https://www.plus234feed.com/category/business Latest Business news from Nigeria — Plus234Feed en Wed, 15 Apr 2026 00:53:04 GMT Plus234Feed API v2.0 https://www.plus234feed.com/article/benin-togo-niger-owe-nigeria-955m-electricity-debt-mnzbwl21 https://www.plus234feed.com/article/benin-togo-niger-owe-nigeria-955m-electricity-debt-mnzbwl21 Benin, Togo, and Niger owe Nigeria $9.55 million in unpaid electricity debts, representing a 53.28% remittance performance for the fourth quarter of 2025. The Nigerian Electricity Regulatory Commission reported a total invoiced amount of $20.44 million for these countries. <div><p>Benin, Togo, and Niger owe Nigeria $9.55 million in unpaid electricity debts, representing a 53.28% remittance performance for the fourth quarter of 2025. The Nigerian Electricity Regulatory Commission reported a total invoiced amount of $20.44 million for these countries.</p><p><a href="https://www.plus234feed.com/article/benin-togo-niger-owe-nigeria-955m-electricity-debt-mnzbwl21">Read full article</a></p></div> Wed, 15 Apr 2026 01:08:00 GMT business Unknown https://www.plus234feed.com/article/ecobank-group-posts-29-rise-in-operating-profit-mnzbwr2y https://www.plus234feed.com/article/ecobank-group-posts-29-rise-in-operating-profit-mnzbwr2y Ecobank Group reported a 29% increase in operating profit for the year ending December 31, 2025, reaching 1.265 billion in local currency. The bank's total assets grew by 23% to 34.5 billion, reflecting strong performance across various financial metrics. <div><p>Ecobank Group reported a 29% increase in operating profit for the year ending December 31, 2025, reaching 1.265 billion in local currency. The bank's total assets grew by 23% to 34.5 billion, reflecting strong performance across various financial metrics.</p><p><a href="https://www.plus234feed.com/article/ecobank-group-posts-29-rise-in-operating-profit-mnzbwr2y">Read full article</a></p></div> Wed, 15 Apr 2026 00:47:00 GMT business Unknown https://www.plus234feed.com/article/meast-war-disrupting-economic-growth-in-nigeria-others-g24-mnzbwwow https://www.plus234feed.com/article/meast-war-disrupting-economic-growth-in-nigeria-others-g24-mnzbwwow The G24 coalition expresses concern that the ongoing conflict in the Middle East is disrupting economic growth in Nigeria and other developing countries, warning of deteriorating global economic conditions and urging stronger international financial support. <div><p>The G24 coalition expresses concern that the ongoing conflict in the Middle East is disrupting economic growth in Nigeria and other developing countries, warning of deteriorating global economic conditions and urging stronger international financial support.</p><p><a href="https://www.plus234feed.com/article/meast-war-disrupting-economic-growth-in-nigeria-others-g24-mnzbwwow">Read full article</a></p></div> Wed, 15 Apr 2026 00:46:00 GMT business Unknown https://www.plus234feed.com/article/navy-dismantles-22-illegal-refineries-arrests-18-suspects-mnzbx48f https://www.plus234feed.com/article/navy-dismantles-22-illegal-refineries-arrests-18-suspects-mnzbx48f The Nigerian Navy dismantled 22 illegal refineries and arrested 18 suspects linked to crude oil theft in the Niger Delta. Operations conducted from January to March 2026 resulted in the recovery of 531,500 liters of illegal refined petroleum products. <div><p>The Nigerian Navy dismantled 22 illegal refineries and arrested 18 suspects linked to crude oil theft in the Niger Delta. Operations conducted from January to March 2026 resulted in the recovery of 531,500 liters of illegal refined petroleum products.</p><p><a href="https://www.plus234feed.com/article/navy-dismantles-22-illegal-refineries-arrests-18-suspects-mnzbx48f">Read full article</a></p></div> Wed, 15 Apr 2026 00:44:00 GMT business Unknown https://www.plus234feed.com/article/faac-deductions-gulp-41-of-n84tn-revenue-in-three-years-mnzbxbll https://www.plus234feed.com/article/faac-deductions-gulp-41-of-n84tn-revenue-in-three-years-mnzbxbll FAAC deductions accounted for 41% of Nigeria's N84 trillion revenue over three years, significantly reducing the share available to federal, state, and local governments. The deductions increased sharply, driven by higher transfers to ministries and agencies, amid growing fiscal pressures. <div><p>FAAC deductions accounted for 41% of Nigeria's N84 trillion revenue over three years, significantly reducing the share available to federal, state, and local governments. The deductions increased sharply, driven by higher transfers to ministries and agencies, amid growing fiscal pressures.</p><p><a href="https://www.plus234feed.com/article/faac-deductions-gulp-41-of-n84tn-revenue-in-three-years-mnzbxbll">Read full article</a></p></div> Wed, 15 Apr 2026 00:43:00 GMT business Unknown https://www.plus234feed.com/article/reforms-prevented-120-inflation-surge-says-adedeji-mnzbxi8y https://www.plus234feed.com/article/reforms-prevented-120-inflation-surge-says-adedeji-mnzbxi8y Zacch Adedeji, Executive Chairman of the Nigeria Revenue Service, stated that economic reforms prevented inflation from surging to 120%. He highlighted the importance of these reforms in stabilizing prices and restoring macroeconomic balance, while also addressing fiscal imbalances. <div><p>Zacch Adedeji, Executive Chairman of the Nigeria Revenue Service, stated that economic reforms prevented inflation from surging to 120%. He highlighted the importance of these reforms in stabilizing prices and restoring macroeconomic balance, while also addressing fiscal imbalances.