https://www.plus234feed.com/category/business Latest Business news from Nigeria — Plus234Feed en Sat, 29 Aug 2026 04:42:11 GMT Plus234Feed API v2.0 https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-august-29th-2026-mtdv8hov https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-august-29th-2026-mtdv8hov The Dollar to Naira exchange rate at the Lagos Parallel Market on August 28, 2026, was ₦1407 for selling and ₦1395 for buying. The Central Bank of Nigeria does not recognize this market and advises individuals to use banks for Forex transactions. <div><p>The Dollar to Naira exchange rate at the Lagos Parallel Market on August 28, 2026, was ₦1407 for selling and ₦1395 for buying. The Central Bank of Nigeria does not recognize this market and advises individuals to use banks for Forex transactions.</p><p><a href="https://www.plus234feed.com/article/dollar-to-naira-exchange-rate-today-august-29th-2026-mtdv8hov">Read full article</a></p></div> Sat, 29 Aug 2026 03:46:51 GMT business George Oshogwe Ogbolu https://www.plus234feed.com/article/my-boss-mocked-my-accent-then-the-new-client-asked-to-speak-only-to-me-mtdqzyqy https://www.plus234feed.com/article/my-boss-mocked-my-accent-then-the-new-client-asked-to-speak-only-to-me-mtdqzyqy Rebekah, an employee in a Chicago office, faces mockery from her boss, Mark, regarding her accent. Despite her qualifications, she feels undervalued compared to her peers. A significant client pitch is upcoming, but her name appears lower on the attendee list. <div><p>Rebekah, an employee in a Chicago office, faces mockery from her boss, Mark, regarding her accent. Despite her qualifications, she feels undervalued compared to her peers. A significant client pitch is upcoming, but her name appears lower on the attendee list.</p><p><a href="https://www.plus234feed.com/article/my-boss-mocked-my-accent-then-the-new-client-asked-to-speak-only-to-me-mtdqzyqy">Read full article</a></p></div> Sat, 29 Aug 2026 01:51:24 GMT business Kola Muhammed https://www.plus234feed.com/article/crude-prices-fall-despite-hormuz-tanker-disruptions-mtdn0y4z https://www.plus234feed.com/article/crude-prices-fall-despite-hormuz-tanker-disruptions-mtdn0y4z Crude oil prices are declining despite reduced tanker traffic through the Strait of Hormuz due to tensions between Iran and the United States. Brent crude fell to $89.17 per barrel, while West Texas Intermediate dropped to $83.19 per barrel. <div><p>Crude oil prices are declining despite reduced tanker traffic through the Strait of Hormuz due to tensions between Iran and the United States. Brent crude fell to $89.17 per barrel, while West Texas Intermediate dropped to $83.19 per barrel.</p><p><a href="https://www.plus234feed.com/article/crude-prices-fall-despite-hormuz-tanker-disruptions-mtdn0y4z">Read full article</a></p></div> Sat, 29 Aug 2026 00:02:00 GMT business Unknown https://www.plus234feed.com/article/manufacturers-pay-n745bn-tax-as-reforms-offer-relief-mtdn1b7a https://www.plus234feed.com/article/manufacturers-pay-n745bn-tax-as-reforms-offer-relief-mtdn1b7a Manufacturers in Nigeria paid N74.48bn in Company Income Tax in Q1 2026, accounting for 13.82% of total local tax collected. This represents a 30.98% decrease from Q1 2025, reflecting changes from new tax reforms aimed at easing compliance for businesses. <div><p>Manufacturers in Nigeria paid N74.48bn in Company Income Tax in Q1 2026, accounting for 13.82% of total local tax collected. This represents a 30.98% decrease from Q1 2025, reflecting changes from new tax reforms aimed at easing compliance for businesses.</p><p><a href="https://www.plus234feed.com/article/manufacturers-pay-n745bn-tax-as-reforms-offer-relief-mtdn1b7a">Read full article</a></p></div> Sat, 29 Aug 2026 00:01:00 GMT business Unknown https://www.plus234feed.com/article/cutix-plc-shareholders-pass-7-resolutions-at-43rd-agm-in-nnewi-2538e8 https://www.plus234feed.com/article/cutix-plc-shareholders-pass-7-resolutions-at-43rd-agm-in-nnewi-2538e8 CUTIX PLC held its 43rd Annual General Meeting on August 28, 2026, at Anaedo Social Club Hall in Nnewi, Anambra State. The filing discloses seven resolutions passed at the meeting, covering financial statements, board elections, auditor remuneration, and related-party transaction mandates. <div><p>CUTIX PLC held its 43rd Annual General Meeting on August 28, 2026, at Anaedo Social Club Hall in Nnewi, Anambra State. The filing discloses seven resolutions passed at the meeting, covering financial statements, board elections, auditor remuneration, and related-party transaction mandates.</p><p><a href="https://www.plus234feed.com/article/cutix-plc-shareholders-pass-7-resolutions-at-43rd-agm-in-nnewi-2538e8">Read full article</a></p></div> Fri, 28 Aug 2026 21:10:49 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/nnpcl-has-kept-us-in-the-dark-on-refinery-rehabilitation-revival-says-ugochinyere-mtdfrz7p https://www.plus234feed.com/article/nnpcl-has-kept-us-in-the-dark-on-refinery-rehabilitation-revival-says-ugochinyere-mtdfrz7p Hon. Ikenga Ugochinyere, Chairman of the House of Representatives Committee on Downstream Petroleum, criticized NNPCL for not providing information on refinery rehabilitation, warning that lawmakers may need to use parliamentary powers to obtain necessary details. <div><p>Hon. Ikenga Ugochinyere, Chairman of the House of Representatives Committee on Downstream Petroleum, criticized NNPCL for not providing information on refinery rehabilitation, warning that lawmakers may need to use parliamentary powers to obtain necessary details.</p><p><a href="https://www.plus234feed.com/article/nnpcl-has-kept-us-in-the-dark-on-refinery-rehabilitation-revival-says-ugochinyere-mtdfrz7p">Read full article</a></p></div> Fri, 28 Aug 2026 19:55:16 GMT business Unknown https://www.plus234feed.com/article/ngx-rebounds-as-asi-gains-090-percent-market-cap-adds-n138tn-mtdgdkdd https://www.plus234feed.com/article/ngx-rebounds-as-asi-gains-090-percent-market-cap-adds-n138tn-mtdgdkdd The Nigerian Exchange Limited (NGX) experienced a positive close on August 28, with the All-Share Index gaining 0.90 percent, rising to 241,298.47 points. Market capitalization increased by approximately N1.38 trillion, reflecting stronger buying interest. <div><p>The Nigerian Exchange Limited (NGX) experienced a positive close on August 28, with the All-Share Index gaining 0.90 percent, rising to 241,298.47 points. Market capitalization increased by approximately N1.38 trillion, reflecting stronger buying interest.