Business — Newsroom

Original news recaps written from multiple Nigerian sources. Each story cites the publishers it was synthesized from. New stories published throughout the day as news breaks.

66 original stories · showing 25–48

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Business·By Plus234Feed Editorial·2 Sept 2026

OPay Denies September Shutdown Claims, Reassures Nigerian Users

The fintech platform has rejected viral social media posts falsely claiming it will suspend operations from September 1, 2026.

Business·By Plus234Feed Editorial·2 Sept 2026

Dangote Refinery mulls halting fuel sales to petrol importers

Dangote Petroleum Refinery is considering stopping petrol supply to marketers importing fuel, citing quality and blending concerns.

Business·By Plus234Feed Editorial·25 Aug 2026

Idris Defends Fuel Subsidy Removal, Warns Against Return to Old Policy

Nigeria's Information Minister rejects calls to restore petrol subsidies, citing N15.8 trillion in freed resources and risks to economic reforms.

Business·By Plus234Feed Editorial·23 Aug 2026

Geregu Power Settles 8th Coupon on ₦40bn Bond Amid Debt Obligations

Power generation firm Geregu Power has discharged the eighth interest payment and partial principal repayment on its ₦40.085 billion Series 1 Fixed Rate Bond.

Business·By Plus234Feed Editorial·23 Aug 2026

ExxonMobil's $1bn Usan Infill Project Kicks Off in Niger Delta

The Noble Gerry de Souza drillship has arrived in Nigerian waters to begin deepwater drilling operations expected to add 40,000 barrels daily within 18 months.

Business·By Plus234Feed Editorial·22 Aug 2026

FG Reports N15.8tn Generated From Subsidy and FX Reforms in 30 Months

Nigeria's federal, state and local governments received N15.8 trillion from petrol subsidy removal and forex market reforms between June 2023 and December 2025.

Business·By Plus234Feed Editorial·20 Aug 2026

Bank of Industry's N250bn Bond Sells Out in Five Days Amid Investor Confidence

The Bank of Industry's N250 billion Series 1 Fixed Rate Bond achieved full subscription within five working days, with the bank crediting President Tinubu's…

Business·By Plus234Feed Editorial·20 Aug 2026

FCCPC Launches Fresh Probe Into Nigeria's Soaring Cement Prices

A three-month cross-border study by Nigeria's competition watchdog found cement costs higher domestically than in Kenya and Togo, triggering investigation…

Business·By Plus234Feed Editorial·20 Aug 2026

Nigeria's Headline Inflation Drops to 15.43%, But Food Prices Surge

Nigeria's overall inflation eased in July, yet food costs jumped sharply month-on-month, offsetting broader price relief for households.

Business·By Plus234Feed Editorial·17 Aug 2026

Dangote Refinery Targets October IPO Worth Up to $5 Billion

The Dangote Petroleum Refinery plans Nigeria's largest public offering, with CEO confirming October timeline and ruling out foreign listing for at least three…

Business·By Plus234Feed Editorial·16 Aug 2026

Nigeria, China seal aquatic trade deal with zero-tariff access

Nigeria and China have signed a protocol granting Nigerian aquatic products duty-free entry to China's market after nearly five years of negotiations.

Business·By Plus234Feed Editorial·15 Aug 2026

Nigeria Tops OPEC Quota for Third Month Despite 4% July Output Dip

Nigeria pumped 1.505 million barrels of crude daily in July, surpassing its OPEC target for the third straight month, though output fell 4% from June.

Business·By Plus234Feed Editorial·13 Aug 2026

Tinubu Approves New Deep Offshore Oil Investment Framework Worth $50bn

President Tinubu has replaced project-by-project oil negotiations with a standardized investment framework to attract up to $50 billion in deep offshore…

Business·By Plus234Feed Editorial·12 Aug 2026

NOPPMAN Halts Onion Exports, Demands Regional Trade Agreement

Nigerian onion producers suspend shipments after Ghana blockade costs N1.2bn, calling for binding pact with West African nations.

Business·By Plus234Feed Editorial·12 Aug 2026

Tinubu backs Nigerian firm's 20-year African customs modernisation deal

President Tinubu praised the selection of AfriTrade CMP Limited to lead a multi-billion-dollar project modernizing customs across African nations under the…

Business·By Plus234Feed Editorial·9 Aug 2026

Nigerian Breweries posts N804bn H1 revenue, restores positive retained earnings

Nigeria's largest brewer recorded 9% revenue growth in first half of 2026, reaching N804 billion and reversing earlier financial losses.

Business·By Plus234Feed Editorial·4 Aug 2026

NAICOM clears 43 insurers as recapitalisation push transforms sector

Nigeria's insurance regulator has approved 43 firms meeting new capital rules, marking a major industry overhaul tied to economic growth targets.

Business·By Plus234Feed Editorial·3 Aug 2026

Access Bank denies shutdown claims, confirms full operations

Access Bank has rejected false social media posts claiming the lender would cease operations, stating it remains financially stable and operational.

Business·By Plus234Feed Editorial·30 Jul 2026

Lagos Building Insurance Scheme launched; NAICOM seeks nationwide adoption

Lagos State launches mandatory building insurance program for structures above one storey, with federal regulators backing the model for national expansion.

Business·By Plus234Feed Editorial·27 Jul 2026

Shettima Pushes Africa to Process Raw Materials Locally, Not Export Them

Vice President Kashim Shettima called on African nations to stop exporting unprocessed materials and instead develop domestic manufacturing during a visit to…

Business·By Plus234Feed Editorial·23 Jul 2026

Shettima visits Benin's industrial zone with six state governors

Nigeria's Vice President travels to Cotonou to study Benin's textile manufacturing hub and explore opportunities to revitalise the country's textile sector.

Business·By Plus234Feed Editorial·23 Jul 2026

Transcorp Hotels Lifts H1 Profit 21% to ₦10.5bn Despite Revenue Slip

Transcorp Hotels Plc grew half-year profit after tax by 21% to ₦10.5 billion, crediting cost discipline as revenue declined to ₦44.4 billion.

Business·By Plus234Feed Editorial·22 Jul 2026

FCMB, 247 Travels Launch N10m Flight Financing Scheme

First City Monument Bank partners with 247 Travels to offer Nigerians loans up to N10 million for international air tickets, repayable over three to nine…

Business·By Plus234Feed Editorial·22 Jul 2026

NUPRC Awards 37 Oil Blocks to 31 Companies in 2025 Licensing Round

Nigeria's petroleum regulator concluded an eight-month bidding process, awarding 37 oil and gas blocks while returning 13 unsold blocks to its licensing basket.