Author: Business Nexus

Nigeria’s Inflation Falls to 18.02% in September, Driven by Lower Food Prices   … Dips Below 20% First Time in 3 Years   …Experts Nigeria’s Disinflation Trend, Calls for Policies to Tackle Persistent Cost Pressures

  Nigeria’s headline inflation rate eased to 18.02 per cent in September 2025, marking a significant moderation from 20.12 per cent recorded in August, according to the latest data from the National Bureau of Statistics (NBS).     The drop represents a 2.1 per cent month-on-month decline and the first […]

Vertiv Partners Airtel Africa to Build 42MW Data Centre in Nigeria

    Vertiv, a provider of critical digital infrastructure and continuity solutions, has announced an extended collaboration with Airtel Africa through its data centre division, Nxtra, to build a 42-megawatt (MW) high-capacity data centre in Nigeria, a project that marks the first phase of Nxtra’s broader expansion across Africa.   […]

SEC Launches Revised University Curriculum on Securities, Investment Management …Says Financial Literacy Now a Survival Skill

  The Securities and Exchange Commission (SEC) has unveiled the reviewed National Universities Commission (NUC) curriculum on Securities and Investment Management (SIM), describing financial literacy as a vital life skill and a survival tool in today’s rapidly evolving economy.   Speaking at the formal handover of the revised curriculum in […]

Oil Theft, Sabotage Cost Nigeria $3.3bn in Two Years — NEITI …Agency Urges Open Data, Stronger Institutions as ₦1.5trn Still Owed to Federation

Nigeria lost about 13.5 million barrels of crude oil valued at $3.3bn to theft and pipeline vandalism between 2023 and 2024, according to the Nigeria Extractive Industries Transparency Initiative (NEITI). The agency described the losses as a major blow to public revenue, stressing that the amount could have funded a […]

AfDB to Lend Nigeria $500m in Fresh Budget Support … Cites Tinubu’s Economic Reforms as Key Driver

  The African Development Bank (AfDB) has announced plans to extend a $500m loan to Nigeria this year as part of a $1bn budget support programme, citing the country’s ongoing economic reforms under President Bola Tinubu as a major factor driving its decision.   Executive Director representing Nigeria and São […]

PENGASSAN Warns of Possible Escalation if Dangote Fails to Honour Agreements …Says Will Use “Every Instrument” to Defend Members

    The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that it will not hesitate to escalate actions if Dangote Refinery fails to honour commitments reached with the Federal Government in resolving recent disputes over the termination of workers.   The union, which suspended its […]

PENGASSAN Strike: Economist Warns of Investor Concerns, Urges Attention to Low-Income Oil Workers

  An economist, Kelvin Emmanuel, has criticised the ongoing strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), warning that the industrial dispute with the Dangote Refinery could undermine investor confidence in Nigeria. He also called on labour unions to shift greater focus toward the plight […]

Afreximbank, LCCI Partner to Empower Nigerian SMEs Through AfCFTA Opportunities

African Export-Import Bank (Afreximbank) and the Lagos Chamber of Commerce and Industry (LCCI) have strengthened partnership to boost the participation of Nigerian small and medium-sized enterprises (SMEs) in intra-African trade, underscoring the country’s drive to harness the benefits of the African Continental Free Trade Area (AfCFTA). The partnership, which supported […]