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Friday, 30 October 2026
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Business News in Nigeria — Direct & Verified

Business Stories

Business
VSource: Vanguard News
•Yesterday

2027: ‘Churches in Nigeria should remain non-partisan’

Quick Read: Archbishop Taiwo Akinola has advised the Nigerian church to avoid political partisanship while remaining actively engaged in promoting justice and good governance. He emphasized that the church's primary duty is to guide the conscience of the electorate rather than endorsing specific political candidates.

Business
DSource: Daily Trust
•Yesterday

Equities investors lose N719bn as banking stocks decline

Quick Read: Equities investors on the Nigerian Exchange Limited (NGX) recorded a loss of N718.95bn on Wednesday as profit-taking triggered a bearish market performance. The All-Share Index dropped by 0.44 per cent, driven primarily by significant declines in the banking sector.

Business
BSource: BusinessDay Nigeria
•Yesterday

Fidson Healthcare’s nine-month profit jumps 47% as FX pressure eases

Quick Read: Fidson Healthcare Plc experienced a strong financial performance in the first nine months of 2026, driven by a 47.2 percent surge in net profit. This growth in profitability significantly exceeded the company's 21 percent revenue increase during the same period.

Business
BSource: BusinessDay Nigeria
•Yesterday

Abbey Bank’s profit rises 56% to N2.26bn on earnings surge

Quick Read: Abbey Bank Plc experienced a strong financial performance with a 55.9 percent increase in profit after tax. This growth, totaling N2.26 billion, was attributed to a surge in earnings during the nine-month period ending September 2026.

Business
TSource: The Guardian Nigeria
•Yesterday

Odibola Properties, Mezie and the danger of trial by social media: When facts must prevail over allegations - The Guardian Nigeria News

Quick Read: The article examines the negative implications of social media-driven public trials in business conflicts. It advocates for a balanced approach where factual evidence takes precedence over online allegations.

Business
VSource: Vanguard News
•Yesterday

Manufacturers raise alarm over N1.35trn alternative power costs, 18,935 job losses

Quick Read: The Chemical and Non-Metallic Products Employers Federation (CANMPEF) has reported that despite national economic growth and improved foreign exchange stability in 2025, the manufacturing sector remains under severe pressure. The federation highlighted that high energy costs and financing hurdles have led to significant job losses and stagnant industrial output.

Business
TSource: The Guardian Nigeria
•Yesterday

PAU alumni urged to deepen collaboration, empower youths - The Guardian Nigeria News

Quick Read: Pan-Atlantic University (PAU) alumni have been urged to enhance their collaborative efforts to drive youth empowerment. This initiative highlights the importance of alumni engagement in supporting the next generation.

Business
TSource: The Guardian Nigeria
•Yesterday

inDrive courier handle 86 per cent of Nigerian SMBs’ monthly orders - The Guardian Nigeria News

Quick Read: inDrive has emerged as a dominant logistics partner for Nigerian small and medium-sized businesses. The platform currently manages 86 per cent of the monthly order volume for these enterprises.

Business
TSource: The Guardian Nigeria
•Yesterday

Yilwatda, Mutfwang, Tompolo rally for Tinubu’s re-election - The Guardian Nigeria News

Quick Read: Yilwatda, Mutfwang, and Tompolo have publicly rallied in support of President Tinubu's re-election. This development highlights a specific political alignment regarding the President's future electoral prospects.

Business
TSource: The Guardian Nigeria
•Yesterday

NUEE threatens to withdraw service over alleged torture of Benue JED staff - The Guardian Nigeria News

Quick Read: The National Union of Electricity Employees (NUEE) has threatened to withdraw its services in protest against the alleged torture of a Jos Electricity Distribution (JED) staff member in Benue State. This action underscores the union's commitment to protecting its members from violence while performing their official duties.

Business
TSource: The Guardian Nigeria
•Yesterday

Workers’ rights, welfare to take centre stage at LAWAN confab - The Guardian Nigeria News

Quick Read: The LAWAN conference is set to prioritize the discussion of workers' rights and welfare. This event highlights the organization's commitment to addressing labor-related concerns.

Business
TSource: The Guardian Nigeria
•Yesterday

Dockworkers threaten to shutdown ports nationwide - The Guardian Nigeria News

Quick Read: Dockworkers across Nigeria have threatened to shut down port operations nationwide. This industrial action signals a major disruption to the country's maritime and logistics sector.

