Business Archives - TheCitizen - It's all about you https://thecitizenng.com/category/business/ Nigeria's leading online newspaper Sat, 03 Oct 2026 12:04:41 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.7 https://thecitizenng.com/wp-content/uploads/2017/04/cropped-TheCitizen-330x50-1-32x32.png Business Archives - TheCitizen - It's all about you https://thecitizenng.com/category/business/ 32 32 MT Asharami Ghana delivers 5,000MT LPG cargo to Ghana, boosts energy security, regional trade https://thecitizenng.com/mt-asharami-ghana-delivers-5000mt-lpg-cargo-to-ghana-boosts-energy-security-regional-trade/ https://thecitizenng.com/mt-asharami-ghana-delivers-5000mt-lpg-cargo-to-ghana-boosts-energy-security-regional-trade/#respond Sat, 03 Oct 2026 12:04:41 +0000 https://thecitizenng.com/?p=287319 MT Asharami Ghana, a 40,000-cubic-metre Liquefied Petroleum Gas (LPG) carrier has delivered 5,000 metric tonnes of LPG in its maiden voyage to Ghana, boosting efforts to strengthen energy security, LPG supply reliability and position the nation as a strategic hub for regional energy trade. Purpose-built to serve Ghana and neighbouring markets, MT Asharami Ghana forms […]

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]]> https://thecitizenng.com/mt-asharami-ghana-delivers-5000mt-lpg-cargo-to-ghana-boosts-energy-security-regional-trade/feed/ 0 Community leaders, scholars applaud Egbin Power’s scholarship programme https://thecitizenng.com/community-leaders-scholars-applaud-egbin-powers-scholarship-programme/ https://thecitizenng.com/community-leaders-scholars-applaud-egbin-powers-scholarship-programme/#respond Fri, 02 Oct 2026 19:05:17 +0000 https://thecitizenng.com/?p=287315 Community leaders, stakeholders, and students have commended Egbin Power’s annual scholarship programme for its significant contribution to expanding access to quality education and promoting academic excellence among students in its host communities. The commendation came during the scholarship award ceremony at Egbin Power Clubhouse Auditorium, where stakeholders applauded the initiative for creating meaningful educational opportunities […]

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]]> https://thecitizenng.com/community-leaders-scholars-applaud-egbin-powers-scholarship-programme/feed/ 0 Nigeria, U.S. sign framework for $700 billion mineral investment https://thecitizenng.com/nigeria-u-s-sign-framework-for-700-billion-mineral-investment/ https://thecitizenng.com/nigeria-u-s-sign-framework-for-700-billion-mineral-investment/#respond Fri, 25 Sep 2026 06:39:07 +0000 https://thecitizenng.com/?p=287293 Nigeria and the United States have signed a landmark framework aimed at unlocking investment in Nigeria’s estimated $700 billion mineral resources and deepening bilateral cooperation in the critical minerals sector. Nigeria broke new ground in a drive to woo the United States to invest in the mining sector at a historic agreement-signing ceremony at Nigeria’s […]

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]]> https://thecitizenng.com/nigeria-u-s-sign-framework-for-700-billion-mineral-investment/feed/ 0 Gambia orders banks to replace foreign workers with locals https://thecitizenng.com/gambia-orders-banks-to-replace-foreign-workers-with-locals/ https://thecitizenng.com/gambia-orders-banks-to-replace-foreign-workers-with-locals/#respond Fri, 25 Sep 2026 06:00:51 +0000 https://thecitizenng.com/?p=287276 The Central Bank of The Gambia (CBG) has ordered commercial banks to replace non-Gambian employees who are not covered by approved expatriate quotas, a move that has sparked criticism over what some observers see as a retreat from West Africa’s free-movement ideals. The regulator has given banks until 31 December, 2026 to replace the affected […]

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]]> https://thecitizenng.com/gambia-orders-banks-to-replace-foreign-workers-with-locals/feed/ 0 Enugu Air opens international route to Cameroon, begins Enugu-Douala service https://thecitizenng.com/enugu-air-opens-international-route-to-cameroon-begins-enugu-douala-service/ https://thecitizenng.com/enugu-air-opens-international-route-to-cameroon-begins-enugu-douala-service/#respond Fri, 25 Sep 2026 05:46:04 +0000 https://thecitizenng.com/?p=287268 Enugu Air has commenced direct international flight operations between Enugu and Douala, Cameroon, opening a new regional air link from the South-East and strengthening Akanu Ibiam International Airport’s role as a gateway for international travel and commerce. The airline operated its maiden international flight on Wednesday, September 23, marking a major expansion of its operations […]

