https://www.plus234feed.com/category/business Latest Business news from Nigeria — Plus234Feed en Sat, 30 May 2026 11:33:41 GMT Plus234Feed API v2.0 https://www.plus234feed.com/article/nigeria-backs-trumps-trade-driven-economic-partnership-says-amb-jimoh-ibrahim-mps7xse9 https://www.plus234feed.com/article/nigeria-backs-trumps-trade-driven-economic-partnership-says-amb-jimoh-ibrahim-mps7xse9 Nigeria, represented by Ambassador Jimoh Ibrahim, has expressed support for a trade-driven economic partnership initiated by former U.S. President Donald Trump. This commitment was made during a meeting at Nigeria's permanent mission to the United Nations in New York. <div><p>Nigeria, represented by Ambassador Jimoh Ibrahim, has expressed support for a trade-driven economic partnership initiated by former U.S. President Donald Trump. This commitment was made during a meeting at Nigeria's permanent mission to the United Nations in New York.</p><p><a href="https://www.plus234feed.com/article/nigeria-backs-trumps-trade-driven-economic-partnership-says-amb-jimoh-ibrahim-mps7xse9">Read full article</a></p></div> Sat, 30 May 2026 10:36:52 GMT business Unknown https://www.plus234feed.com/article/im-happy-states-no-longer-struggle-to-pay-salaries-tinubu-mprwlqfp https://www.plus234feed.com/article/im-happy-states-no-longer-struggle-to-pay-salaries-tinubu-mprwlqfp Bola Ahmed Tinubu expressed satisfaction that states in Nigeria are no longer struggling to pay salaries, attributing this to economic recovery and reduced dependence on federal intervention. He highlighted ongoing infrastructure projects and agricultural potential as key areas for growth. <div><p>Bola Ahmed Tinubu expressed satisfaction that states in Nigeria are no longer struggling to pay salaries, attributing this to economic recovery and reduced dependence on federal intervention. He highlighted ongoing infrastructure projects and agricultural potential as key areas for growth.</p><p><a href="https://www.plus234feed.com/article/im-happy-states-no-longer-struggle-to-pay-salaries-tinubu-mprwlqfp">Read full article</a></p></div> Sat, 30 May 2026 05:22:00 GMT business Unknown https://www.plus234feed.com/article/food-imports-gulp-234bn-in-2025-cbn-mprmlz3i https://www.plus234feed.com/article/food-imports-gulp-234bn-in-2025-cbn-mprmlz3i Nigeria's food imports cost $2.34 billion in 2025, a decrease from $2.53 billion in 2024. Despite this reduction, the country remains heavily reliant on food imports, with significant monthly expenditures and challenges in local agricultural production. <div><p>Nigeria's food imports cost $2.34 billion in 2025, a decrease from $2.53 billion in 2024. Despite this reduction, the country remains heavily reliant on food imports, with significant monthly expenditures and challenges in local agricultural production.</p><p><a href="https://www.plus234feed.com/article/food-imports-gulp-234bn-in-2025-cbn-mprmlz3i">Read full article</a></p></div> Sat, 30 May 2026 00:37:00 GMT business Unknown https://www.plus234feed.com/article/ogun-attracting-local-diaspora-investments-mprmmka4 https://www.plus234feed.com/article/ogun-attracting-local-diaspora-investments-mprmmka4 Ogun State is attracting local and diaspora investments due to reforms by Governor Dapo Abiodun. The inauguration of Treal Hotel Suites in Abeokuta marks efforts to enhance the business environment, with calls for Nigerian professionals abroad to invest back home. <div><p>Ogun State is attracting local and diaspora investments due to reforms by Governor Dapo Abiodun. The inauguration of Treal Hotel Suites in Abeokuta marks efforts to enhance the business environment, with calls for Nigerian professionals abroad to invest back home.</p><p><a href="https://www.plus234feed.com/article/ogun-attracting-local-diaspora-investments-mprmmka4">Read full article</a></p></div> Sat, 30 May 2026 00:17:00 GMT business Unknown https://www.plus234feed.com/article/tinubu-fuel-subsidy-removal-saved-nigeria-from-bankruptcy-mps7z97n https://www.plus234feed.com/article/tinubu-fuel-subsidy-removal-saved-nigeria-from-bankruptcy-mps7z97n President Bola Tinubu stated that the removal of fuel subsidies has saved Nigeria from imminent bankruptcy, laying the foundation for economic recovery. He emphasized the necessity of this controversial policy during a Sallah celebration, attended by various state governors. <div><p>President Bola Tinubu stated that the removal of fuel subsidies has saved Nigeria from imminent bankruptcy, laying the foundation for economic recovery. He emphasized the necessity of this controversial policy during a Sallah celebration, attended by various state governors.</p><p><a href="https://www.plus234feed.com/article/tinubu-fuel-subsidy-removal-saved-nigeria-from-bankruptcy-mps7z97n">Read full article</a></p></div> Sat, 30 May 2026 00:00:00 GMT business The Authority https://www.plus234feed.com/article/fuel-subsidy-removal-saved-nigeria-from-bankruptcy-tinubu-mps7zrvb https://www.plus234feed.com/article/fuel-subsidy-removal-saved-nigeria-from-bankruptcy-tinubu-mps7zrvb President Bola Tinubu stated that the removal of fuel subsidies has saved Nigeria from imminent bankruptcy and is crucial for economic recovery. Despite public criticism, the decision aims to stabilize public finances and enable necessary reforms. <div><p>President Bola Tinubu stated that the removal of fuel subsidies has saved Nigeria from imminent bankruptcy and is crucial for economic recovery. Despite public criticism, the decision aims to stabilize public finances and enable necessary reforms.</p><p><a href="https://www.plus234feed.com/article/fuel-subsidy-removal-saved-nigeria-from-bankruptcy-tinubu-mps7zrvb">Read full article</a></p></div> Sat, 30 May 2026 00:00:00 GMT business Caleb Obiowo https://www.plus234feed.com/article/tax-strategies-for-nigerian-diaspora-investors-in-2026-mps7zzoj https://www.plus234feed.com/article/tax-strategies-for-nigerian-diaspora-investors-in-2026-mps7zzoj The Nigerian Tax Act 2025, effective in 2026, introduces new tax regulations for diaspora investors, emphasizing residency status and tax obligations. It aims to clarify tax treatment on income and capital gains, providing opportunities for tax-efficient investment strategies. <div><p>The Nigerian Tax Act 2025, effective in 2026, introduces new tax regulations for diaspora investors, emphasizing residency status and tax obligations. It aims to clarify tax treatment on income and capital gains, providing opportunities for tax-efficient investment strategies.