Business

BOI’s ₦250bn-equivalent facility could give manufacturers, processors, technology firms, renewable-energy companies and exporters access to longer-term capital for expansion. Experts say affordable development finance is critical as high commercial lending rates continue to constrain investment and business growth...

EFCC invites NAICOM Commissioner for Insurance Olusegun Ayo Omosehin over allegations concerning fees charged during the insurance recapitalisation exercise. NICON Insurance and Nigeria Re allege that operators faced several charges, including a one per cent fee on fresh...

Federal Government considers changes to crude allocation and pricing under the Domestic Crude Supply Obligation. Proposed direct-delivery and pricing adjustments could reduce feedstock costs for local refiners. Nigeria supplied 28.5 million barrels to domestic refineries in Q1, less...

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...