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]]> https://thecitizenng.com/enugu-air-opens-international-route-to-cameroon-begins-enugu-douala-service/feed/ 0 Dangote to support 2m women with refinery shares https://thecitizenng.com/dangote-to-support-2m-women-with-refinery-shares/ https://thecitizenng.com/dangote-to-support-2m-women-with-refinery-shares/#respond Tue, 22 Sep 2026 23:22:19 +0000 https://thecitizenng.com/?p=287217 The President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has said the Aliko Dangote Foundation will partner with state governments to help about two million vulnerable women acquire shares in Dangote Petroleum Refinery and Petrochemicals Limited. Dangote disclosed this in New York during the 81st United Nations General Assembly while responding to […]

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]]> https://thecitizenng.com/dangote-to-support-2m-women-with-refinery-shares/feed/ 0 CBN cuts interest rate to 23%, vows to contain election liquidity https://thecitizenng.com/cbn-cuts-interest-rate-to-23-vows-to-contain-election-liquidity/ https://thecitizenng.com/cbn-cuts-interest-rate-to-23-vows-to-contain-election-liquidity/#respond Tue, 22 Sep 2026 23:08:45 +0000 https://thecitizenng.com/?p=287210 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has cut the benchmark interest rate by 350 basis points to 23 per cent from 26.5 per cent, as easing inflation and improved foreign exchange conditions created room for the biggest rate adjustment in the current monetary policy cycle. The CBN Governor, Olayemi […]

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]]> https://thecitizenng.com/cbn-cuts-interest-rate-to-23-vows-to-contain-election-liquidity/feed/ 0 FG moves to implement Digital Free Zones https://thecitizenng.com/fg-moves-to-implement-digital-free-zones/ https://thecitizenng.com/fg-moves-to-implement-digital-free-zones/#respond Thu, 17 Sep 2026 22:53:03 +0000 https://thecitizenng.com/?p=287182 President Bola Ahmed Tinubu has moved to implement Nigeria’s Digital Free Zones initiative to its next phase, a rise in global capital, employment opportunities for  Nigerians and help local businesses build for international markets without moving their businesses and intellectual property abroad. A statement by Special Adviser to the President (Information and Strategy), Bayo Onanuga, […]

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]]> https://thecitizenng.com/fg-moves-to-implement-digital-free-zones/feed/ 0 Inflation eases to 15.39% amid rising cost of living https://thecitizenng.com/inflation-eases-to-15-39-amid-rising-cost-of-living/ https://thecitizenng.com/inflation-eases-to-15-39-amid-rising-cost-of-living/#respond Wed, 16 Sep 2026 22:48:57 +0000 https://thecitizenng.com/?p=287135 Nigeria’s headline inflation dropped marginally to 15.39 percent in the month of August, a report by the National Bureau of Statistics (NBS) has shown. The report said the figure was down from 15.43% in July 2026 and stood at 23.14% in the same month of the preceding year (August 2025). Looking at the movement, it […]

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]]> https://thecitizenng.com/inflation-eases-to-15-39-amid-rising-cost-of-living/feed/ 0 Peter Obi backs Dangote Refinery IPO, urges Nigerians to invest https://thecitizenng.com/peter-obi-backs-dangote-refinery-ipo-urges-nigerians-to-invest/ https://thecitizenng.com/peter-obi-backs-dangote-refinery-ipo-urges-nigerians-to-invest/#respond Wed, 16 Sep 2026 22:28:04 +0000 https://thecitizenng.com/?p=287120 The 2027 presidential candidate of the Nigeria Democratic Congress, Peter Obi, has encouraged Nigerians to invest in the ongoing Initial Public Offering of the Dangote Petroleum Refinery and Petrochemicals. Obi made the call in a statement posted on his X handle on Wednesday, saying he had been asked by Nigerians at home and in the […]

