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# Business A.M
## Posts
- [Sahara Group boosts environmental sustainability, economic empowerment with recycling hub](https://businessamlive.com/sahara-group-boosts-environmental-sustainability-economic-empowerment-with-recycling-hub/): Sahara Group Foundation, the corporate social impact arm of Sahara Group, has commissioned its 16th Sahara Go-Recycling Hub in Lekki, Lagos State, reaffirming its commitment to sustainable waste management, environmental protection, and community empowerment.
- [The burden of a virus](https://businessamlive.com/the-burden-of-a-virus/): By Godwin Nnanna, Special Correspondent, in New York
- [States generate N986.2 billion IGR in 9-month, rise by 16.8%](https://businessamlive.com/states-generate-n986-2-billion-igr-in-9-month-rise-by-16-8/): States in Nigeria generated the total sum of N986.2 billion Internally Generated Revenue (IGR) between January and September 2019. The latest IGR data released by the National Bureau of Statistics (NBS) disclosed.
- [Nigeria Daily Street Market Exchange Rate (December 20th 2019)](https://businessamlive.com/nigeria-daily-parallel-market-exchange-rate-december-13th-2019/): This is a daily compilation of the price of the Naira against three major currencies in the world; USD, GBP and EUR with the tracker dated back to 20th December 2019. The volatility in the street markets seems to be minimum in the last 24 hours.
- [Nigeria’s airline boom creates new opportunities across aviation value chain](https://businessamlive.com/nigerias-airline-boom-creates-new-opportunities-across-aviation-value-chain/): Nigeria recorded the fastest growth in scheduled airline capacity among Africa's largest aviation markets in July, as domestic airlines expanded fleets, increased frequencies and added more seats to meet rising passenger demand, according to the latest African Aviation Market report released by OAG.
- [Nigeria courts global aircraft makers to unlock airline financing ](https://businessamlive.com/nigeria-courts-global-aircraft-makers-to-unlock-airline-financing/): Nigeria is expanding partnerships with global aircraft manufacturers and financiers as part of efforts to improve access to aircraft financing, strengthen maintenance capacity and support the expansion of domestic airlines.
- [Chapman Freeborn positions ACMI at centre of African aviation growth ](https://businessamlive.com/chapman-freeborn-positions-acmi-at-centre-of-african-aviation-growth/): The latest example comes from Zimbabwe, where Air Zimbabwe is preparing to resume direct scheduled flights between Harare and London after a 14-year absence; not by purchasing a new widebody aircraft, but by securing one through a long-term ACMI arrangement facilitated by global aviation specialist Chapman Freeborn.
- [SEC seeks to reopen foreign capital pipeline through frontier market return ](https://businessamlive.com/sec-seeks-to-reopen-foreign-capital-pipeline-through-frontier-market-return/): Policy consistency has emerged as the decisive factor in Nigeria's bid to regain Frontier Market status, with the Securities and Exchange Commission (SEC) warning that global index providers will judge the country not by the reforms it announces, but by its ability to implement them consistently over time. 
- [International Breweries plots dividend return with N191bn balance sheet reset ](https://businessamlive.com/international-breweries-plots-dividend-return-with-n191bn-balance-sheet-reset/): International Breweries Plc is moving to reset its capital structure after years of accumulated losses, unveiling a restructuring plan designed to eliminate its negative retained earnings, restore its ability to pay dividends and return excess capital to shareholders.
- [Nigeria’s $600m palm oil import bill reveals a bigger investment opportunity](https://businessamlive.com/nigerias-600m-palm-oil-import-bill-reveals-a-bigger-investment-opportunity/): Nigeria's palm oil industry is simultaneously one of the country's biggest agribusiness success stories and one of its most persistent policy failures. Strong demand has pushed listed producers to record earnings, yet the economy continues to lose between $500 million and $600 million annually on crude palm oil imports because domestic production cannot keep pace with consumption.
- [Unpaid ticket levies threaten funding for Nigeria’s aviation agencies](https://businessamlive.com/unpaid-ticket-levies-threaten-funding-for-nigerias-aviation-agencies/): Aviation workers' unions have given domestic airlines 14 days to remit outstanding five per cent Ticket Sales Charges (TSC) collected from passengers, warning that continued non-remittance could further strain the finances of aviation agencies responsible for safety oversight and air navigation services.
- [Boeing expands Nigeria footprint beyond aircraft deliveries](https://businessamlive.com/boeing-expands-nigeria-footprint-beyond-aircraft-deliveries/): This is becoming more visible in Nigeria following Boeing's advanced technical training programme for local airline engineers in Lagos, an initiative that forms part of the company's broader effort to expand its presence in one of Africa's largest aviation markets.
- [IMF sees Nigeria weathering global uncertainty on reform gains](https://businessamlive.com/imf-sees-nigeria-weathering-global-uncertainty-on-reform-gains/): Nigeria is expected to remain one of Sub-Saharan Africa's stronger-performing economies despite escalating geopolitical tensions and a weakening global economy, with the International Monetary Fund (IMF) maintaining its growth forecasts on the back of ongoing macroeconomic reforms.
- [Climate change puts Nigerian banks’ asset quality at risk — Fitch ](https://businessamlive.com/climate-change-puts-nigerian-banks-asset-quality-at-risk-fitch/): Nigerian banks face mounting long-term risks to their loan portfolios as climate change and the global transition away from fossil fuels threaten the profitability of key borrowing sectors, according to a new report by Fitch Ratings.
- [AI, alternative data, key to unlocking Nigeria’s credit market, says Mathesis CEO](https://businessamlive.com/ai-alternative-data-key-to-unlocking-nigerias-credit-market-says-mathesis-ceo/): "The average Nigerian borrower is widely considered high-risk – a claim repeated in credit committees, priced into retail loans, and largely treated as settled fact. High-risk does not mean no credit – it simply requires that the lender embrace alternative datasets to price the risk appropriately," he stated.
- [How Safe Are Today’s Blockbuster Tech Stocks?](https://businessamlive.com/how-safe-are-todays-blockbuster-tech-stocks/): DARTMOUTH, UK—Questions about the financial implications of radical new technologies—AI, space travel, and their associated infrastructures, to pick a few—have led to a veritable analogy-fest. Is this a replay of the railway boom of the 1870s, which came to grief in the 1880s? A repeat of the electrification boom of the 1890s, which unfolded smoothly but took three decades to play out?
- [There Is Only One Acceptable Path for Designer Babies](https://businessamlive.com/there-is-only-one-acceptable-path-for-designer-babies/): BOSTON—Designer babies who are genetically engineered for desirable health, physical, and intellectual features are now within reach using existing technologies, a prospect that raises far-reaching societal and ethical questions not unlike those associated with advances in AI. One difference, though, is that the institutions needed to open an ethical path for gene editing—by treating the technology as a public-health measure that should be available to everyone—may be easier to conceive than in the case of AI.
- [Cooperatives, growth and economic impact in Nigeria](https://businessamlive.com/cooperatives-growth-and-economic-impact-in-nigeria/): Cooperative societies have become one of the most enduring instruments for economic empowerment and grassroots development in Nigeria. Built on the principles of self-help, mutual assistance, democratic control and shared ownership, cooperatives enable individuals with common economic and social interests to pool resources for their collective benefit. In a country where access to affordable credit remains limited and unemployment continues to challenge millions of citizens, cooperative societies have emerged as practical solutions for wealth creation, poverty reduction and community development.
- [The FUGAZ banks’ ticker tape post CBN’s ‘FHC Draft’](https://businessamlive.com/the-fugaz-banks-ticker-tape-post-cbns-fhc-draft/): The Central Bank of Nigeria's June 2026 draft rules on Financial Holding Companies (FHC) will fundamentally change how Nigeria's tier-one banks report earnings.
- [Akara, Kuli-kuli, Agbado sour in face of inadequate  capital (1)](https://businessamlive.com/akara-kuli-kuli-agbado-sour-in-face-of-inadequate-capital-1/): Nigeria's First Lady, Senator Oluremi Tinubu, recently spoke at a gathering of the Renewed Hope Initiative in Abuja, where she shared some inspiring words with grant beneficiaries. She said that getting out of poverty doesn't have to be about having a lot of money. According to her, starting a small business, like selling Akara, roasting corn, or making kuli kuli, doesn't require a big investment or injection of capital at a very pricy and exorbitant rate predominant within the Nigerian economic landscape circa 35 percent. What's more, the First Lady explained that the beneficiaries didn't receive loans, but rather grants, which is a significant difference. This approach, she believes, can give people hope and help them improve their lives. By providing grants instead of loans, the initiative aims to empower individuals, especially those who may not have access to traditional funding sources. The idea is to support small-scale entrepreneurs and help them grow their businesses, no matter how small they may seem. As Senator Tinubu pointed out, even a small venture like selling Akara or roasting corn can make a big difference in someone's life, and it's a step towards creating a better future.
- [AI drives new competition in Nigeria’s online retail sector-DHL survey](https://businessamlive.com/ai-drives-new-competition-in-nigerias-online-retail-sector-dhl-survey/): New findings from the DHL eCommerce Trends Report 2026 show Nigeria emerging as one of the world's fastest adopters of AI-enabled shopping, with 46 percent of online shoppers already using AI chat tools during the purchasing process. The country ranks fourth globally behind India, the United Arab Emirates and China.
- [States urged to align airport investments with commercial viability](https://businessamlive.com/states-urged-to-align-airport-investments-with-commercial-viability/): Kuku noted that although FAAN handled about 17 million passengers, air travellers still account for less than 10 per cent of Nigeria's population, an indication that passenger demand remains limited in many parts of the country. She said this makes it necessary for governments to carefully evaluate the economic case for new airport investments before committing public funds.