</p><p><a href="https://www.plus234feed.com/article/reforms-prevented-120-inflation-surge-says-adedeji-mnzbxi8y">Read full article</a></p></div> Wed, 15 Apr 2026 00:43:00 GMT business Unknown https://www.plus234feed.com/article/2025fy-dangote-cement-gtco-others-to-reward-shareholders-n32trn-dividend-mnzburyl https://www.plus234feed.com/article/2025fy-dangote-cement-gtco-others-to-reward-shareholders-n32trn-dividend-mnzburyl Dangote Cement, GTCO, and other companies are set to distribute a combined dividend of N3.2 trillion for the 2025 financial year, reflecting a 131.8% increase from N1.36 trillion in 2024. Dangote Cement leads with a payout of N759.31 billion. <div><p>Dangote Cement, GTCO, and other companies are set to distribute a combined dividend of N3.2 trillion for the 2025 financial year, reflecting a 131.8% increase from N1.36 trillion in 2024. Dangote Cement leads with a payout of N759.31 billion.</p><p><a href="https://www.plus234feed.com/article/2025fy-dangote-cement-gtco-others-to-reward-shareholders-n32trn-dividend-mnzburyl">Read full article</a></p></div> Tue, 14 Apr 2026 20:30:26 GMT business Unknown https://www.plus234feed.com/article/x-raying-insurance-sector-stellar-growth-mnzbuyrg https://www.plus234feed.com/article/x-raying-insurance-sector-stellar-growth-mnzbuyrg The Nigerian insurance sector has shown remarkable growth, achieving a record premium income of N1.003 trillion in 2023. Despite economic challenges, the sector is projected to continue expanding, with significant contributions from non-life insurance segments. <div><p>The Nigerian insurance sector has shown remarkable growth, achieving a record premium income of N1.003 trillion in 2023. Despite economic challenges, the sector is projected to continue expanding, with significant contributions from non-life insurance segments.</p><p><a href="https://www.plus234feed.com/article/x-raying-insurance-sector-stellar-growth-mnzbuyrg">Read full article</a></p></div> Tue, 14 Apr 2026 20:30:25 GMT business Unknown https://www.plus234feed.com/article/economist-world-bank-fuel-importation-advice-ill-timed-mnzbv63g https://www.plus234feed.com/article/economist-world-bank-fuel-importation-advice-ill-timed-mnzbv63g Professor Ken Ife criticizes the World Bank's advice for Nigeria to liberalize fuel importation, arguing it undermines the country's energy independence and contradicts local laws. He warns that increasing imports could expose Nigeria to global supply shocks and weaken foreign exchange reserves. <div><p>Professor Ken Ife criticizes the World Bank's advice for Nigeria to liberalize fuel importation, arguing it undermines the country's energy independence and contradicts local laws. He warns that increasing imports could expose Nigeria to global supply shocks and weaken foreign exchange reserves.</p><p><a href="https://www.plus234feed.com/article/economist-world-bank-fuel-importation-advice-ill-timed-mnzbv63g">Read full article</a></p></div> Tue, 14 Apr 2026 20:30:23 GMT business Unknown https://www.plus234feed.com/article/guinness-nigeria-surpasses-n1trn-market-capitalisation-mnzbvdl1 https://www.plus234feed.com/article/guinness-nigeria-surpasses-n1trn-market-capitalisation-mnzbvdl1 Guinness Nigeria Plc has surpassed a market capitalisation of N1 trillion, achieving N1.01 trillion as of April 10, 2026. The company reported significant financial improvements, including a net profit of N41.16 billion for the 18-month period ending December 31, 2025. <div><p>Guinness Nigeria Plc has surpassed a market capitalisation of N1 trillion, achieving N1.01 trillion as of April 10, 2026. The company reported significant financial improvements, including a net profit of N41.16 billion for the 18-month period ending December 31, 2025.</p><p><a href="https://www.plus234feed.com/article/guinness-nigeria-surpasses-n1trn-market-capitalisation-mnzbvdl1">Read full article</a></p></div> Tue, 14 Apr 2026 20:30:21 GMT business Unknown https://www.plus234feed.com/article/otunuga-naira-second-best-performing-african-currency-against-dollar-ytd-mnzbvjjr https://www.plus234feed.com/article/otunuga-naira-second-best-performing-african-currency-against-dollar-ytd-mnzbvjjr The Nigerian Naira has emerged as the second-best performing African currency against the dollar year-to-date, following the Zambian Kwacha. This performance occurs amid geopolitical tensions and a decline in Nigeria's foreign exchange reserves. <div><p>The Nigerian Naira has emerged as the second-best performing African currency against the dollar year-to-date, following the Zambian Kwacha. This performance occurs amid geopolitical tensions and a decline in Nigeria's foreign exchange reserves.</p><p><a href="https://www.plus234feed.com/article/otunuga-naira-second-best-performing-african-currency-against-dollar-ytd-mnzbvjjr">Read full article</a></p></div> Tue, 14 Apr 2026 20:30:20 GMT business Unknown https://www.plus234feed.com/article/lcci-urges-exploitation-of-nigerias-potential-to-achieve-emerging-export-hub-mnzbvq09 https://www.plus234feed.com/article/lcci-urges-exploitation-of-nigerias-potential-to-achieve-emerging-export-hub-mnzbvq09 The Lagos Chamber of Commerce and Industry (LCCI) emphasizes the need to fully exploit Nigeria's export potential to establish the country as an emerging export hub, particularly focusing on non-oil exports and value addition to enhance competitiveness in global markets. <div><p>The Lagos Chamber of Commerce and Industry (LCCI) emphasizes the need to fully exploit Nigeria's export potential to establish the country as an emerging export hub, particularly focusing on non-oil exports and value addition to enhance competitiveness in global markets.</p><p><a href="https://www.plus234feed.com/article/lcci-urges-exploitation-of-nigerias-potential-to-achieve-emerging-export-hub-mnzbvq09">Read full article</a></p></div> Tue, 14 Apr 2026 20:30:19 GMT business Unknown https://www.plus234feed.com/article/boosted-by-oil-gas-business-insurance-sector-posts-n2302tn-gross-premium-mnzbvy1u https://www.plus234feed.com/article/boosted-by-oil-gas-business-insurance-sector-posts-n2302tn-gross-premium-mnzbvy1u The Nigerian insurance sector reported a gross premium income of N2.302 trillion for the fourth quarter of 2025, driven significantly by the oil and gas business. Non-life insurance contributed 68.4% to the total premium pool, reflecting strong market performance. <div><p>The Nigerian insurance sector reported a gross premium income of N2.302 trillion for the fourth quarter of 2025, driven significantly by the oil and gas business. Non-life insurance contributed 68.4% to the total premium pool, reflecting strong market performance.