Daily Business Reporter

NACCIMA Summit Calls for Urgent Reforms to Close Nigeria’s Skills Gap

Corporate, Life & Work /

  Stakeholders at the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture Technical and Vocational Education and Training (TVET) Summit have called for urgent reforms to address Nigeria’s widening skills gap, warning that the mismatch between workforce capabilities and industry needs could hinder the country’s ambition of building a $1 trillion economy. Participants […]

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Nigeria’s infrastructure spending projected to hit $40b in 2050

Economy /

Nigeria’s annual infrastructure spending is projected to grow by 77 percent to $40 billion by 2050, reinforcing its position as Africa’s largest infrastructure market and placing it 23rd globally, according to a new report by PwC. The projections are contained in PwC’s Global Infrastructure Outlook, which also estimates that Nigeria’s investment in the power sector

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Flutterwave, ASIF Partner to Boost Youth Entrepreneurship, Financial Inclusion

Economy /

Flutterwave, ASIF Partner to Boost Youth Entrepreneurship, Financial Inclusion Flutterwave and Activate Success International Foundation have announced a strategic partnership aimed at advancing youth entrepreneurship, digital financial inclusion, and enterprise development across Nigeria. The collaboration is anchored on the 2026 edition of the Youth Entrepreneurship and Empowerment Programme (YEEP), bringing together both organisations in a

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Telecom firms raise alarm over ₦400bn market disruption, demand swift regulation

News /

The Association of Licensed Telecoms Operators of Nigeria has called for the immediate resolution of the ongoing regulatory dispute affecting Nigeria’s airtime credit market, warning that prolonged disruption could undermine consumer welfare, investor confidence, and the country’s regulatory credibility. Speaking on behalf of the association, ALTON Chairman, Gbenga Adebayo, said the situation requires urgent intervention

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Nigeria to Receive €33m as EU Unveils €235m Humanitarian Package

Economy /

Nigeria is set to receive €33 million from a €235 million humanitarian assistance package announced by the European Commission to support vulnerable populations across West and Central Africa. The funding was disclosed in a statement issued by the Press and Information Officer of the EU Delegation to Nigeria and ECOWAS, Modestus Chukwulaka, who said the

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Investor Confidence Surges as Polysmart Secures N13bn After $60m Expansion

Economy /

Polysmart Packaging Group has recorded a strong wave of investor confidence following its recent $60 million expansion, further cementing its position within Nigeria’s growing green economy. The expansion, which established the company as the operator of one of the largest and most advanced recycling plants in West Africa, has been followed by a major financing

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Transcorp Power Declares ₦41.2bn Dividend on Strong 2025 Performance

Economy /

Transcorp Power Plc has announced a total dividend payout of ₦41.2 billion to shareholders following a strong financial performance for the 2025 financial year. The declaration was approved at the company’s 13th Annual General Meeting (AGM) held at the Congress Hall of Transcorp Hilton Abuja, where shareholders also endorsed the audited financial statements for the

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Coalition Hails Revenue Growth, Links Gains to Fiscal Reforms

Uncategorized /

A coalition of civic and economic advocacy groups has commended recent increases in government revenue, attributing the gains to ongoing fiscal reforms and improvements in tax administration. In a statement issued on Thursday, the Coalition for Fiscal Justice, Economic Renewal and Public Accountability said the upward trend signals a potential shift in Nigeria’s public finance

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Lagos Tops Nigeria’s Debt Chart as Total Public Debt Rises to N159.28trn – NBS

Economy /

Lagos State has emerged as the most indebted state in Nigeria, with a combined domestic and external debt profile of N1.22 trillion and $1.17 billion respectively as of the fourth quarter (Q4) 2025. This was disclosed by the National Bureau of Statistics (NBS) in its latest report on Nigeria’s domestic and external debt for Q4

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