Business

W/Bank mobilises $5.79bn private capital for Nigeria

By 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, […]
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Shareholders back Mutual Benefits’ strategic growth direction

By Rosemary Iwunze Mutual Benefits Assurance Plc has successfully held its 30th Annual General Meeting (AGM), with shareholders approving all resolutions presented at the meeting, reaffirming their confidence in the company’s strategic direction, governance framework and long-term growth agenda. The meeting, which was convened virtually last week and streamed live to shareholders and stakeholders, was […]

Customs, agents disagree over National Single Window operations

By Godwin Oritse & Efe Onodjae There are indications of festering disagreements over the implementation of the National Single Window (NSW), a centralized digital portal launched by the Federal Government in March this year to address delays in import-export processing at the ports. It allows importers and exporters to submit trade documents once, replacing duplicate paperwork […]

Firms expect borrowing cost to decline in 3 months

By Elizabeth Adegbesan Firms are expecting borrowing cost for banks’ loans to decline in the next three months deapite seeing rates elevated in July. This was contained in the Central Bank of Nigeria’s, CBN, latest Business Expectation Survey Report. CBN said: “Respondents expect borrowing rates to remain elevated across the same periods, as indicated by the […]

Manufacturers’ confidence rebounds despite high borrowing costs, power woes

By Yinka Kolawole Manufacturers’ confidence in Nigeria’s business environment rebounded in the second quarter of 2026 (Q2’26) buoyed by expectations of improved government policies and a more favourable operating climate. But the sector operators have continued to grapple with high borrowing costs, inadequate power supply, foreign exchange constraints and multiple taxation. The latest Manufacturers CEO Confidence […]

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