</p><p><a href="https://www.plus234feed.com/article/boosted-by-oil-gas-business-insurance-sector-posts-n2302tn-gross-premium-mnzbvy1u">Read full article</a></p></div> Tue, 14 Apr 2026 20:30:18 GMT business Unknown https://www.plus234feed.com/article/2025fy-ecobank-group-reports-21-increase-in-pbt-to-801m-mnzbw4qa https://www.plus234feed.com/article/2025fy-ecobank-group-reports-21-increase-in-pbt-to-801m-mnzbw4qa Ecobank Group reported a 21% increase in profit before tax to $801 million for the year ending December 31, 2025. The growth was driven by strong performance in corporate and consumer banking, with net revenue rising to $2.45 billion. <div><p>Ecobank Group reported a 21% increase in profit before tax to $801 million for the year ending December 31, 2025. The growth was driven by strong performance in corporate and consumer banking, with net revenue rising to $2.45 billion.</p><p><a href="https://www.plus234feed.com/article/2025fy-ecobank-group-reports-21-increase-in-pbt-to-801m-mnzbw4qa">Read full article</a></p></div> Tue, 14 Apr 2026 20:30:06 GMT business Unknown https://www.plus234feed.com/article/tinubu-no-serious-nation-can-prosper-with-weak-fragmented-revenue-system-mnz311pe https://www.plus234feed.com/article/tinubu-no-serious-nation-can-prosper-with-weak-fragmented-revenue-system-mnz311pe President Bola Tinubu emphasized the need for a robust revenue system for national prosperity during the inauguration of the Nigerian Revenue Service headquarters in Abuja. He pledged to reform outdated tax laws by January 2026 to enhance economic growth and public trust. <div><p>President Bola Tinubu emphasized the need for a robust revenue system for national prosperity during the inauguration of the Nigerian Revenue Service headquarters in Abuja. He pledged to reform outdated tax laws by January 2026 to enhance economic growth and public trust.</p><p><a href="https://www.plus234feed.com/article/tinubu-no-serious-nation-can-prosper-with-weak-fragmented-revenue-system-mnz311pe">Read full article</a></p></div> Tue, 14 Apr 2026 20:23:42 GMT business Unknown https://www.plus234feed.com/article/mutual-benefit-designs-savings-investment-solution-for-financial-discipline-mnz9avzr https://www.plus234feed.com/article/mutual-benefit-designs-savings-investment-solution-for-financial-discipline-mnz9avzr Mutual Benefit Assurance PLC has launched a savings and investment solution aimed at promoting financial discipline among individuals and families in Nigeria, addressing a decline in the savings culture as highlighted in the PiggyVest Save Report 2025. <div><p>Mutual Benefit Assurance PLC has launched a savings and investment solution aimed at promoting financial discipline among individuals and families in Nigeria, addressing a decline in the savings culture as highlighted in the PiggyVest Save Report 2025.</p><p><a href="https://www.plus234feed.com/article/mutual-benefit-designs-savings-investment-solution-for-financial-discipline-mnz9avzr">Read full article</a></p></div> Tue, 14 Apr 2026 20:19:45 GMT business Unknown https://www.plus234feed.com/article/asis-2026-to-mobilise-capital-for-africas-development-mnz9b1zw https://www.plus234feed.com/article/asis-2026-to-mobilise-capital-for-africas-development-mnz9b1zw The Africa Social Impact Summit 2026 will convene global leaders, investors, and policymakers to mobilize capital for sustainable development in Africa. The summit aims to address development challenges and promote innovative partnerships to unlock transformative solutions. <div><p>The Africa Social Impact Summit 2026 will convene global leaders, investors, and policymakers to mobilize capital for sustainable development in Africa. The summit aims to address development challenges and promote innovative partnerships to unlock transformative solutions.</p><p><a href="https://www.plus234feed.com/article/asis-2026-to-mobilise-capital-for-africas-development-mnz9b1zw">Read full article</a></p></div> Tue, 14 Apr 2026 20:19:43 GMT business Unknown https://www.plus234feed.com/article/universal-insurance-vows-to-place-youths-at-heart-of-insurance-mnz9bbb8 https://www.plus234feed.com/article/universal-insurance-vows-to-place-youths-at-heart-of-insurance-mnz9bbb8 Universal Insurance Plc aims to prioritize youth in its operations, with a strategy to have 40% of its workforce comprised of young talent by 2026. Dr. Japhet Duru emphasizes this demographic shift as key to the company's modern identity and success. <div><p>Universal Insurance Plc aims to prioritize youth in its operations, with a strategy to have 40% of its workforce comprised of young talent by 2026. Dr. Japhet Duru emphasizes this demographic shift as key to the company's modern identity and success.</p><p><a href="https://www.plus234feed.com/article/universal-insurance-vows-to-place-youths-at-heart-of-insurance-mnz9bbb8">Read full article</a></p></div> Tue, 14 Apr 2026 20:19:41 GMT business Unknown https://www.plus234feed.com/article/lagos-targets-economic-growth-with-new-industrial-plan-mnz32il8 https://www.plus234feed.com/article/lagos-targets-economic-growth-with-new-industrial-plan-mnz32il8 Lagos State has unveiled a new industrial policy aimed at accelerating economic growth and positioning the state as a major driver of Nigeria's ambition to reach a $1 trillion economy by 2026. <div><p>Lagos State has unveiled a new industrial policy aimed at accelerating economic growth and positioning the state as a major driver of Nigeria's ambition to reach a $1 trillion economy by 2026.