporting Council of Nigeria agreed in Lagos to establish a joint technical committee to improve corporate reporting standards, sustainability readiness, and private sector engagement.
Godmade Homes said its Series 1 commercial paper under a N10bn programme closed at N3.70bn after a 123 per cent subscription, with proceeds earmarked for project completion and general corporate use.
Passengers heading to local flights at Lagos airport faced hours of gridlock on Sunday as network failures slowed a new cashless toll system, forcing many to miss departures.
EmPLE said its #ProtectionAsLove campaign shifted Valentine messaging from gifts to long-term planning, with two couples selected for premium experiences after sharing stories of commitment.
