Business Archives - Page 2 of 60

Cardoso: Nigeria’s Remittance Inflows Near $1bn Monthly Target, Hit Record $947m In July

NewsDeskNgAug 31, 2026August 31, 20260

Nigeria’s remittance inflows through formal channels hit a record $947m in July, bringing CBN closer to its $1bn target. Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said Nigeria is closing in on its target of attracting $1 billion in monthly remittance inflows, after inflows through International...

Nigeria’s Foreign Reserves Hit $53.11bn, Highest In 17 Years

NewsDeskNgAug 27, 2026August 27, 20260

Nigeria’s foreign reserves climb to $53.11 billion, nearing a 2009 record as higher oil earnings boost dollar inflows. Nigeria’s external reserves have risen above $53 billion for the first time in more than 17 years, reaching $53.11 billion as of August 24, 2026. Data from the Central Bank of Nigeria...

Nigeria, Thailand Deepen Economic Ties, Sign Technical Cooperation MoU

NewsDeskNgAug 26, 2026August 26, 20260

Nigeria and Thailand seek stronger trade, investment and technology ties through a new framework for technical cooperation. Nigeria and Thailand have taken steps towards a stronger economic partnership, with both countries signing a Memorandum of Understanding (MoU) on technical cooperation and expressing readiness to expand trade, investment, technology transfer and...

Yari Blames Otedola, Akinfemiwa For Geregu’s N40bn Bond Default, Pledges Investor Protection

NewsDeskNgAug 23, 2026August 23, 20260

Geregu chairman Yari blames former owners for N40bn bond default, pledges N6bn intervention to protect bondholders and restore confidence. The Chairman of the Board of Directors of Geregu Power Plc, Senator Abdulaziz Yari, has attributed the company’s N40 billion bond default to its former majority owner and Chairman, Femi Otedola,...

Yari Personally Clears Geregu Power’s Outstanding Bond Obligation

NewsDeskNgAug 20, 2026August 20, 20260

Yari personally clears Geregu Power’s outstanding bond obligation, protecting shareholder value, reassuring investors and supporting Nigeria’s power sector. Chairman of Geregu Power Plc, Senator Abdul’aziz Abubakar Yari, has personally funded the clearance of the company’s outstanding bond obligation after it failed to meet a scheduled coupon and principal repayment. The...

Jigawa Partners Egyptian Firm To Boost Date Palm, Potato Production With Tissue Culture

NewsDeskNgAug 20, 2026August 20, 20260

Jigawa seeks Egyptian technology to produce disease-free planting materials and expand date palm and potato production. The Jigawa State Government has opened discussions with an Egyptian plant research and development company, EFC Plants, on a strategic partnership to introduce advanced plant tissue culture technology for date palm and Irish potato...

India Offers Nigeria Power-Sector Technology To Drive Industrial Growth

NewsDeskNgAug 15, 2026August 15, 20260

India offers Nigeria power-sector expertise and technology, seeking stronger cooperation to improve electricity supply and accelerate industrialisation across the country. India has offered to share its power-sector technology, regulatory experience and technical expertise with Nigeria as part of efforts to tackle the country’s persistent electricity challenges and create the stable...

Access Leads Nigeria’s Employers of CFA Candidates, Ranks Second for Charterholders

NewsDeskNgAug 13, 2026August 13, 20260

CFA Society Nigeria data shows Access with 82 candidates, more than twice the number recorded by its nearest-ranked institution. Access has emerged as the largest employer of Chartered Financial Analyst (CFA) candidates in Nigeria, according to new data from CFA Society Nigeria, highlighting the financial services group’s growing investment in...

Tinubu Targets Doubling Nigeria’s $32bn Livestock Economy

NewsDeskNgAug 10, 2026August 10, 20260

President Tinubu says Nigeria will more than double livestock’s $32bn contribution by expanding production, processing, jobs and investment. President Bola Tinubu has said his administration is targeting more than doubling the livestock sector’s contribution to Nigeria’s economy, currently valued at more than $32bn annually. Tinubu, represented by the Secretary to...

Etihad Airways To Resume Lagos Flights In March 2027 After Signing Air Peace Codeshare, Eyes Abuja Expansion

NewsDeskNgJul 24, 2026July 24, 20260

Etihad Airways announces daily Lagos flights from March 2027, signs Air Peace codeshare, as Nigeria pushes for Abuja operations. Etihad Airways has announced plans to resume flight operations to Nigeria, with daily services to Lagos expected to commence between March 24 and 27, 2027, marking the airline’s return to the...