</p><p><a href="https://www.plus234feed.com/article/lagos-targets-economic-growth-with-new-industrial-plan-mnz32il8">Read full article</a></p></div> Tue, 14 Apr 2026 20:02:00 GMT business Unknown https://www.plus234feed.com/article/shettima-defends-n68tn-budget-rejects-calls-for-leaner-fiscal-planning-mnz1b1o1 https://www.plus234feed.com/article/shettima-defends-n68tn-budget-rejects-calls-for-leaner-fiscal-planning-mnz1b1o1 Vice President Kashim Shettima defended Nigeria's N68 trillion budget, rejecting calls for a leaner fiscal plan. He emphasized the need for ambitious reforms to stimulate economic growth and improve living standards, while addressing concerns about weak fiscal coordination and abandoned projects. <div><p>Vice President Kashim Shettima defended Nigeria's N68 trillion budget, rejecting calls for a leaner fiscal plan. He emphasized the need for ambitious reforms to stimulate economic growth and improve living standards, while addressing concerns about weak fiscal coordination and abandoned projects.</p><p><a href="https://www.plus234feed.com/article/shettima-defends-n68tn-budget-rejects-calls-for-leaner-fiscal-planning-mnz1b1o1">Read full article</a></p></div> Tue, 14 Apr 2026 19:45:00 GMT business Unknown https://www.plus234feed.com/article/yhemolee-yl-kollective-and-the-high-stakes-of-nigerian-streetwear-mnyyx5xn https://www.plus234feed.com/article/yhemolee-yl-kollective-and-the-high-stakes-of-nigerian-streetwear-mnyyx5xn Yhemolee, a prominent figure in Lagos nightlife, is launching a fashion brand called YL Kollective. The brand aims to establish itself in the competitive streetwear market while navigating social media scrutiny and economic challenges, including the use of foreign currency in local transactions. <div><p>Yhemolee, a prominent figure in Lagos nightlife, is launching a fashion brand called YL Kollective. The brand aims to establish itself in the competitive streetwear market while navigating social media scrutiny and economic challenges, including the use of foreign currency in local transactions.</p><p><a href="https://www.plus234feed.com/article/yhemolee-yl-kollective-and-the-high-stakes-of-nigerian-streetwear-mnyyx5xn">Read full article</a></p></div> Tue, 14 Apr 2026 18:27:20 GMT business Somto Nwanolue https://www.plus234feed.com/article/a-skeptics-guide-to-nigerias-new-tax-laws-mnyyxiiq https://www.plus234feed.com/article/a-skeptics-guide-to-nigerias-new-tax-laws-mnyyxiiq Nigeria's new tax laws, effective January 1, 2026, aim to overhaul the tax system, including a tax-free income threshold of 800,000 Naira annually. However, concerns arise over the impact on small businesses and the lack of infrastructure improvements. <div><p>Nigeria's new tax laws, effective January 1, 2026, aim to overhaul the tax system, including a tax-free income threshold of 800,000 Naira annually. However, concerns arise over the impact on small businesses and the lack of infrastructure improvements.</p><p><a href="https://www.plus234feed.com/article/a-skeptics-guide-to-nigerias-new-tax-laws-mnyyxiiq">Read full article</a></p></div> Tue, 14 Apr 2026 18:27:17 GMT business Somto Nwanolue https://www.plus234feed.com/article/uk-may-force-google-to-link-rival-search-engines-mnyyzz3j https://www.plus234feed.com/article/uk-may-force-google-to-link-rival-search-engines-mnyyzz3j The UK Competition and Markets Authority (CMA) is proposing reforms to compel Google to display rival search engines to British users, aiming to enhance competition and reduce costs for businesses that spend significantly on Google ads. <div><p>The UK Competition and Markets Authority (CMA) is proposing reforms to compel Google to display rival search engines to British users, aiming to enhance competition and reduce costs for businesses that spend significantly on Google ads.</p><p><a href="https://www.plus234feed.com/article/uk-may-force-google-to-link-rival-search-engines-mnyyzz3j">Read full article</a></p></div> Tue, 14 Apr 2026 18:26:39 GMT business Somto Nwanolue https://www.plus234feed.com/article/how-kolawole-temilade-overcame-financial-pressure-and-robbery-to-sustain-her-business-in-ibadan-mnyz3ajc https://www.plus234feed.com/article/how-kolawole-temilade-overcame-financial-pressure-and-robbery-to-sustain-her-business-in-ibadan-mnyz3ajc Kolawole Temilade, an entrepreneur in Ibadan, overcame significant financial pressures and a robbery to sustain her fashion retail business. She emphasizes the importance of passion and resilience in entrepreneurship while encouraging aspiring business owners to believe in themselves. <div><p>Kolawole Temilade, an entrepreneur in Ibadan, overcame significant financial pressures and a robbery to sustain her fashion retail business. She emphasizes the importance of passion and resilience in entrepreneurship while encouraging aspiring business owners to believe in themselves.</p><p><a href="https://www.plus234feed.com/article/how-kolawole-temilade-overcame-financial-pressure-and-robbery-to-sustain-her-business-in-ibadan-mnyz3ajc">Read full article</a></p></div> Tue, 14 Apr 2026 18:26:16 GMT business Ayobami Owolabi https://www.plus234feed.com/article/march-2026-black-market-fx-continues-to-pressure-the-naira-mnyz6l5n https://www.plus234feed.com/article/march-2026-black-market-fx-continues-to-pressure-the-naira-mnyz6l5n The Nigerian naira continues to face pressure in the black market, trading at 1,405 naira to the dollar and 1,620 naira to the euro. The currency's instability is attributed to forex supply scarcity, high import demand, and inconsistent policies from the Central Bank of Nigeria. <div><p>The Nigerian naira continues to face pressure in the black market, trading at 1,405 naira to the dollar and 1,620 naira to the euro. The currency's instability is attributed to forex supply scarcity, high import demand, and inconsistent policies from the Central Bank of Nigeria.