</p><p><a href="https://www.plus234feed.com/article/tax-strategies-for-nigerian-diaspora-investors-in-2026-mps7zzoj">Read full article</a></p></div> Sat, 30 May 2026 00:00:00 GMT business Kalu Aja https://www.plus234feed.com/article/how-we-saved-nigeria-from-bankruptcy-tinubu-mps0ctzk https://www.plus234feed.com/article/how-we-saved-nigeria-from-bankruptcy-tinubu-mps0ctzk President Bola Tinubu stated that his administration has successfully saved Nigeria from the brink of bankruptcy, laying a solid foundation for gradual economic recovery. <div><p>President Bola Tinubu stated that his administration has successfully saved Nigeria from the brink of bankruptcy, laying a solid foundation for gradual economic recovery.</p><p><a href="https://www.plus234feed.com/article/how-we-saved-nigeria-from-bankruptcy-tinubu-mps0ctzk">Read full article</a></p></div> Fri, 29 May 2026 23:00:00 GMT business Mojeed Oladipupo https://www.plus234feed.com/article/pos-operators-threaten-to-shutdown-services-nationwide-give-reasons-mps2e3s5 https://www.plus234feed.com/article/pos-operators-threaten-to-shutdown-services-nationwide-give-reasons-mps2e3s5 POS operators in Nigeria threaten to suspend services nationwide due to regulatory failures and anti-competitive practices affecting card transactions. They demand urgent intervention from the Central Bank of Nigeria and the Federal Competition and Consumer Protection Commission to ensure compliance and fair competition. <div><p>POS operators in Nigeria threaten to suspend services nationwide due to regulatory failures and anti-competitive practices affecting card transactions. They demand urgent intervention from the Central Bank of Nigeria and the Federal Competition and Consumer Protection Commission to ensure compliance and fair competition.</p><p><a href="https://www.plus234feed.com/article/pos-operators-threaten-to-shutdown-services-nationwide-give-reasons-mps2e3s5">Read full article</a></p></div> Fri, 29 May 2026 23:00:00 GMT business Mfonobong Daniel https://www.plus234feed.com/article/tinubu-fuel-subsidy-removal-saved-nigeria-from-bankruptcy-mps0bbea https://www.plus234feed.com/article/tinubu-fuel-subsidy-removal-saved-nigeria-from-bankruptcy-mps0bbea President Bola Ahmed Tinubu stated that the removal of fuel subsidies has saved Nigeria from bankruptcy, acknowledging the challenges faced by citizens. He emphasized the need for fiscal reforms and partnerships between federal and state governments to stabilize the economy and promote growth. <div><p>President Bola Ahmed Tinubu stated that the removal of fuel subsidies has saved Nigeria from bankruptcy, acknowledging the challenges faced by citizens. He emphasized the need for fiscal reforms and partnerships between federal and state governments to stabilize the economy and promote growth.</p><p><a href="https://www.plus234feed.com/article/tinubu-fuel-subsidy-removal-saved-nigeria-from-bankruptcy-mps0bbea">Read full article</a></p></div> Fri, 29 May 2026 22:38:58 GMT business Baba Martins https://www.plus234feed.com/article/subsidy-removal-saved-nigeria-from-bankruptcy-tinubu-insists-mprg52nq https://www.plus234feed.com/article/subsidy-removal-saved-nigeria-from-bankruptcy-tinubu-insists-mprg52nq President Bola Tinubu stated that the removal of fuel subsidies has saved Nigeria from bankruptcy, emphasizing the need for economic reforms. He addressed state governors in Lagos, highlighting the positive impacts of these reforms on the economy and urging patience from the populace. <div><p>President Bola Tinubu stated that the removal of fuel subsidies has saved Nigeria from bankruptcy, emphasizing the need for economic reforms. He addressed state governors in Lagos, highlighting the positive impacts of these reforms on the economy and urging patience from the populace.</p><p><a href="https://www.plus234feed.com/article/subsidy-removal-saved-nigeria-from-bankruptcy-tinubu-insists-mprg52nq">Read full article</a></p></div> Fri, 29 May 2026 21:57:00 GMT business Unknown https://www.plus234feed.com/article/cbn-extends-pos-geo-fencing-deadline-to-august-1-mprouqk0 https://www.plus234feed.com/article/cbn-extends-pos-geo-fencing-deadline-to-august-1-mprouqk0 The Central Bank of Nigeria has extended the deadline for Point of Sale (PoS) geo-fencing compliance to August 1, 2026. This decision aims to strengthen oversight of electronic payment channels and address operational challenges faced by financial institutions. <div><p>The Central Bank of Nigeria has extended the deadline for Point of Sale (PoS) geo-fencing compliance to August 1, 2026. This decision aims to strengthen oversight of electronic payment channels and address operational challenges faced by financial institutions.</p><p><a href="https://www.plus234feed.com/article/cbn-extends-pos-geo-fencing-deadline-to-august-1-mprouqk0">Read full article</a></p></div> Fri, 29 May 2026 19:05:00 GMT business Unknown https://www.plus234feed.com/article/seplat-energy-ceo-and-cfo-exercise-vested-ltip-shares-retain-stakes-after-tax-b56179 https://www.plus234feed.com/article/seplat-energy-ceo-and-cfo-exercise-vested-ltip-shares-retain-stakes-after-tax-b56179 Seplat Energy PLC has filed a notification of transactions by persons discharging managerial responsibilities, disclosing the exercise of vested Long Term Incentive Plan (LTIP) shares by its CEO and CFO on 22 May 2026. The filing details the number of shares exercised, shares withheld to settle Nigerian personal income tax obligations, and the resulting net shareholdings of both executives. <div><p>Seplat Energy PLC has filed a notification of transactions by persons discharging managerial responsibilities, disclosing the exercise of vested Long Term Incentive Plan (LTIP) shares by its CEO and CFO on 22 May 2026. The filing details the number of shares exercised, shares withheld to settle Nigerian personal income tax obligations, and the resulting net shareholdings of both executives.