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

Business Stories

Business
BSource: BusinessDay Opinions
•2 days ago

Nigeria’s debt is the new oil curse: A crisis of leadership!

Quick Read: The article examines the transition of Nigeria's economic landscape, highlighting the shift from oil-driven prosperity to a debt-burdened state. It identifies leadership failures as the primary catalyst for this economic downturn.

Business
NSource: Nairametrics
•2 days ago

GTCO’s non-bank subsidiaries grow nine-month profit by 70% to N23.9 billion

Quick Read: GTCO’s non-banking subsidiaries reported a strong performance for the nine months ended September 30, 2026, with a 70% increase in combined pre-tax profit. This growth was largely propelled by significant gains in the payments and fund management divisions.

Business
NSource: Nairametrics
•2 days ago

Dangote Cement’s 9M pre-tax profit jumps 41.5% to N1.47 trillion as finance costs fall 58%

Quick Read: Dangote Cement Plc achieved significant financial growth in the first nine months of 2026, with pre-tax profits rising to N1.47 trillion. This performance was primarily bolstered by a sharp reduction in finance costs, which offset rising operational expenses and tax obligations.

Business
PSource: Premium Times
•2 days ago

CBD COP17: Nigeria urges developed countries to fulfil $30bn annual biodiversity funding pledge

Quick Read: At the CBD COP17 in Yerevan, Nigeria’s Minister of Environment, Balarebe Lawal, called on developed nations to fulfill financial commitments of $20 billion by 2025 and $30 billion by 2030. Nigeria emphasized its own commitment to the Kunming–Montreal Global Biodiversity Framework through its newly validated 2025–2030 national strategy.

Business
TSource: The Guardian Nigeria
•2 days ago

BerbieBeauty outlines medium-term growth plans, targets wider markets - The Guardian Nigeria News

Quick Read: BerbieBeauty has unveiled a medium-term growth strategy aimed at scaling its operations. The company intends to leverage this plan to penetrate and capture wider market segments.

Business
TSource: The Guardian Nigeria
•2 days ago

Firm rejigs operations, inaugurates board of directors - The Guardian Nigeria News

Quick Read: The firm has undertaken a strategic reorganization of its operations. As part of this transition, a new board of directors has been formally inaugurated.

Business
BSource: BusinessDay Opinions
•2 days ago

Beyond diesel: Choosing the right energy for West African ports

Quick Read: West African ports are currently characterized by a heavy reliance on diesel-powered machinery to facilitate essential logistics operations. This dependency is central to the movement of containers and the overall flow of cargo within the region.

Business
PSource: Premium Times Opinions
•2 days ago

A guide to IFRS S1 and S2 sustainability implementation (4), By Innocent Okwuosa

Quick Read: The article outlines a proposal for the Financial Reporting Council (FRC) to enhance the Sustainability Reporting Guideline (SRG Two). It advocates for the mandatory submission of a Sustainability Practices Framework to ensure entities clearly define their sustainability strategies.

Business
TSource: The Guardian Nigeria
•2 days ago

International Report: Impunity for Sudanese Military Leaders in chemical attacks threatens the Global ban - The Guardian Nigeria News

Quick Read: An international report has identified that Sudanese military leaders are engaging in chemical attacks without facing accountability. This lack of consequences is cited as a direct threat to the integrity of the global ban on chemical weapons.

Business
TSource: The Guardian Nigeria
•2 days ago

International Report: Impunity for Sudanese military leaders as chemical attacks threatens Global ban - The Guardian Nigeria News

Quick Read: An international report has brought attention to the lack of accountability for Sudanese military leaders amidst the ongoing conflict. The document specifically warns that the use of chemical attacks in the region is undermining the global prohibition of such weaponry.

Business
TSource: The Guardian Nigeria
•2 days ago

Africa targets local jobs, industries in renewable energy transition - The Guardian Nigeria News

Quick Read: African nations are strategically aligning their renewable energy transition with domestic industrialization goals. This approach seeks to ensure that the shift to green energy directly contributes to local job creation and economic development.