</p><p><a href="https://www.plus234feed.com/article/ngx-rebounds-as-asi-gains-090-percent-market-cap-adds-n138tn-mtdgdkdd">Read full article</a></p></div> Fri, 28 Aug 2026 19:14:00 GMT business Ogochukwu Onwaeze, THEWILL https://www.plus234feed.com/article/ngx-market-wrap-2026-08-28 https://www.plus234feed.com/article/ngx-market-wrap-2026-08-28 The NGX All-Share Index closed at 241,298.47 points on Friday as energy and small-cap stocks drove gains, while banking and fintech sectors faced profit-taking pressure. Trading activity remained robust with ₦29.9 billion in value exchanged across 38,421 deals. <div><p>The NGX All-Share Index closed at 241,298.47 points on Friday as energy and small-cap stocks drove gains, while banking and fintech sectors faced profit-taking pressure. Trading activity remained robust with ₦29.9 billion in value exchanged across 38,421 deals.</p><p><a href="https://www.plus234feed.com/article/ngx-market-wrap-2026-08-28">Read full article</a></p></div> Fri, 28 Aug 2026 19:06:44 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/cbn-cuts-t-bill-rate-to-1715-percent-despite-n363tn-demand-mtdgcsji https://www.plus234feed.com/article/cbn-cuts-t-bill-rate-to-1715-percent-despite-n363tn-demand-mtdgcsji The Central Bank of Nigeria (CBN) reduced the stop rate for the one-year Treasury Bill to 17.15% despite a high demand of N3.63 trillion at the recent auction, indicating strong investor preference for longer-term securities. <div><p>The Central Bank of Nigeria (CBN) reduced the stop rate for the one-year Treasury Bill to 17.15% despite a high demand of N3.63 trillion at the recent auction, indicating strong investor preference for longer-term securities.</p><p><a href="https://www.plus234feed.com/article/cbn-cuts-t-bill-rate-to-1715-percent-despite-n363tn-demand-mtdgcsji">Read full article</a></p></div> Fri, 28 Aug 2026 18:48:58 GMT business Ogochukwu Onwaeze, THEWILL https://www.plus234feed.com/article/nigeria-regains-frontier-market-status-after-three-years-fg-mtdn1ho0 https://www.plus234feed.com/article/nigeria-regains-frontier-market-status-after-three-years-fg-mtdn1ho0 Nigeria's capital market will regain its Frontier Market status from September 21, 2026, as announced by the Federal Government following a reclassification by FTSE Russell, attributed to improvements in foreign exchange liquidity and market accessibility. <div><p>Nigeria's capital market will regain its Frontier Market status from September 21, 2026, as announced by the Federal Government following a reclassification by FTSE Russell, attributed to improvements in foreign exchange liquidity and market accessibility.</p><p><a href="https://www.plus234feed.com/article/nigeria-regains-frontier-market-status-after-three-years-fg-mtdn1ho0">Read full article</a></p></div> Fri, 28 Aug 2026 18:32:00 GMT business Unknown https://www.plus234feed.com/article/after-ftse-russell-reclassification-moodys-upgrades-nigerias-outlook-on-stronger-external-position-mtdv7xj4 https://www.plus234feed.com/article/after-ftse-russell-reclassification-moodys-upgrades-nigerias-outlook-on-stronger-external-position-mtdv7xj4 Moody’s Ratings upgraded Nigeria’s outlook from ‘stable’ to ‘positive’ due to a stronger external position and robust economic growth. This followed FTSE Russell's reclassification of Nigeria to Frontier Market status, leading to a significant increase in the Nigerian equities market. <div><p>Moody’s Ratings upgraded Nigeria’s outlook from ‘stable’ to ‘positive’ due to a stronger external position and robust economic growth. This followed FTSE Russell's reclassification of Nigeria to Frontier Market status, leading to a significant increase in the Nigerian equities market.</p><p><a href="https://www.plus234feed.com/article/after-ftse-russell-reclassification-moodys-upgrades-nigerias-outlook-on-stronger-external-position-mtdv7xj4">Read full article</a></p></div> Fri, 28 Aug 2026 18:10:00 GMT business Unknown https://www.plus234feed.com/article/the-two-nigerians-we-live-in-mtdr03c4 https://www.plus234feed.com/article/the-two-nigerians-we-live-in-mtdr03c4 The article contrasts two realities in Nigeria: one of economic statistics showing growth and another of everyday struggles faced by citizens, including rising costs and stagnant incomes. This disparity highlights a significant communication breakdown between the government and the populace regarding economic conditions. <div><p>The article contrasts two realities in Nigeria: one of economic statistics showing growth and another of everyday struggles faced by citizens, including rising costs and stagnant incomes. This disparity highlights a significant communication breakdown between the government and the populace regarding economic conditions.</p><p><a href="https://www.plus234feed.com/article/the-two-nigerians-we-live-in-mtdr03c4">Read full article</a></p></div> Fri, 28 Aug 2026 18:09:47 GMT business Unknown https://www.plus234feed.com/article/niyi-agoro-people-are-our-greatest-investment-staff-welfare-remains-priority-mtdr175p https://www.plus234feed.com/article/niyi-agoro-people-are-our-greatest-investment-staff-welfare-remains-priority-mtdr175p Niyi Agoro, Cluster Director of Human Resources for Lagos and Abuja Continental Hotels, addressed a blockade by the Trade Union Congress at the Abuja Continental Hotel on August 24, 2026, emphasizing the hotel's commitment to guest safety and the importance of dialogue in industrial relations. <div><p>Niyi Agoro, Cluster Director of Human Resources for Lagos and Abuja Continental Hotels, addressed a blockade by the Trade Union Congress at the Abuja Continental Hotel on August 24, 2026, emphasizing the hotel's commitment to guest safety and the importance of dialogue in industrial relations.