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 49–66

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Business·By Plus234Feed Editorial·21 Jul 2026

Senate passes bill to overhaul insurance regulation, replaces 1997 NAICOM Act

Nigeria's Senate has approved legislation to repeal the nearly 30-year-old National Insurance Commission Act and establish a modernized regulatory framework…

Business·By Plus234Feed Editorial·24 Jun 2026

Umahi Pushes Cement Makers to Cut Prices Amid Infrastructure Cost Crisis

Nigeria's Works Minister David Umahi has called on cement manufacturers to reduce prices, citing strain on federal construction projects from rising material…

Business·By Plus234Feed Editorial·24 Jun 2026

NUPRC and Defence Ministry launch joint strategy to secure Nigerian oil infrastructure

Nigeria's upstream regulator and defence ministry partner on technology and community engagement to combat crude theft and pipeline sabotage.

Business·By Plus234Feed Editorial·24 Jun 2026

Tinubu, Mastercard Plan to Train 5M Nigerians in Digital Skills

President Tinubu met with Mastercard CEO Michael Miebach to discuss digital economy initiatives targeting youth and small businesses across Nigeria.

Business·By Plus234Feed Editorial·23 Jun 2026

SEC halts Dangote Refinery IPO marketing, warns of unapproved offer

Nigeria's securities regulator has banned promotional activities for a Dangote Refinery initial public offering that has not received regulatory approval.

Business·By Plus234Feed Editorial·23 Jun 2026

FG Calls Emergency Meeting on Cooking Gas as Prices Surge Nationwide

Nigeria's government convened urgent talks with security agencies to tackle rising LPG prices driven by market diversion and hoarding affecting millions of…

Business·By Plus234Feed Editorial·23 Jun 2026

Umahi pressures cement makers to slash prices amid project strain

Nigeria's Works Minister David Umahi has called on cement manufacturers to reduce prices, citing escalating costs that threaten government infrastructure…

Business·By Plus234Feed Editorial·19 Jun 2026

SpaceX IPO raises $75bn, makes Musk world's first trillionaire

SpaceX debuted on Nasdaq with a record $75 billion IPO, pushing founder Elon Musk past the $1 trillion net worth mark.

Business·By Plus234Feed Editorial·19 Jun 2026

Nigeria Surpasses OPEC Quota as Oil Output Hits Multi-Month Peak

Nigeria's crude oil production reached its highest level in over a year in May 2026, exceeding its OPEC-set quota amid improved operational conditions.

Business·By Plus234Feed Editorial·19 Jun 2026

Regency Alliance Insurance Launches N3bn Rights Issue to Boost Capital

Regency Alliance Insurance Plc has signed a rights issue agreement to raise N3 billion through share offerings to existing shareholders starting 22 June 2026.

Business·By Plus234Feed Editorial·19 Jun 2026

Nigeria Launches Digital Switch Over Platform to Modernise Broadcasting

The Federal Government unveiled its Digital Switch Over platform on June 17, 2026, at NigComSat headquarters in Abuja, with Information Minister Mohammed…

Business·By Plus234Feed Editorial·19 Jun 2026

FG Dismisses IMF Tax Proposal on Fuel and Telecoms Sector

Nigeria's government has rejected suggestions to levy new taxes on petroleum and telecoms, stating IMF recommendations are not binding policy decisions.

Business·By Plus234Feed Editorial·19 Jun 2026

NUPRC Says Nigeria Can Hit 1.9mbpd as Output Reaches 1.86mbpd

Nigeria's oil regulator says existing infrastructure can support 1.9 million barrels daily as crude production climbs toward that target.

Business·By Plus234Feed Editorial·19 Jun 2026

Dangote Refinery Cuts Petrol Price by N75 Per Litre

Nigeria's largest refinery has reduced ex-depot petrol prices following a decline in global crude oil costs and easing Middle East tensions.

Business·By Plus234Feed Editorial·19 Jun 2026

CBN orders banks and fintechs to move payment data to local servers by 2027

Nigeria's central bank has directed all banks and fintech firms to store payment transaction data on domestic servers, with a deadline of January 1, 2027.

Business·By Plus234Feed Editorial·19 Jun 2026

IMF Pushes Nigeria to Tax Fuel, Telecoms to Shore Up Revenue

The International Monetary Fund recommends the Tinubu administration introduce levies on fuel and telecommunications services to boost government income.

Business·By Plus234Feed Editorial·18 Jun 2026

Nigeria Vows Deeper Fiscal Reforms After IMF's Positive Assessment

Finance Minister Taiwo Oyedele says Nigeria will strengthen budget transparency and fiscal data quality following the IMF's endorsement of the country's…

Business·By Plus234Feed Editorial·18 Jun 2026

RMAFC Pushes Taxpayer Safeguards in Revenue System Overhaul

Nigeria's fiscal commission emphasizes protecting taxpayers while reforming revenue distribution across federal, state and local governments.