Business & Economy - Page 5

Nigeria and the Kingdom of Thailand have agreed to elevate their bilateral partnership beyond traditional trade, pivoting toward deep-market collaboration in renewable energy, information technology, agriculture, and commerce. ​The policy shift was formalized on Wednesday, August 26, 2026, during a high-level diplomatic

President Bola Ahmed Tinubu on Wednesday, August 26, 2026, urged the management of Nigeria Liquefied Natural Gas (NLNG) Limited to eliminate gas flaring and convert the nation’s gas reserves into strategic economic gains for citizens. ​Speaking during a courtesy visit by the

Crude oil imports by domestic refineries in Nigeria rose by 151.5 per cent to 5.13 million barrels in July 2026, from 2.04 million barrels recorded in June, according to data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The

The equities market continued its bearish trend on Wednesday, following the public holiday to mark the Eid el-Maulud celebrations. The market capitalisation shed N260 billion as renewed sell-offs hit several major stocks. Market ​‌‍‍‍‍‍‍⁠⁠‌‌⁠⁠​‍‍‌⁠‌​capitalisation declined by N260 billion, or 0.17 per cent,

In a major bid to dismantle chronic regional logistics hurdles, Dangote Industries Limited has finalized operational strategies to acquire its own fleet of commercial cargo vessels. The strategic pivot is designed to accelerate the distribution of cement, fertilizer, and industrial goods from

The Nigerian lawyers have backed the Office of the Tax Ombud’s drive to promote voluntary tax compliance and increase government revenue. This was contained in a statement issued by Chief Press Secretary to the Tax Ombud, Mr Chukwudi Achife, in Abuja on

Nigeria’s push to revive investment in its deepwater oilfields gained major momentum on Monday, August 24, 2026, as the Nigerian National Petroleum Company Limited (NNPC Ltd) and its joint venture partners signed key commercial addenda expected to move the long-delayed Bonga Southwest/Aparo

The Federal Government of Nigeria has intensified efforts to tap into the country’s estimated 3,500 megawatts (MW) small hydropower potential as stakeholders push to expand clean electricity access, support agro-industrial growth, and boost local economies in underserved communities. ​The initiative gained significant

The Federal Government, through the Nigerian Ports Authority (NPA), has formally awarded the contract for the remedial dredging and channel restoration of the Escravos water corridor at Warri Port. The intervention aims to expand the waterway, restore functional navigational drafts, and reactivate

​May & Baker Nigeria Plc has issued an urgent public notice disowning a fraudulent online investment scheme named “M&B Equity Stake,” which promises guaranteed daily returns. ​The disclaimer was formally released on Tuesday, August 18, 2026, from the company’s corporate headquarters in