</p><p><a href="https://www.plus234feed.com/article/niyi-agoro-people-are-our-greatest-investment-staff-welfare-remains-priority-mtdr175p">Read full article</a></p></div> Fri, 28 Aug 2026 18:08:51 GMT business Unknown https://www.plus234feed.com/article/chery-premium-mobility-exeed-enters-nigerias-automotive-market-december-mtdr1bok https://www.plus234feed.com/article/chery-premium-mobility-exeed-enters-nigerias-automotive-market-december-mtdr1bok EXEED, the premium automotive brand of Chery Automobile, will officially debut in Nigeria in December 2026. Versat Automobile Limited is introducing this brand, which focuses on advanced technology and distinctive design, catering to Nigeria's premium automotive market. <div><p>EXEED, the premium automotive brand of Chery Automobile, will officially debut in Nigeria in December 2026. Versat Automobile Limited is introducing this brand, which focuses on advanced technology and distinctive design, catering to Nigeria's premium automotive market.</p><p><a href="https://www.plus234feed.com/article/chery-premium-mobility-exeed-enters-nigerias-automotive-market-december-mtdr1bok">Read full article</a></p></div> Fri, 28 Aug 2026 18:08:50 GMT business Unknown https://www.plus234feed.com/article/nigerian-equities-rally-continues-with-n138-trillion-gains-as-ftse-russell-lift-sentiment-mtdgb601 https://www.plus234feed.com/article/nigerian-equities-rally-continues-with-n138-trillion-gains-as-ftse-russell-lift-sentiment-mtdgb601 The Nigerian equities market experienced a significant rally on August 28, 2026, with a gain of N1.38 trillion following FTSE Russell's reclassification of Nigeria under its frontier market index. The NGX All-Share Index rose 0.90%, marking a strong recovery across various sectors. <div><p>The Nigerian equities market experienced a significant rally on August 28, 2026, with a gain of N1.38 trillion following FTSE Russell's reclassification of Nigeria under its frontier market index. The NGX All-Share Index rose 0.90%, marking a strong recovery across various sectors.</p><p><a href="https://www.plus234feed.com/article/nigerian-equities-rally-continues-with-n138-trillion-gains-as-ftse-russell-lift-sentiment-mtdgb601">Read full article</a></p></div> Fri, 28 Aug 2026 17:49:37 GMT business Kelechi Mgboji https://www.plus234feed.com/article/rising-food-prices-transportation-mtdov4iq https://www.plus234feed.com/article/rising-food-prices-transportation-mtdov4iq Rising food and transportation costs in Nigeria are straining household budgets, as illustrated by trader Christiana Bulus and salaried worker Aisha Bello. Inflation figures show food prices increasing significantly, impacting daily living expenses and purchasing power. <div><p>Rising food and transportation costs in Nigeria are straining household budgets, as illustrated by trader Christiana Bulus and salaried worker Aisha Bello. Inflation figures show food prices increasing significantly, impacting daily living expenses and purchasing power.</p><p><a href="https://www.plus234feed.com/article/rising-food-prices-transportation-mtdov4iq">Read full article</a></p></div> Fri, 28 Aug 2026 17:11:50 GMT business Unknown https://www.plus234feed.com/article/beyond-the-pain-preserving-reform-gains-ensuring-policy-consistency-mtdova3b https://www.plus234feed.com/article/beyond-the-pain-preserving-reform-gains-ensuring-policy-consistency-mtdova3b Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria, emphasized the importance of preserving economic reform gains during the 7th Africa Emerging Markets Forum in Abuja. He highlighted the need for policy consistency to ensure macroeconomic stability and attract investment. <div><p>Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria, emphasized the importance of preserving economic reform gains during the 7th Africa Emerging Markets Forum in Abuja. He highlighted the need for policy consistency to ensure macroeconomic stability and attract investment.</p><p><a href="https://www.plus234feed.com/article/beyond-the-pain-preserving-reform-gains-ensuring-policy-consistency-mtdova3b">Read full article</a></p></div> Fri, 28 Aug 2026 17:11:48 GMT business Unknown https://www.plus234feed.com/article/what-ftse-russells-decision-means-for-investors-nigeria-mtdqyggy https://www.plus234feed.com/article/what-ftse-russells-decision-means-for-investors-nigeria-mtdqyggy FTSE Russell announced Nigeria's restoration to Frontier Market classification effective September 21, 2026, ending a three-year "Unclassified" status. Concurrently, Moody's upgraded Nigeria's outlook from 'stable' to 'positive', citing improved economic conditions and forex liquidity. <div><p>FTSE Russell announced Nigeria's restoration to Frontier Market classification effective September 21, 2026, ending a three-year "Unclassified" status. Concurrently, Moody's upgraded Nigeria's outlook from 'stable' to 'positive', citing improved economic conditions and forex liquidity.</p><p><a href="https://www.plus234feed.com/article/what-ftse-russells-decision-means-for-investors-nigeria-mtdqyggy">Read full article</a></p></div> Fri, 28 Aug 2026 17:11:15 GMT business Unknown https://www.plus234feed.com/article/pz-cussons-nigeria-proposes-250-final-dividend-per-share-for-fy2026-73f83b https://www.plus234feed.com/article/pz-cussons-nigeria-proposes-250-final-dividend-per-share-for-fy2026-73f83b PZ Cussons Nigeria PLC filed a corporate action notice dated 28th August 2026, disclosing resolutions passed at a special board meeting held on 27th August 2026. The filing covers approval of audited financial statements for the year ended 31st May 2026, a proposed final dividend, and a scrip dividend option for qualifying shareholders. <div><p>PZ Cussons Nigeria PLC filed a corporate action notice dated 28th August 2026, disclosing resolutions passed at a special board meeting held on 27th August 2026. The filing covers approval of audited financial statements for the year ended 31st May 2026, a proposed final dividend, and a scrip dividend option for qualifying shareholders.