Nigeria’s manufacturing upgrade tops China’s economic pact —Consul General
By Nkiruka Nnorom & Marvellous Chukwunenye The planned upgrade of Nigeria’s manufacturing sector is at the heart of a new economic partnership between Nigeria and China, the outgoing Consul General of China in Lagos, Ms Yan Yuqing, has said. Yuqing disclosed this at a reception marking the 77th anniversary of the founding of the People’s […]
Nigeria’s net domestic credit declined 6.9% to N109trn
By Peter Egwuatu Nigeria’s Net Domestic Credit, NDC, has dropped by 6.9 % Year-on-Year, YoY, in January 2026 to N109.4 trillion from N102.4 trillion in the same period in 2025, according to the Central Bank of Nigeria, CBN, latest money and credit report. The NDC is the total value of Bank credit to both the private […]
Why family businesses face extinction – LBS
The warning formed the crux of deliberations at a session hosted by LBS under its Family Business Initiative, examining weak governance
Electricity woes worsen as DisCos record N2.4trn in financial losses
•Rising debt restricts power generation •Consumers slam DisCos for non-transparency, demand mass metering •Operators knock Presidency over exit from national grid By Obas Esiedesa At the backdrop of worsening power supply to offices and homes, Electricity Distribution Companies (DisCos) have recorded a combined loss of N2.349 trillion over the past two years due to billing and collection […]
VANGUARD ECONOMIC SUMMIT: Public, private sector leaders set to play lead roles
•Cabinet ministers, UN agencies lead discussions •Private sector leaders sign up By Emeka Anaeto, Business Editor Activities ahead of the hosting the 2026 edition of Vanguard Economic Summit (VES’26) have reached advanced stage with key partners gearing up for incisive discussions around the Summit theme. Themed, “Food Security and Socio-economic Stability: Options for Nigeria’s Agriculture Sector Rebound”, […]
NGX extends rally as investors reap N1.8trn in 3 days
By Peter Egwuatu Trading on the Nigerian Exchange (NGX) closed Week on Week, WoW, on a positive note, as investors reaped over N1.765 trillion from their investment listed on the Nigerian Exchange Limited, NGX in the three days trading sessions last week. Specifically, the NGX market capitalisation, which represents the total value of listed equities, surged […]