</p><p><a href="https://www.plus234feed.com/article/seplat-energy-ceo-and-cfo-exercise-vested-ltip-shares-retain-stakes-after-tax-b56179">Read full article</a></p></div> Fri, 29 May 2026 18:22:35 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/tip-acquires-extra-20-in-uganda-unit-making-it-a-full-subsidiary-325601 https://www.plus234feed.com/article/tip-acquires-extra-20-in-uganda-unit-making-it-a-full-subsidiary-325601 The Initiates Plc (TIP) has filed a corporate action notice disclosing the acquisition of an additional 20% equity stake in The Initiates Uganda (TIU), completed on May 5, 2026. The filing details the transaction terms, strategic rationale, and implications for shareholders. <div><p>The Initiates Plc (TIP) has filed a corporate action notice disclosing the acquisition of an additional 20% equity stake in The Initiates Uganda (TIU), completed on May 5, 2026. The filing details the transaction terms, strategic rationale, and implications for shareholders.</p><p><a href="https://www.plus234feed.com/article/tip-acquires-extra-20-in-uganda-unit-making-it-a-full-subsidiary-325601">Read full article</a></p></div> Fri, 29 May 2026 18:22:21 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/cutix-plc-schedules-june-26-board-meeting-to-approve-2026-full-year-accounts-e221c5 https://www.plus234feed.com/article/cutix-plc-schedules-june-26-board-meeting-to-approve-2026-full-year-accounts-e221c5 CUTIX Plc has notified the Nigerian Exchange Limited of a Board of Directors meeting scheduled for Thursday, June 26, 2026. The sole substantive agenda item is the consideration and approval of the company's Audited Financial Statements for the year ended April 30, 2026. <div><p>CUTIX Plc has notified the Nigerian Exchange Limited of a Board of Directors meeting scheduled for Thursday, June 26, 2026. The sole substantive agenda item is the consideration and approval of the company's Audited Financial Statements for the year ended April 30, 2026.</p><p><a href="https://www.plus234feed.com/article/cutix-plc-schedules-june-26-board-meeting-to-approve-2026-full-year-accounts-e221c5">Read full article</a></p></div> Fri, 29 May 2026 18:22:08 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/cutix-plc-board-approves-q4-unaudited-financials-at-171st-meeting-72b03b https://www.plus234feed.com/article/cutix-plc-board-approves-q4-unaudited-financials-at-171st-meeting-72b03b CUTIX Plc held its 171st Board of Directors meeting on 29th May 2026, during which the Q4 Unaudited Financial Statements for the period ended April 30, 2026 were considered and approved subject to a few amendments. The company disclosed that the Q4 UFS would be filed with the Nigerian Exchange Limited on or before 30th May 2026. <div><p>CUTIX Plc held its 171st Board of Directors meeting on 29th May 2026, during which the Q4 Unaudited Financial Statements for the period ended April 30, 2026 were considered and approved subject to a few amendments. The company disclosed that the Q4 UFS would be filed with the Nigerian Exchange Limited on or before 30th May 2026.</p><p><a href="https://www.plus234feed.com/article/cutix-plc-board-approves-q4-unaudited-financials-at-171st-meeting-72b03b">Read full article</a></p></div> Fri, 29 May 2026 18:21:55 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/madrid-tops-forbes-list-as-worlds-most-valuable-football-club-mprabbes https://www.plus234feed.com/article/madrid-tops-forbes-list-as-worlds-most-valuable-football-club-mprabbes Real Madrid has been named the world's most valuable football club by Forbes, with a valuation of $9.5 billion. FC Barcelona follows in second place at $7.5 billion, while Manchester United drops to third at $7.2 billion. <div><p>Real Madrid has been named the world's most valuable football club by Forbes, with a valuation of $9.5 billion. FC Barcelona follows in second place at $7.5 billion, while Manchester United drops to third at $7.2 billion.</p><p><a href="https://www.plus234feed.com/article/madrid-tops-forbes-list-as-worlds-most-valuable-football-club-mprabbes">Read full article</a></p></div> Fri, 29 May 2026 17:46:00 GMT business Unknown https://www.plus234feed.com/article/ngx-market-wrap-2026-05-29 https://www.plus234feed.com/article/ngx-market-wrap-2026-05-29 The Nigerian stock market closed at 250,385.47 points on Friday with mixed momentum, as strong gains in mid-cap and small-cap stocks were tempered by sharp declines in select blue-chip and consumer-facing equities. Trading activity remained healthy, with ₦43.4 billion in total value exchanged across 93,626 deals. <div><p>The Nigerian stock market closed at 250,385.47 points on Friday with mixed momentum, as strong gains in mid-cap and small-cap stocks were tempered by sharp declines in select blue-chip and consumer-facing equities. Trading activity remained healthy, with ₦43.4 billion in total value exchanged across 93,626 deals.</p><p><a href="https://www.plus234feed.com/article/ngx-market-wrap-2026-05-29">Read full article</a></p></div> Fri, 29 May 2026 16:22:43 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/lagos-agency-approves-17279-building-permits-in-10-months-mpr29a5f https://www.plus234feed.com/article/lagos-agency-approves-17279-building-permits-in-10-months-mpr29a5f Lagos State approved 17,279 building permits from June 2025 to March 2026, as disclosed by Dr. Abiodun Olumide during a press briefing. This initiative aims to enhance compliance with physical planning regulations and improve the efficiency of the permit process. <div><p>Lagos State approved 17,279 building permits from June 2025 to March 2026, as disclosed by Dr. Abiodun Olumide during a press briefing. This initiative aims to enhance compliance with physical planning regulations and improve the efficiency of the permit process.