</p><p><a href="https://www.plus234feed.com/article/pz-cussons-nigeria-proposes-250-final-dividend-per-share-for-fy2026-73f83b">Read full article</a></p></div> Fri, 28 Aug 2026 16:37:26 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/10-companies-in-nigeria-that-paid-the-most-in-staff-salaries-in-one-year-mtdichs5 https://www.plus234feed.com/article/10-companies-in-nigeria-that-paid-the-most-in-staff-salaries-in-one-year-mtdichs5 Access Holdings led the list of companies in Nigeria that paid the most in staff salaries in 2025, spending N459.80 billion. Other notable companies included UBA and FirstHoldCo, with significant increases in their salary expenditures compared to 2024. <div><p>Access Holdings led the list of companies in Nigeria that paid the most in staff salaries in 2025, spending N459.80 billion. Other notable companies included UBA and FirstHoldCo, with significant increases in their salary expenditures compared to 2024.</p><p><a href="https://www.plus234feed.com/article/10-companies-in-nigeria-that-paid-the-most-in-staff-salaries-in-one-year-mtdichs5">Read full article</a></p></div> Fri, 28 Aug 2026 16:10:29 GMT business Dave Ibemere https://www.plus234feed.com/article/fg-clarifies-5-billion-abu-dhabi-swap-says-no-oil-assets-pledged-mtdgflqt https://www.plus234feed.com/article/fg-clarifies-5-billion-abu-dhabi-swap-says-no-oil-assets-pledged-mtdgflqt The Federal Government of Nigeria clarified that its $5 billion Total Return Swap facility with First Abu Dhabi Bank does not involve pledging oil assets. The facility is secured by naira-denominated securities and aims to provide liquidity for budget implementation and infrastructure. <div><p>The Federal Government of Nigeria clarified that its $5 billion Total Return Swap facility with First Abu Dhabi Bank does not involve pledging oil assets. The facility is secured by naira-denominated securities and aims to provide liquidity for budget implementation and infrastructure.</p><p><a href="https://www.plus234feed.com/article/fg-clarifies-5-billion-abu-dhabi-swap-says-no-oil-assets-pledged-mtdgflqt">Read full article</a></p></div> Fri, 28 Aug 2026 15:52:55 GMT business Olalekan Adigun https://www.plus234feed.com/article/twitter-is-back-new-platform-twitternow-launches-as-elon-musks-x-faces-fresh-trademark-fight-mtd5njqz https://www.plus234feed.com/article/twitter-is-back-new-platform-twitternow-launches-as-elon-musks-x-faces-fresh-trademark-fight-mtd5njqz Operation Bluebird launched a new social media platform called Twitter.now, aiming to revive the original Twitter's branding amid a trademark dispute with X Corporation. The platform features an AI-powered "veracity engine" and emphasizes user control over content visibility. <div><p>Operation Bluebird launched a new social media platform called Twitter.now, aiming to revive the original Twitter's branding amid a trademark dispute with X Corporation. The platform features an AI-powered "veracity engine" and emphasizes user control over content visibility.</p><p><a href="https://www.plus234feed.com/article/twitter-is-back-new-platform-twitternow-launches-as-elon-musks-x-faces-fresh-trademark-fight-mtd5njqz">Read full article</a></p></div> Fri, 28 Aug 2026 15:35:14 GMT business Pascal Oparada https://www.plus234feed.com/article/saudi-arabia-cuts-work-visa-quotas-for-new-businesses-under-revised-rules-mtdkfryp https://www.plus234feed.com/article/saudi-arabia-cuts-work-visa-quotas-for-new-businesses-under-revised-rules-mtdkfryp Saudi Arabia has revised its work visa quotas for new businesses, limiting those under two years to five visas. Companies over two years can access up to 50. Businesses in the Establishing Programme start with two visas, with potential increases based on compliance with Saudisation targets. <div><p>Saudi Arabia has revised its work visa quotas for new businesses, limiting those under two years to five visas. Companies over two years can access up to 50. Businesses in the Establishing Programme start with two visas, with potential increases based on compliance with Saudisation targets.</p><p><a href="https://www.plus234feed.com/article/saudi-arabia-cuts-work-visa-quotas-for-new-businesses-under-revised-rules-mtdkfryp">Read full article</a></p></div> Fri, 28 Aug 2026 15:27:12 GMT business Basit Jamiu https://www.plus234feed.com/article/fg-invites-nigerians-to-submit-proposals-for-2027-finance-bill-mtd5ziim https://www.plus234feed.com/article/fg-invites-nigerians-to-submit-proposals-for-2027-finance-bill-mtd5ziim The Federal Government of Nigeria has invited citizens and stakeholders to submit proposals for the 2027 Finance Bill, aiming to reform fiscal laws and enhance the business environment to support sustainable economic growth. <div><p>The Federal Government of Nigeria has invited citizens and stakeholders to submit proposals for the 2027 Finance Bill, aiming to reform fiscal laws and enhance the business environment to support sustainable economic growth.</p><p><a href="https://www.plus234feed.com/article/fg-invites-nigerians-to-submit-proposals-for-2027-finance-bill-mtd5ziim">Read full article</a></p></div> Fri, 28 Aug 2026 14:26:59 GMT business Felix Ifijeh, THEWILL https://www.plus234feed.com/article/saudi-arabia-changes-work-permit-rules-announces-new-visa-limits-for-businesses-foreign-workers-mtd5ft97 https://www.plus234feed.com/article/saudi-arabia-changes-work-permit-rules-announces-new-visa-limits-for-businesses-foreign-workers-mtd5ft97 Saudi Arabia has introduced new work visa limits for businesses, differentiating based on operational history. Companies under two years can obtain a maximum of five visas, while those over two years can access up to 50. This change aims to link foreign labor access to business development. <div><p>Saudi Arabia has introduced new work visa limits for businesses, differentiating based on operational history. Companies under two years can obtain a maximum of five visas, while those over two years can access up to 50. This change aims to link foreign labor access to business development.