Business

Africa needs $200bn yearly energy investment — IPPG

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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CardCentre, telecom firm unveil eco-friendly SIM cards

CardCentre, telecom firm unveil eco-friendly SIM cards

By Peter Egwuatu Cardcentre Nigeria Limited, a subsidiary of Chams HoldCo and Africa’s leading smart card manufacturer, is taking innovation and sustainability to the next level with the launch of eco-friendly SIM cards across the Economic Community of West African States (ECOWAS). This pioneering initiative, developed in collaboration with MTN Nigeria, was officially unveiled in […]

Petrol consumption down 28%; pump hands idle at stations

Petrol consumption down 28%; pump hands idle at stations

•Operators recount ordeal, list causes •It’s trying time for marketers — IPMAN •Frequent price changes unhealthy for sector, expert warns By Obas Esiedesa Petrol consumption nationwide has fallen by 28 per cent over the past two years, as pump attendants across filling stations are left with scanty vehicular calls. Latest figures from the Nigerian Midstream and Downstream […]

Nigeria First’: FG targets N3trn earnings from policy — Minister

Nigeria First’: FG targets N3trn earnings from policy — Minister

By Yinka Kolawole The ‘Nigeria First’ policy initiative of the federal government is expected to earn the country about N3 trillion in the short term if effectively implemented. Minister of State for Industry, Trade, and Investment, Senator John Enoh, stated this  at a Ministerial Briefing on the forthcoming West Africa Industrialisation, Manufacturing & Trade (West Africa […]

Profit taking trails equities market

Profit taking trails equities market

•As August turns out 0.3% gain By Peter Egwuatu   Profit taking has continued to trail the stock market but the investors gained Month-on-Month, MoM, in August 2025 by 0.3% following the positive sentiments that sustained the market for most part of the month. Financial Vanguard MoM analysis shows that the Nigerian Exchange Limited, All Share Index, […]

Incentives should be for export-oriented manufacturers — Cardoso

Incentives should be for export-oriented manufacturers — Cardoso

* Tasks manufacturers on forex diversification *Economic reforms shouldn’t destroy businesses — MAN By Yinka Kolawole Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that incentives should be targeted at manufacturers that are producing for exports. He stated this at the 54th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria […]

CBN, Brazilian counterpart deepen cooperation 

CBN, Brazilian counterpart deepen cooperation 

By Emma Ujah, Abuja Bureau Chief   The Nigeria Central Bank (CBN) and its Brazilian counterpart, Banco Central do Brasil, have agreed to deepen their economic and financial cooperation. CBN Governor, Mr. Olayemi Cardoso,   has held talks with his Brazilian counterpart, Gabriel Muricca Galípolo, to that effect, the apex bank indicated in a statement in Abuja, over […]

NGX Group highlights opportunities for Nigeria, Brazil investment flows

NGX Group highlights opportunities for Nigeria, Brazil investment flows

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group (NGX Group), Temi Popoola, has emphasized the critical role of capital markets in strengthening Nigeria, Brazil trade and investment ties, particularly by creating growth opportunities for small and medium-sized enterprises (SMEs).