W’Bank approves $500m to boost credit for Nigerian MSMEs
The World Bank has approved $500 million to enhance access to credit for Nigeria’s micro, small, and medium enterprises, aiming to address…
Business
China–Nigeria trade exceeds $22bn – Ambassador
China–Nigeria trade has surpassed $22 billion, Chinese Ambassador to Nigeria Yu Dunhai revealed. Addressing the 1st Annual China–Nigeria Government Exchange Programme Alumni…
Nigeria’s music sector generates $600m annually – Minister
Nigeria’s music industry is estimated to generate about $600 million a year and is projected to more than double over the next…
FEC okays N58.47tn 2026 budget
The Federal Executive Council, chaired by President Bola Tinubu, has approved the 2026 appropriation budget, projecting total expenditure at N58.47 trillion, a…
PenCom unveils pension industry healthcare program for retirees
The National Pension Commission has revealed plans to launch the Pension Industry Healthcare Initiative, starting with a pilot phase in March 2026…
Nigerian crude struggles to find buyers amid global oversupply – Report
Nigerian crude oil sellers are facing weak demand on the global market, even as the Dangote Petroleum Refinery has raised concerns over…
NIPC secured over $10bn investment commitments in 2025
The Nigerian Investment Promotion Commission says it facilitated more than $10 billion in investment commitments in 2025. The Executive Secretary of the…
Shareholders excited as company returns after 12-year shutdown
Shareholders of Austin Laz Company Plc have lauded the management for returning to operations after over 12 years of being out of…
Senate reviews 2025 budget, cuts spending to ₦43.56tn
The Senate on Wednesday deliberated on a bill to repeal and re-enact the 2024/2025 Appropriations Act, proposing a revised budget of ₦43.56…
UBA partners Lagos, CIG Motors on $100m transport scheme
United Bank for Africa Plc has announced a $100 million financing partnership scheme with CIG Motors, Lagride, and the Lagos State Government.…
Diageo sells East African breweries stake to Japan’s Asahi Group
Diageo Plc, the British multinational alcoholic beverage corporation, has reached an agreement to sell its 65 percent controlling stake in East African…
PenCom begins disbursement of N758bn FG bond
The Director-General of the National Pension Commission, Ms Omolola Oloworaran, has announced that the commission has begun disbursing the N758 billion bond…