Business and economic news
Federal Government officials say talks with a preferred Chinese investor are advancing on a $2 billion production-sharing deal to revive Ajaokuta, restore steel output, and narrow Nigeria’s trade gap with China.
NECA and the Financial Reporting Council of Nigeria agreed in Lagos to establish a joint technical committee to improve corporate reporting standards, sustainability readiness, and private sector engagement.
Godmade Homes said its Series 1 commercial paper under a N10bn programme closed at N3.70bn after a 123 per cent subscription, with proceeds earmarked for project completion and general corporate use.
Passengers heading to local flights at Lagos airport faced hours of gridlock on Sunday as network failures slowed a new cashless toll system, forcing many to miss departures.
EmPLE said its #ProtectionAsLove campaign shifted Valentine messaging from gifts to long-term planning, with two couples selected for premium experiences after sharing stories of commitment.
MDGIF commissioned a CNG refuelling station at Obafemi Awolowo University and said it is supporting 20 similar projects in federal universities to expand cleaner transport and domestic gas use.
Women in Energy Network praised NEXIM’s intervention fund but said stronger contract pipelines are needed for women-led firms to fully access available financing in Nigeria’s oil and gas value chain.
Niger State Governor Mohammed Umar Bago says households and businesses should adopt alternative energy options, stating the state cannot guarantee reliable grid electricity and has moved key public institutions off the national grid.
RCCG Lagos Province 20 will host its 2026 Economic Summit in Lekki on March 21, bringing together Bismarck Rewane and other experts to discuss wealth creation, SME growth and tax policy.
Australian High Commissioner Leilani Bin-Juda urged stronger support for Nigerian artisanal women miners during a visit to NIWIMNRO in Abuja, citing harsh field conditions and the need for measurable impact data.
ECOWAS warned that prolonged Gulf hostilities could raise fuel and food costs, weaken currencies and disrupt supply chains across West Africa, urging restraint and diplomacy to avoid wider economic shocks.
Jobberman Nigeria has asked employers to adopt inclusive hiring practices and improve workplace performance systems, after the Lagos edition of its HR Fusion programme organised with the Mastercard Foundation...