</p><p><a href="https://www.plus234feed.com/article/lagos-agency-approves-17279-building-permits-in-10-months-mpr29a5f">Read full article</a></p></div> Fri, 29 May 2026 15:32:00 GMT business Unknown https://www.plus234feed.com/article/pz-cussons-nigeria-calls-emergency-board-meeting-to-address-human-capital-matters-ba102b https://www.plus234feed.com/article/pz-cussons-nigeria-calls-emergency-board-meeting-to-address-human-capital-matters-ba102b PZ Cussons Nigeria Plc filed a notification on 26 May 2026 announcing an emergency Board meeting scheduled for 29 May 2026. The meeting, held via Microsoft Teams, was convened to consider organisational and human capital matters. <div><p>PZ Cussons Nigeria Plc filed a notification on 26 May 2026 announcing an emergency Board meeting scheduled for 29 May 2026. The meeting, held via Microsoft Teams, was convened to consider organisational and human capital matters.</p><p><a href="https://www.plus234feed.com/article/pz-cussons-nigeria-calls-emergency-board-meeting-to-address-human-capital-matters-ba102b">Read full article</a></p></div> Fri, 29 May 2026 13:36:58 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/presco-plc-appoints-françois-van-hoydonck-as-non-executive-director-899403 https://www.plus234feed.com/article/presco-plc-appoints-françois-van-hoydonck-as-non-executive-director-899403 Presco Plc has notified the Nigerian Exchange Limited of a change to its Board of Directors, announcing the appointment of Mr. François Van Hoydonck as a Non-Executive Director to fill a casual vacancy. The filing, dated 29 May 2026, outlines his professional background and the terms of his appointment. <div><p>Presco Plc has notified the Nigerian Exchange Limited of a change to its Board of Directors, announcing the appointment of Mr. François Van Hoydonck as a Non-Executive Director to fill a casual vacancy. The filing, dated 29 May 2026, outlines his professional background and the terms of his appointment.</p><p><a href="https://www.plus234feed.com/article/presco-plc-appoints-françois-van-hoydonck-as-non-executive-director-899403">Read full article</a></p></div> Fri, 29 May 2026 13:36:47 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/stanbic-ibtc-enters-closed-period-from-june-1-board-meeting-set-for-july-31-d014f1 https://www.plus234feed.com/article/stanbic-ibtc-enters-closed-period-from-june-1-board-meeting-set-for-july-31-d014f1 Stanbic IBTC Holdings PLC has notified NGX and shareholders that its closed period commences on 1 June 2026, ahead of a Board of Directors meeting scheduled for 31 July 2026. The board meeting will consider the company's Half Year Audited Financial Statements for the period ending 30 June 2026 and a proposed interim dividend. <div><p>Stanbic IBTC Holdings PLC has notified NGX and shareholders that its closed period commences on 1 June 2026, ahead of a Board of Directors meeting scheduled for 31 July 2026. The board meeting will consider the company's Half Year Audited Financial Statements for the period ending 30 June 2026 and a proposed interim dividend.</p><p><a href="https://www.plus234feed.com/article/stanbic-ibtc-enters-closed-period-from-june-1-board-meeting-set-for-july-31-d014f1">Read full article</a></p></div> Fri, 29 May 2026 13:36:36 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/oando-submits-2025-audited-accounts-to-frcn-eyes-june-12-publication-7d5534 https://www.plus234feed.com/article/oando-submits-2025-audited-accounts-to-frcn-eyes-june-12-publication-7d5534 Oando PLC has filed an update informing shareholders that its Board of Directors has approved the 2025 Audited Financial Statements and submitted them to the Financial Reporting Council of Nigeria for regulatory review. The company expects to publish the audited accounts on or before June 12, 2026, followed by its Q1 2026 Unaudited Financial Statements by June 30, 2026. <div><p>Oando PLC has filed an update informing shareholders that its Board of Directors has approved the 2025 Audited Financial Statements and submitted them to the Financial Reporting Council of Nigeria for regulatory review. The company expects to publish the audited accounts on or before June 12, 2026, followed by its Q1 2026 Unaudited Financial Statements by June 30, 2026.</p><p><a href="https://www.plus234feed.com/article/oando-submits-2025-audited-accounts-to-frcn-eyes-june-12-publication-7d5534">Read full article</a></p></div> Fri, 29 May 2026 13:36:23 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/full-text-tinubus-third-anniversary-speech-mprg3mhq https://www.plus234feed.com/article/full-text-tinubus-third-anniversary-speech-mprg3mhq President Bola Ahmed Tinubu delivered a speech marking the third anniversary of his administration, addressing economic challenges, fiscal pressures, and the need for reforms. He emphasized visible progress in economic growth, infrastructure development, and the importance of sacrifices for a better future. <div><p>President Bola Ahmed Tinubu delivered a speech marking the third anniversary of his administration, addressing economic challenges, fiscal pressures, and the need for reforms. He emphasized visible progress in economic growth, infrastructure development, and the importance of sacrifices for a better future.</p><p><a href="https://www.plus234feed.com/article/full-text-tinubus-third-anniversary-speech-mprg3mhq">Read full article</a></p></div> Fri, 29 May 2026 10:17:09 GMT business . https://www.plus234feed.com/article/anniversary-taraba-approves-n500m-youth-start-up-fund-mpqplxlw https://www.plus234feed.com/article/anniversary-taraba-approves-n500m-youth-start-up-fund-mpqplxlw Taraba State Governor Agbu Kefa announced a N500 million youth start-up fund to tackle unemployment and promote economic growth. The program is set to commence in June 2026 and aims to empower 296 registered youths through a broader reform initiative. <div><p>Taraba State Governor Agbu Kefa announced a N500 million youth start-up fund to tackle unemployment and promote economic growth. The program is set to commence in June 2026 and aims to empower 296 registered youths through a broader reform initiative.