</p><p><a href="https://www.plus234feed.com/article/march-2026-black-market-fx-continues-to-pressure-the-naira-mnyz6l5n">Read full article</a></p></div> Tue, 14 Apr 2026 18:25:56 GMT business Eriki Joan Ugunushe https://www.plus234feed.com/article/march-2026-black-market-fx-continues-to-pressure-the-naira-mnyz8omb https://www.plus234feed.com/article/march-2026-black-market-fx-continues-to-pressure-the-naira-mnyz8omb The Nigerian naira continues to face pressure in the black market, trading at 1,405 naira to the dollar and 1,620 naira to the euro. Structural issues and policy inconsistencies contribute to the currency's instability, affecting inflation and investor confidence. <div><p>The Nigerian naira continues to face pressure in the black market, trading at 1,405 naira to the dollar and 1,620 naira to the euro. Structural issues and policy inconsistencies contribute to the currency's instability, affecting inflation and investor confidence.</p><p><a href="https://www.plus234feed.com/article/march-2026-black-market-fx-continues-to-pressure-the-naira-mnyz8omb">Read full article</a></p></div> Tue, 14 Apr 2026 18:25:39 GMT business Eriki Joan Ugunushe https://www.plus234feed.com/article/fg-secures-1bn-steel-deal-in-india-fdi-hits-22bn-under-tinubu-mnywtvfb https://www.plus234feed.com/article/fg-secures-1bn-steel-deal-in-india-fdi-hits-22bn-under-tinubu-mnywtvfb The Nigerian government secured a $1 billion steel investment deal with India's Rashmi Metalik Group, part of a broader strategy to enhance the steel sector. This agreement, signed on April 14, 2026, aims to boost foreign direct investment in Nigeria's industrial base. <div><p>The Nigerian government secured a $1 billion steel investment deal with India's Rashmi Metalik Group, part of a broader strategy to enhance the steel sector. This agreement, signed on April 14, 2026, aims to boost foreign direct investment in Nigeria's industrial base.</p><p><a href="https://www.plus234feed.com/article/fg-secures-1bn-steel-deal-in-india-fdi-hits-22bn-under-tinubu-mnywtvfb">Read full article</a></p></div> Tue, 14 Apr 2026 17:58:00 GMT business Unknown https://www.plus234feed.com/article/imf-downgrades-nigerias-2026-growth-forecast-to-41-mnywvdip https://www.plus234feed.com/article/imf-downgrades-nigerias-2026-growth-forecast-to-41-mnywvdip The IMF has downgraded Nigeria's 2026 growth forecast to 4.1%, citing economic disruptions linked to ongoing Middle East conflicts affecting global energy markets. This is a decrease from the previous projection of 4.4% made in January 2026. <div><p>The IMF has downgraded Nigeria's 2026 growth forecast to 4.1%, citing economic disruptions linked to ongoing Middle East conflicts affecting global energy markets. This is a decrease from the previous projection of 4.4% made in January 2026.</p><p><a href="https://www.plus234feed.com/article/imf-downgrades-nigerias-2026-growth-forecast-to-41-mnywvdip">Read full article</a></p></div> Tue, 14 Apr 2026 17:40:00 GMT business Unknown https://www.plus234feed.com/article/inflation-would-have-hit-120-without-reforms-nrs-chairman-mnyww354 https://www.plus234feed.com/article/inflation-would-have-hit-120-without-reforms-nrs-chairman-mnyww354 Zacch Adedeji, the Executive Chairman of the Nigeria Revenue Service, stated that inflation in Nigeria could have reached 120% without recent economic reforms. He highlighted the importance of these reforms in stabilizing prices and restoring macroeconomic balance. <div><p>Zacch Adedeji, the Executive Chairman of the Nigeria Revenue Service, stated that inflation in Nigeria could have reached 120% without recent economic reforms. He highlighted the importance of these reforms in stabilizing prices and restoring macroeconomic balance.</p><p><a href="https://www.plus234feed.com/article/inflation-would-have-hit-120-without-reforms-nrs-chairman-mnyww354">Read full article</a></p></div> Tue, 14 Apr 2026 17:28:00 GMT business Unknown https://www.plus234feed.com/article/tinubu-led-govt-defends-price-of-petrol-mnyus2pq https://www.plus234feed.com/article/tinubu-led-govt-defends-price-of-petrol-mnyus2pq The Tinubu-led government defends the current petrol price in Nigeria, attributing it to economic reforms. Despite public complaints, the price remains lower than the global average. The government expresses confidence in stabilizing fuel supply through reforms and the operation of Dangote refinery. <div><p>The Tinubu-led government defends the current petrol price in Nigeria, attributing it to economic reforms. Despite public complaints, the price remains lower than the global average. The government expresses confidence in stabilizing fuel supply through reforms and the operation of Dangote refinery.</p><p><a href="https://www.plus234feed.com/article/tinubu-led-govt-defends-price-of-petrol-mnyus2pq">Read full article</a></p></div> Tue, 14 Apr 2026 16:25:55 GMT business Enioluwa Adeniyi https://www.plus234feed.com/article/just-in-petrol-imports-jumped-by-97-in-march-despite-local-supply-nmdpra-mnyok16f https://www.plus234feed.com/article/just-in-petrol-imports-jumped-by-97-in-march-despite-local-supply-nmdpra-mnyok16f Petrol imports in Nigeria surged by 97% in March 2026, reaching 3.0 million liters per day, despite improvements in local supply. This increase reflects a reliance on foreign sources amid a shift in domestic dynamics, with local refining capacity also growing. <div><p>Petrol imports in Nigeria surged by 97% in March 2026, reaching 3.0 million liters per day, despite improvements in local supply. This increase reflects a reliance on foreign sources amid a shift in domestic dynamics, with local refining capacity also growing.