Business

Food Crisis: Cost of healthy diet rises further — NBS Report

Food Crisis: Cost of healthy diet rises further — NBS Report

By Elizabeth Adegbesan Despite the moderation in inflation rate reported by the National Bureau of Statistics, NBS, the financial burden of feeding on Nigerian households may have intensified as the national average Cost of a Healthy Diet (CoHD) climbed to N1,541 per adult per in March 2026, about 4.4 per cent up from N1,477 in March […]
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Manufacturers fault World Bank’s proposal to reinstate petrol import licences

Manufacturers fault World Bank’s proposal to reinstate petrol import licences

By Yinka Kolawole Manufacturers under the aegis of the Manufacturers Association of Nigeria have faulted the call by the World Bank for Nigeria to reinstate petrol import licences in order to stabilise fuel supply in the wake of the Middle East crisis. Reacting to the World Bank’s advice which it later clarified urging a reassessment in […]

VANGUARD ECONOMIC DISCOURSE: Farmers, food entrepreneurs brainstorm for sector growth

VANGUARD ECONOMIC DISCOURSE: Farmers, food entrepreneurs brainstorm for sector growth

By Emeka Anaeto, Business Editor Nigeria’s agriculture and food sector is set for a major insight sharing on the performance of the sector and way forward at the upcoming Vanguard Economic Discourse.  The 2026 edition of the Vanguard Economic Discourse is scheduled to hold this week, Wednesday, April 22, 2026 at the Civic Centre, Victoria Island, Lagos […]

No ban on airtime, data credit — FCCPC

No ban on airtime, data credit — FCCPC

The Federal Competition and Consumer Protection Commission (FCCPC) says it has not banned airtime borrowing or data advance services in Nigeria. The statement comes few days after MTN Nigeria said it was suspending its airtime and data credit advance service, popularly known as “Xtratime” in compliance with the Digital, Electronic, Online or Non-Traditional (DEON) consumer […]

NB warns continued instability could lead to FX risk, higher inflation

NB warns continued instability could lead to FX risk, higher inflation

…Rebounds to profitability   By Peter Egwuatu Nigerian Breweries, NB Plc, has warned that the continued global instability could lead to Foreign Exchange, FX, risks, supply issues and higher inflation in Nigeria. Speaking to newsmen on the performance of the company for the financial year 2025, at its pre-Annual General Meeting, AGM, in Lagos, Managing Director/Chief […]

NGX expands trading window to 7hrs

NGX expands trading window to 7hrs

The Nigerian Exchange Limited (NGX) has expanded its trading window to seven hours (9:00am to 4:00pm) WAT, effective from Monday, 27 April 2026, in a move designed to deepen market liquidity, enhance price discovery, and broaden investor access. Previously, the market opens for four hours and thirty minutes, opening by 9:30am and closing 2:00pm. Approved by […]