</p><p><a href="https://www.plus234feed.com/article/anniversary-taraba-approves-n500m-youth-start-up-fund-mpqplxlw">Read full article</a></p></div> Fri, 29 May 2026 09:12:00 GMT business Unknown https://www.plus234feed.com/article/invest-in-the-nations-economy-ashimolowo-urges-nigerians-abroad-mpqpmz1l https://www.plus234feed.com/article/invest-in-the-nations-economy-ashimolowo-urges-nigerians-abroad-mpqpmz1l Matthew Ashimolowo urged Nigerians abroad to invest in Nigeria's economy during the inauguration of Treal Hotel Suites in Abeokuta, Ogun State. He emphasized the importance of diaspora investment for national development, supported by Ogun State officials who aim to create a favorable business environment. <div><p>Matthew Ashimolowo urged Nigerians abroad to invest in Nigeria's economy during the inauguration of Treal Hotel Suites in Abeokuta, Ogun State. He emphasized the importance of diaspora investment for national development, supported by Ogun State officials who aim to create a favorable business environment.</p><p><a href="https://www.plus234feed.com/article/invest-in-the-nations-economy-ashimolowo-urges-nigerians-abroad-mpqpmz1l">Read full article</a></p></div> Fri, 29 May 2026 08:39:00 GMT business Unknown https://www.plus234feed.com/article/bank-of-industry-wins-sustainable-bank-of-the-year-at-african-banker-awards-2026-mpqhksap https://www.plus234feed.com/article/bank-of-industry-wins-sustainable-bank-of-the-year-at-african-banker-awards-2026-mpqhksap Bank of Industry was awarded Sustainable Bank of the Year at the 20th African Banker Awards 2026 in Brazzaville, Republic of Congo. This recognition underscores the bank's commitment to sustainable finance and its role in economic transformation across Nigeria and Africa. <div><p>Bank of Industry was awarded Sustainable Bank of the Year at the 20th African Banker Awards 2026 in Brazzaville, Republic of Congo. This recognition underscores the bank's commitment to sustainable finance and its role in economic transformation across Nigeria and Africa.</p><p><a href="https://www.plus234feed.com/article/bank-of-industry-wins-sustainable-bank-of-the-year-at-african-banker-awards-2026-mpqhksap">Read full article</a></p></div> Fri, 29 May 2026 05:18:14 GMT business Unknown https://www.plus234feed.com/article/global-investment-in-energy-to-hit-34tn-in-2026-renewables-attract-665-billion-mpqhjsgt https://www.plus234feed.com/article/global-investment-in-energy-to-hit-34tn-in-2026-renewables-attract-665-billion-mpqhjsgt Global energy investment is projected to reach $3.4 trillion by 2026, with renewables attracting $665 billion. The International Energy Agency (IEA) reports significant shifts in energy priorities, emphasizing electrification and renewable technologies amid rising geopolitical tensions and energy security concerns. <div><p>Global energy investment is projected to reach $3.4 trillion by 2026, with renewables attracting $665 billion. The International Energy Agency (IEA) reports significant shifts in energy priorities, emphasizing electrification and renewable technologies amid rising geopolitical tensions and energy security concerns.</p><p><a href="https://www.plus234feed.com/article/global-investment-in-energy-to-hit-34tn-in-2026-renewables-attract-665-billion-mpqhjsgt">Read full article</a></p></div> Fri, 29 May 2026 05:08:19 GMT business contrast, investments in fossil fuels, including oil, natural gas and coal are expected to total about $1.2 trillion. The report highlighted a major shift in global energy priorities, with electricity-related investments now dominating overall spending trends. https://www.plus234feed.com/article/how-kia-nigeria-is-making-electric-vehicles-accessible-in-nigeria-mprrybye https://www.plus234feed.com/article/how-kia-nigeria-is-making-electric-vehicles-accessible-in-nigeria-mprrybye Kia Nigeria is enhancing the accessibility of electric vehicles (EVs) in Nigeria by investing in local infrastructure and flexible ownership solutions. The company aims to reduce carbon emissions and promote sustainable transport amid rising fuel costs. <div><p>Kia Nigeria is enhancing the accessibility of electric vehicles (EVs) in Nigeria by investing in local infrastructure and flexible ownership solutions. The company aims to reduce carbon emissions and promote sustainable transport amid rising fuel costs.</p><p><a href="https://www.plus234feed.com/article/how-kia-nigeria-is-making-electric-vehicles-accessible-in-nigeria-mprrybye">Read full article</a></p></div> Fri, 29 May 2026 05:07:29 GMT business Unknown https://www.plus234feed.com/article/toyota-by-cfao-nigeria-unveils-2026-rav4-mprrykgk https://www.plus234feed.com/article/toyota-by-cfao-nigeria-unveils-2026-rav4-mprrykgk Toyota by CFAO Nigeria has launched the 2026 RAV4 in Nigeria, marking the introduction of the latest generation of this SUV to the local market. The vehicle comes with a three-year manufacturer's warranty and is available in three variants. <div><p>Toyota by CFAO Nigeria has launched the 2026 RAV4 in Nigeria, marking the introduction of the latest generation of this SUV to the local market. The vehicle comes with a three-year manufacturer's warranty and is available in three variants.</p><p><a href="https://www.plus234feed.com/article/toyota-by-cfao-nigeria-unveils-2026-rav4-mprrykgk">Read full article</a></p></div> Fri, 29 May 2026 05:07:28 GMT business Unknown https://www.plus234feed.com/article/pos-operators-threaten-to-suspend-services-over-exclusivity-practice-mprryrad https://www.plus234feed.com/article/pos-operators-threaten-to-suspend-services-over-exclusivity-practice-mprryrad Point of Sale Operators Association threatens to suspend services due to alleged exclusivity practices by Verv and Interswitch. The association claims these practices violate regulations set by the Central Bank of Nigeria and the Federal Competition and Consumer Protection Act. <div><p>Point of Sale Operators Association threatens to suspend services due to alleged exclusivity practices by Verv and Interswitch. The association claims these practices violate regulations set by the Central Bank of Nigeria and the Federal Competition and Consumer Protection Act.