Business

More than 5,000 fibre-optic cables were cut during road construction and related works in the first half of 2026. NCC says poor coordination before excavation is driving much of the damage. Repeated cuts can disrupt internet, mobile services,...

Investors and business leaders from more than 50 countries are expected in Nigeria for the November 10–11 International Investors Summit 2026, with organisers targeting more than $100bn in investment opportunities and commitments. The proposed investment pipeline covers oil...

West Africa's push for a regional refined-fuel benchmark is entering its execution phase as Nigeria's expanding refining capacity changes regional supply flows. Policymakers say pipelines, storage, ports, logistics, data and regulatory harmonisation must catch up with rising regional production. The ultimate...

The Good Governance Index Group has defended the leadership of the NUPRC and NNPC Ltd, describing recent criticisms over oil block allocations and energy security spending as premature and unsupported by evidence. The group said the 2026 licensing...

The CBN has opened applications for the second cohort of its Regulatory Sandbox Programme, with applications running from August 12 to August 31, 2026. The new cohort introduces separate tracks for Virtual Asset Service Providers and data-enabled financial...

The NGX reversed Monday’s strong rally as market capitalisation fell by ₦1.17 trillion to ₦159.255 trillion, while the All-Share Index dropped 0.73 percent to 246,723.57 points. Market breadth remained slightly positive, with 28 gainers against 27 decliners, although...

Jeff Bezos’ reported investment in Liverpool offers a useful lesson in accessing valuable assets without having to own them outright. Amazon’s growth shows how businesses can expand by building capabilities around an existing advantage rather than constantly chasing...

Nigeria’s Customs Modernisation Project has been adopted as the model for a 20-year, $3.1bn AfCFTA customs modernisation programme across about 50 member countries. The ICRC says the deal demonstrates how properly structured public-private partnerships can attract private capital,...

The Nigeria Customs Service generated ₦4.03trn in revenue in the first half of 2026, putting it well ahead of its mid-year pace and strengthening its prospects of meeting the ₦11.074trn target set for the full year. Comptroller-General Adewale...

Weekly FX turnover jumped 117% to $3.73bn by August 7. Spot transactions accounted for 99.33% of all activity. Daily average turnover more than doubled to $745.89m. Forward and derivative trading remained a tiny part of the market. August 11,...