- [Niger State allocates 500 ha to Indian billionaire Raj Gupta’s AIG steel plant ](https://businessamlive.com/niger-state-allocates-500-ha-to-indian-billionaire-raj-guptas-aig-steel-plant/): Niger State, with the largest landmass in Nigeria, has approved 500 hectares of land to Raj Gupta, Indian billionaire's African Industries Group (AIG) to build what could become sub-Saharan Africa's largest solar-powered steel plant in Nigeria, according to reports monitored by Business A.M. Raj Gupta's African Industries Group's Nigerian subsidiary, the Abuja Steel Mills Limited will construct the large solar-powered steel manufacturing facility, alongside a new industrial park. The project will combine large-scale steel manufacturing with a dedicated solar power plant, and initiative aligning with the north-central state's broader plan to become a key industrial corridor, supported by additional land, gas pipeline access, and hydro assets. Officials have stressed the role of steel and renewable energy investments in achieving Nigeria's goal of building a $1 trillion economy by 2030. Moreover, following the country's biggest industrialisation disappointments in the Ajaokuta Steel Complex, after sinking over $8 billion into the project, the plant has never produced commercial steel. This failure stems from a combination of obsolete, outdated blast furnace technology, deep-rooted corruption, and historical policy instability. The AIG steel project will combine a large-scale steel manufacturing complex with a dedicated solar power plant and a proposed AIG Industrial Park, reflecting the growing push to reduce manufacturers' dependence on the Nigeria's unreliable electricity grid. If successful, the project could become a model for how energy-intensive manufacturers across Africa power industrial growth with cleaner, more reliable, renewable energy. Raj Gupta, chairman of African Industries Group, said the land allocated to his company was historic, adding that the solar installation could become the largest in Nigeria and potentially the biggest supporting a steel operation anywhere in sub-Saharan Africa. Governor Mohammed Umar Bago said the investment is in line with his administration's broader ambition to position Niger, the hydro-electricity producing state as Nigeria's next major industrial corridor. Governor Bago also announced plans to gazette an additional 200,000 hectares of industrial land stretching toward Kaduna State, to leverage the Ajaokuta–Kaduna–Kano (AKK) gas pipeline, abundant solar resources and the state's hydropower assets, which include the Kainji, Jebba, Shiroro and Zungeru dams. Minister of steel development Shuaibu Audu lauded African Industries Group for growing from a modest steel business into one of West Africa's largest producers, and employing about 10,000 workers across its operations. Audu said the AIG investment was linked to the federal government's ambition of building a $1 trillion economy by 2030, with steel expected to play a central role. The minister of state for industry, trade and investment John Owan Enoh said private-sector investments of this scale would be essential to reducing Nigeria's dependence on imported steel products while creating jobs and expanding local manufacturing. Nigeria spends $4 billion to $8 billion annually on steel imports. This massive expenditure which covers about 90 percent of the country's total steel consumption, puts severe pressure on the country's foreign exchange reserves, driving up local construction and manufacturing costs. According to BillionairesAfrica, African Industries Group founded more than five decades ago, has grown into one of Nigeria's largest industrial conglomerates, operating more than 30 manufacturing plants across sectors including steel, mining, chemicals, glass and real estate. Abuja Steel Mills, AIG subsidiary, says the land assists its expansion into utility-scale solar as it seeks to power steel production with renewable energy instead of relying on unreliable national power grid, and costly diesel generators.
- [Dangote to use cash flow, bonds, IPO to fund proposed $17bn Kenya refinery ](https://businessamlive.com/dangote-to-use-cash-flow-bonds-ipo-to-fund-proposed-17bn-kenya-refinery/): Aliko Dangote, key business tycoon and Africa's richest man plans to source finance for his proposed $17 billion Kenya refinery through cash flow, bonds, and a planned initial public offering (IPO), according to several sources monitored by Business A.M. The massive 700,000-bpd proposed refinery in Kenya set to become the second largest on the continent, offers new details about one of Africa's most ambitious energy projects in history. According to Bloomberg report, the cost of the refinery is estimated at $17 billion to be sited on Kenya's Lamu Island. It is coming off as East Africa's largest refinery. Reuters said site selection, soil testing, and design work were already underway, in what marks Dangote Industries' biggest refining investment outside Nigeria, reinforcing Kenya as East Africa's a strategic energy hub. Edwin Devakumar, vice president for oil and gas at Dangote Industries Limited was quoted by Reuters that the refinery will be built on Lamu Island, Kenya, and that the site has already been selected, soil testing was underway, while design and engineering work have started. "The site has been selected, soil tests are underway, and design and engineering work have commenced. Kenya was the choice from the beginning," Devakumar said. Kenya's president William Ruto is already applauding his government for doubling foreign investment in his country’s economy, with a nominal GDP of approximately $136 billion, making it 7th largest economy in Africa. Once completed, the planned 700,000-barrel-per-day refinery will be considered as Africa's second-largest refinery by nameplate capacity, especially as Dangote's flagship refinery in Lagos plans to expand its capacity to 1.4 million bpd. It reinforces Dangote's drive to expand fuel-processing capacity beyond Nigeria. To wit, the Dangote refining powerhouse in Lagos has since its coming on stream in 2024, transformed Nigeria into a growing exporter of refined petroleum products across Africa and globally, notwithstanding the country's four moribund state refineries. Bloomberg reported that the Kenya refinery's cost of $17 billion makes it one of the biggest private industrial investments ever proposed in East Africa. Financing of the mega refining plant is expected to come from a combination of internally generated cash, bonds and proceeds from the planned IPO of the Dangote Petroleum Refinery (DPR). Reports said that since Dangote announced the proposed bourse listing of his DPR, it has attracted substantial investor interests, although no official offer has yet been launched. Also, the Nigerian Securities and Exchange Commission (SEC) recently explained that it has not received any IPO application from Dangote; neither has it approved an IPO. Why does Dangote prefer Kenya over Mozambique or Tanzania for his next mega refinery project? Reports said the company cited infrastructure, logistics and market considerations for its change of choice, having previously considered Tanzania's port city of Tanga. Additionally, report said Aliko Dangote, during his recent East Africa visit, personally pledged to presidents Ruto of Kenya and Yoweri Museveni of Uganda that he would build a replica of his flagship Lagos refinery along Kenya's coast. Development finance experts are describing the upcoming Kenyan project as Dangote Industries Limited's biggest refining investment outside Nigeria. Though Devakumar, Dangote Industries Limited's vice president in charge of oil and gas did not disclose an official budget for the refinery, but said the project would be comparable in scale to the company's magnificent Lagos refinery, finance experts highlight the size of what would become Dangote Group's biggest refining investment outside Nigeria. The new refining powerhouse for all of East Africa region is expected to take between three and five years to complete, and will supply refined petroleum products to Kenya and the neighbouring countries, and will largely reduce East Africa's reliance on imported fuels. By far, the 700,000-bpd plant will cement Kenya's emerging position as a strategic refining hub for East Africa, it will eminently expand Dangote's footprint in Africa's energy infrastructure.
- [Renaissance makes 27m bpd offshore Nigeria discovery](https://businessamlive.com/renaissance-makes-27m-bpd-offshore-nigeria-discovery/): Renaissance Africa Energy Company Limited has announced a major offshore oil discovery in Nigeria following its successful drilling of the JK-004 exploration well in Oil Mining Lease (OML) 74, the company said in a statement. According to oil industry sources, the find includes estimated recoverable volumes at approximately 27 million barrels of oil of commercial significance. It marks a substantial milestone in the company’s renewed exploration strategy and boosts Nigeria’s efforts to increase its crude oil reserves. However, Renaissance did not inform about the size of the discovery. The indigenous exploration and production company said preliminary evaluation of the JK-004 well encountered about 1,000 feet of hydrocarbon-bearing column across seven reservoirs, with initial log interpretation and fluid analysis confirming high-quality reservoirs containing light crude oil. It said the discovery demonstrates the continued prospectivity of Nigeria’s shallow offshore basins, providing an attractive opportunity for rapid commercial development. Renaissance Africa Energy's offshore oil find comes at a time Nigeria is intensifying efforts to reverse its declining oil reserves through increased exploration, faster project development and improved collaboration between regulators and industry operators. Wood Mackenzie global energy consultancy firm, recently recognised Renaissance Africa Energy as Africa’s largest oil and gas company by operated production. Renaissance manages Nigeria’s largest upstream joint venture, comprising 18 oil mining leases, two export terminals and a floating production, storage and offloading (FPSO) vessel in the shallow offshore Niger Delta. Tony Attah, managing director and chief executive officer of Renaissance Africa Energy, said the discovery marks his company’s first major exploration success under its renewed exploration strategy, achieved just over one year after assuming operatorship of the assets. “The success of JK-004, just over one year after assuming operatorship of these assets, demonstrates the strength of our exploration programme,” Attah said. He said the achievement was attributed to the commitment of Renaissance employees, technical teams, contractors, regulators and joint venture partners, and that the discovery supports Nigeria’s long-term objective of sustaining crude oil production and expanding hydrocarbon reserves. The Renaissance Africa Energy chief executive officer further acknowledged the support of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Renaissance’s joint venture partners, comprising Nigerian National Petroleum Company (NNPC) Limited, TotalEnergies and Agip Energy and Natural Resources, for creating an enabling environment for successful exploration activities. Attah also lauded Bayo Ojulari, group chief executive officer of NNPC Limited, and Udobong Ntia, executive vice president, upstream at NNPCL, for providing strategic leadership and supporting value creation across the joint venture assets. Johnbosco Uche, vice president, exploration and chief explorer at Renaissance Africa Energy, said the offshore discovery reflects the company’s strong technical capability and disciplined approach to exploration and reserve replacement. He said, JK-004 well provides a solid platform for accelerated project maturation, with its proximity to existing production infrastructure expected to support early development and faster commercialisation. “The JK-004 well provides a strong foundation for accelerated maturation with clear pathways to early development and value realisation,” Uche said. Oritsemeyiwa Eyesan, chief executive of NUPRC, said, the discovery is consistent with the NUPRC’s strategy to increase Nigeria’s hydrocarbon reserves and ensure long-term energy security. Eyesan said NUPRC was committed to maintaining an enabling investment climate that encourages exploration and supports sustainable growth in the country’s oil and gas industry. For Layi Fatona, renowned Nigerian exploration geologist and chairman of Renaissance Africa Energy, the discovery depicts the continued geological potential of Nigeria’s hydrocarbon basins despite decades of production. Fatona also said Renaissance Africa Energy's achievement reinforces the growing role of indigenous operators in attracting investment, replacing reserves and strengthening Nigeria’s energy security. “The success of this exploration effort clearly demonstrates that indigenous operators have a critical role to play in unlocking value, driving investment and contributing meaningfully to national energy security and economic growth,” he said. Oil industry stakeholders have welcomed the discovery, describing it as a positive development for Nigeria’s petroleum upstream sector. Udobong Ntia, NNPC Limited's executive vice president in charge of upstream, lauded the Renaissance joint venture team for the safe execution of the exploration campaign, saying that the national oil company will continue to support initiatives aimed at increasing Nigeria’s reserve base and sustaining crude oil production. The JK-004 discovery is expected to strengthen Renaissance’s production portfolio, contributing to Nigeria’s ambition of increasing reserves, attracting upstream investment and maintaining its position as Africa’s top oil producer.
