Top 15 Weekly Business News Roundup For Latest Nigeria News
Here is the New Telegraph’s weekly business news roundup of the top 15 latest Nigerian news stories making headlines from Monday, July 6, 2026, to Saturday, July 11, 2026. Nigeria Earns N584bn From PMS, Diesel. . .
Here is the New Telegraph’s weekly business news roundup of the top 15 latest Nigerian news stories making headlines from Monday, July 6, 2026, to Saturday, July 11, 2026. Nigeria Earns N584bn From PMS, Diesel ExportsAs Nigeria motorists battle with local refiners and marketers over price, about 689 million litres (505,000 tonnes) of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) worth N584 million ($432. 35 million) have left Nigeria to different destinations in West African and Europe in less that one month. Currently, consumers of the products are still paying higher pump price…Read moreNEPL/Seplat Energy JV Builds Contracting Capacity For Host Community VendorsThe NNPC Exploration and Production Limited (NEPL)/Seplat Energy Joint Venture (JV) has organized a one-day sensitisation workshop for vendors in its Western Assets Host Community Development Trust (HCDT) targeted at evaluating the approved HCDT contracting processes and reinforcing compliance with the procurement governance requirements. The workshop which was held in Sapele, Delta State, brought together…Read more8 Nigerian Firms Secure $1. 5m Grant To Expand Clean Energy BusinessesEight Nigerian companies are among 19 African firms awarded 1. 5 million dollars under the Productive Use Financing Facility (PUFF) to expand solar-powered productive appliances for entrepreneurs and small businesses. The funding was announced by CLASP, a global nonprofit organisation promoting…Read moreDangote Cement GMD Champions Net-Zero Production At Global CEO’s SummitThe Group Managing Director of Dangote Cement Plc, Arvind Pathak, has declared that Africa is well-positioned to lead the next phase of sustainable industrial growth by accelerating decarbonization while expanding cement production to meet the continent’s rising infrastructure needs. Pathak spoke after joining global industry leaders at the Global Cement and…Read moreEBID Approves $260m For Section Of Trans-Saharan Highway In NigeriaThe Board of Directors of the ECOWAS Bank for Investment and Development (EBID), under the chairmanship of its President, Dr George Donkor, recently held its 99th Ordinary Session, during which it approved over $417 million in financing for five public and private sector projects, to strengthen infrastructure, healthcare, housing, mining, financial resilience and regional connectivity across West Africa, according to a press release issued by the bank. The approved projects, according to a statement include $260 million for a…Read moreAfCFTA: ‘Redesigning Africa’s Trade Corridors Needs Massive Investment’The Managing Director, Tata Africa, Jacques Taylor, has disclosed that redesigning Africa’s trade corridors to facilitate prompt free trade movement will need massive investment in the continent, in line with the African Continental Trade Area (AfCFTA) agreement to boost the continent’s GDP (Gross Domestic Product). Taylor described AfCFTA as the world’s largest trade area by participating countries…Read moreInt’l Breweries Proposes Share Capital Reduction To Erase LossesInternational Breweries Plchas announced a proposed share capital reduction aimed at eliminating its accumulated losses and returning excess capital to shareholders, as part of efforts to strengthen its balance sheet and restore its ability to pay dividends in the future. In a notice made available to the Nigerian Exchange Limited (NGX), the brewer said…Read moreSEC DG Urges Policy Stability As Nigeria Eyes Frontier Market ReclassificationThe Director-General of the Securities and Exchange Commission (SEC),Dr. Emomotimi Agama, has urged policymakers to maintain consistent economic policies and strengthen operational resilience as Nigeria seeks to regain Frontier Market status after being placed on the S&P Dow Jones Indices (S&P DJI) 2027 Watchlist. In a strategy paper titled “Nigeria’s Path to Index Reclassification:…Read moreACAEBIN Strengthens Nigeria’s Open Banking Revolution Int’l Study TourIn a bold move to fast-track Nigeria’s Open Banking future, theAssociation of Chief Audit Executives of Banks in Nigeria (ACAEBIN)has wrapped up a high-powered International Training and Study Tour in partnership with Euromoney and the Association of Banks in Singapore (ABS). Themed “Open Banking 360°: Strategy, Risk and Assurance for a Secure and…Read moreShell Recognised For Landmark Achievements At NOG Energy AwardsShell has won awards at the 25th edition of the Nigeria Oil and Gas (NOG)Energy Week Conference and Exhibition in Abuja in recognition of pioneering contributions to the energy industry in the country. It won the Equality in Energy award while a Shell company, Daystar Power was…Read more30 Vessels To Arrive Lagos Ports With Petroleum Products, Other ItemsThe Nigerian Ports Authority (NPA) says 33 ships with petroleum products, food items and other goods are expected at Apapa, Lekki Deep Sea Port and Tincan Island port in Lagos. The NPA disclosed this on its Daily Shipping Position yesterday. The authority said the vessel are expected from July 8 till July 20. It…Read moreFintech Boom Fuels 45% Spike In Nigeria’s Cybercrime IncidentsThe expansion of Nigeria’s digital economy is gathering pace, with fintech companies driving financial inclusion, artificial intelligence being adopted across sectors, and public and private services moving online. These developments have also widened the country’s cyber threat ecosystem…Read moreESSO Commits Over $300m To Boost Nigeria’s Deepwater Output By 40,000 Barrels DailyNigeria’s drive to ramp up crude oil production has received a major boost as ESSO Exploration and Production Nigeria Offshore East Limited announced an investment of more than $300 million in the Usan Infill Project, a development expected to unlock an additional 40,000 barrels of oil per day (bpd) from the country’sdeepwater assets. The project, which has already secured funding from partners in OML 138, was also…Read moreIMF Retains Nigeria’s 2026 Economic Growth Outlook At 4. 1%TheInternational Monetary Fund (IMF)has maintained its growth forecasts for Nigeria’s economy in 2026 and 2027 at 4. 1 per cent and 4. 3 percent respectively…Read moreTrump Says Iran Ceasefire Over As US Stock Futures Tumble, Oil Prices SurgeUnited States stock market futures fell sharply on Wednesday afterPresident Donald Trumpdeclared that the ceasefire with Iran was effectively over, raising fears of renewed conflict in the Middle East and triggering volatility across global financial markets. Futures linked to the S&P 500 dropped by 1. 0 per cent, while the Nasdaq 100…Read morePlease follow and like us: