Business (Page 12)

Nigeria’s oil and gas industry will witness accelerated growth when its policy direction sustains stability to offer investors more assurances. The managing director and chief executive officer (MD/CEO) of the Nigeria LNG Limited (NLNG), Adeleye Falade, taking up issues on unstable policy dimensions listed key factors that Nigerian authorities shouldContinue Reading

The populations of Lagos, Kano and Onitsha are projected to increase by more than 25 per cent, 31 per cent and 55 per cent respectively by 2050, even as Lagos is expected to lose its position as sub-Saharan Africa’s most populous city to Luanda, Angola. A new World Bank reportContinue Reading

Shipping experts have faulted the Nigerian Maritime Administration and Safety Agency (NIMASA) over regulatory uncertainties and commercial banks over stringent lending conditions, which they said are undermining indigenous shipping growth and delaying access to vessel financing. The experts, who spoke at the 2026 annual summit of the Shipping Correspondents AssociationContinue Reading

Nigerian Breweries Plc has posted a revenue growth of N1.10 trillion in its nine-month performance for the period ended September 30, 2026. The company disclosed this in its third quarter unaudited 2026 results financial statement released to the investing public on the Nigerian Exchange. According to the results, revenue grewContinue Reading

CapitalSage Holdings has inaugurated its new global headquarters in Ibadan, Oyo State, as Governor Seyi Makinde commended the group’s decade-long business growth and pledged continued government support for its job creation and economic development efforts. The inauguration, held on Wednesday, October 28, 2026, formed part of activities marking the company’sContinue Reading

Founder of The Osahon Okunbo Foundation (TOOF), Dr. Osahon Okunbo, has called for stronger institutions, effective policies and sustained investment in cultural heritage to ensure Africa’s creative economy delivers lasting benefits for future generations. Okunbo made the call on Thursday in his goodwill message at the third edition of theContinue Reading

Swiss Bank, UBS has said that Brent Crude could hit its year-end forecast of $110 per barrel from $100. The bank cited continued Middle East supply disruptions, rising transportation costs, and uncertainty surrounding the recovery of global petroleum inventories to arrive at its prediction. The revised outlook suggests oil pricesContinue Reading

The Midstream and Downstream Gas Infrastructure Fund (MDGIF) says indigenous companies seeking to partner with it and access its equity must show secured gas supply and a confirmed buyer, because no gas project is bankable without both. Engr. Elvis Duruji, Deputy Director at MDGIF, NMDPRA made this known at theContinue Reading

Nigeria’s payments for professional and other business services rose by 39.04 per cent to $1.81 billion in the second quarter of 2026, as increased expenditure on technical and consulting services contributed to a widening deficit in the country’s services account. According to the Central Bank of Nigeria (CBN) Economic ReportContinue Reading