Nigeria Seeks $7.1 Billion Investment for Sugar Self-Sufficiency
The Nigerian Sugar Council has called for an investment of $7.1 billion to achieve sugar self-sufficiency in the country, according to multiple reports.
Economy
Ondo, PyVee Ink $362m Deal for Nigeria’s First Titanium Processing Plant
The Guardian Nigeria News reports that Ondo State and PyVee have signed a $362m deal to construct Nigeria's first titanium processing plant.
Nigeria’s Diesel Price Soars to Highest Worldwide, up 82.7% – UNCTAD
According to UNCTAD, Nigeria's diesel price has surged by 82.7%, making it the costliest in the world.
Oyedele: Nigeria Unable to Meet Dangote Refinery’s 700,000 bpd Crude Needs – TheCable
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has stated that Nigeria cannot meet the crude needs of Dangote refinery.
Nigeria’s First Policy Cuts Cost of Locally Assembled Vehicles to N35 Million
The implementation of Nigeria's First Policy has significantly reduced the cost of locally assembled vehicles, as reported by the News Agency of Nigeria.
FG Negotiates ₦1,350 Petrol Price Ceiling Amid Global Oil Shock
The Federal Government is in negotiations to set a ₦1,350 ceiling on the price of petrol amid rising global oil prices.
Nigeria Aims for Temporary Petrol Price Reduction to Alleviate Cost-of-Living Crisis
The Nigerian government is considering a temporary reduction in petrol prices to help alleviate the cost-of-living crisis, according to Businessday NG.
Federal Government Announces 30-Day Discount on Petrol Sold by NNPC
The Federal Government has announced a 30-day discount on petrol sold by the Nigerian National Petroleum Company Limited (NNPCL).
Ardova-led Consortium Driving Revolution in Nigeria’s CNG Market
An Ardova-led consortium is set to drive a new era in Nigeria's CNG market, as reported by Nigeria Business and THISDAYLIVE.
Nigeria Courts Spanish Investment to Boost its Blue Economy
In a bid to boost the nation's blue economy, Nigeria is actively seeking Spanish investment at the CONXEMAR 2026 event.
Electricity Discos Generate N603bn Revenue in Q2 amid Subsidy Debt Over N321bn for Federal Government
The 11 electricity distribution companies (Discos) generated a total revenue of N603.64 billion in Q2, while the federal government incurred over N321bn subsidy debt.
Investing in Women Key to Nigeria’s Economic Growth – World Bank
According to Business News Nigeria, the World Bank has emphasized the importance of investing in women for Nigeria's economic growth.
Nigerian Ports Authority’s Export Reforms Aimed at Enhancing Foreign Exchange Inflow
The Nigerian Ports Authority (NPA) is working to eliminate bottlenecks hindering non-oil exports, with the aim of boosting foreign exchange inflows.
Dangote Emphasizes Domestic Production for Economic Resilience
Nigerian business magnate, Aliko Dangote, has advocated for increased domestic production as a key strategy for economic resilience.
Petroleum Marketers Back Nigerian Government’s Push for Increased Gas Supply to Industries
The Petroleum Marketing Association of Nigeria has thrown its support behind the federal government's plan to channel more natural gas to the industrial sector, according to reports.