- [How data deconstructs the myth of the ‘high-risk’ Nigerian borrower](https://businessamlive.com/how-data-deconstructs-the-myth-of-the-high-risk-nigerian-borrower/): The average Nigerian borrower is widely considered high-risk - a claim repeated in credit committees, priced into retail loans, and largely treated as settled fact. Every credit market accepts that an individual loan may not be repaid; this is ordinary, priced risk. The high-risk claim, however, is applied to whole segments - the informal trader, the gig economy earner whose income is steady but split across several accounts, the remote worker paid by an overseas client into a fintech FX wallet. What the assessment establishes is not whether they are likely to repay, but how they fit into an arbitrary segment. Having spent years building decisioning systems for this market, my thesis is a specific one: "high-risk" does not mean "no credit" - it simply requires that the lender embrace alternative datasets to price the risk appropriately.
- [Meta unveils new AI models for image and video generation](https://businessamlive.com/meta-unveils-new-ai-models-for-image-and-video-generation/): Meta has introduced two new artificial intelligence models, Muse Image and Muse Video, marking its latest push to strengthen its generative AI capabilities with tools designed to create and edit images and videos more accurately while integrating deeply across its ecosystem of apps.
- [Refiant launches AI model with 10-million-token memory](https://businessamlive.com/refiant-launches-ai-model-with-10-million-token-memory/): South African artificial intelligence company Refiant has unveiled what it says is one of the world's largest commercially available long-context AI models, marking a major step in the race to make generative AI more useful for complex enterprise applications.
- [Almajiranci at the Crossroads](https://businessamlive.com/almajiranci-at-the-crossroads/): The instinct to legislate is understandable. Every responsible society must protect children from exploitation. Yet legislation alone is an inadequate response to what is essentially a crisis of governance, human capital and the social contract. Before Nigeria outlaws Almajiranci, it must understand what it seeks to abolish. Is it an ancient Islamic educational tradition that produced generations of scholars across West Africa, or the modern distortion of that tradition, which has reduced thousands of children to street begging in the name of education? Mistaking one for the other risks producing bad law from good intentions.
- [Benefits of govt. investing in Nigeria farm estates](https://businessamlive.com/benefits-of-govt-investing-in-nigeria-farm-estates/): The Federal Government of Nigeria is driving a nationwide initiative to establish Integrated Farm Estates (IFEs) and mega-farm settlements to boost food security, curb rural-urban migration and stimulate local economies. The primary drivers of this agenda include the National Agricultural Land Development Authority (NALDA) and the Federal Ministry of Agriculture.
- [The flawed logic behind FTSE Russell’s decision on Nigeria](https://businessamlive.com/the-flawed-logic-behind-ftse-russells-decision-on-nigeria/): When FTSE Russell announced its proposal to reclassify Nigeria from “Unclassified” to “Frontier Market” status, effective 21 September 2026, many Nigerians welcomed the move as long-overdue recognition of the remarkable progress made in the country’s capital market. 
- [Developing state electricity markets: Lessons from national grid](https://businessamlive.com/developing-state-electricity-markets-lessons-from-national-grid/): Nigeria is entering the most significant electricity sector transformation since the power sector reforms of 2005.
- [The responsibility for building Africa’s future lies with Africa](https://businessamlive.com/the-responsibility-for-building-africas-future-lies-with-africa/): Few continents carry the weight of history as heavily as Africa. The transatlantic slave trade, colonialism, and post-independence external interference dismantled institutions, extracted wealth, redrew borders, and left lasting political and economic consequences. These are not imagined grievances—they are historical facts.
- [On Starmer, leadership, stories others tell, and politics of perception](https://businessamlive.com/on-starmer-leadership-stories-others-tell-and-politics-of-perception/): It is hardly surprising, therefore, that Sir Keir Starmer’s premiership should end with a speech in which he struggled to hold back tears as he paid tribute to his family during a dramatic political moment. Politics, after all, is one of the few professions in which a person can spend years climbing a mountain only to discover that the summit is merely the beginning of another ascent.
- [PenCom permits PFAs to invest in custodian-linked securities ](https://businessamlive.com/pencom-permits-pfas-to-invest-in-custodian-linked-securities/): The National Pension Commission (PenCom) has extended its regulatory forbearance allowing Pension Fund Administrators (PFAs) to invest in a wider range of securities issued by the parent companies of their respective Pension Fund Custodians (PFCs).
- [Nigerian economy @ mid-term 2026: Review and commentary](https://businessamlive.com/nigerian-economy-mid-term-2026-review-and-commentary/): Like a flash in the dark, the first six months of 2026 are gone. These were six months marked by the good, the bad, and the ugly across the socio-political and economic landscape of the country. For the Nigerian economy, there were a lot of activities — dictated by domestic and external policies, politics and headwinds. Indeed, more than at any other time in recent years, the first six months of 2026 was hallmarked by geopolitical tensions, a carryover of aspects of two years’ budget, a crude oil windfall, spikes in petrol prices, enactment and implementation of new tax laws, sustained tight monetary policy by the Central Bank of Nigeria (CBN), and resurgence of rising inflationary pressure.
- [The next frontier for aviation growth in Africa](https://businessamlive.com/the-next-frontier-for-aviation-growth-in-africa/): As passenger traffic across Africa continues to recover and expand, airports are being challenged to evolve beyond their traditional role as transport terminals. They are increasingly becoming intelligent, connected ecosystems where technology, data, and people work together to deliver safer, faster, and more sustainable travel experiences. For African airports seeking to improve competitiveness while managing limited infrastructure, the smart airport concept presents a significant opportunity.
- [Heirs Insurance grows premium income 89% to ₦115bn ](https://businessamlive.com/heirs-insurance-grows-premium-income-89-to-%e2%82%a6115bn/): Heirs Insurance Group (HIG) grew its gross written premium by 88.5 percent to ₦115 billion in the 2025 financial year, driven by strong underwriting performance across its life and general insurance businesses despite a decline in profit caused by foreign exchange volatility.
- [Nigeria suspends cross-sector digital rules to boost regulatory certainty](https://businessamlive.com/nigeria-suspends-cross-sector-digital-rules-to-boost-regulatory-certainty/): The federal government has directed key digital sector regulators to suspend the implementation and enforcement of regulations affecting internet platforms, online intermediaries and other cross-cutting digital economy issues pending the completion of a policy harmonisation exercise.
- [Roadmap to successful AI-powered business for side hustle entrepreneurs](https://businessamlive.com/roadmap-to-successful-ai-powered-business-for-side-hustle-entrepreneurs/): The journey from side hustle to successful AI-powered business does not happen overnight, but it follows a clear path. Here is a practical roadmap that Nigerian entrepreneurs can follow to build sustainable businesses powered by AI.
- [UN opens dialogue on global AI governance ](https://businessamlive.com/un-opens-dialogue-on-global-ai-governance/): The United Nations has launched its first Global Dialogue on Artificial Intelligence (AI) Governance, bringing together governments, technology companies, academics, civil society organisations and technical experts in a bid to develop a more inclusive global framework for managing the rapidly evolving technology.
- [When a woman’s body becomes a data product](https://businessamlive.com/when-a-womans-body-becomes-a-data-product/): There was a time when the most intimate record of a woman's reproductive health existed in conversations with her doctor or in the privacy of her own journal. Those details belonged to her. They reflected moments of hope, anxiety, heartbreak, uncertainty and joy that were never intended to travel beyond the people she trusted most. Today, millions of women voluntarily record those same experiences inside applications that promise convenience, prediction and empowerment. Few stop to ask what becomes of that information once it leaves their phone, and fewer still appreciate the extraordinary value it holds in an economy increasingly built on data.
- [On the xenophobia issues among African nationals (3)](https://businessamlive.com/on-the-xenophobia-issues-among-african-nationals-3/): The recent reports of xenophobic violence, including the protests and attacks that reportedly occurred in Soweto and other parts of South Africa on 30 June 2026, have once again drawn attention to a disturbing challenge confronting the African continent. The attacks on foreign African nationals, involving looting, destruction of property and the loss of lives, deserve unequivocal condemnation. Regardless of the terminology employed—whether described as xenophobia or "Afro-phobia"—violence against fellow Africans has no place in a democratic society or on a continent striving for greater unity and shared prosperity.
- [What Kilimanjaro taught me about leadership and healing](https://businessamlive.com/what-kilimanjaro-taught-me-about-leadership-and-healing/): Fifteen years ago, I was one of three South Africans chosen for a symbolic ascent of Mount Kilimanjaro in Mandela's honour. A public-private partnership between my organisation and the City of Ekurhuleni made the climb possible. It was meant to embody sacrifice, unity and service, values Mandela spent his life teaching.
- [NCC tasks students to protect telecom infrastructure](https://businessamlive.com/ncc-tasks-students-to-protect-telecom-infrastructure/): The Nigerian Communications Commission (NCC) has called on Nigerian students to support efforts to protect telecommunications infrastructure, warning that vandalism and theft of critical network facilities continue to undermine service delivery and the country's digital transformation agenda.
