Business and economic news
Nigeria’s headline inflation rate declined slightly to 15.10% in January 2026, while food inflation dropped more sharply, according to the latest NBS CPI data.
Liberia has appointed Senior Advocate of Nigeria Dapo Akinosun as Honorary Consul in Lagos, a move both countries say will strengthen trade, consular support and broader bilateral cooperation. The appointment was conveyed in a letter signed by Liberia’s Foreign Affairs Minister, Sara Nyanti, who said
The Nigerian Independent System Operator says inadequate gas supply to thermal plants has reduced available generation to about 4,300MW, forcing load shedding as the grid struggles to meet national demand.
Mikano Motors and Autochek Africa have launched a partnership in Lagos to let buyers browse new vehicles online and apply for structured financing from banking partners.
IPMAN says it is pushing a housing drive for members nationwide, with a first phase of 1,500 units at the IPMAN/G4Tech Energy Estate along Airport Road in Abuja.
NIMASA says Nigeria is moving to finalise a national maritime decarbonisation action plan under the IMO GreenVoyage2050 project, with regulators and industry players tasked with aligning climate goals and shipping growth.
FPNG Co-Nvest Limited has crossed the 5 per cent substantial-shareholding threshold in NGX Group, a move analysts say could influence voting dynamics and long-term positioning in Nigeria’s capital market.
MTN, Airtel generate N6.8tn in Nigeria as data revenue surges past N3.5tn has attracted attention in Nigeria, as fresh details emerged from the report. Nigeria’s two largest telecommunications operators, MTN Nigeria Communications Plc and Airtel Nigeria, gener
‘Unreliable Tax Policies, Double VAT Undermining AfCFTA In West Africa’ has attracted attention in Nigeria, with key details from the report. LAGOS – Experts have warned that inconsistent tax laws and poor harmonisation of fiscal policies across West Africa ar
Shareholders of Transcorp Hotels Plc approved a N13 billion dividend for 2025 after revenue rose to N97 billion and profit increased 45 per cent to N32.8 billion. Management is targeting further growth in 2026 through energy cost savings, technology, and the planned Transcorp Hotel, Ikoyi project in Lagos.
A new policy critique says Ajaokuta Steel has become a costly symbol of stalled industrial ambition, urging Nigeria to choose between strict, phased commercial revival and investment in modern steel alternatives.
In a fresh development, elon Musk’s X is making it easier for advertisers to bring their creative campaigns from other social sites to its platform. On Thursday, the company launched an expanded set of aspect ratio support for both image an...