</p><p><a href="https://www.plus234feed.com/article/pos-operators-threaten-to-suspend-services-over-exclusivity-practice-mprryrad">Read full article</a></p></div> Fri, 29 May 2026 05:07:27 GMT business Unknown https://www.plus234feed.com/article/travel-insurance-in-nigeria-lessons-advice-from-a-physician-mprrza75 https://www.plus234feed.com/article/travel-insurance-in-nigeria-lessons-advice-from-a-physician-mprrza75 Tayo and Belema experienced a travel accident in America, leading to significant medical expenses. Tayo suffered rib injuries while Belema fractured her shoulder. They faced challenges with travel insurance, including high costs and inadequate coverage, highlighting the importance of insurance for unforeseen medical emergencies. <div><p>Tayo and Belema experienced a travel accident in America, leading to significant medical expenses. Tayo suffered rib injuries while Belema fractured her shoulder. They faced challenges with travel insurance, including high costs and inadequate coverage, highlighting the importance of insurance for unforeseen medical emergencies.</p><p><a href="https://www.plus234feed.com/article/travel-insurance-in-nigeria-lessons-advice-from-a-physician-mprrza75">Read full article</a></p></div> Fri, 29 May 2026 05:07:10 GMT business Unknown https://www.plus234feed.com/article/isong-why-i-quit-7-digit-monthly-job-to-build-logistics-empire-mprorozy https://www.plus234feed.com/article/isong-why-i-quit-7-digit-monthly-job-to-build-logistics-empire-mprorozy Samuel Isong left a prestigious talent acquisition role with a foreign firm, earning a seven-figure monthly salary, to build a logistics empire in Nigeria, aiming to address deficiencies in the local entertainment value chain. <div><p>Samuel Isong left a prestigious talent acquisition role with a foreign firm, earning a seven-figure monthly salary, to build a logistics empire in Nigeria, aiming to address deficiencies in the local entertainment value chain.</p><p><a href="https://www.plus234feed.com/article/isong-why-i-quit-7-digit-monthly-job-to-build-logistics-empire-mprorozy">Read full article</a></p></div> Fri, 29 May 2026 04:39:39 GMT business Unknown https://www.plus234feed.com/article/anchoring-monetary-policy-decisions-on-numbers-mpros45z https://www.plus234feed.com/article/anchoring-monetary-policy-decisions-on-numbers-mpros45z Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria, emphasizes the importance of orthodox monetary policy to restore investor confidence and stabilize the economy. The Monetary Policy Committee has maintained the benchmark interest rate at 26.5% despite rising inflation. <div><p>Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria, emphasizes the importance of orthodox monetary policy to restore investor confidence and stabilize the economy. The Monetary Policy Committee has maintained the benchmark interest rate at 26.5% despite rising inflation.</p><p><a href="https://www.plus234feed.com/article/anchoring-monetary-policy-decisions-on-numbers-mpros45z">Read full article</a></p></div> Fri, 29 May 2026 04:39:25 GMT business Unknown https://www.plus234feed.com/article/arsenal-psg-ucl-final-to-cap-heinekens-fans-have-more-friends-campaign-mpr6nco8 https://www.plus234feed.com/article/arsenal-psg-ucl-final-to-cap-heinekens-fans-have-more-friends-campaign-mpr6nco8 Heineken's "Fans Have More Friends" campaign culminates in a viewing event for the UEFA Champions League final between Arsenal and Paris Saint-Germain on May 30 at Eko Hotel, Lagos. The campaign has fostered social connections among fans across Nigeria. <div><p>Heineken's "Fans Have More Friends" campaign culminates in a viewing event for the UEFA Champions League final between Arsenal and Paris Saint-Germain on May 30 at Eko Hotel, Lagos. The campaign has fostered social connections among fans across Nigeria.</p><p><a href="https://www.plus234feed.com/article/arsenal-psg-ucl-final-to-cap-heinekens-fans-have-more-friends-campaign-mpr6nco8">Read full article</a></p></div> Fri, 29 May 2026 04:10:34 GMT business Unknown https://www.plus234feed.com/article/dangote-refinery-emerges-worlds-biggest-jet-fuel-exporter-set-to-spend-10bn-on-expansion-mprrw6tv https://www.plus234feed.com/article/dangote-refinery-emerges-worlds-biggest-jet-fuel-exporter-set-to-spend-10bn-on-expansion-mprrw6tv Dangote Petroleum Refinery has become the world's largest jet fuel exporter and plans to invest $10 billion in expansion to process 1.4 million barrels per day. The refinery aims to enhance Nigeria's role in the international petroleum market amid supply disruptions. <div><p>Dangote Petroleum Refinery has become the world's largest jet fuel exporter and plans to invest $10 billion in expansion to process 1.4 million barrels per day. The refinery aims to enhance Nigeria's role in the international petroleum market amid supply disruptions.</p><p><a href="https://www.plus234feed.com/article/dangote-refinery-emerges-worlds-biggest-jet-fuel-exporter-set-to-spend-10bn-on-expansion-mprrw6tv">Read full article</a></p></div> Fri, 29 May 2026 04:07:40 GMT business Unknown https://www.plus234feed.com/article/tinubu-justifies-fuel-subsidy-removal-says-it-saved-nigeria-from-bankruptcy-mprrwu7n https://www.plus234feed.com/article/tinubu-justifies-fuel-subsidy-removal-says-it-saved-nigeria-from-bankruptcy-mprrwu7n President Bola Tinubu justified the removal of fuel subsidies, stating it saved Nigeria from bankruptcy and laid the foundation for economic recovery. He acknowledged the difficulties faced by Nigerians and emphasized the importance of ongoing reforms to restore fiscal stability and investor confidence. <div><p>President Bola Tinubu justified the removal of fuel subsidies, stating it saved Nigeria from bankruptcy and laid the foundation for economic recovery. He acknowledged the difficulties faced by Nigerians and emphasized the importance of ongoing reforms to restore fiscal stability and investor confidence.