- [Africa’s 38 coastal states sitting on $2.5trn blue economy – report ](https://businessamlive.com/africas-38-coastal-states-sitting-on-2-5trn-blue-economy-report/): “Blue Education in this context means the deliberate integration of Ocean Science into Africa’s 38 coastal states’ school curricula, which is the fastest way to turn the coastline into prosperity, resilience, and equity,” Kiyaramo said while fielding questions from some journalists at the weekend, shortly after presenting a paper on “The Imperative of Blue Education,” at the Warri Blue Economy Summit.
- [FUGAZ banks face interesting outcomes post CBN FHC draft](https://businessamlive.com/fugaz-banks-face-interesting-outcomes-post-cbn-fhc-draft/): Ahead of the 2026 financial year-end reporting by Nigerian banks, an analysis of the country’s Tier-1 lenders popularly known as FUGAZ banks, is pointing to a fundamental but interesting outcomes that would be shaped by the June 2026 draft rules on Financial Holding Companies (FHC) by the Central Bank of Nigeria (CBN).
- [Price rigidity leaves Nigerians waiting for petrol relief ](https://businessamlive.com/price-rigidity-leaves-nigerians-waiting-for-petrol-relief/): For millions of Nigerians, the laws of economics appear to work only in one direction. When petrol prices rose from about N800 per litre to as high as N1,450 following the geopolitical crisis involving the United States, Israel and Iran, the consequences were immediate and unforgiving. Transport fares doubled in some cities. Food prices rose almost overnight. Manufacturers increased production costs, logistics firms revised tariffs, and virtually every service provider, from artisans to ride-hailing operators, passed the higher fuel costs directly to consumers.
- [What does Africa need to develop? Certainly not aid](https://businessamlive.com/what-does-africa-need-to-develop-certainly-not-aid/): Africa’s development debate has been shaped for years by the same tired assumptions. The continent is often spoken about as if its future depends on the generosity of Western taxpayers. It does not. And it never has.
- [United Nigeria Airlines taps hotel partnership to strengthen customer retention ](https://businessamlive.com/united-nigeria-airlines-taps-hotel-partnership-to-strengthen-customer-retention/): United Nigeria Airlines and Boulevard Hotels have entered into a strategic partnership aimed at reducing travel costs for passengers while strengthening customer retention through the airline's Unity Rewards programme.
- [$60m private investment to reshape Enugu airport under PPP deal](https://businessamlive.com/60m-private-investment-to-reshape-enugu-airport-under-ppp-deal/): An estimated $60 million private investment is expected to flow into the rehabilitation, expansion and management of Akanu Ibiam International Airport, Enugu, following the Federal Government's concession of the facility to Aero Alliance Limited under a Public-Private Partnership (PPP) arrangement.
- [Elumelu exits UBA board after assets soar 1,100% in 12 years ](https://businessamlive.com/elumelu-exits-uba-board-after-assets-soar-1100-in-12-years/): United Bank for Africa (UBA) Plc has announced the retirement of Tony O. Elumelu, its group chairman, from the board of directors, bringing to a close a transformative 12-year tenure that saw the lender evolve into one of Africa's largest banking groups with assets expanding more than tenfold.
- [CBN drains N1.35trn from banking system in biggest 2026 liquidity sweep](https://businessamlive.com/cbn-drains-n1-35trn-from-banking-system-in-biggest-2026-liquidity-sweep/): The Central Bank of Nigeria (CBN) will withdraw an unprecedented N1.35 trillion from the banking system this month through an aggressive Treasury Bills (NTB) issuance programme, marking the largest monthly liquidity absorption planned so far in 2026 and signalling a sustained tightening of monetary conditions.
- [NCC says reforms restoring investor confidence as telecom investment rebounds](https://businessamlive.com/ncc-says-reforms-restoring-investor-confidence-as-telecom-investment-rebounds/): The Nigerian Communications Commission (NCC) says regulatory reforms introduced to stabilise Nigeria's telecommunications industry are beginning to restore investor confidence, with fresh investments indicating renewed optimism in the sector.
- [Nigeria, U.S, Russia, six others account for 83% global gas flaring – World Bank report ](https://businessamlive.com/nigeria-u-s-russia-six-others-account-for-83-global-gas-flaring-world-bank-report/): • flared gas worth $54bn • $100bn in upfront investment required to eliminate flaring  Nigeria, the U.S., Russia and six other countries are the world's largest gas flaring nations, responsible for 83 percent of global gas flaring in 2025, says the World Bank Global Flaring and Methane Reduction Partnership (GFMRP) in collaboration with the Payne Institute at the Colorado School of Mines. According to the report, the volume of gas flared in 2025 exceeded the total amount of liquefied natural gas that transited the Persian Gulf in the year under review, and was nearly equal to all of Africa’s annual gas consumption of approximately 185 billion cubic metres (bcm). In addition, more than 60 percent of the global increase in flaring during 2025 came from just three countries — Russia, Mexico and Iran. These countries together increased flaring by about 6 billion cubic metres (bcm), nearly three times the total reductions achieved by all countries that lowered their flaring during the year. Russia remained the world’s largest flaring country, with flaring increasing by 9 percent year-on-year. A new report released by the World Bank in June, said the 83 percent gas flared by these nine countries is more than four-fifths of global gas flaring in 2025 while producing only 46 percent of the world’s oil. The nine largest flaring countries in descending order are Russia, Iran, Iraq, Venezuela, Mexico, Libya, Algeria, Nigeria and the United States. They were responsible for the vast majority of global flare volumes. The report indicates that global gas flaring increased for the third consecutive year, reaching 167 billion cubic metres (bcm) in 2025, up from 157 bcm the previous year (2024). Gas flaring happens when natural gas produced alongside crude oil is burned at production sites, instead of being captured, processed and sold or used locally. The practice wastes a valuable energy resource, and contributes largely to the greenhouse gas (GHG) emissions. According to the 2026 Global Gas Flaring Tracker report, an estimated 429 million tonnes of carbon dioxide equivalent emissions were generated by flaring in 2025, including about 50 million tonnes from unburned methane. The lost gas was valued at an estimated $54 billion, indicating both the economic and environmental costs of continued flaring. To eliminate routine gas flaring worldwide, the report says it would require between $70 billion to $100 billion in upfront investment. The World Bank says the technologies needed to capture and utilise associated gas are already commercially available. However, rather than technological limitations, the main obstacles comprise inadequate pipeline infrastructure, limited gas markets, lack of financing and weak regulatory enforcement. Benefits of flaring reduction What does the world gain from eliminating or drastic reduction in flaring? The World Bank says, reducing routine flaring could help countries such as Egypt, India and Iraq cut expensive gas imports, improve electricity generation and expand access to clean cooking fuels. For example, 1bcm of natural gas can generate around four billion (4bn) kilowatt-hours of electricity, enough to make a significant contribution to underserved regions. Countries such as Nigeria, Angola, and the Republic of Congo, where large quantities of associated gas are flared despite low electricity access, could particularly benefit from improved gas utilisation. Positive developments Despite the global increase, some countries demonstrated that substantial reductions are achievable. The United States recorded the largest absolute decline in flaring during 2025, reducing volumes by 7 percent following the commissioning of the Matterhorn Express pipeline in the Permian Basin. Kazakhstan has reduced flaring by 87 percent since 2012 through a combination of stronger regulations, government commitment and targeted infrastructure investments. The World Bank said these examples show that sustained policy support and investment can significantly reduce gas flaring while improving energy security, creating economic opportunities and lowering greenhouse gas emissions.
- [Have you done your half -year review?](https://businessamlive.com/have-you-done-your-half-year-review/): Make no mistake about it, we’re not only in the second half of the year, you need to not let anything prevent you from taking out the time to review your financial goals. Ooooouch!
- [NIA’s first female chairman unveils reform agenda to deepen insurance penetration](https://businessamlive.com/nias-first-female-chairman-unveils-reform-agenda-to-deepen-insurance-penetration/): Nigeria's insurance industry is set for a renewed push to improve public confidence, strengthen professional standards and expand insurance adoption following the unveiling of a reform agenda by Ebelechukwu B. Nwachukwu, the newly inaugurated chairman of the Nigerian Insurers Association (NIA).
- [Nigeria’s marine insurance market faces capital leakages as blue economy gains momentum](https://businessamlive.com/nigerias-marine-insurance-market-faces-capital-leakages-as-blue-economy-gains-momentum/): The Nigerian marine insurance market is expanding alongside the country’s blue economy ambitions, but industry experts warn that structural gaps and persistent capital flight are limiting how much value the sector actually retains.
- [Nigerian insurers break premium record as assets near N5trn ](https://businessamlive.com/nigerian-insurers-break-premium-record-as-assets-near-n5trn/): The performance was disclosed by Kunle Ahmed, immediate past chairman of the Nigerian Insurers Association (NIA), during the Association's 55th Annual General Meeting (AGM), where he described 2025 as a milestone year for Nigeria's insurance market.
- [No extension in sight as insurers race to beat July 31 recapitalisation deadline ](https://businessamlive.com/no-extension-in-sight-as-insurers-race-to-beat-july-31-recapitalisation-deadline/): With less than four  weeks remaining before the July 31 recapitalisation deadline, Nigeria's insurance industry has entered the final stretch as operators intensify efforts to meet the new minimum capital requirements, while the National Insurance Commission (NAICOM) maintains that there will be no extension of the statutory deadline.
- [Only 265,000 homes connected as Nigeria’s fibre deficit widens-NCC ](https://businessamlive.com/only-265000-homes-connected-as-nigerias-fibre-deficit-widens-ncc/): Speaking at the Association of Telecommunications Companies of Nigeria Critical Conversation Forum on FTTH in Lagos, Aminu Maida, executive vice chairman of the NCC, said accelerating broadband expansion is essential if Nigeria is to achieve its ambition of becoming a one trillion-dollar economy.
- [AI-driven scams hit over half of internet users –Kaspersky ](https://businessamlive.com/ai-driven-scams-hit-over-half-of-internet-users-kaspersky/): More than half of internet users worldwide encountered online fraud over the past year, while nearly one in two suffered cyberattacks targeting their devices, accounts or personal data, according to a new survey released by  Kaspersky,a cybersecurity firm.
