Business (Page 10)

Capital expenditure on solar and onshore wind projects in emerging and developing markets is projected to reach $356 billion by 2040, according to data from Rystad, as rising demand for renewable energy creates new investment opportunities. The projection comes amid growing investment prospects in emerging markets, although high financing costsContinue Reading

Nigeria’s 11 electricity distribution companies collected N1.63 trillion from customers between January and August 2026, but failed to recover N387.19 billion out of the N2.01 trillion billed during the period, according to data from the Nigerian Electricity Regulatory Commission. The figures, contained in NERC’s latest Commercial Performance Factsheet, show thatContinue Reading

Small business owners have warned that the Federal Government’s N70,000 monthly transport allowance for public servants could put pressure on small and medium-sized enterprises (SMEs), as private-sector workers may demand similar support from employers already struggling with high operating costs. The President of the Association of Small Business Owners ofContinue Reading

RC Investment Management Limited (RCIM) has transferred about 5.2 billion shares of FirstHoldCo Plc to investors as part of an ongoing divestment programme involving approximately 10.43 billion shares acquired in July 2025. The shares were acquired on the Nigerian Exchange (NGX) under a Central Bank of Nigeria-approved shareholder divestment arrangement,Continue Reading

…Sets payment floor limit for low-income retirees The National Pension Commission (PenCom) has said the long-awaited Minimum Pension Guarantee will start on November 10, ending a 12-year wait since it was enacted into law. President Bola Ahmed Tinubu is expected to launch the guarantee on Tuesday, November 10, as partContinue Reading

The demand for electricity is expected to surge across Africa, with Nigeria, Egypt and Senegal topping demand chart. According to report Nigeria’s demand is expected to grow 36 per cent from 33.7 TWh in 2025 to 45.9 TWh in 2030, followed by annual growth of 8-9 per cent for theContinue Reading

The Nigerian equities market rebounded on Thursday as renewed buying interest lifted investor sentiment across the bourse. The All-Share Index (ASI) gained 1,200.24 points, rising by 0.47 per cent to close at 254,083.02, strengthening further above the 250,000-point level. The recovery reflects renewed buying interest following the previous session’s decline.Continue Reading

… Says no Nigerian who served nation will be forgotten in retirement  President Bola Ahmed Tinubu has warned employers against failing to remit workers’ pension contributions, describing the act as a breach of trust. He also assured that no Nigerian who has served the nation will be forgotten in retirement.Continue Reading