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Lasaco Assurance raises ₦19.3bn in rights issue

  • 28th July 2026

United Capital posts ₦24.8bn pre-tax profit in H1

  • 28th July 2026

Nigeria is facing shortage of investment-ready startups, not

  • 28th July 2026

AMCON recovers N165bn from bank debtors in H1

  • 27th July 2026

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Tag: Private Sector

Equity investors lose N1.5tn as bond yield rises
Business

Private sector growth hit 13-month high in December 2025

Nigeria’s private sector closed 2025 solidly in expansion territory as increased festive season demand pushed business activity to a 13-month high, according to the latest Stanbic IBTC Purchasing Managers’ Index. The headline PMI stood at 53.5 in December, slightly lower than the 53.6 recorded in November, but remained firmly above the 50.0 benchmark that separates […]

Equity investors lose N1.5tn as bond yield rises
Business

Nigeria’s private sector growth extends to 13th month

Nigeria’s private sector recorded another month of growth in November, supported by rising customer demand, new product launches, and easing inflationary pressures, according to the latest Stanbic IBTC Purchasing Managers’ Index report. The headline PMI for November stood at 53.6, which is above the 50.0 no-change threshold, signaling an improvement in business conditions for the […]

Maritime

Private sector welcomes N20bn insurance bond for containers

The Organised Private Sector, represented by the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, has welcomed the introduction of a N20 billion collective insurance bond. This bond, backed by a consortium of insurers, is intended to replace the long-standing container deposit system in Nigeria’s maritime trade. The new scheme, designed to protect […]

News

ICYMI: Private sector employments drop first time in seven months – Report

Nigeria’s private sector saw its first employment decline in seven months, according to the latest Stanbic IBTC Bank Purchasing Managers’ Index report for November. The decrease in staffing levels, ending a six-month period of job growth, was mainly observed in the services sector, though the drop was modest. The decline in employment reflects the ongoing […]

News

Creating business-friendly environment will boost diaspora remittances – Private sector

Members of the Organised Private Sector have called on the government to foster a business-friendly environment to attract increased diaspora remittances. They noted that remittances have become a crucial pillar of Nigeria’s economy, outpacing foreign direct investment in recent years. The World Bank reported that Nigeria received $20.1 billion in diaspora remittances in 2022, accounting […]

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