</p><p><a href="https://www.plus234feed.com/article/tinubu-justifies-fuel-subsidy-removal-says-it-saved-nigeria-from-bankruptcy-mprrwu7n">Read full article</a></p></div> Fri, 29 May 2026 04:07:36 GMT business Unknown https://www.plus234feed.com/article/average-price-of-petrol-hits-n1532-amid-food-inflation-mprrxboy https://www.plus234feed.com/article/average-price-of-petrol-hits-n1532-amid-food-inflation-mprrxboy The average retail price of petrol in Nigeria reached N1,532.93 in April 2026, marking a 23.69% increase from the previous year. Yobe recorded the highest average price, while Sokoto had the lowest. Food inflation continues to impact consumer purchasing power. <div><p>The average retail price of petrol in Nigeria reached N1,532.93 in April 2026, marking a 23.69% increase from the previous year. Yobe recorded the highest average price, while Sokoto had the lowest. Food inflation continues to impact consumer purchasing power.</p><p><a href="https://www.plus234feed.com/article/average-price-of-petrol-hits-n1532-amid-food-inflation-mprrxboy">Read full article</a></p></div> Fri, 29 May 2026 04:07:34 GMT business Unknown https://www.plus234feed.com/article/ecowas-moves-to-deepen-regional-trade-as-dangote-pushes-business-council-take-off-mprrxtyi https://www.plus234feed.com/article/ecowas-moves-to-deepen-regional-trade-as-dangote-pushes-business-council-take-off-mprrxtyi ECOWAS is intensifying efforts to deepen regional economic integration and boost private sector participation with the operationalization of the ECOWAS Business Council, chaired by Aliko Dangote. This initiative aims to enhance trade and investment across the West African region. <div><p>ECOWAS is intensifying efforts to deepen regional economic integration and boost private sector participation with the operationalization of the ECOWAS Business Council, chaired by Aliko Dangote. This initiative aims to enhance trade and investment across the West African region.</p><p><a href="https://www.plus234feed.com/article/ecowas-moves-to-deepen-regional-trade-as-dangote-pushes-business-council-take-off-mprrxtyi">Read full article</a></p></div> Fri, 29 May 2026 04:07:32 GMT business Unknown https://www.plus234feed.com/article/fg-inaugurates-abuja-cng-booster-station-ramps-up-gas-infrastructure-drive-mpr25tyl https://www.plus234feed.com/article/fg-inaugurates-abuja-cng-booster-station-ramps-up-gas-infrastructure-drive-mpr25tyl The Federal Government inaugurated the Abuja CNG Booster Station to enhance gas infrastructure and promote cleaner energy. President Bola Tinubu emphasized the importance of this project in expanding access to compressed natural gas (CNG) and supporting Nigeria's economic growth. <div><p>The Federal Government inaugurated the Abuja CNG Booster Station to enhance gas infrastructure and promote cleaner energy. President Bola Tinubu emphasized the importance of this project in expanding access to compressed natural gas (CNG) and supporting Nigeria's economic growth.</p><p><a href="https://www.plus234feed.com/article/fg-inaugurates-abuja-cng-booster-station-ramps-up-gas-infrastructure-drive-mpr25tyl">Read full article</a></p></div> Fri, 29 May 2026 04:07:13 GMT business Unknown https://www.plus234feed.com/article/diversification-drives-gtext-holdings-at-18-mprcaqz1 https://www.plus234feed.com/article/diversification-drives-gtext-holdings-at-18-mprcaqz1 Gtext Holdings celebrated its 18th anniversary with activities highlighting its growth in the digital market and real estate sectors. Founder Stephen Akintayo emphasized ongoing diversification and community support, including training programs and outreach initiatives for families in Lagos and Abuja. <div><p>Gtext Holdings celebrated its 18th anniversary with activities highlighting its growth in the digital market and real estate sectors. Founder Stephen Akintayo emphasized ongoing diversification and community support, including training programs and outreach initiatives for families in Lagos and Abuja.</p><p><a href="https://www.plus234feed.com/article/diversification-drives-gtext-holdings-at-18-mprcaqz1">Read full article</a></p></div> Fri, 29 May 2026 03:50:14 GMT business Unknown https://www.plus234feed.com/article/nigerias-economic-growth-may-weaken-in-2027-afdb-projects-mprach3n https://www.plus234feed.com/article/nigerias-economic-growth-may-weaken-in-2027-afdb-projects-mprach3n The African Development Bank projects Nigeria's economic growth will slow to 3.7% in 2027 due to declining global oil prices, despite a rise to 4.0% in 2025 and 4.1% in 2026, driven by increased oil production and public investment. <div><p>The African Development Bank projects Nigeria's economic growth will slow to 3.7% in 2027 due to declining global oil prices, despite a rise to 4.0% in 2025 and 4.1% in 2026, driven by increased oil production and public investment.</p><p><a href="https://www.plus234feed.com/article/nigerias-economic-growth-may-weaken-in-2027-afdb-projects-mprach3n">Read full article</a></p></div> Fri, 29 May 2026 02:42:00 GMT business Unknown https://www.plus234feed.com/article/smes-risk-collapse-without-operational-structure-mpqcj5vh https://www.plus234feed.com/article/smes-risk-collapse-without-operational-structure-mpqcj5vh SMEs across Africa risk collapse without strong operational structures, according to Nsikan Ubi, founder and CEO of Nubi Consult. She emphasizes the importance of internal systems over rapid expansion to ensure sustainable growth and effective management. <div><p>SMEs across Africa risk collapse without strong operational structures, according to Nsikan Ubi, founder and CEO of Nubi Consult. She emphasizes the importance of internal systems over rapid expansion to ensure sustainable growth and effective management.</p><p><a href="https://www.plus234feed.com/article/smes-risk-collapse-without-operational-structure-mpqcj5vh">Read full article</a></p></div> Fri, 29 May 2026 02:38:00 GMT business Unknown https://www.plus234feed.com/article/expert-urges-new-strategies-to-bridge-insurance-gap-mpqcjh3w https://www.plus234feed.com/article/expert-urges-new-strategies-to-bridge-insurance-gap-mpqcjh3w Ogala Osoka, chairman of the 2026 Almond Insurance Industry Award panel, called for innovative strategies to address Nigeria's low insurance penetration during a press conference in Lagos. The award aims to recognize outstanding efforts in the insurance sector. <div><p>Ogala Osoka, chairman of the 2026 Almond Insurance Industry Award panel, called for innovative strategies to address Nigeria's low insurance penetration during a press conference in Lagos. The award aims to recognize outstanding efforts in the insurance sector.