</p><p><a href="https://www.plus234feed.com/article/saudi-arabia-changes-work-permit-rules-announces-new-visa-limits-for-businesses-foreign-workers-mtd5ft97">Read full article</a></p></div> Fri, 28 Aug 2026 14:22:27 GMT business Dave Ibemere https://www.plus234feed.com/article/from-palmpay-pos-agent-to-data-professional-how-hakeem-turned-opportunity-into-growth-mtd5lr3n https://www.plus234feed.com/article/from-palmpay-pos-agent-to-data-professional-how-hakeem-turned-opportunity-into-growth-mtd5lr3n Hakeem transitioned from a PalmPay POS Agent in Ilorin to a data professional, leveraging his experience to build skills in finance and data science. His journey reflects the entrepreneurial spirit among Nigerian youth amid high unemployment rates. <div><p>Hakeem transitioned from a PalmPay POS Agent in Ilorin to a data professional, leveraging his experience to build skills in finance and data science. His journey reflects the entrepreneurial spirit among Nigerian youth amid high unemployment rates.</p><p><a href="https://www.plus234feed.com/article/from-palmpay-pos-agent-to-data-professional-how-hakeem-turned-opportunity-into-growth-mtd5lr3n">Read full article</a></p></div> Fri, 28 Aug 2026 14:16:51 GMT business Adunni Amodeni https://www.plus234feed.com/article/n100000-in-nigerian-bank-stocks-how-much-your-money-would-be-worth-after-8-months-mtdmy93t https://www.plus234feed.com/article/n100000-in-nigerian-bank-stocks-how-much-your-money-would-be-worth-after-8-months-mtdmy93t Nigerians are increasingly investing in banking stocks, with significant gains reported. An investment of ₦100,000 in five major banks at the start of 2026 could yield substantial returns by August 26, 2026, highlighting the importance of stock selection. <div><p>Nigerians are increasingly investing in banking stocks, with significant gains reported. An investment of ₦100,000 in five major banks at the start of 2026 could yield substantial returns by August 26, 2026, highlighting the importance of stock selection.</p><p><a href="https://www.plus234feed.com/article/n100000-in-nigerian-bank-stocks-how-much-your-money-would-be-worth-after-8-months-mtdmy93t">Read full article</a></p></div> Fri, 28 Aug 2026 14:02:47 GMT business Pascal Oparada https://www.plus234feed.com/article/nigerian-firms-must-look-beyond-local-contracts-to-build-global-firms-adekunle-mtdkf3kp https://www.plus234feed.com/article/nigerian-firms-must-look-beyond-local-contracts-to-build-global-firms-adekunle-mtdkf3kp Ayeni Adekunle, CEO of BlackHouse Media, urged Nigerian entrepreneurs to pursue global competitiveness through strategic partnerships at the Nigeria-South Africa Chamber of Commerce forum in Lagos. He emphasized leveraging intellectual capital and corporate relationships to enhance business capabilities. <div><p>Ayeni Adekunle, CEO of BlackHouse Media, urged Nigerian entrepreneurs to pursue global competitiveness through strategic partnerships at the Nigeria-South Africa Chamber of Commerce forum in Lagos. He emphasized leveraging intellectual capital and corporate relationships to enhance business capabilities.</p><p><a href="https://www.plus234feed.com/article/nigerian-firms-must-look-beyond-local-contracts-to-build-global-firms-adekunle-mtdkf3kp">Read full article</a></p></div> Fri, 28 Aug 2026 13:37:08 GMT business Chinwe Michael https://www.plus234feed.com/article/consumer-goods-firms-cut-borrowing-costs-as-interest-burden-falls-26-mtdkfbpd https://www.plus234feed.com/article/consumer-goods-firms-cut-borrowing-costs-as-interest-burden-falls-26-mtdkfbpd Nigeria's consumer goods firms have reduced borrowing costs significantly, with a 25.8% decline in interest expenses in H1 2026 compared to H1 2025. BUA Foods and Cadbury Nigeria reported the most substantial reductions, while some companies, including Nestlé Nigeria, experienced increased costs. <div><p>Nigeria's consumer goods firms have reduced borrowing costs significantly, with a 25.8% decline in interest expenses in H1 2026 compared to H1 2025. BUA Foods and Cadbury Nigeria reported the most substantial reductions, while some companies, including Nestlé Nigeria, experienced increased costs.</p><p><a href="https://www.plus234feed.com/article/consumer-goods-firms-cut-borrowing-costs-as-interest-burden-falls-26-mtdkfbpd">Read full article</a></p></div> Fri, 28 Aug 2026 13:36:48 GMT business Unknown https://www.plus234feed.com/article/nigerias-pension-accounts-grow-but-savings-fail-to-follow-mtdkfibw https://www.plus234feed.com/article/nigerias-pension-accounts-grow-but-savings-fail-to-follow-mtdkfibw Nigeria's pension accounts are increasing, with 219,316 Retirement Savings Accounts registered under the Personal Pension Plan by Q1 2026. However, only 18,811 accounts received contributions, indicating a significant gap between registration and active savings. <div><p>Nigeria's pension accounts are increasing, with 219,316 Retirement Savings Accounts registered under the Personal Pension Plan by Q1 2026. However, only 18,811 accounts received contributions, indicating a significant gap between registration and active savings.</p><p><a href="https://www.plus234feed.com/article/nigerias-pension-accounts-grow-but-savings-fail-to-follow-mtdkfibw">Read full article</a></p></div> Fri, 28 Aug 2026 13:34:41 GMT business Unknown https://www.plus234feed.com/article/consolidated-hallmarks-half-year-profit-soars-as-investment-gains-drive-earnings-mtd5dm0i https://www.plus234feed.com/article/consolidated-hallmarks-half-year-profit-soars-as-investment-gains-drive-earnings-mtd5dm0i Consolidated Hallmark Holdings Plc reported a profit after tax of N25.28 billion for H1 2026, a 2,083% increase from N1.16 billion in H1 2025, driven by significant investment income despite a decline in insurance service performance. <div><p>Consolidated Hallmark Holdings Plc reported a profit after tax of N25.28 billion for H1 2026, a 2,083% increase from N1.16 billion in H1 2025, driven by significant investment income despite a decline in insurance service performance.</p><p><a href="https://www.plus234feed.com/article/consolidated-hallmarks-half-year-profit-soars-as-investment-gains-drive-earnings-mtd5dm0i">Read full article</a></p></div> Fri, 28 Aug 2026 13:34:06 GMT business Unknown https://www.plus234feed.com/article/ngx-group-ceo-says-ftse-russell-reclassification-creates-opportunity-to-deepen-nigerias-capital-market-mtd5f8lw https://www.plus234feed.com/article/ngx-group-ceo-says-ftse-russell-reclassification-creates-opportunity-to-deepen-nigerias-capital-market-mtd5f8lw Nigeria's reclassification to FTSE Russell's Frontier Market status presents an opportunity to enhance its capital market, according to Temi Popoola, CEO of NGX Group. The change, effective September 21, 2026, follows improvements in market conditions. <div><p>Nigeria's reclassification to FTSE Russell's Frontier Market status presents an opportunity to enhance its capital market, according to Temi Popoola, CEO of NGX Group. The change, effective September 21, 2026, follows improvements in market conditions.