- [“Where did my data go?” Inside Nigeria’s growing battle over mobile data transparency](https://businessamlive.com/where-did-my-data-go-inside-nigerias-growing-battle-over-mobile-data-transparency/): For millions of Nigerians, buying a mobile data bundle often comes with an expectation and, increasingly, a lingering suspicion.
- [Softer global food prices offer little relief for Nigeria’s inflation battle](https://businessamlive.com/softer-global-food-prices-offer-little-relief-for-nigerias-inflation-battle/): Any hopes that softer global food prices could ease pressure on Nigerian consumers may prove premature after the Food and Agriculture Organization (FAO) reported only a marginal decline in international commodity prices while warning that worsening food insecurity across Africa is intensifying pressure on already fragile food systems.
- [HumanManager deepens workforce development with NextGen HR digital skills initiative](https://businessamlive.com/humanmanager-deepens-workforce-development-with-nextgen-hr-digital-skills-initiative/): HumanManager, a leading HR and payroll technology company powering workforce operations across Africa, has reaffirmed its commitment to developing Nigeria's future workforce through the 2026 edition of its NextGen HR Initiative, a capacity development programme designed to equip future HR professionals with practical digital skills. Held recently at the Faculty of Management Sciences, University of Lagos (UNILAG), the event exposed participants to hands-on training using HumanManager's HR software, bridging the gap between classroom learning and workplace practice.
- [inDrive unveils Kiekie as Chief Wahala Officer in bold urban mobility campaign](https://businessamlive.com/indrive-unveils-kiekie-as-chief-wahala-officer-in-bold-urban-mobility-campaign/): inDrive, a global mobility and urban services platform, has appointed popular media personality and content creator Kiekie as its new “Chief Wahala Officer (CWO).” This creative hiring campaign was designed to shed light on the daily challenges of movement and mobility in Lagos.
- [The quiet confidence of the man who drinks what he actually likes](https://businessamlive.com/the-quiet-confidence-of-the-man-who-drinks-what-he-actually-likes/): In a room full of noise, that kind of confidence rarely announces itself because It doesn't need to.
- [Profit-taking wipes N1.8trn off NGX as investors flee to fixed income ](https://businessamlive.com/profit-taking-wipes-n1-8trn-off-ngx-as-investors-flee-to-fixed-income/): Persistent profit-taking and portfolio rebalancing erased about N1.8 trillion from the Nigerian Exchange (NGX), extending a market correction that has already wiped nearly N12 trillion off the value of the Exchange's largest listed companies in June, as investors shifted towards fixed-income assets and locked in gains from the market's strong rally earlier this year.
- [Alcoa, U.S. metals giant’s $5.6 billion deal with South Africa’s Hillside Aluminium knocks off Nigeria’s alumina race ](https://businessamlive.com/alcoa-u-s-metals-giants-5-6-billion-deal-with-south-africas-hillside-aluminium-knocks-off-nigerias-alumina-race/): Alcoa, United States aluminium giant is buying off South Africa's bauxite, alumina and aluminium business, in a deal worth up to $5.6 billion, in what is potentially Africa's largest aluminium deal. South32, Australian miner's bauxite, alumina, and aluminium in South Africa is Africa's largest aluminium smelting plant. Now the Australian miner is exiting the sector. The deal hands Alcoa control of Hillside Aluminium as U.S. companies race to acquire key industrial materials to rival China’s global metals supply dominance. Under the transaction, Alcoa will pay $3.1 billion in cash, $1 billion in shares, assume $750 million in debt, and another $750 million if prices rise. South32 is reshaping its portfolio to focus on energy transition commodities, while retaining its operations in manganese and exploration in the Southern Africa region. The deal potentially knocks off Nigeria's recent Africa alumina race with its planned $1.3 billion alumina refinery. In March this year, the Nigerian federal government signed a Memorandum of Understanding (MOU) with the African Finance Corporation (AFC) to jointly fund three strategic mining projects, including a $1.3 billion alumina refinery. Years back the country attempted an aluminium smelting business with the ALSCON plant at Ikot Abasi, Akwa Ibom State. The massive plant went through assets striping, cannibalisation and mismanagement leading to its present moribund state. Under the Alcoa-Hillside Aluminium agreement, the Pittsburgh-based company will pay $3.1 billion in cash and about $1 billion in shares, while taking on about $750 million in debt and lease liabilities. South32, the Australian miner, could receive a further $750 million if alumina and aluminium prices exceed agreed targets over the next four years. The transaction when completed will give Alcoa full ownership of Hillside Aluminium, in South Africa, which is African continent’s largest aluminium smelter, while lifting its global share of equity-attributable bauxite production from 8.5 percent to 13 percent, putting it ahead of Rio Tinto. Alcoa said in a statement on July 1 that the acquisition strengthens its aluminium supply chain, lifting its annual capacity to 3.2 million tonnes of aluminium and 14.8 million tonnes of alumina. Noel Pillay, South32 Africa chief operating officer, said the agreement recognises long-term value and places it under a specialist aluminium producer. “As a leading global producer of materials across the aluminium value chain, Alcoa is well positioned to operate Hillside into the future,” Pillay said. He hoped that “The smelter will be operated by a dedicated aluminium producer, which will bring the benefits of its deep aluminium value chain experience to the region.” Pillay said the Richards Bay operation had made a major contribution to South Africa over the past 30 years. “It has made a major contribution to South Africa’s economy, employed thousands of local workers, and played a key role in supporting the downstream aluminium industry. We expect this contribution to continue under Alcoa’s ownership,” he said.T The Alcoa deal also includes the ilde Bayside smelter property of Hillside Aluminium in Richards Bay, KwaZulu-Natal, South Africa. The Richards Bay operation is South Africa’s only primary aluminium smelter and Africa’s largest aluminium plant, with annual production of about 720,000 tonnes. This now places Hillside Aluminium ahead of other major aluminium facilities on the continent, including Mozal Aluminium in Mozambique, Egypt aluminium’s Nag Hammadi smelter in Egypt and Ghana's Valco. Nigeria's Alscon is certainly not in range. Mozal, located about 20 kilometres west of Maputo, is Africa’s second-largest aluminium smelter, with capacity of up to 580,000 tonnes a year. Egypt aluminium’s Nag Hammadi complex has current capacity of about 320,000 tonnes a year, while its proposed new 300,000-tonne-a-year smelter is not part of its current operating capacity. The Alcoa deal also reshapes South32’s Southern African portfolio, which reduces the Australian miner's exposure to aluminium,  and now focusing more on commodities linked to the energy transition. South32’s remaining Southern African business will now range from manganese operations in South Africa’s Northern Cape, and Botswana and Namibia where it runs exploration activities. However, South32 continues its Mozal Aluminium smelter business in Mozambique which will remain under the seller’s ownership, after being placed on care and maintenance in March 2026 following failed talks over affordable power supply. The Alcoa deal also leaves shareholders of South32 who are expected to own about 6 percent of Alcoa, the US producer.
- [Global memecoin market enters post-hype era after 74% valuation plunge](https://businessamlive.com/global-memecoin-market-enters-post-hype-era-after-74-valuation-plunge/): The global memecoin market has lost nearly three-quarters of its value in less than a year, underscoring the risks of speculative crypto investing even as United States President Donald Trump reportedly earned about $635 million in royalties from his $TRUMP token before the sector's sharp reversal.
- [Shell in $3bn deal with 9 Nigerian lenders for credit access to indigenous contractors](https://businessamlive.com/shell-in-3bn-deal-with-9-nigerian-lenders-for-credit-access-to-indigenous-contractors/): The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has signed a $3 billion contract financing facility with nine Nigerian lenders aimed at improving access to credit for indigenous contractors executing projects in Nigeria’s oil and gas sector. Known as "Contract Finance Facility",  the programme is designed to provide both working capital and credit support in Nigerian naira and U.S. dollars for indigenous companies delivering contracts for SNEPCo’s operations. The initiative, unveiled in Lagos, Nigeria's financial hub, is expected to deepen Nigerian local content development (which currently stands at 56% from 5% in 2010), improve project execution and ease one of oil industry’s biggest constraints—access to affordable financing. The new financing facility will also further enhance the technical and financial capacity of Nigerian indigenous contractors, supporting more efficient execution of projects in Nigeria’s deepwater oil sector, as well as advance the country’s local content objectives. Ronald Adams, managing director of SNEPCo, at the signing of the memorandum of understanding (MOU), said the financing initiative aligns with the objectives of Nigeria’s oil and gas local content policy by enabling greater value retention within the country. "The initiative reflects the spirit of the Nigerian Oil and Gas Industry Content Development Act, which is aimed at in-country value retention,” Adams said. He explained that the participating banks will provide capital while SNEPCo will support the facility through contract awards and payment domiciliation, reducing lending risks. He added that contractors will be responsible for delivering projects, creating a framework of shared accountability among all parties. Shell Nigeria vice president, in charge of finance, C.J. Akwaeze, said the programme highlights Shell’s long-term commitment to expanding Nigeria’s oil and gas industry, and strengthening the capabilities of indigenous service providers. Among the participating banks include: Access Bank Plc, Fidelity Bank Plc, First Bank of Nigeria Limited, First City Monument Bank (FCMB), Guaranty Trust Bank, Stanbic IBTC Bank, Standard Chartered Bank Nigeria, United Bank for Africa Plc (UBA), and Zenith Bank Plc. Oil industry stakeholders lauded the initiative, describing it as a significant step toward addressing financing challenges that have long constrained local contractors. Wole Ogunsanya, chairman of the Petroleum Technology Association of Nigeria (PETAN),  represented at the event by Joan Faluyi, described the financing facility as a gateway to resolving contractor financing bottlenecks and improving efficiency in project delivery. The participating banks pledged to continue their support for the programme, describing it as an important collaboration that will strengthen Nigeria’s energy value chain, and expand financing opportunities for local businesses. According to SNEPCo, Nigerian companies were already playing increasingly prominent roles in its operations. For example, during the turnaround maintenance (TAM) of the Bonga, Nigeria's first deep water floating and production - Floating Production Storage and Offloading (FPSO) vessel earlier this year, 43 wholly Nigerian companies participated, accounting for the majority of the 53 contractors involved in the exercise.
