Business (Page 19)

The federal government has ruled out any return to fuel subsidies and vowed to sustain the economic reforms of President Bola Tinubu’s administration, despite the pressure on households and businesses. Minister of Budget and Economic Planning, Senator Abubakar Bagudu, made the declaration on Monday in Abuja at the 32nd NigerianContinue Reading

Crude oil supplied to domestic refineries fell in the third quarter of 2026, as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it is still consulting on a domestic crude swap framework aimed at improving supply and cutting costs, more than 10 weeks after it was first hinted at. TheContinue Reading

President Bola Ahmed Tinubu has commended the Dangote Group for strengthening Nigeria’s industrial capacity through major investments in key sectors of the economy. The President said the conglomerate’s investments had boosted domestic production, created jobs, reduced dependence on imports, conserved foreign exchange and supported the growth of local supply chains.Continue Reading

The entry of new investors into Kano and Jos electricity distribution companies (DisCos) offers a fresh opportunity to improve network infrastructure, reduce electricity losses and strengthen market performance, following years of underinvestment and operational challenges. Historically, the three northern DisCos — Kano, Jos and Kaduna — have struggled with poorContinue Reading

Only N216.1 billion of the N1.51 trillion raised through commercial papers in Nigeria between January and September 2026 was listed on the Nigerian Exchange Limited (NGX), about 14 per cent of the market, with most issuers choosing to stay off the Exchange. The N216.1 billion listed on NGX represents aContinue Reading

Investors on the Nigerian equities market gained N2.642 trillion yesterday as capitalization advanced to N163.16 trillion, reflecting the bullish momentum that lifted the All-Share Index back above 250,000. The All-Share Index (ASI) gained 4,068.27 points, rising 1.65 per cent to close at 251,290.54, on renewed investor confidence and sustained buyingContinue Reading

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has launched a Group-wide Climate Action Week to deepen climate awareness, promote responsible environmental practices and advance sustainable finance across its African and international operations. The five-day campaign, running from October 26 to 30, 2026, is themed “Banking on Africa’s ClimateContinue Reading

BY BUKOLA ARO-LAMBO AND OLUSHOLA BELLO, Lagos High energy costs, persistent domestic supply gaps and insecurity could determine whether the federal government achieves its single-digit inflation target before the end of 2027, financial analysts have warned. While some analysts believe the target is achievable if the government maintains policy consistencyContinue Reading

The National Agency for Food and Drug Administration and Control (NAFDAC) has urged Nigerians to report suspected fake, substandard and unregistered medical products, as well as adverse reactions to medicines, vaccines and medical devices, through its designated hotlines, mobile applications and online platforms. The agency said the reporting channels wereContinue Reading