</p><p><a href="https://www.plus234feed.com/article/ngx-group-ceo-says-ftse-russell-reclassification-creates-opportunity-to-deepen-nigerias-capital-market-mtd5f8lw">Read full article</a></p></div> Fri, 28 Aug 2026 13:31:18 GMT business Iheanyi Nwachukwu https://www.plus234feed.com/article/nigeria-returns-to-ftse-frontier-market-status-on-september-21-9788ae https://www.plus234feed.com/article/nigeria-returns-to-ftse-frontier-market-status-on-september-21-9788ae FTSE Russell has restored Nigeria's Frontier Market classification after nearly three years, citing improved forex liquidity and market accessibility reforms. <div><p>FTSE Russell has restored Nigeria's Frontier Market classification after nearly three years, citing improved forex liquidity and market accessibility reforms.</p><p><a href="https://www.plus234feed.com/article/nigeria-returns-to-ftse-frontier-market-status-on-september-21-9788ae">Read full article</a></p></div> Fri, 28 Aug 2026 12:58:17 GMT business Plus234Feed Editorial (Plus234Feed Editorial) https://www.plus234feed.com/article/mtn-nigerias-local-workforce-hits-9985-as-jobs-top-2-million-mtd5dsx2 https://www.plus234feed.com/article/mtn-nigerias-local-workforce-hits-9985-as-jobs-top-2-million-mtd5dsx2 MTN Nigeria has achieved a workforce comprising 99.85% Nigerians and created over two million jobs in 25 years. Ije Jidenma, at a Chamber meeting, praised MTN's role in local content development and urged businesses to adopt similar practices for sustainable growth. <div><p>MTN Nigeria has achieved a workforce comprising 99.85% Nigerians and created over two million jobs in 25 years. Ije Jidenma, at a Chamber meeting, praised MTN's role in local content development and urged businesses to adopt similar practices for sustainable growth.</p><p><a href="https://www.plus234feed.com/article/mtn-nigerias-local-workforce-hits-9985-as-jobs-top-2-million-mtd5dsx2">Read full article</a></p></div> Fri, 28 Aug 2026 12:50:07 GMT business Unknown https://www.plus234feed.com/article/nigerias-return-to-frontier-market-status-sparks-stock-market-rally-mtd5fgkz https://www.plus234feed.com/article/nigerias-return-to-frontier-market-status-sparks-stock-market-rally-mtd5fgkz Nigeria has regained its Frontier Market status from FTSE Russell, ending a three-year period of being classified as "Unclassified." This reinstatement has led to a stock market rally, with the NGX-ASI rising significantly as foreign investors reposition themselves. <div><p>Nigeria has regained its Frontier Market status from FTSE Russell, ending a three-year period of being classified as "Unclassified." This reinstatement has led to a stock market rally, with the NGX-ASI rising significantly as foreign investors reposition themselves.</p><p><a href="https://www.plus234feed.com/article/nigerias-return-to-frontier-market-status-sparks-stock-market-rally-mtd5fgkz">Read full article</a></p></div> Fri, 28 Aug 2026 12:32:24 GMT business Unknown https://www.plus234feed.com/article/smedan-zoho-offer-n20bn-digital-credit-to-25000-nigerian-smes-what-businesses-get-mtdmzdhe https://www.plus234feed.com/article/smedan-zoho-offer-n20bn-digital-credit-to-25000-nigerian-smes-what-businesses-get-mtdmzdhe SMEDAN has partnered with Zoho to provide N20 billion in digital wallet credits to 25,000 Nigerian SMEs, enabling access to over 60 cloud-based applications. The initiative includes training and support to enhance technology use among small businesses. <div><p>SMEDAN has partnered with Zoho to provide N20 billion in digital wallet credits to 25,000 Nigerian SMEs, enabling access to over 60 cloud-based applications. The initiative includes training and support to enhance technology use among small businesses.</p><p><a href="https://www.plus234feed.com/article/smedan-zoho-offer-n20bn-digital-credit-to-25000-nigerian-smes-what-businesses-get-mtdmzdhe">Read full article</a></p></div> Fri, 28 Aug 2026 12:30:15 GMT business Pascal Oparada https://www.plus234feed.com/article/finance-bill-2027-how-to-submit-your-proposals-mtcwh4r3 https://www.plus234feed.com/article/finance-bill-2027-how-to-submit-your-proposals-mtcwh4r3 The Federal Government of Nigeria has opened submissions for the Finance Bill 2027, inviting proposals from the public and stakeholders to enhance the fiscal and economic system. Proposals can cover various areas, including taxation, fiscal policy, and regulatory improvements. <div><p>The Federal Government of Nigeria has opened submissions for the Finance Bill 2027, inviting proposals from the public and stakeholders to enhance the fiscal and economic system. Proposals can cover various areas, including taxation, fiscal policy, and regulatory improvements.</p><p><a href="https://www.plus234feed.com/article/finance-bill-2027-how-to-submit-your-proposals-mtcwh4r3">Read full article</a></p></div> Fri, 28 Aug 2026 12:25:00 GMT business Unknown https://www.plus234feed.com/article/pencom-914-percent-of-personal-pension-accounts-remain-unfunded-mtd5wi8l https://www.plus234feed.com/article/pencom-914-percent-of-personal-pension-accounts-remain-unfunded-mtd5wi8l About 91.4% of retirement savings accounts under Nigeria’s Personal Pension Plan were unfunded as of March 2026, with only 18,811 of 219,316 accounts receiving contributions. The National Pension Commission is reviewing the pension framework to enhance contributions. <div><p>About 91.4% of retirement savings accounts under Nigeria’s Personal Pension Plan were unfunded as of March 2026, with only 18,811 of 219,316 accounts receiving contributions. The National Pension Commission is reviewing the pension framework to enhance contributions.