</p><p><a href="https://www.plus234feed.com/article/just-in-petrol-imports-jumped-by-97-in-march-despite-local-supply-nmdpra-mnyok16f">Read full article</a></p></div> Tue, 14 Apr 2026 14:05:00 GMT business Unknown https://www.plus234feed.com/article/minister-tours-flour-mills-lauds-investments-in-sugar-production-mnyz8c3z https://www.plus234feed.com/article/minister-tours-flour-mills-lauds-investments-in-sugar-production-mnyz8c3z The Minister of State for Industry, Trade and Investment, John Enoh, praised Flour Mills Nigeria's investments in sugar production during a tour of the Sunti Golden Sugar Estate in Niger State, emphasizing the importance of local production and job creation. <div><p>The Minister of State for Industry, Trade and Investment, John Enoh, praised Flour Mills Nigeria's investments in sugar production during a tour of the Sunti Golden Sugar Estate in Niger State, emphasizing the importance of local production and job creation.</p><p><a href="https://www.plus234feed.com/article/minister-tours-flour-mills-lauds-investments-in-sugar-production-mnyz8c3z">Read full article</a></p></div> Tue, 14 Apr 2026 12:56:00 GMT business Unknown https://www.plus234feed.com/article/iraq-says-has-understandings-to-bypass-hormuz-blockade-mnyjvrkv https://www.plus234feed.com/article/iraq-says-has-understandings-to-bypass-hormuz-blockade-mnyjvrkv Iraq has reached understandings with the United States and Iran to bypass the blockade of the Strait of Hormuz, facilitating oil exports. Iraq's oil ministry spokesperson Saheb Bazoun confirmed the arrangements, which aim to stabilize Iraq's oil exports amidst ongoing regional tensions. <div><p>Iraq has reached understandings with the United States and Iran to bypass the blockade of the Strait of Hormuz, facilitating oil exports. Iraq's oil ministry spokesperson Saheb Bazoun confirmed the arrangements, which aim to stabilize Iraq's oil exports amidst ongoing regional tensions.</p><p><a href="https://www.plus234feed.com/article/iraq-says-has-understandings-to-bypass-hormuz-blockade-mnyjvrkv">Read full article</a></p></div> Tue, 14 Apr 2026 11:47:00 GMT business Unknown https://www.plus234feed.com/article/70-of-lagos-new-businesses-founded-by-youths-sanwo-olu-mnyfy1wd https://www.plus234feed.com/article/70-of-lagos-new-businesses-founded-by-youths-sanwo-olu-mnyfy1wd Lagos State Governor Babajide Sanwo-Olu announced that 70% of new businesses in Lagos are founded by youths, contributing approximately 4.5 trillion Naira to the annual GDP. He emphasized the importance of investing in youth leadership and collaboration between federal and state governments. <div><p>Lagos State Governor Babajide Sanwo-Olu announced that 70% of new businesses in Lagos are founded by youths, contributing approximately 4.5 trillion Naira to the annual GDP. He emphasized the importance of investing in youth leadership and collaboration between federal and state governments.</p><p><a href="https://www.plus234feed.com/article/70-of-lagos-new-businesses-founded-by-youths-sanwo-olu-mnyfy1wd">Read full article</a></p></div> Tue, 14 Apr 2026 10:04:00 GMT business Unknown https://www.plus234feed.com/article/nigeria-morocco-gas-pipeline-to-deliver-first-product-by-2031-mnybqcni https://www.plus234feed.com/article/nigeria-morocco-gas-pipeline-to-deliver-first-product-by-2031-mnybqcni The Nigeria-Morocco Gas Pipeline is set to deliver its first gas by 2031, with an intergovernmental agreement expected to be signed by the end of 2026. The pipeline will span 6,900 kilometers and has a maximum capacity of 30 billion cubic meters annually. <div><p>The Nigeria-Morocco Gas Pipeline is set to deliver its first gas by 2031, with an intergovernmental agreement expected to be signed by the end of 2026. The pipeline will span 6,900 kilometers and has a maximum capacity of 30 billion cubic meters annually.</p><p><a href="https://www.plus234feed.com/article/nigeria-morocco-gas-pipeline-to-deliver-first-product-by-2031-mnybqcni">Read full article</a></p></div> Tue, 14 Apr 2026 07:34:06 GMT business Richard Ogunsile https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-10th-2026-mny9otc8 https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-10th-2026-mny9otc8 The article discusses the dollar to naira exchange rates as of April 10th, 2026, highlighting the black market rate on April 9th, where the dollar was sold for 1410 naira and bought for 1390 naira. <div><p>The article discusses the dollar to naira exchange rates as of April 10th, 2026, highlighting the black market rate on April 9th, where the dollar was sold for 1410 naira and bought for 1390 naira.</p><p><a href="https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-10th-2026-mny9otc8">Read full article</a></p></div> Tue, 14 Apr 2026 06:38:40 GMT business George Oshogwe Ogbolu https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-11th-2026-mny9oync https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-11th-2026-mny9oync The article discusses the dollar to naira exchange rate as of April 11, 2026, highlighting the black market exchange rates from April 10, 2026, where the dollar was sold at 1409 naira and bought at 1393 naira. <div><p>The article discusses the dollar to naira exchange rate as of April 11, 2026, highlighting the black market exchange rates from April 10, 2026, where the dollar was sold at 1409 naira and bought at 1393 naira.</p><p><a href="https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-11th-2026-mny9oync">Read full article</a></p></div> Tue, 14 Apr 2026 06:38:38 GMT business George Oshogwe Ogbolu https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-12th-2026-mny9p3jw https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-12th-2026-mny9p3jw The dollar to naira exchange rate on April 12, 2026, indicates a black market rate of 1,409 naira for one dollar, while the swap rate is 1,393 naira. The article notes that the parallel market is not recognized by the official banking system. <div><p>The dollar to naira exchange rate on April 12, 2026, indicates a black market rate of 1,409 naira for one dollar, while the swap rate is 1,393 naira. The article notes that the parallel market is not recognized by the official banking system.