- [Access, Coronation champion cultural diplomacy through landmark Tate exhibition](https://businessamlive.com/access-coronation-champion-cultural-diplomacy-through-landmark-tate-exhibition/): Access Holdings Plc and Coronation Group are positioning cultural investment as a strategic pillar of Nigeria's global engagement, using the international success of the Nigerian Modernism exhibition at London's Tate Modern to reinforce the country's soft power, deepen international partnerships and strengthen its global investment narrative.
- [NNPCL’s revenue falls 13% to N4.3trn in May despite stable oil output](https://businessamlive.com/nnpcls-revenue-falls-13-to-n4-3trn-in-may-despite-stable-oil-output/): • Profit goes south to N4.62bn • Remitted N4.858trn to federation account Jan-May 2026 Nigeria’s state-run energy company, the Nigerian National Petroleum Company Limited (NNPCL), reported a sharp fall in revenue by 13 percent to N4.335 trillion (or $3.13 billion, exchange rate N1,385/$1) in May, down from N4.971 trillion (about $3.63 billion) in the previous month, according to the national oil company's latest monthly report. In addition, the NOC also experienced southward profit after tax margin for the same period by N462 billion (or $334.78 million) down from N481 billion (or $354 million) in the previous month. All these are despite Nigeria maintaining relatively stable crude oil and natural gas production of 1.73 million barrels per day (bpd), consisting of about 1.53 million bpd of crude oil and 170,000 bpd of condensates. The revenue drop highlights the continued financial pressures facing Africa’s top oil producer. The report summary indicates the revenue fall of N636 billion, representing a decline of nearly 13 percent. The national oil company explained the weaker financial performance came due to prevailing market conditions, pricing dynamics and operational challenges which weighed on earnings during the month under review. NNPCL said average crude oil and condensate production stood at 1.73 million barrels per day, while natural gas output reached 7.774 billion standard cubic feet per day (bscf/d). During the reporting period, the company maintained a 98 percent upstream pipeline availability rate, reflecting continued operational reliability across its production network. However, despite stable production, NNPCL said several operational issues have continued to affect its performance, limiting production potential. But explained that it is intensifying efforts to address declining reservoir pressure, lifting constraints, maintenance-related shutdowns and facility reliability challenges. It said, “These measures are expected to reduce production deferments, improve asset availability, and boost overall output”. According to the report, retail fuel availability at NNPC retail stations averaged 57 percent in May 2026. The company said, despite the earnings decline, it remains major contributor to government revenue, continued to make significant fiscal contributions to the Nigerian government. It remitted N4.858 trillion to the federation account between January and May 2026 through statutory payments, reinforcing its role as one of the country’s largest sources of public revenue. NNPCL said substantial progress has been made on two of Nigeria’s flagship gas infrastructure projects aimed at improving domestic gas supply and strengthen energy security. The Ajaokuta–Kaduna–Kano (AKK) gas pipeline has reached 94 percent completion, with construction, installation and pre-commissioning activities progressing toward the commencement of gas supply to Abuja later this year. The OB3 River Niger crossing pipeline is 97 percent complete, with post-pullback pre-commissioning and tie-in activities underway. The pipeline section is expected to be fully commissioned before the end of the third quarter of 2026. "Both projects form a key part of the Federal Government’s Decade of Gas initiative, which seeks to leverage Nigeria’s vast natural gas reserves to boost industrial development, expand domestic energy supply and reduce reliance on crude oil exports," the company said. Beyond its energy operations, NNPCL said it engaged in a healthcare intervention through the NNPC Foundation. The foundation commissioned a 1.5 Tesla Magnetic Resonance Imaging (MRI) system at the Nnamdi Azikiwe University Teaching Hospital in Nnewi, Anambra State, alongside supporting power infrastructure, including chillers, an uninterruptible power supply system and backup facilities. More than 40 patients received free MRI scans during a training programme for radiologists and radiographers before the equipment became operational. The facility is expected to improve access to advanced diagnostic services in southeastern Nigeria by reducing patient referrals outside the region and supporting earlier disease detection, the national oil company explained. NNPC said all the financial and operational figures contained in the May 2026 report were provisional and are subject to reconciliation with relevant stakeholders.
- [Vitafoam expands retail network with new Lagos comfort centre](https://businessamlive.com/vitafoam-expands-retail-network-with-new-lagos-comfort-centre/): Vitafoam Nigeria Plc has strengthened its retail expansion strategy with the inauguration of a new Comfort Centre in Lagos, as the country's leading foam and sleep products manufacturer seeks to deepen customer engagement, enhance brand visibility and accelerate growth through its franchise network.
- [CIS defends T+1 reform as FTSE Russell puts Nigeria’s frontier market return on hold](https://businessamlive.com/cis-defends-t1-reform-as-ftse-russell-puts-nigerias-frontier-market-return-on-hold/): The Chartered Institute of Stockbrokers (CIS) has defended Nigeria's capital market reforms following FTSE Russell's decision to delay the country's expected reclassification to Frontier Market status, arguing that the postponement reflects a technical assessment of the new T+1 settlement regime rather than a setback for ongoing market reforms.
- [NAMA battles ₦34.7bn, $49.5m debt burden as aviation funding crisis deepens](https://businessamlive.com/nama-battles-%e2%82%a634-7bn-49-5m-debt-burden-as-aviation-funding-crisis-deepens/): The Nigerian Airspace Management Agency (NAMA) says outstanding debts of more than ₦34.69 billion and $49.48 million owed by aviation agencies, airlines, state governments and corporate organisations are putting pressure on its finances, as workers of the Nigerian Meteorological Agency (NiMet) suspended a planned nationwide protest after government intervention.
- [Lagos Free Zone backs industrial growth with investment in STEM talent](https://businessamlive.com/lagos-free-zone-backs-industrial-growth-with-investment-in-stem-talent/): Lagos Free Zone (LFZ) has reinforced its long-term investment in human capital development with the 10th edition of the Tolaram Science Challenge (TSC), underscoring the company's strategy of developing future technical talent alongside its expanding industrial and logistics ecosystem in Nigeria.
- [NBC expands manufacturing capacity as Coca-Cola advances $1bn Nigeria investment](https://businessamlive.com/nbc-expands-manufacturing-capacity-as-coca-cola-advances-1bn-nigeria-investment/): Nigerian Bottling Company (NBC) has expanded its manufacturing capacity with the commissioning of three new production lines in Oyo and Kano States, reinforcing the Coca-Cola System's long-term investment strategy in Nigeria despite a challenging operating environment.
- [Tanzania begins Indorama Nigeria negotiations for East-African fertiliser investment](https://businessamlive.com/tanzania-begins-indorama-nigeria-negotiations-for-east-african-fertiliser-investment/): Tanzania, whose economy demonstrated robust growth in 2025, recording a GDP expansion of about 5.8 percent, has approached Indorama Fertiliser Limited (IFL), to open a fertiliser plant in the country, according to a report by the company.
- [Sahara Group appoints Soetan as Arahas MD to drive oilfield services transformation across Africa](https://businessamlive.com/sahara-group-appoints-soetan-as-arahas-md-to-drive-oilfield-services-transformation-across-africa/): Sahara Group, a leading international and infrastructure company, has appointed Folake Soetan as managing director of its Arahas Global Oilfield Services as the organisation accelerates its "Beyond XXX" agenda focused on deepening impact, advancing operational excellence, and shaping the future of energy across Africa. Adedeji Odunsi, executive director at Sahara Group, said the development in Arahas, a subsidiary of the Sahara Group, reinforces the energy and infrastructure conglomerate’s dedication to making a difference in the energy sector through long-term vision and growth priorities. “Our focus is on building future-ready platforms anchored on strong leadership, clear strategy, and disciplined execution. Folake’s appointment reflects our commitment to empowering leaders who can translate ambition into measurable outcomes across our energy ecosystem,” Odunsi said. Soetan’s appointment comes at a defining moment for Arahas, an integrated oilfield services business, which is positioned to redefine how oilfield services are delivered across the value chain through a bold emphasis on innovation, operational efficiency, and sustainability. In her new role, she will lead the drive to embed Arahas’ core focus of delivering high-impact, value-driven solutions to partners and stakeholders. Her mandate reflects a strategic intent to strengthen Arahas as a globally competitive platform rooted in African expertise, engineering excellence, and operational reliability. It is also expected to accelerate Arahas’ ability to deliver efficient solutions that optimise production, extend asset life, and enhance operational certainty across the energy lifecycle. According to Odunsi, beyond Arahas, Folake’s role will extend to expanded responsibilities within the Sahara power group, where she will leverage her extensive experience in the power sector – particularly her tenure as chief executive officer of Ikeja Electric – to enhance performance frameworks, strengthen operational linkages, and support the delivery of reliable electricity solutions. “This dual responsibility signals Sahara’s deliberate effort to create stronger integration across its upstream and power value chains, unlocking synergies that will enable a more cohesive, efficient, and sustainable approach to energy delivery across the continent,” he said. Soetan said she was quite primed for her role and the broader opportunity to contribute to Sahara’s evolving energy vision. “Arahas represents a bold and timely opportunity to redefine how oilfield services are delivered across Africa, anchored on innovation, efficiency, and sustainability. I am excited to work with the team to build a high-performance platform that strengthens the integration of our Beyond XXX agenda and shape a more resilient energy landscape for the continent,” Soetan said. She brings to the role a compelling blend of strategic leadership, operational depth, and transformation experience, shaped by years of leading complex businesses within Nigeria and Ghana’s energy sector. She had previously worked in the midstream, downstream, power and airline sectors, and will now bring her experience to the upstream services sector. During her time as CEO of Ikeja Electric, Soetan drove significant operational and organisational improvements, strengthened customer-centric initiatives, and led the business through a period of heightened performance focus within one of Africa’s largest electricity distribution companies. Her leadership was defined by a strong emphasis on efficiency, accountability, and sustainable value creation, alongside her ability to navigate regulatory complexity, manage diverse stakeholder interests, and deliver results in a highly dynamic environment.
