Business

By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has stated that the latest inflation data released by the National Bureau of Statistics (NBS) indicates a temporary easing of inflationary momentum, not yet a convergence toward a low and stable inflation regime. Recall that NBS, on Monday, reported that Nigeria’s headline inflation rate dropped to […]

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By Yinka Kolawole A recent survey has revealed that 54 percent of businesses in Nigeria remained unregistered in 2025 indicating a modest rebound in business formalization after years of decline. The report on the 2025 State of Entrepreneurship Survey conducted by FATE Foundation shows that 46 per cent of Nigerian entrepreneurs operated formally registered businesses in 2025, […]

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…Egbin, Azura, Sapele, Transcorp plants affected By Obas Esiedesa Electricity generation across the country is expected to dip temporarily as scheduled maintenance on a major gas facility will curtail supply to several thermal power plants. The Nigerian National Petroleum Company Limited (NNPC Ltd) on Thursday announced that Seplat Energy Plc, a joint venture partner and key supplier […]

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By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has slammed a N10 million fine and withdrawal of cheques on commercial banks using unaccredited cheque printers/personaliser. The apex bank disclosed this in its revised sanctions regime on defaulters of the Nigeria Cheque Standard and Nigeria Cheque Printers’ Accreditation Scheme (NICPAS). Among other things, CBN said: […]

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By Udeme Akpan Electricity Distribution Companies, DisCos, have requested their corporate customers to provide identification details as part of conditions for electricity supply to them, citing the provisions of the new tax regime. Already, the Ikeja Electric Distribution Company (IKEDC) has written its corporate customers to provide these details on or before February 20 to avoid […]

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By Peter Egwuatu  The stock market sustained a positive trend Week on Week, W/W, as investors gained over N4.08 trillion in 5 trading days last week. Specifically, the Nigerian Exchange Limited, NGX, market capitalisation, which represents the total value of listed equities, rose to N110.234 trillion from N106.153 trillion in the penultimate week. Similarly, another stock […]

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