Business
TSource: The Guardian Nigeria
•2 days ago

Dangote Refinery IPO hits $1.6b, attracts investors from 119 countries - The Guardian Nigeria News

Quick Read: The Dangote Refinery has successfully secured $1.6 billion through its Initial Public Offering. This financial milestone reflects a broad international interest, with participation recorded from 119 countries.

Business
TSource: The Guardian Nigeria
•2 days ago

Witness says proceeds of NG Eagle’s sale in AMCON’s CBN account - The Guardian Nigeria News

Quick Read: A witness has officially testified that the funds generated from the sale of NG Eagle are currently being held within an AMCON account at the Central Bank of Nigeria. This disclosure provides clarity on the financial status of the transaction proceeds.

Business
TSource: The Guardian Nigeria
•2 days ago

Two die in knife fight over money-sharing - The Guardian Nigeria News

Quick Read: A violent confrontation involving a knife fight resulted in the deaths of two people. The incident was reportedly sparked by a dispute over the sharing of money.

Business
TSource: The Guardian Nigeria
•2 days ago

Oshobukola receives anti-land grabbing award - The Guardian Nigeria News

Quick Read: Oshobukola has been honored with an anti-land grabbing award. This recognition was documented by The Guardian Nigeria News.

Business
TSource: The Guardian Nigeria
•2 days ago

Market fires: Traders seek emergency fund, insurance, stronger safety measures - The Guardian Nigeria News

Quick Read: Market traders are calling for urgent government and institutional intervention to address the recurring threat of market fires. The proposed solutions include the creation of emergency funds and the integration of insurance policies to safeguard businesses.

Business
TSource: The Guardian Nigeria
•2 days ago

UNAIDS board rejects plan to phase out HIV programme - The Guardian Nigeria News

Quick Read: The UNAIDS board has formally rejected a proposal aimed at phasing out its HIV programme. This decision maintains the status quo for the organization's ongoing HIV-related initiatives.

Business
TSource: The Guardian Nigeria
•2 days ago

663 Lagos retirees secure N1.04 billion in retirement bonds - The Guardian Nigeria News

Quick Read: The Lagos State Government has successfully disbursed N1.04 billion in retirement bonds to 663 retirees. This action underscores the state's ongoing efforts to settle pension liabilities for its retired workforce.

Business
TSource: The Guardian Nigeria
•2 days ago

FG’s $21.7 billion loan request sparks borrowing, debt servicing concerns - The Guardian Nigeria News

Quick Read: The Federal Government of Nigeria has submitted a request for a $21.7 billion loan. This move has prompted widespread concern among stakeholders regarding the implications for national debt and the country's capacity to service such obligations.

Business
TSource: The Guardian Nigeria
•2 days ago

Cartoon - The Guardian Nigeria News

Quick Read: The provided text serves as a placeholder for a cartoon feature within The Guardian Nigeria News. It contains no narrative, data, or specific news developments.

Business
TSource: The Guardian Nigeria
•2 days ago

From aviation to EdTech: How Examtice aims to change exam preparation in Nigeria - The Guardian Nigeria News

Quick Read: Examtice is undergoing a strategic business pivot, transitioning its operations from the aviation sector to the EdTech industry. The company intends to leverage this shift to enhance exam preparation resources for students across Nigeria.

Business
TSource: The Guardian Nigeria
•2 days ago

Court overturns Delta’s 5% consumption tax law - The Guardian Nigeria News

Quick Read: A court has officially overturned the 5% consumption tax law previously enacted in Delta State. This judicial decision invalidates the tax, impacting how consumption-based levies are applied within the state.

Business
TSource: The Guardian Nigeria
•2 days ago

WIEN, KPMG to launch energy sector inclusion benchmark - The Guardian Nigeria News

Quick Read: The Women in Energy Network (WIEN) has partnered with KPMG to develop a new benchmark for inclusion in the Nigerian energy sector. This initiative is designed to assess and improve diversity standards within energy-related organizations.

Business
TSource: The Guardian Nigeria
•2 days ago

Nigeria to step up arms production, defence capacity - The Guardian Nigeria News

Quick Read: The Nigerian government has declared a strategic move to bolster its national security through increased domestic arms production. This initiative is designed to enhance the country's defence capacity and reduce reliance on external sources.