</p><p><a href="https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-12th-2026-mny9p3jw">Read full article</a></p></div> Tue, 14 Apr 2026 06:38:38 GMT business George Oshogwe Ogbolu https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-13th-2026-mny9p8qt https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-13th-2026-mny9p8qt The dollar to naira exchange rate on April 13, 2026, indicates a black market rate of 1410 naira per dollar, with a swap rate of 1393 naira. The article advises against recognizing the parallel market for direct transactions. <div><p>The dollar to naira exchange rate on April 13, 2026, indicates a black market rate of 1410 naira per dollar, with a swap rate of 1393 naira. The article advises against recognizing the parallel market for direct transactions.</p><p><a href="https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-13th-2026-mny9p8qt">Read full article</a></p></div> Tue, 14 Apr 2026 06:38:36 GMT business George Oshogwe Ogbolu https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-14th-2026-mny9pdv0 https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-14th-2026-mny9pdv0 The dollar to naira exchange rate on April 14, 2026, indicates a black market rate of 1410 naira for one dollar, while the swap rate is noted at 1393 naira. The article emphasizes that the parallel market is not recognized by official banking channels. <div><p>The dollar to naira exchange rate on April 14, 2026, indicates a black market rate of 1410 naira for one dollar, while the swap rate is noted at 1393 naira. The article emphasizes that the parallel market is not recognized by official banking channels.</p><p><a href="https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-april-14th-2026-mny9pdv0">Read full article</a></p></div> Tue, 14 Apr 2026 06:38:34 GMT business George Oshogwe Ogbolu https://www.plus234feed.com/article/dangote-refinery-marketers-experts-reject-world-banks-fuel-import-recommendation-mny9pk63 https://www.plus234feed.com/article/dangote-refinery-marketers-experts-reject-world-banks-fuel-import-recommendation-mny9pk63 Experts and marketers in Nigeria have rejected the World Bank's recommendation to increase fuel imports, arguing it undermines local refining capacity and economic growth. They emphasize the need to prioritize domestic production and strengthen local refineries. <div><p>Experts and marketers in Nigeria have rejected the World Bank's recommendation to increase fuel imports, arguing it undermines local refining capacity and economic growth. They emphasize the need to prioritize domestic production and strengthen local refineries.</p><p><a href="https://www.plus234feed.com/article/dangote-refinery-marketers-experts-reject-world-banks-fuel-import-recommendation-mny9pk63">Read full article</a></p></div> Tue, 14 Apr 2026 06:38:33 GMT business Richard Ogunsile https://www.plus234feed.com/article/2-startups-win-2000-at-maiden-climate-innovation-hackathon-in-kano-mnylw8jw https://www.plus234feed.com/article/2-startups-win-2000-at-maiden-climate-innovation-hackathon-in-kano-mnylw8jw Two startups, Beta Agric Venture Ltd and Herecospac, won £2,000 at the maiden climate innovation hackathon in Kano, with Beta Agric receiving £1,000 for its fresh tomato value chain solution. The event aimed to support climate-focused enterprises. <div><p>Two startups, Beta Agric Venture Ltd and Herecospac, won £2,000 at the maiden climate innovation hackathon in Kano, with Beta Agric receiving £1,000 for its fresh tomato value chain solution. The event aimed to support climate-focused enterprises.</p><p><a href="https://www.plus234feed.com/article/2-startups-win-2000-at-maiden-climate-innovation-hackathon-in-kano-mnylw8jw">Read full article</a></p></div> Tue, 14 Apr 2026 06:13:52 GMT business Sani Ibrahim Paki https://www.plus234feed.com/article/nigeria-becomes-net-petrol-exporter-with-dangote-refinery-mny9py7k https://www.plus234feed.com/article/nigeria-becomes-net-petrol-exporter-with-dangote-refinery-mny9py7k Nigeria has achieved a historic milestone by becoming a net exporter of gasoline, thanks to the Dangote Refinery, which increased output to 565,000 barrels per day. This shift marks Nigeria's first net export position in gasoline, with exports reaching 44,000 barrels per day in March. <div><p>Nigeria has achieved a historic milestone by becoming a net exporter of gasoline, thanks to the Dangote Refinery, which increased output to 565,000 barrels per day. This shift marks Nigeria's first net export position in gasoline, with exports reaching 44,000 barrels per day in March.</p><p><a href="https://www.plus234feed.com/article/nigeria-becomes-net-petrol-exporter-with-dangote-refinery-mny9py7k">Read full article</a></p></div> Tue, 14 Apr 2026 02:53:41 GMT business Mohammed Musbau https://www.plus234feed.com/article/africas-global-investment-share-lingers-at-46-mny24et7 https://www.plus234feed.com/article/africas-global-investment-share-lingers-at-46-mny24et7 Africa's share of global foreign direct investment remains stagnant at 4-6%, despite a 14% increase in global FDI. The Pan African Manufacturers Association warns of a volatile investment climate and calls for urgent policy shifts to attract higher-value manufacturing investments. <div><p>Africa's share of global foreign direct investment remains stagnant at 4-6%, despite a 14% increase in global FDI. The Pan African Manufacturers Association warns of a volatile investment climate and calls for urgent policy shifts to attract higher-value manufacturing investments.