•Says $2.5bn contracts awarded to 6,800 Nigerian suppliers in 5yrs •As IFC invests $5bn   •FG will deepen engagement with World Bank procurement — Bagudu By Babajide Komolafe The World Bank has offered  a $250 billion global procurement window to Nigerian firms, urging local companies to take advantage of thousands of opportunities across World Bank–financed projects worldwide. Speaking […]

By Rosemary Iwunze NEM Insurance Plc, one of Nigeria’s leading insurance companies has submitted its first quarter (Q1) 2026 forecast to the Nigerian Exchange Group (NGX), reaffirming its strong growth outlook following an impressive performance in the quarterly reports released in the 2025 financial year. According to the forecast, the general insurance underwriter projects total […]

BUA Cement Plc has unveiled plans to construct a state-of-the-art 3-million-tonne-per-annum cement line in Sokoto, in a $240 million project that reflects the company’s commitment to scaling production capacity and supporting West Africa’s infrastructure ambitions. The new facility, to be delivered in partnership with Chinese engineering and construction firm CBMI, will bring BUA Cement’s total annual […]

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has signaled that  fertiliser imports will end as private-sector expansion positions Nigeria as a hub for value-added oil and gas products. Chief Executive of NMDPRA, Saidu Mohammed, made the disclosure during a facility tour at Indorama Eleme Fertiliser and Chemicals Limited in Eleme Local Government Area of […]

…As banks lend N1trn to SMEs out of N199trn By Yinka Kolawole Small and medium-scale enterprises (SMEs) have received only 0.51 percent of total banks’ credit to the private sector over a 10-year period, available data has shown, underscoring severe financing constraints facing Nigeria’s biggest source of jobs. Analysis of the Central Bank of Nigeria (CBN) […]