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

Business Stories

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.

Business
PSource: Punch Newspaper
•Yesterday

Terminal urges timely cargo clearance to cut port costs

Quick Read: Festus Mbisiogu, Chairman of Blue Diamond Logistics China, emphasized that efficient cargo clearance is vital for reducing costs and demurrage for Nigerian importers. Speaking at the company's 20th-anniversary event, he highlighted the role of digital innovation in overcoming historical port delays.

Business
PSource: Punch Newspaper
•Yesterday

Court rejects Delta’s 5% consumption tax on VAT transactions

Quick Read: The Federal High Court has nullified specific provisions of Delta State's 2017 consumption tax law, ruling that it improperly overlaps with the federal Value Added Tax (VAT) regime. Justice Peter Lifu issued a perpetual injunction against state authorities, affirming that federal law takes precedence over inconsistent state legislation.

Business
PSource: Punch Newspaper
•Yesterday

Keeping Oyo’s sugar dream alive

Quick Read: The Iseyin sugar factory, a project led by Chief Olusola Adepoju, has been successfully revived from the brink of abandonment through critical financial and institutional support from the Oyo State Government. The facility has now completed test-running and is poised for commercial production, marking a significant milestone for agro-industrial development in the state.

Business
PSource: Punch Newspaper
•Yesterday

LCCI seeks incentives to drive clean energy adoption

Quick Read: The Lagos Chamber of Commerce and Industry (LCCI) has formally requested that the Federal Government provide tax incentives, reduced import duties, and affordable financing to assist SMEs in adopting clean energy. This initiative aims to mitigate the negative impact of high energy costs on business productivity and survival.

Business
PSource: Punch Newspaper
•Yesterday

Nigeria may miss 3mbpd oil production target — PETAN

Quick Read: The Petroleum Technology Association of Nigeria (PETAN) has cautioned that Nigeria is unlikely to meet its 3mbpd oil production target by 2030 without addressing critical infrastructure and funding deficits. Chairman Wole Ogunsanya highlighted that the country lacks the necessary wells, pipelines, and surface equipment to support the combined needs of domestic refineries and export quotas.

Business
PSource: Punch Newspaper
•Yesterday

Apapa access road overloaded with 7,000 trucks daily – NPA

Quick Read: The Nigerian Ports Authority (NPA) is addressing severe infrastructure strain at the Apapa access road, where truck volume is nearly triple the design capacity. Managing Director Dr. Abubakar Dantsoho emphasized that digital reforms and regional cooperation are essential to managing this congestion and improving port efficiency.

Business
PSource: Punch Newspaper
•Yesterday

Terrorism now driven by economic interests, not ideology – FG

Quick Read: The Federal Government, through the National Counter-Terrorism Centre, has shifted its strategic assessment of Nigerian terrorism, characterizing it as 'economic terrorism.' Officials argue that resolving the crisis requires a hybrid approach involving both military operations and non-kinetic societal interventions.

Business
PSource: Punch Newspaper
•Yesterday

Audited, queried, forgotten: Nigeria’s billion-naira audit circus

Quick Read: Nigeria’s public audit system is failing to ensure financial accountability due to extreme reporting delays and a lack of enforcement. Despite repeated findings of massive financial irregularities within key agencies, the system fails to recover missing funds or sanction responsible parties.

Business
PSource: Punch Newspaper
•Yesterday

Lilypond Customs processes $752m exports in Q3

Quick Read: The Lilypond Export Command reported a strong Q3 2026 performance with total exports reaching $752 million, a 22.14% year-on-year increase. This growth was largely fueled by a surge in manufactured goods, offsetting declines in the agricultural and solid mineral sectors.

Business
PSource: Premium Times
•Yesterday

Nigeria renews 2030 gas flaring pledge despite enforcement, methane monitoring gaps

Quick Read: The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has renewed Nigeria's pledge to end routine gas flaring by 2030. However, the commitment faces significant scrutiny due to documented evidence of continued flaring and systemic gaps in regulatory oversight and emissions reporting.

Business
LSource: Linda Ikeji's Blog
•Yesterday

“Your husband s money is not your money” – Nigerian lady speaks on financial independence in marriage

Quick Read: A Nigerian woman has sparked discussion by asserting that marriage does not entitle a wife to her husband's wealth. She advocates for financial independence, warning that women should not assume ownership of their spouse's assets in the event of a marital breakdown.

Business
TSource: The Guardian Nigeria
•Yesterday

Nigeria begins 2027 budget process, targets submission before year-end - The Guardian Nigeria News

Quick Read: The Nigerian government has officially launched the budgetary process for the 2027 fiscal year. The administration is prioritizing an early start to ensure the budget proposal is ready for submission before the conclusion of the current year.

Business
TSource: The Guardian Nigeria
•Yesterday

Renewed Hope Agenda Archives - The Guardian Nigeria News

Quick Read: The provided text serves as an empty archive placeholder for the 'Renewed Hope Agenda' on The Guardian Nigeria News website. It contains no news, policy updates, or actionable information.

Business
PSource: Premium Times
•Yesterday

Central Bank Highlights Monetary Policy Outlook for Q3

Quick Read: The Central Bank of Nigeria has released its monetary policy outlook for the third quarter. The report highlights that key economic indicators are reflecting a trend of steady stabilization within the foreign exchange markets.

Business
NSource: Nairametrics
•Yesterday

NGX stocks shed N718.95 billion in midweek bearish run as ASI dips 1,107 points

Quick Read: The Nigerian equities market suffered a significant downturn on October 28, 2026, erasing N718.95 billion in market value. The bearish trend was characterized by a 0.44% decline in both the All-Share Index and total market capitalization.

Business
TSource: The Guardian Nigeria
•Yesterday

Latest news today on ADC - The Guardian Nigeria News

Quick Read: The provided source text contains no information regarding ADC beyond the title and category. Consequently, no news developments or business decisions can be summarized.

Business
PSource: Premium Times
•Yesterday

Fidelity Bank Plc redeems $400m eurobond at maturity

Quick Read: Fidelity Bank Plc has successfully fulfilled its financial obligation by redeeming its $400 million Senior Unsecured Notes at maturity. This action highlights the bank's disciplined liquidity management and its ability to meet international debt commitments using internally generated funds.

Business
NSource: Nairametrics
•Yesterday

Botswana seeks Dangote supply deal to shield against fuel shocks

Quick Read: Botswana is pursuing strategic fuel supply agreements with the Dangote Refinery and other African nations to bolster its energy security. This move is a direct response to global supply chain vulnerabilities exacerbated by the Iran war, which have threatened the landlocked nation's fuel imports.