</p><p><a href="https://www.plus234feed.com/article/pencom-914-percent-of-personal-pension-accounts-remain-unfunded-mtd5wi8l">Read full article</a></p></div> Fri, 28 Aug 2026 12:24:44 GMT business Ogochukwu Onwaeze, THEWILL https://www.plus234feed.com/article/fg-seeks-nigerians-inputs-for-2027-finance-bill-mtcwqga4 https://www.plus234feed.com/article/fg-seeks-nigerians-inputs-for-2027-finance-bill-mtcwqga4 The Federal Government of Nigeria has invited public input for the drafting of the Finance Bill 2027, seeking proposals that enhance fiscal frameworks and improve the business environment. Submissions are encouraged from various stakeholders, focusing on evidence-based reforms. <div><p>The Federal Government of Nigeria has invited public input for the drafting of the Finance Bill 2027, seeking proposals that enhance fiscal frameworks and improve the business environment. Submissions are encouraged from various stakeholders, focusing on evidence-based reforms.</p><p><a href="https://www.plus234feed.com/article/fg-seeks-nigerians-inputs-for-2027-finance-bill-mtcwqga4">Read full article</a></p></div> Fri, 28 Aug 2026 12:23:00 GMT business Unknown https://www.plus234feed.com/article/cutix-plc-board-approves-q1-2026-financials-filing-due-by-august-30-456d54 https://www.plus234feed.com/article/cutix-plc-board-approves-q1-2026-financials-filing-due-by-august-30-456d54 Cutix Plc has disclosed the outcome of its 172nd Board of Directors meeting held on August 27, 2026, during which the company's First Quarter Unaudited Financial Statements for the period ended July 31, 2026 were considered and approved subject to a few amendments. The approved Q1 financials are scheduled to be filed with the Nigerian Exchange Limited on or before August 30, 2026. <div><p>Cutix Plc has disclosed the outcome of its 172nd Board of Directors meeting held on August 27, 2026, during which the company's First Quarter Unaudited Financial Statements for the period ended July 31, 2026 were considered and approved subject to a few amendments. The approved Q1 financials are scheduled to be filed with the Nigerian Exchange Limited on or before August 30, 2026.</p><p><a href="https://www.plus234feed.com/article/cutix-plc-board-approves-q1-2026-financials-filing-due-by-august-30-456d54">Read full article</a></p></div> Fri, 28 Aug 2026 12:17:53 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/access-holdings-board-approves-h1-2026-results-awaits-cbn-sign-off-525ac9 https://www.plus234feed.com/article/access-holdings-board-approves-h1-2026-results-awaits-cbn-sign-off-525ac9 Access Holdings Plc has disclosed that its Board of Directors met on August 27, 2026, and approved the Group's Audited Interim Consolidated and Separate Financial Statements for the half-year ended June 30, 2026. Public announcement of the results is contingent on receiving approval from the Central Bank of Nigeria. <div><p>Access Holdings Plc has disclosed that its Board of Directors met on August 27, 2026, and approved the Group's Audited Interim Consolidated and Separate Financial Statements for the half-year ended June 30, 2026. Public announcement of the results is contingent on receiving approval from the Central Bank of Nigeria.</p><p><a href="https://www.plus234feed.com/article/access-holdings-board-approves-h1-2026-results-awaits-cbn-sign-off-525ac9">Read full article</a></p></div> Fri, 28 Aug 2026 12:17:41 GMT business Plus234Feed Intelligence (Plus234Feed Intelligence) https://www.plus234feed.com/article/saudi-arabia-sets-new-work-visa-limits-for-businesses-hiring-foreign-workers-mtd5uq3o https://www.plus234feed.com/article/saudi-arabia-sets-new-work-visa-limits-for-businesses-hiring-foreign-workers-mtd5uq3o Saudi Arabia has implemented new limits on work visas for foreign workers, differentiating between businesses based on their operational duration. Companies under two years can obtain up to five visas, while those over two years can secure up to 50 visas. <div><p>Saudi Arabia has implemented new limits on work visas for foreign workers, differentiating between businesses based on their operational duration. Companies under two years can obtain up to five visas, while those over two years can secure up to 50 visas.</p><p><a href="https://www.plus234feed.com/article/saudi-arabia-sets-new-work-visa-limits-for-businesses-hiring-foreign-workers-mtd5uq3o">Read full article</a></p></div> Fri, 28 Aug 2026 11:45:10 GMT business Deborah Dan-Awoh https://www.plus234feed.com/article/7-banks-in-nigeria-where-you-can-obtain-a-car-loan-with-as-little-as-10-deposit-mtcwg04x https://www.plus234feed.com/article/7-banks-in-nigeria-where-you-can-obtain-a-car-loan-with-as-little-as-10-deposit-mtcwg04x Several commercial banks in Nigeria offer car loans requiring as little as a 10% deposit. These loans are structured with repayment plans, low equity requirements, and fast approval times, catering to salaried workers, entrepreneurs, and corporate bodies. <div><p>Several commercial banks in Nigeria offer car loans requiring as little as a 10% deposit. These loans are structured with repayment plans, low equity requirements, and fast approval times, catering to salaried workers, entrepreneurs, and corporate bodies.</p><p><a href="https://www.plus234feed.com/article/7-banks-in-nigeria-where-you-can-obtain-a-car-loan-with-as-little-as-10-deposit-mtcwg04x">Read full article</a></p></div> Fri, 28 Aug 2026 11:33:00 GMT business Victor Enengedi https://www.plus234feed.com/article/fg-lauds-ngx-group-sec-cbn-cscs-as-ftse-reclassifies-nigeria-to-frontier-market-status-mtcw8llh https://www.plus234feed.com/article/fg-lauds-ngx-group-sec-cbn-cscs-as-ftse-reclassifies-nigeria-to-frontier-market-status-mtcw8llh The Federal Ministry of Finance announced Nigeria's reclassification to Frontier Market status by FTSE Russell, effective September 21, 2026. This change reflects improvements in foreign exchange liquidity and market accessibility, marking a significant milestone in Nigeria's economic reform efforts. <div><p>The Federal Ministry of Finance announced Nigeria's reclassification to Frontier Market status by FTSE Russell, effective September 21, 2026. This change reflects improvements in foreign exchange liquidity and market accessibility, marking a significant milestone in Nigeria's economic reform efforts.