Business
TSource: The Guardian Nigeria
•Yesterday

DLM Asset Management earns ‘A’ rating, posts 269% FUM growth - The Guardian Nigeria News

Quick Read: DLM Asset Management has successfully secured an 'A' rating, reflecting its strong financial standing. This achievement is underscored by a substantial 269% growth in its Funds Under Management.

Business
TSource: The Guardian Nigeria
•Yesterday

SWAN seeks stronger industry collaboration to curb illicit alcohol trade - The Guardian Nigeria News

Quick Read: The Spirits Wine and Allied Association of Nigeria (SWAN) has formally called for increased collaboration across the industry. This move is aimed at addressing and curbing the illicit trade of alcohol products in Nigeria.

Business
TSource: The Guardian Nigeria
•Yesterday

Cancer centre raises concern over deaths of Nigerians under 50 - The Guardian Nigeria News

Quick Read: A cancer centre has raised an alarm regarding the increasing number of cancer-related deaths among Nigerians under the age of 50. This trend suggests a growing public health challenge affecting the younger demographic in the country.

Business
TSource: The Guardian Nigeria
•Yesterday

Beautiful quotes of a lifetime - The Guardian Nigeria News

Quick Read: The provided text is a placeholder or header for an article titled 'Beautiful quotes of a lifetime'. It contains no actual content or news substance.

Business
TSource: The Guardian Nigeria
•Yesterday

NNPCL to commence oil exploration in Borno - The Guardian Nigeria News

Quick Read: The Nigerian National Petroleum Company Limited (NNPCL) has officially announced its intention to commence oil exploration activities in Borno State. This move represents a strategic effort by the national oil company to explore new frontier basins within Nigeria.

Business
DSource: Daily Trust
•Yesterday

The jollof index: A survivor’s guide to Nigeria’s beautiful...

Quick Read: Nigeria is facing a severe socio-economic crisis in 2026, characterized by hyper-inflation, infrastructure failure, and widespread insecurity. The 'Jollof Index' serves as a primary indicator of the eroding purchasing power of the average citizen, who is increasingly forced to choose between basic survival and migration.

Business
DSource: Daily Trust
•Yesterday

When will Northern Nigeria wake up ?

Quick Read: We must also actively educate the younger generation about the historical brotherhood between the Hausa and Fulani. It is a cycle defined not by a lack of intelligence or resilience, but by a chronic, almost fatal, delay in reaction.

Business
BSource: BusinessDay Nigeria
•Yesterday

Yuletide: Travellers face 200% airfare hike as ticket demand surges

Quick Read: Travelers heading to the South-East for the Yuletide season are facing a 200% hike in airfares. The surge is attributed to an intense increase in demand for flights during the holiday period.

Business
BSource: BusinessDay Nigeria
•Yesterday

Manufacturers face fresh squeeze on rising diesel prices

Quick Read: Nigerian manufacturers are grappling with increased energy expenses following a price hike by the Dangote Petroleum Refinery. The refinery has raised its gantry price for diesel to N1,840, placing additional financial pressure on the manufacturing sector.

Business
PSource: Punch Newspaper
•Yesterday

Creators to compete for contracts paying N200,000 monthly

Quick Read: The Delta Creators and Influencers Hangout (DCIH 2.0) is set to connect Delta State creatives with businesses through a pitch competition. Selected participants will be eligible for two-month contracts paying between N150,000 and N200,000 monthly.

Business
PSource: Punch Newspaper
•Yesterday

NMDPRA gas code to widen pipeline access for shippers

Quick Read: The NMDPRA has introduced the second revision of the Nigerian Gas Transportation Network Code to streamline operations for gas shippers and transporters. This regulatory update is intended to optimize the use of shared pipeline infrastructure, reduce technical losses, and prepare the sector for increased capacity.

Business
PSource: Punch Newspaper
•Yesterday

NPA partners Antwerp-Bruges on port benchmarking

Quick Read: The Nigerian Ports Authority (NPA) has established a benchmarking framework with the Port of Antwerp-Bruges to enhance port performance. NPA Managing Director Dr. Abubakar Dantsoho is now leading efforts to scale these digital and operational standards across West and Central African ports.