- [World Bank redirects $730m power loan to electricity distribution](https://businessamlive.com/world-bank-redirects-730m-power-loan-to-electricity-distribution/): Global lender, the World Bank has decided rather to redirect a $730 million financing facility towards reviving Nigeria's electricity distribution network, following the discontinuance of the original Power Sector Recovery Programme (PSRP), according to several expert sources who have knowledge of the development. Though reports are circulating about the facility's withdrawal by the World Bank, however, sources said the detour was with the knowledge of the Nigerian government over the funding, which was initially allocated under the PSRP to support broad based reforms in Nigeria’s electricity market. Now the facility will be used fully to strengthen the distribution segment of the power sector through expanded customer metering and critical network upgrades. Nigeria's electricity distribution struggles with massive financial shortfalls, inadequate infrastructure, and commercial inefficiencies. These issues result in widespread metering deficits, energy theft, and frequent power outages across the country, limiting power access for millions and crippling local economies. The loan restructuring, according to some industry watchers, follows Nigeria’s inability to meet key reform conditions tied to the original programme, including eliminating electricity tariff subsidies and reducing the sector’s mounting revenue shortfall. These unmet conditions also hindered the country from accessing an additional $750 million financing tranche linked to the programme. One source explained that the World Bank has not actually cancelled the $730 million facility, against circulating reports. Rather, the global lender and the Nigeria government agreed to redesign the programme to address more immediate operational challenges in the electricity distribution network. Nigeria’s power sector experiences a massive gap between what its infrastructure can theoretically produce and what everyday consumers actually receive. The country has total installed grid generation capacity of 13,625 megawatts (MW), but it only manages actual daily generation of 4,000 to 4,600 MW. Out of this generated amount, approximately 3,400 to 3,900 MW get to be successfully distributed to homes and businesses by the electricity distribution companies (DisCos). One of the sources familiar with the discussions said, “Nigeria remains the beneficiary of the loan. It has not been withdrawn but re-focused on another priority area within the power sector”. Under the revised framework, the financing will support the expansion of electricity metering, enabling the distribution companies (DisCos) to connect more customers to accurate billing systems and improve revenue collection. A massive metering gap forces millions of consumers onto arbitrary "estimated billing". With a total number of registered, active electricity consumers of over 12.3 million, only about 7.21 million consumers have been provided with functional meters. As a result, the programme will also finance upgrades to key distribution infrastructure, including substations, transformers and other network assets, to improve electricity reliability and reduce technical losses across the grid. The government believes strengthening the distribution network is critical to improving the financial sustainability of the country’s power market, where privately owned DisCos have struggled with weak revenue collection, aging infrastructure and persistent liquidity constraints. However, the DisCos, as beneficiaries of the redirected World Bank financing programme, will be required to comply with performance benchmarks and financing conditions attached to the facility. Why was the original programme abandoned? Our correspondent was told by a source that, two primary issues punctuated the objectives of the original PSRP:  the sharp deterioration in the sector’s financial position following Nigeria’s foreign exchange reforms, and the government's inability to fully remove electric power subsidy, which was a requirement of the PSRP. Under the Muhammadu Buhari administration, the electricity tariff shortfall had declined substantially from about N580 billion in 2019 to about N143 billion by 2022. Authorities had planned to reduce the deficit to roughly N100 billion in 2023, before eliminating it entirely. The onset of Bola Tinubu administration by May 2023 caused a dramatic policy somersault, with the current administration's introduction of unified foreign exchange market in June 2023. The consequential depreciation of the naira—from around N350 to the U.S. dollar to more than N1,500—substantially raised electricity generation costs. In particular, natural gas contracts and several industry inputs in the power sector are priced in or indexed to the U.S. dollar. The result of the FX policy significantly expanded the sector’s tariff shortfall, reaching an estimated N2 trillion by 2025, making the financial targets underpinning the original World Bank programme unattainable. According to World Bank's reckoning, Nigeria government's continued support for electricity tariffs leaves the sector with a persistent liquidity gap that prevents full implementation of the PSRP’s reform agenda. The global lender had predicted the electricity tariff shortfall could rise to over N3 trillion in 2023. Combined, the FX shock and tariff subsidies continuation prompted the federal government and the World Bank to redesign the programme rather than terminate the financing. An approximately $20 million allocated for technical assistance under the original programme remains largely undisbursed. The funding was intended to strengthen key institutions overseeing Nigeria’s electricity market, including the Nigerian Electricity Regulatory Commission (NERC), the Nigeria Bulk Electricity Trading Plc (NBET) and the Federal Ministry of Power. That component is expected to remain available under the revised distribution sector recovery programme. Implications for Investors: Power sector analysts say the restructuring reflects a pragmatic shift in Nigeria’s electricity reform strategy, prioritising operational improvements that can generate measurable gains in revenue collection and electricity supply over broader structural reforms that have proven politically and economically difficult to implement. For investors and development finance institutions, the redesigned programme shows the importance of strengthening the distribution segment that has been the weakest link in Nigeria’s electricity value chain—as the country seeks to improve energy access, reduce market inefficiencies and attract additional private capital into the electric power sector.
- [Ibom Air expands regional network through Uyo](https://businessamlive.com/ibom-air-expands-regional-network-through-uyo/): Ibom Air's scheduled international services from Uyo are creating opportunities for regional travel, airport utilisation and investment, as the airline positions Akwa Ibom's capital as another gateway for cross-border air travel in West Africa.
- [Air Peace expands regional growth strategy with first brand-new Embraer E175 delivery](https://businessamlive.com/air-peace-expands-regional-growth-strategy-with-first-brand-new-embraer-e175-delivery/): Air Peace has taken delivery of its first brand-new Embraer E175 aircraft, strengthening the airline's regional expansion strategy as it seeks to improve connectivity across West and Central Africa while enhancing fleet efficiency.
- [Google deepens Africa AI drive with new cloud, innovation investments](https://businessamlive.com/google-deepens-africa-ai-drive-with-new-cloud-innovation-investments/): Google Cloud has unveiled a new wave of investments across Africa spanning artificial intelligence, cloud infrastructure, digital connectivity and startup development, reinforcing the continent's growing importance in the global technology industry's race to capture emerging AI markets.
- [Cable alone will not save Nigeria’s broadband dream, MegaMore Ceo warns](https://businessamlive.com/cable-alone-will-not-save-nigerias-broadband-dream-megamore-ceo-warns/): Fibre-optic cable can be laid across every street in Nigeria and still fail the citizens it was built to serve, Amin Dayekh, the managing director/CEO of MegaMore Wireless Broadband Limited, told operators, regulators and investors gathered in Lagos recently.
- [Fragmented labour data undermining jobs, productivity- Yemi Kale](https://businessamlive.com/fragmented-labour-data-undermining-jobs-productivity-yemi-kale/): Fragmented labour market data is undermining productivity, job creation and economic competitiveness, prompting the African Export-Import Bank (Afreximbank) to advocate a unified national skills intelligence system to better connect employers with available talent. 
- [NECLive, Frontyard Group release The State of Nigeria’s Creative Economy 2026 report](https://businessamlive.com/neclive-frontyard-group-release-the-state-of-nigerias-creative-economy-2026-report/): The Nigerian Entertainment Conference (NECLive), in partnership with Frontyard Group, has released The State of Nigeria's Creative Economy 2026.
- [The Macallan x The Delborough host exclusive Michelin-star dining experience in Lagos](https://businessamlive.com/the-macallan-x-the-delborough-host-exclusive-michelin-star-dining-experience-in-lagos/): The Macallan, the renowned single malt Scotch whisky, partnered with The Delborough Lagos to host an exclusive dining experience that brought together some of Nigeria's most influential business leaders, entrepreneurs and cultural tastemakers, marking a significant moment in the evolution of experiential luxury in the country.
