Business & Economy Archives - Page 6 of 163

Stocks rise as oil prices slip amid Iran tensions

Global stocks rose on Tuesday while oil prices declined as investors assessed the latest United States economic measures against Iran and their possible impact on global markets. The market movement followed an announcement by US Treasury Secretary Scott Bessent that Washington would

August 25, 2026

Capital market

SEC proposes ₦2 billion capital requirements and ₦30 million registration fees to overhaul Nigeria’s digital asset market

The Securities and Exchange Commission (SEC) has unveiled a comprehensive draft regulatory framework aimed at tightening oversight, bolstering financial stability, and establishing rigorous capital standards across Nigeria’s rapidly expanding digital asset sector. Released on Thursday, August 20, 2026, from the commission’s headquarters

August 24, 2026

Business & Economy

Stakeholders fault remittance of unclaimed dividends to DMO

Shareholders’ associations have kicked against the remittance of unclaimed dividends into the Unclaimed Funds Trust Fund (UFTF), managed in conjunction with the Debt Management Office (DMO). The associations, while speaking with the News Agency of Nigeria (NAN) in separate interviews on Sunday,

August 23, 2026

Business & Economy

Duke canvasses strategic policy adjustments to fuel subsidy, economy

The presidential candidate of People’s Redemption Party (PRP), Mr Donald Duke, has stressed the need for exploring strategic alternatives to the current fuel subsidy framework and broader economic policies to help support sustainable national growth. Duke,‌‍‍‍‍‍‍⁠⁠‌‌‍⁠⁠‍‍⁠‌ in a statement on Saturday in

August 22, 2026

Business & Economy

Innoson warns FG: Unfair EV tariff structure threatens local manufacturing and clean energy investments

Nigeria’s pioneer indigenous automaker, Innoson Vehicle Manufacturing Company Limited (IVM), has called on the Federal Government to urgently review its tariff structure on electric vehicle (EV) components, warning that current import policies favor foreign imports over domestic assembly. The management made the

August 22, 2026

Business & Economy

FG, PSML sign $1.3bn deal to revive Delta steel coy

The Federal Government has signed a sub-lease agreement for the restoration and full operationalisation of the Delta Steel Company now known as Premium Steel and Mines Limited (PSML), Ovwian-Aladja, Delta. The News Agency of Nigeria (NAN) reports that the agreement was between the National

August 21, 2026

Business & Economy

Three Crowns Milk empowers 30 women in Owerri with business support

Three Crowns Milk has renewed its commitment to improving women’s well-being and strengthening their economic capacity, empowering 30 underserved women at its 2026 August meeting in Owerri, Imo State. The initiative, which went beyond the traditional celebration of mothers, provided beneficiaries with

August 21, 2026

Business & Economy

Apapa Customs records N28.1bn in single-day revenue

The Apapa Area Command of the Nigeria Customs Service (NCS) says it generated N28.1 billion in 24 hours, its highest single-day revenue collection to date. The Customs Area Controller of the command, Comptroller Emmanuel Oshoba, disclosed this in a statement issued by

August 21, 2026

Business & Economy

Shell reinforces safety commitment at CEO contractors forum

Shell yesterday (August 18) hosted chief executives of contracting companies in Lagos highlighting the need to sustain safe operations across its businesses in Nigeria. The annual Shell Leadership and Contractor CEO Conference aims to shine a light on “a shared commitment to

August 21, 2026

Business & Economy

Naira loses N7.09 at official market

The Naira on Wednesday depreciated at the official market trading at N1,350.41 to a dollar. Data from the official website of the Central Bank of Nigeria (CBN) revealed that the Naira lost N7.09. This represented a 0.5 per cent loss when compared

August 21, 2026

Business & Economy - Page 6

NNPCL Revenue Hits ₦6 Trillion in May as Oil Output Inches Up

Stocks rise as oil prices slip amid Iran tensions

SEC proposes ₦2 billion capital requirements and ₦30 million registration fees to overhaul Nigeria’s digital asset market

Stakeholders fault remittance of unclaimed dividends to DMO

Duke canvasses strategic policy adjustments to fuel subsidy, economy

Innoson warns FG: Unfair EV tariff structure threatens local manufacturing and clean energy investments

FG, PSML sign $1.3bn deal to revive Delta steel coy

Three Crowns Milk empowers 30 women in Owerri with business support

Apapa Customs records N28.1bn in single-day revenue

Shell reinforces safety commitment at CEO contractors forum

Naira loses N7.09 at official market

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Business & Economy - Page 6

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