</p><p><a href="https://www.plus234feed.com/article/fg-lauds-ngx-group-sec-cbn-cscs-as-ftse-reclassifies-nigeria-to-frontier-market-status-mtcw8llh">Read full article</a></p></div> Fri, 28 Aug 2026 10:41:57 GMT business Iheanyi Nwachukwu https://www.plus234feed.com/article/nibss-launches-quarterly-journal-to-shape-future-of-digital-payments-mtcwqbef https://www.plus234feed.com/article/nibss-launches-quarterly-journal-to-shape-future-of-digital-payments-mtcwqbef NIBSS has launched "NIBSS Digest," a quarterly digital journal aimed at enhancing discussions on the future of payments and financial services. The inaugural edition focuses on technology, policies, and innovations in the payments industry, featuring contributions from various stakeholders. <div><p>NIBSS has launched "NIBSS Digest," a quarterly digital journal aimed at enhancing discussions on the future of payments and financial services. The inaugural edition focuses on technology, policies, and innovations in the payments industry, featuring contributions from various stakeholders.</p><p><a href="https://www.plus234feed.com/article/nibss-launches-quarterly-journal-to-shape-future-of-digital-payments-mtcwqbef">Read full article</a></p></div> Fri, 28 Aug 2026 10:38:23 GMT business Ogochukwu Onwaeze, THEWILL https://www.plus234feed.com/article/fg-says-nigerias-ftse-return-validates-economic-reforms-mtcwskri https://www.plus234feed.com/article/fg-says-nigerias-ftse-return-validates-economic-reforms-mtcwskri Nigeria's Federal Government welcomed the country's reclassification to Frontier Market status by FTSE Russell, effective September 21, 2026, citing it as validation of the Tinubu administration's economic reforms and improvements in foreign exchange liquidity and capital repatriation. <div><p>Nigeria's Federal Government welcomed the country's reclassification to Frontier Market status by FTSE Russell, effective September 21, 2026, citing it as validation of the Tinubu administration's economic reforms and improvements in foreign exchange liquidity and capital repatriation.</p><p><a href="https://www.plus234feed.com/article/fg-says-nigerias-ftse-return-validates-economic-reforms-mtcwskri">Read full article</a></p></div> Fri, 28 Aug 2026 10:31:14 GMT business Emmanuel Azubuike https://www.plus234feed.com/article/nigerias-external-reserves-rise-to-5311bn-near-2009-record-mtcwboa1 https://www.plus234feed.com/article/nigerias-external-reserves-rise-to-5311bn-near-2009-record-mtcwboa1 Nigeria's external reserves rose to $53.11 billion as of August 24, 2026, up from $49.96 billion on June 3, marking a significant increase attributed to stronger dollar inflows and crude oil earnings. <div><p>Nigeria's external reserves rose to $53.11 billion as of August 24, 2026, up from $49.96 billion on June 3, marking a significant increase attributed to stronger dollar inflows and crude oil earnings.</p><p><a href="https://www.plus234feed.com/article/nigerias-external-reserves-rise-to-5311bn-near-2009-record-mtcwboa1">Read full article</a></p></div> Fri, 28 Aug 2026 10:28:24 GMT business Dave Ibemere https://www.plus234feed.com/article/ftse-russell-oyedele-welcomes-nigerias-reclassification-to-frontier-market-status-mtcwhakq https://www.plus234feed.com/article/ftse-russell-oyedele-welcomes-nigerias-reclassification-to-frontier-market-status-mtcwhakq Taiwo Oyedele, Nigeria's Minister of Finance and Coordinating Minister of the Economy, welcomed the country's reclassification to Frontier Market status by FTSE Russell, effective September 21, 2026, after nearly three years of exclusion due to market accessibility issues. <div><p>Taiwo Oyedele, Nigeria's Minister of Finance and Coordinating Minister of the Economy, welcomed the country's reclassification to Frontier Market status by FTSE Russell, effective September 21, 2026, after nearly three years of exclusion due to market accessibility issues.</p><p><a href="https://www.plus234feed.com/article/ftse-russell-oyedele-welcomes-nigerias-reclassification-to-frontier-market-status-mtcwhakq">Read full article</a></p></div> Fri, 28 Aug 2026 10:18:01 GMT business Unknown https://www.plus234feed.com/article/mtn-prepares-11bn-tower-carve-out-to-clear-nigerian-regulatory-hurdle-mtcwodxb https://www.plus234feed.com/article/mtn-prepares-11bn-tower-carve-out-to-clear-nigerian-regulatory-hurdle-mtcwodxb MTN Group plans to sell a $1.1 billion stake in its Nigerian tower operations to meet regulatory requirements, reversing its asset-light strategy. The sale involves a 30 percent stake in IHS Nigeria, with proceeds aimed at reducing debt from a global purchase of IHS Towers. <div><p>MTN Group plans to sell a $1.1 billion stake in its Nigerian tower operations to meet regulatory requirements, reversing its asset-light strategy. The sale involves a 30 percent stake in IHS Nigeria, with proceeds aimed at reducing debt from a global purchase of IHS Towers.</p><p><a href="https://www.plus234feed.com/article/mtn-prepares-11bn-tower-carve-out-to-clear-nigerian-regulatory-hurdle-mtcwodxb">Read full article</a></p></div> Fri, 28 Aug 2026 10:11:26 GMT business Joy Onuorah, THEWILL https://www.plus234feed.com/article/dollar-crashes-to-n1338-as-naira-strengthens-reserves-hit-533bn-mtdkg6gh https://www.plus234feed.com/article/dollar-crashes-to-n1338-as-naira-strengthens-reserves-hit-533bn-mtdkg6gh The dollar fell to N1,338 in Nigeria's official foreign exchange market as the naira strengthened, supported by improved forex liquidity. Nigeria's foreign reserves rose to $53.3 billion, enhancing confidence in the naira amid varying trends in the parallel market. <div><p>The dollar fell to N1,338 in Nigeria's official foreign exchange market as the naira strengthened, supported by improved forex liquidity. Nigeria's foreign reserves rose to $53.3 billion, enhancing confidence in the naira amid varying trends in the parallel market.</p><p><a href="https://www.plus234feed.com/article/dollar-crashes-to-n1338-as-naira-strengthens-reserves-hit-533bn-mtdkg6gh">Read full article</a></p></div> Fri, 28 Aug 2026 09:58:10 GMT business Pascal Oparada