Business

Africa needs $200bn yearly energy investment — IPPG

•Africa Energy Bank to start operations in October — Farouk By Udeme Akpan Africa needs more than $200 billion annually in energy investment by 2030 to develop oil and gas, expand electricity generation and distribution, and grow clean energy, Chairman of the Independent Petroleum Producers Group (IPPG), Adegbite Falade, has said. Falade, who spoke yesterday at […]
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Energy: Practical Nigerian content to drive high-level deal-making

Energy: Practical Nigerian content to drive high-level deal-making

By Emeka Anaeto, Business Editor

As global markets evolve and energy producers seek resilient, localised supply chains, Nigeria’s growing local content capacity has continued to position it as a model for sustainable growth across the continent.

Building on the advancements in the sector, the 14th edition of the Practical Nigerian Content (PNC) Forum, themed “Securing Investments, Strengthening Local Content, and Scaling Energy Production”, taking place from 1–4 December 2025 in Yenagoa, Bayelsa State, Nigeria, is attracting more stakeholders’ commitments.

Commenting on Ikosh Nigeria Limited’s participation at this year’s Forum, Oluwamuyiwa Kosile, Managing Director of Ikosh Nigeria Limited, said, “We remain committed to advancing Nigeria’s local content journey by supporting initiatives that strengthen indigenous capacity, drive innovation, and foster sustainable growth within the oil and gas industry.

‘‘Our partnership with the Practical Nigerian Content Forum underscores our belief in collaboration as the foundation for developing a self-reliant and globally competitive energy industry.”

The Forum will convene regional policymakers, global investors, regulators, and indigenous operators to explore, as a follow-up to the Nigeria First Policy above, strategies to replicate local content implementation and capacity development across sectors.

With key discussions centred on securing investment, strengthening local content, and scaling energy production, delegates will explore how to unlock and mobilise financing for indigenous businesses, expand supplier development, and accelerate technology transfer.

Inflation, rising production costs threaten industrial stability — CANMPEF

By Victor Ahiuma-Young The Chemical and Non-Metallic Products Employers Federation, CANMPEF, has warned that rising production costs, multiple taxation, and foreign exchange volatility continue to threaten Nigeria’s industrial stability, even as manufacturers show resilience and innovation in adapting to the nation’s harsh economic realities. Presenting the President’s Report at the Federation’s 46th Annual General Meeting, […]

Private sector operators differ on 15% tax on fuel imports 

•It’ll protect, revive local production — MAN, NECA  •Local capacity still inadequate — LCCI, ASBON  By Yinka Kolawole   At the backdrop of the Federal Government’s decision to impose a 15 percent tax on imported petrol and diesel to protect local refineries, private sector operators have expressed divergent views on the implications of the policy on the economy […]

Low retail demand, interest increases plunge consumer credit by 17% to N3.54trn

By Elizabeth Adegbesan Decline in retail demand has triggered a 17 percent month-on-month (MoM) fall in Consumer credit to N3.54 trillion in July 2025 from N4.27 trillion as at June 2025. According to   the breakdown in July 2025 Economic Report of the Central Bank of Nigeria, CBN,   the consumer credit was made up of   N950 billion […]

FG exceeds 2025 borrowing target by 55.6%

…expected to hit 80% at year end •Borrows 17.4trn in 10mths, as domestic borrowing escalates •Experts warn of debt crises, crowding out of private sector •Urge FG to cut waste, enforce fiscal discipline •Say rising debt burden threatens jobs, business growth, and cost of living By Babajide Komolafe, Economy Editor & Peter Egwuatu, Asst. Business […]

Stock market closes weaker amid sell pressure, as profit-taking persists

By Peter Egwuatu  The Nigerian Exchange (NGX) ended trading, last week, on a weaker note extending the bearish trend as investors continued profit taking and cautious repositioning across major sectors. The negative performance, according to analysts, reflected renewed sell pressures across the banking, consumer goods, and industrial goods sectors, as investors reacted to mixed earnings results […]

FG unveils new tax reform laws  in major economic policy shift

By Luminous Jannamike ABUJA – The Federal Inland Revenue Service, FIRS, will on Monday, officially unveil the Nigeria Tax Reform Acts at a strategic stakeholder engagement session in Abuja. The event is expected to mark a major shift in the country’s economic policy as the government moves to simplify the tax system and improve revenue efficiency. […]

Unlock Growth with an Equipment Loan: A Simple Guide for Small Businesses

Running a small business often means needing expensive tools, machines, or vehicles to keep things moving. Whether it’s a restaurant oven, a construction bulldozer, or a medical scanner, the cost of this equipment can be overwhelming. Instead of paying everything up front, many owners turn to an equipment loan to spread payments over time. This guide explains how equipment loans work, their pros and cons, and how you can apply for one to grow your business.

Nigeria’s MSMEs need inclusive financing, stronger partnerships to thrive — experts

By Cynthia Alo Financial experts have called for inclusive financing and stronger collaboration among government, banks, and private sector players to enable Nigeria’s Micro, Small and Medium Enterprises (MSMEs) to effectively contribute to national economic growth. They made this call at the Manufacturing Business Accelerator (MBA) Cohort 2 Graduation and Business Showers held in Lagos, themed […]

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