Category: Business
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LAGOS COURTS INVESTORS AT NIGERIA–UAE FORUM
Sanwo-Olu promises a business-friendly Lagos as city positions itself for global investment. Governor Babajide Sanwo-Olu on Monday urged local and international investors to explore Lagos’ vast opportunities, pledging supportive policies, robust infrastructure, and a secure environment. Speaking at the Nigeria–UAE Investment Forum, ‘Investopia Global Africa’, the governor highlighted key projects including the Lekki Deep Sea…
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AFRICA’S 180TCF GAS STUCK AS RULES, MARKETS FAIL TO ALIGN — NUPRC
The gas is there, the demand is real — but broken policies and fragmented markets are keeping Africa’s energy wealth underground. More than 180 trillion cubic feet of discovered natural gas across Africa remains untapped because of unaligned fiscal rules, inconsistent regulations and fragmented markets, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned. Speaking…
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FG PUSHES PERFORMANCE-DRIVEN LOCAL CONTENT FOR AFRICA’S GAS BOOM
From box-ticking to real industrial power — Nigeria wants local content that delivers jobs, tech and global competitiveness. The Federal Government is calling for a major rethink of Africa’s local content strategy, urging a shift from compliance-based rules to performance-driven frameworks that can truly power industrial growth in the gas sector. Speaking at the 2026…
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LAGOS GOV SEEKS DEEPER WORLD BANK PARTNERSHIP
Sanwo-Olu eyes investments in energy, agriculture, tourism & human capital Lagos State Governor Babajide Sanwo-Olu has expressed readiness to deepen collaboration with the World Bank Group, targeting sectors like energy, agriculture, tourism, and human capital development. Speaking on Sunday at Lagos House, Marina, while hosting a World Bank delegation led by Managing Director (Operations) Anna…
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OPEN THE DOORS BOTH WAYS: EXPERT DEMANDS VISA RECIPROCITY IN NIGERIA’S TRADE DEALS
No mobility, no real benefits — policy expert says trade pacts must work for Nigerians, not just capital The Founder of the Africa Development Studies Centre (ADSC), Victor Oluwafemi, is urging the Federal Government to make visa reciprocity a non-negotiable part of Nigeria’s trade and economic agreements. In a statement from Abuja, Oluwafemi argued that…
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ONITSHA MAIN MARKET GETS A FACELIFT AS SOLUDO, TRADERS AGREE ON PHASED REMODELLING
After talks at Government House, traders back upgrade plan aimed at order, safety and global standards Anambra State Government has reached a deal with traders to kick off a phased remodelling of the Onitsha Main Market, paving the way for better infrastructure, order and sustainability. Governor Chukwuma Soludo announced the agreement after a dialogue with…
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NAIRA ENDS WEEK STRONGER, GAINS AGAINST DOLLAR
CBN reforms boost confidence as local currency posts steady week-long rally The naira wrapped up the week on a positive note, appreciating further against the U.S. dollar at the official market to close at ₦1,386.55/$1 on Friday. Data from the Central Bank of Nigeria (CBN) show the currency gained ₦10.43, a 0.7% improvement from Thursday’s…
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NGX ENDS WEEK MIXED AS MARKET VALUE JUMPS ₦184BN
Fresh share listings lift capitalisation despite a slight dip in the index Trading on the Nigerian Exchange (NGX) closed on a mixed note on Friday, with market capitalisation climbing by ₦184 billion even as the benchmark index slipped slightly. Market value rose 0.17% to ₦106.15 trillion, boosted mainly by Presco’s additional 166.7 million shares and…
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LIRS SHIFTS EMPLOYERS’ TAX FILING DEADLINE TO FEB. 7
More time for businesses as Lagos tax office grants one-week extension The Lagos State Internal Revenue Service (LIRS) has given employers a short breather, extending the deadline for filing annual tax returns from February 1 to February 7. LIRS Chairman, Dr Ayodele Subair, said the move is to help employers submit accurate and complete returns,…
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LOW-INCOME INVESTORS URGED TO PICK SAFE, REGULATED OPTIONS
Experts say low-risk investments are key to protecting income amid Nigeria’s economic challenges Financial and economic specialists are urging Nigerians—especially low-income earners—to prioritise regulated, low-risk investments to safeguard their earnings during tough economic times. Prof. Wale Oni, an agricultural economist at the University of Ibadan, stressed that oversight by the Securities and Exchange Commission (SEC)…