- [Global LNG demand to rise 65% unfazed by Middle East disruptions, says Shell report](https://businessamlive.com/global-lng-demand-to-rise-65-unfazed-by-middle-east-disruptions-says-shell-report/): • 700m tonnes annually  • Europe to remain major LNG consumer Ben Eguzozie, in Port Harcourt Global demand for liquefied natural gas (LNG) appears unfazed by conflicts in the Middle East which have forced off global supply disruptions, and is projected to rise by approximately 65 percent by 2050, reaching 700 million tonnes annually, according to Shell's LNG Outlook 2026. Countries across the world are increasingly relying on natural gas to strengthen their energy security and support the transition to Net-Zero 1.5°C (lower-carbon energy systems) by 2030. The report predicts sustained long-term growth in global LNG consumption notwithstanding the short-term geopolitical disruptions that have fundamentally reshaped world energy markets. Global LNG trade hit 422 million tonnes in 2025, and was expected to increase in 2026. According to the International Energy Agency (IEA), between 2019 and June 2026, more than 450 billion cubic metres per year (bcm/yr of LNG export capacity reached final investment decision (FID), averaging over 55 bcm/yr of new capacity annually. The conflict in the Middle East orchestrated by U.S.-Israel-Iran attacks has temporarily disrupted world supply chains following the blockage of Strait of Hormuz—one of the world’s most important energy transit choke-points — with shipping via the route severely affected. This has temporarily restricted about 20 percent of monthly global LNG supplies. In particular, LNG spot prices, especially in Asia has been driven higher by the disruptions, while creating supply challenges for several LNG-importing countries. However, increased liquefaction capacity in North America, stronger output from existing LNG facilities and slower import growth in parts of Asia have helped cushion the market from more severe shortages. The Shell LNG Outlook said global LNG trade in 2026 could remain broadly in line with 2025 volumes if shipping through the Strait of Hormuz returns to normal during the summer, before resuming stronger growth from 2027 onward. Cederic Cremers, president of integrated gas at Shell, said, “The conflict created a system-wide shock with disruption cascading across all segments of the economy, but the LNG industry has proved resilient and able to adapt to changing market conditions”. He added that “While more investment in both supply and demand infrastructure is needed, the long-term outlook remains strong and LNG will continue to be a stabilising force in the global energy system”. New supply expected by 2030: Shell estimates that approximately 180 million tonnes of new annual LNG production capacity will come online by 2030, significantly improving global gas availability while supporting affordability and expanding access to emerging energy markets. However, the global energy company cautioned that the benefits of increased supply will depend on importing countries investing in critical infrastructure, including LNG import terminals, regasification facilities and pipeline networks. South and Southeast Asia are expected to account for roughly 40 percent of global LNG imports by 2050, driven by rapid economic growth, rising electricity demand and efforts to replace coal with cleaner-burning natural gas. Also, more mature markets such as Japan are witnessing new demand from the rapid expansion of energy-intensive data centres supporting artificial intelligence and cloud computing. Shipping sector to drive new demand: The Shell LNG Outlook 2026 says it expects LNG demand from the maritime industry to accelerate significantly as global shipping seeks cleaner fuels to reduce emissions. The report projects that LNG bunkering—the supply of LNG as marine fuel—will increase seven-fold to 27 million tonnes annually by 2035, exceeding the total volume of LNG imported by India in 2025. Europe is also expected to remain a major LNG consumer as the region continues reducing reliance on domestic gas production while using natural gas to complement renewable energy sources such as wind and solar. Energy industry watchers say new investment is needed to meet projected global demand. Shell said it estimates that an additional 200 million tonnes of annual liquefaction capacity will be required during the 2030s and 2040s, beyond projects already under construction. The global energy company said continued investment across the LNG value chain—including production, transportation, storage and import infrastructure—will be critical to ensuring reliable energy supplies and supporting the global energy transition. LNG market shows greater resilience Although Asian spot LNG prices climbed above $20 per million British thermal units (MMBtu) during the peak of the Middle East conflict, they remained well below the price spikes recorded in 2022 following Russia’s invasion of Ukraine, highlighting improved resilience in the global LNG market. Long-term supply contracts, which account for around two-thirds of global LNG trade, have also helped shield buyers from extreme price volatility. According to Shell, the average LNG purchase price under long-term agreements stood at approximately $11–12 per MMBtu in May, compared with $7–11 per MMBtu before the latest geopolitical tensions emerged. The outlook reinforces LNG’s growing role as a strategic fuel for countries seeking to balance energy security, affordability and lower emissions while supporting economic growth and industrial development over the coming decades.
- [UBA rewards customers with N400m as banks battle for retail deposits](https://businessamlive.com/uba-rewards-customers-with-n400m-as-banks-battle-for-retail-deposits/): United Bank for Africa (UBA) Plc, says it has paid more than N400 million in anniversary bonuses to thousands of customers under its flagship UBA Bumper Account, underscoring the growing competition among Nigerian lenders to deepen retail deposits through customer rewards and savings-led banking.
- [Shell forecasts 65% jump in LNG demand despite geopolitical risks](https://businessamlive.com/shell-forecasts-65-jump-in-lng-demand-despite-geopolitical-risks/): Global demand for liquefied natural gas (LNG) is expected to rise by about 65 per cent by 2050, underscoring the fuel's growing role in the global energy transition despite mounting geopolitical tensions and supply chain disruptions, according to Shell Plc.
- [S&P warns Nigerian banks face elevated loan losses through 2026](https://businessamlive.com/sp-warns-nigerian-banks-face-elevated-loan-losses-through-2026/): Nigerian banks are likely to face another year of elevated credit losses as stubborn inflation, high borrowing costs and the withdrawal of regulatory support continue to strain borrowers' repayment capacity, according to a new assessment by S&P Global Ratings.
- [Nigeria wins $1.25bn World Bank vote of confidence on reforms](https://businessamlive.com/nigeria-wins-1-25bn-world-bank-vote-of-confidence-on-reforms/): The World Bank Group has approved a new $1.25 billion policy financing package for Nigeria, placing private sector-led growth at the centre of its six-year engagement with Africa's third largest economy as it seeks to convert recent macroeconomic reforms into jobs, higher productivity and broader economic inclusion.
- [European financiers deepen Nigeria bet with €520m investment drive](https://businessamlive.com/european-financiers-deepen-nigeria-bet-with-e520m-investment-drive/): The new commitments, announced at the 10th Nigeria–European Union Business Forum in Abuja, underscore a growing shift by European financiers from traditional development assistance to long-term investment partnerships aimed at supporting infrastructure, renewable energy, agriculture, healthcare, digital infrastructure and small businesses.
- [Finance minister, Oyedele says faster contract enforcement critical to capital market growth](https://businessamlive.com/finance-minister-oyedele-says-faster-contract-enforcement-critical-to-capital-market-growth/): The federal government has been urged to establish a specialised Commercial Dispute Resolution Tribunal to accelerate the resolution of business disputes, with Taiwo Oyedele, the minister of finance and coordinating minister of the economy, warning that Nigeria's slow judicial process is eroding investor confidence and undermining the country's ambition to attract long-term capital.
- [FTSE Russell defers Nigeria’s frontier market reclassification over T+1 settlement concerns](https://businessamlive.com/ftse-russell-defers-nigerias-frontier-market-reclassification-over-t1-settlement-concerns/): A planned return to the FTSE Russell Frontier Market Index has encountered an unexpected setback after the global index provider postponed a final decision on Nigeria's reclassification, citing concerns that the country's newly introduced T+1 settlement regime could deter foreign institutional investors and slow the return of portfolio capital inflows. 
- [Brand Nigeria! When the driver of your vehicle goes rogue](https://businessamlive.com/brand-nigeria-when-the-driver-of-your-vehicle-goes-rogue/): Two recent developments in the Nigerian political economy space sparked rising concern and worry on the direction the country is headed, if it was heading anywhere at all.
- [The communication cost of governance: When the messenger becomes the story](https://businessamlive.com/the-communication-cost-of-governance-when-the-messenger-becomes-the-story/): The difference was not always the quality of policy. More often than many governments realise or acknowledge, it was the quality of communication. That distinction matters more today than at any other time in recent history. 
- [Spotlighting Nigeria’s housing conundrum and how to solve it](https://businessamlive.com/spotlighting-nigerias-housing-conundrum-and-how-to-solve-it/): Nigeria's housing crisis remains one of the country's most pressing development challenges. According to the National Housing Data Technical Committee established by the Federal Ministry of Housing and Urban Development in 2025, the country faces a housing deficit of about 14.95 million units. This enormous gap reflects a severe imbalance between housing supply and demand, compounded by soaring building material costs, inconsistent government policies, prohibitively high mortgage interest rates of between 20 and 30 percent, and an overemphasis on luxury housing at the expense of affordable homes for low- and middle-income Nigerians.
- [Nollywood 2.0 How AI is revolutionising Nigeria’s creative empire](https://businessamlive.com/nollywood-2-0-how-ai-is-revolutionising-nigerias-creative-empire/): The scene: a bustling Nollywood set in Lagos. The director calls "cut," but instead of waiting days for a colorist to grade the footage, an AI-powered software instantly applies a cinematic "Lagos at dusk" filter, matching the iconic golden-hour glow. In another studio, an editor uses an AI tool to seamlessly dub an actor’s lines from English into fluent Yoruba, lip-syncing perfectly. Meanwhile, a marketer analyses AI predictions on which film trailer will most engage viewers in Kano versus Port Harcourt. This is not science fiction; it is the emerging reality of Nollywood, where Africa’s most prolific film industry is embracing Artificial Intelligence to amplify its storytelling power and conquer global markets.
- [On cooking gas affordability and Nigeria price fluctuations](https://businessamlive.com/on-cooking-gas-affordability-and-nigeria-price-fluctuations/): Among the essential sources of domestic energy is Liquefied Petroleum Gas (LPG), commonly known as cooking gas. LPG is a mixture of hydrocarbon gases, primarily propane and butane, with small quantities of pentane depending on its source. As a cleaner-burning fuel, LPG has become the preferred cooking energy for millions of households, replacing firewood and kerosene in many rural, semi-urban and urban communities across Nigeria.
- [Hired to drive. Never asked if well.](https://businessamlive.com/hired-to-drive-never-asked-if-well/): Rideshare platforms like Uber deploy strangers to pick up strangers — often at night, often in isolation — and govern that relationship with a criminal background check. What that check almost never includes is a psychological health assessment. As a Trauma-informed care specialist, I can state with clinical confidence that sexual violence is rarely an isolated act of evil. It is the endpoint of untreated psychological distress: dysregulated nervous systems, unprocessed trauma, and the compounding weight of financial pressure and social isolation — conditions that define the daily reality of many gig economy workers. A driver working twelve-hour shifts with no colleague, no manager, and no mental health infrastructure is not a safe driver by default. He is an unmonitored one.
- [Access Bank, CBN’s ‘FHC Draft’, and the dividend puzzle](https://businessamlive.com/access-bank-cbns-fhc-draft-and-the-dividend-puzzle/): The Central Bank of Nigeria's (CBN’s) June 2026 draft guideline on Financial Holding Companies has reignited debate around bank dividends, capital buffers, and the structure of banking groups. At the centre of this is Access Bank/Access Holdings, whose management has repeatedly stated that it has resolved all regulatory restrictions except the 10 percent foreign subsidiary investment limit. Understanding the dividend outlook requires separating three distinct issues: structural compliance, forbearance, and CBN verification.
- [Foreign carriers tighten grip on Nigeria’s $1.7bn international air travel market](https://businessamlive.com/foreign-carriers-tighten-grip-on-nigerias-1-7bn-international-air-travel-market/): Foreign airlines continue to dominate Nigeria's international aviation market, accounting for about 90 per cent of international passenger traffic and generating an estimated $1.7 billion in annual ticket revenues, highlighting the structural and financial constraints limiting indigenous carriers' participation in the country's most lucrative air travel segment.

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