</p><p><a href="https://www.plus234feed.com/article/expert-urges-new-strategies-to-bridge-insurance-gap-mpqcjh3w">Read full article</a></p></div> Fri, 29 May 2026 02:37:00 GMT business Unknown https://www.plus234feed.com/article/diageo-graduates-300-youths-in-hospitality-skills-mpq9gx28 https://www.plus234feed.com/article/diageo-graduates-300-youths-in-hospitality-skills-mpq9gx28 Diageo Nigeria graduated 300 youths in hospitality skills through its Learn Life initiative, launched in September 2025. The program aims to empower young Nigerians with practical training and mentorship, addressing youth unemployment and creating pathways to employment in the hospitality sector. <div><p>Diageo Nigeria graduated 300 youths in hospitality skills through its Learn Life initiative, launched in September 2025. The program aims to empower young Nigerians with practical training and mentorship, addressing youth unemployment and creating pathways to employment in the hospitality sector.</p><p><a href="https://www.plus234feed.com/article/diageo-graduates-300-youths-in-hospitality-skills-mpq9gx28">Read full article</a></p></div> Fri, 29 May 2026 02:31:00 GMT business Unknown https://www.plus234feed.com/article/cppe-raises-alarm-over-power-sector-contraction-mpq9hn5k https://www.plus234feed.com/article/cppe-raises-alarm-over-power-sector-contraction-mpq9hn5k The Centre for the Promotion of Private Enterprise (CPPE) raised concerns over a significant contraction in Nigeria's electricity and gas sector, which declined by 15-30% in Q1 2026. This decline poses serious risks to economic growth and business competitiveness. <div><p>The Centre for the Promotion of Private Enterprise (CPPE) raised concerns over a significant contraction in Nigeria's electricity and gas sector, which declined by 15-30% in Q1 2026. This decline poses serious risks to economic growth and business competitiveness.</p><p><a href="https://www.plus234feed.com/article/cppe-raises-alarm-over-power-sector-contraction-mpq9hn5k">Read full article</a></p></div> Fri, 29 May 2026 02:03:00 GMT business Unknown https://www.plus234feed.com/article/risevest-ceo-backs-south-east-innovation-drive-mpq9hwhf https://www.plus234feed.com/article/risevest-ceo-backs-south-east-innovation-drive-mpq9hwhf Eleanya Ek, CEO of Risevest, supports an initiative by the South-East Development Commission to enhance innovation and entrepreneurship in South-East Nigeria. The program aims to connect startups with funding and mentorship opportunities to unlock the region's economic potential. <div><p>Eleanya Ek, CEO of Risevest, supports an initiative by the South-East Development Commission to enhance innovation and entrepreneurship in South-East Nigeria. The program aims to connect startups with funding and mentorship opportunities to unlock the region's economic potential.</p><p><a href="https://www.plus234feed.com/article/risevest-ceo-backs-south-east-innovation-drive-mpq9hwhf">Read full article</a></p></div> Fri, 29 May 2026 01:59:00 GMT business Unknown https://www.plus234feed.com/article/dulux-targets-mid-tier-paint-market-mpq9i45s https://www.plus234feed.com/article/dulux-targets-mid-tier-paint-market-mpq9i45s CAP Plc has launched the Spruce mid-tier paint brand under the Dulux portfolio, targeting the affordable paint segment in Nigeria. The launch aims to meet rising consumer demand for quality and durable paint solutions at accessible prices. <div><p>CAP Plc has launched the Spruce mid-tier paint brand under the Dulux portfolio, targeting the affordable paint segment in Nigeria. The launch aims to meet rising consumer demand for quality and durable paint solutions at accessible prices.</p><p><a href="https://www.plus234feed.com/article/dulux-targets-mid-tier-paint-market-mpq9i45s">Read full article</a></p></div> Fri, 29 May 2026 01:57:00 GMT business Unknown https://www.plus234feed.com/article/bakare-odugbemi-for-lagos-leadership-summit-mpq7aqbb https://www.plus234feed.com/article/bakare-odugbemi-for-lagos-leadership-summit-mpq7aqbb A leadership summit themed "Pass Torch" will take place on Saturday, May 30, at the Marriott Hotel in Ikeja, Lagos. The event aims to foster mentorship and leadership development, featuring speakers like Pastor Tunde Bakare and Femi Odugbemi. <div><p>A leadership summit themed "Pass Torch" will take place on Saturday, May 30, at the Marriott Hotel in Ikeja, Lagos. The event aims to foster mentorship and leadership development, featuring speakers like Pastor Tunde Bakare and Femi Odugbemi.</p><p><a href="https://www.plus234feed.com/article/bakare-odugbemi-for-lagos-leadership-summit-mpq7aqbb">Read full article</a></p></div> Fri, 29 May 2026 00:30:00 GMT business Unknown https://www.plus234feed.com/article/oil-prices-slide-as-us-iran-ceasefire-talks-progress-mpq7dmbl https://www.plus234feed.com/article/oil-prices-slide-as-us-iran-ceasefire-talks-progress-mpq7dmbl Oil prices fell to $93 per barrel as US-Iran ceasefire talks progressed, raising hopes for reduced petrol prices in Nigeria. The proposed agreement aims to extend the ceasefire and negotiate Iran's nuclear program, potentially easing geopolitical risks and stabilizing global oil supply. <div><p>Oil prices fell to $93 per barrel as US-Iran ceasefire talks progressed, raising hopes for reduced petrol prices in Nigeria. The proposed agreement aims to extend the ceasefire and negotiate Iran's nuclear program, potentially easing geopolitical risks and stabilizing global oil supply.</p><p><a href="https://www.plus234feed.com/article/oil-prices-slide-as-us-iran-ceasefire-talks-progress-mpq7dmbl">Read full article</a></p></div> Fri, 29 May 2026 00:10:00 GMT business Unknown