Business
$1trn economy: NACCIMA woos Chinese investors to boost industrialisation
By Yinka Kolawole The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has announced the third edition of its Business and Investment Forum in Guangzhou, China, as part
New tax law yet to end multiple levies — MAN
The Manufacturers Association of Nigeria (MAN) has said manufacturers are yet to enjoy relief from multiple taxes and levies despite the enactment of the Nigeria Tax Act 2025. The association disclosed
Nigeria’s FDI jumps 148% despite Africa’s investment decline
By Yinka Kolawole Nigeria emerged as one of Africa’s strongest foreign investment performers in 2025, recording a 148 per cent increase in Foreign Direct Investment (FDI) inflows despite a sharp decline
Nigerians are increasingly borrowing to build houses — CBN
·Other lendings rise, lenders report low default rates By Elizabeth Adegbesan Credit for house purchase by households increased to 9.6 index points in the second quarter of 2026 (Q2’26), indicating that
SEC launches campaign to recover unclaimed dividends, inherited assets
By Obas Esiedesa The Securities and Exchange Commission (SEC) has launched a nationwide campaign to help investors and beneficiaries recover unclaimed dividends and inherited investments, as part of efforts to strengthen
Nigerian Breweries’ revenue up 9% to N804 bn
… restores retained earnings to positive By Peter Egwuatu Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced a strong performance for the first half of the 2026, recording a group
Truck owners seek refunds over cancelled E-Call-Up bookings
By Godwin Oritse The Association of Maritime Truck Owners (AMATO) has demanded an urgent review of the Electronic Call-Up (ETO) system following recurring cancellations of paid truck bookings, describing the practice
Economic activities expand second straight month despite industry contraction — CBN
By Elizabeth Adegbesan Economic activity in Nigeria expanded for the second consecutive month in July 2026 as the Central Bank of Nigeria (CBN) Purchasing Managers’ Index (PMI) rose to 51.1 points,
Stock market extends rally as investors position for earnings season
By Peter Egwuatu The Nigerian stock market has sustained its positive momentum on Week-on-Week, WoW, as renewed buying interest in blue-chip stocks outweighed widespread profit-taking across the broader market. The benchmark,
Fixed-income Market Records N8.84trn Trades in One Week as OMO Bills Dominate
Nume Ekeghe Trading activity in Nigeria’s fixed-income market rose to N8.84 trillion in face value during the week ended August 7, 2026, with Open Market Operations (OMO) bills accounting for