</p><p><a href="https://www.plus234feed.com/article/africas-global-investment-share-lingers-at-46-mny24et7">Read full article</a></p></div> Tue, 14 Apr 2026 01:51:00 GMT business Unknown https://www.plus234feed.com/article/fg-seeks-cheaper-funding-amid-global-economic-tensions-mnxyvhxf https://www.plus234feed.com/article/fg-seeks-cheaper-funding-amid-global-economic-tensions-mnxyvhxf The Federal Government of Nigeria is seeking cheaper funding and stronger global financial support amid ongoing economic pressures due to geopolitical tensions. This was disclosed by Dr. Ogho Okiti ahead of the 2026 IMF World Bank Spring Meeting in Washington DC. <div><p>The Federal Government of Nigeria is seeking cheaper funding and stronger global financial support amid ongoing economic pressures due to geopolitical tensions. This was disclosed by Dr. Ogho Okiti ahead of the 2026 IMF World Bank Spring Meeting in Washington DC.</p><p><a href="https://www.plus234feed.com/article/fg-seeks-cheaper-funding-amid-global-economic-tensions-mnxyvhxf">Read full article</a></p></div> Tue, 14 Apr 2026 01:39:00 GMT business Unknown https://www.plus234feed.com/article/nigeria-crude-output-misses-opec-quota-eighth-straight-month-mnxyvom0 https://www.plus234feed.com/article/nigeria-crude-output-misses-opec-quota-eighth-straight-month-mnxyvom0 Nigeria's crude oil output has fallen below the OPEC quota for the eighth consecutive month, with March production at 1.38 mbpd, 69,000 bpd above February's figures. The country struggles to meet OPEC targets, impacting domestic refinery operations. <div><p>Nigeria's crude oil output has fallen below the OPEC quota for the eighth consecutive month, with March production at 1.38 mbpd, 69,000 bpd above February's figures. The country struggles to meet OPEC targets, impacting domestic refinery operations.</p><p><a href="https://www.plus234feed.com/article/nigeria-crude-output-misses-opec-quota-eighth-straight-month-mnxyvom0">Read full article</a></p></div> Tue, 14 Apr 2026 01:15:00 GMT business Unknown https://www.plus234feed.com/article/nigeria-morocco-advance-25bn-transcontinental-gas-pipeline-deal-mnxwftbu https://www.plus234feed.com/article/nigeria-morocco-advance-25bn-transcontinental-gas-pipeline-deal-mnxwftbu Nigeria and Morocco are set to sign an intergovernmental agreement for a $25 billion transcontinental gas pipeline project, which aims to transport natural gas from Nigeria to Europe, covering approximately 6,900 kilometers. <div><p>Nigeria and Morocco are set to sign an intergovernmental agreement for a $25 billion transcontinental gas pipeline project, which aims to transport natural gas from Nigeria to Europe, covering approximately 6,900 kilometers.</p><p><a href="https://www.plus234feed.com/article/nigeria-morocco-advance-25bn-transcontinental-gas-pipeline-deal-mnxwftbu">Read full article</a></p></div> Tue, 14 Apr 2026 01:05:00 GMT business Unknown https://www.plus234feed.com/article/fintech-vital-as-inflation-reshapes-consumer-spending-routelink-ceo-mnxwgowb https://www.plus234feed.com/article/fintech-vital-as-inflation-reshapes-consumer-spending-routelink-ceo-mnxwgowb Femi Adeoti, CEO of Routelink Group, emphasizes the critical role of fintech in Nigeria's economy as inflation reshapes consumer spending. He highlights the shift towards short-term financial strategies and the importance of digital payment platforms in managing household finances. <div><p>Femi Adeoti, CEO of Routelink Group, emphasizes the critical role of fintech in Nigeria's economy as inflation reshapes consumer spending. He highlights the shift towards short-term financial strategies and the importance of digital payment platforms in managing household finances.</p><p><a href="https://www.plus234feed.com/article/fintech-vital-as-inflation-reshapes-consumer-spending-routelink-ceo-mnxwgowb">Read full article</a></p></div> Tue, 14 Apr 2026 00:49:00 GMT business Unknown https://www.plus234feed.com/article/gbajabiamila-lauds-wike-for-making-private-businesses-thrive-in-fct-mnz1dml4 https://www.plus234feed.com/article/gbajabiamila-lauds-wike-for-making-private-businesses-thrive-in-fct-mnz1dml4 Femi Gbajabiamila praised Nyesom Wike for fostering a conducive environment for private businesses in the Federal Capital Territory (FCT). This was highlighted during the signing of a franchise agreement between Hyperc and Carrefour, aimed at enhancing Nigeria's retail landscape. <div><p>Femi Gbajabiamila praised Nyesom Wike for fostering a conducive environment for private businesses in the Federal Capital Territory (FCT). This was highlighted during the signing of a franchise agreement between Hyperc and Carrefour, aimed at enhancing Nigeria's retail landscape.</p><p><a href="https://www.plus234feed.com/article/gbajabiamila-lauds-wike-for-making-private-businesses-thrive-in-fct-mnz1dml4">Read full article</a></p></div> Tue, 14 Apr 2026 00:00:00 GMT business The Authority https://www.plus234feed.com/article/crypto-casino-reviews-how-to-find-the-best-for-your-gambling-style-mny1zgg3 https://www.plus234feed.com/article/crypto-casino-reviews-how-to-find-the-best-for-your-gambling-style-mny1zgg3 The article discusses how to choose the best crypto casino based on individual gambling styles, emphasizing factors like security, payment flexibility, bonus terms, and game quality. It highlights the importance of understanding specific requirements before selecting a platform. <div><p>The article discusses how to choose the best crypto casino based on individual gambling styles, emphasizing factors like security, payment flexibility, bonus terms, and game quality. It highlights the importance of understanding specific requirements before selecting a platform.</p><p><a href="https://www.plus234feed.com/article/crypto-casino-reviews-how-to-find-the-best-for-your-gambling-style-mny1zgg3">Read full article</a></p></div> Tue, 14 Apr 2026 00:00:00 GMT business Blueprint