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]]> https://thecitizenng.com/peter-obi-backs-dangote-refinery-ipo-urges-nigerians-to-invest/feed/ 0 Crude oil hits $107, fresh petrol price hike looms https://thecitizenng.com/crude-oil-hits-107-fresh-petrol-price-hike-looms/ https://thecitizenng.com/crude-oil-hits-107-fresh-petrol-price-hike-looms/#respond Fri, 11 Sep 2026 01:02:36 +0000 https://thecitizenng.com/?p=287054 Petrol prices in Nigeria may rise further as international crude oil prices surged to $107 per barrel on Thursday from about $100 the previous day. The latest rally has increased pressure on domestic petrol prices, which have already climbed from about N830 per litre before the Middle East crisis to N1,310 or more in some […]

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]]> https://thecitizenng.com/crude-oil-hits-107-fresh-petrol-price-hike-looms/feed/ 0 FirstBank urges SMEs to adopt deliberate strategies for growth https://thecitizenng.com/firstbank-urges-smes-to-adopt-deliberate-strategies-for-growth/ https://thecitizenng.com/firstbank-urges-smes-to-adopt-deliberate-strategies-for-growth/#respond Fri, 11 Sep 2026 00:28:13 +0000 https://thecitizenng.com/?p=287034 FirstBank has urged small and medium-sized enterprises (SMEs) to adopt deliberate strategies around customer acquisition, sales conversion and retention to achieve sustainable growth, saying having a good product alone is no longer enough to thrive in a competitive market. The bank made the call during its Q3 SMEConnect Webinar, themed, “The SME Growth Blueprint: Practical Sales […]

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]]> https://thecitizenng.com/firstbank-urges-smes-to-adopt-deliberate-strategies-for-growth/feed/ 0 Dangote’s IPO targets 10 million retail investors https://thecitizenng.com/dangotes-ipo-targets-10-million-retail-investors/ https://thecitizenng.com/dangotes-ipo-targets-10-million-retail-investors/#respond Tue, 08 Sep 2026 09:54:58 +0000 https://thecitizenng.com/?p=286983 Dangote Petroleum Refinery and Petrochemicals is targeting 10 million retail investors with its N2.15 trillion initial public offering (IPO), a scale the transaction advisers said would be about 20 times the current retail participation record in Nigeria’s capital market. The disclosure was made yesterday in Lagos at the signing ceremony for the initial public offering by way […]

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]]> https://thecitizenng.com/dangotes-ipo-targets-10-million-retail-investors/feed/ 0 Foreign investors pull out N266bn from Nigeria in 3 yrs https://thecitizenng.com/foreign-investors-pull-out-n266bn-from-nigeria-in-3-yrs/ https://thecitizenng.com/foreign-investors-pull-out-n266bn-from-nigeria-in-3-yrs/#respond Tue, 08 Sep 2026 08:37:13 +0000 https://thecitizenng.com/?p=286941 Foreign Portfolio Investment (FPI) net capital outflow from the Nigerian equities market widened by more than 1,073 per cent in three years, rising from N22.68 billion in the first seven months of 2023 to N266.07 billion by July 2026, as foreign investors took more money out of the market than they brought in. Vanguard’s findings from the latest data released […]

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]]> https://thecitizenng.com/foreign-investors-pull-out-n266bn-from-nigeria-in-3-yrs/feed/ 0 Pres. Faye hails Sahara’s enduring support for Senegal’s energy Development https://thecitizenng.com/pres-faye-hails-saharas-enduring-support-for-senegals-energy-development/ https://thecitizenng.com/pres-faye-hails-saharas-enduring-support-for-senegals-energy-development/#respond Mon, 07 Sep 2026 10:03:31 +0000 https://thecitizenng.com/?p=286986 President of the Republic of Senegal, H.E. Bassirou Diomaye Faye, has praised Sahara Group for its longstanding contribution to Senegal’s energy sector, describing the company as a trusted partner that continues to support the country’s energy security objectives through its relationship with Société Africaine de Raffinage (SAR). The commendation came during a meeting at the […]

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]]> https://thecitizenng.com/pres-faye-hails-saharas-enduring-support-for-senegals-energy-development/feed/ 0 Uber shuts down Nigerian operations https://thecitizenng.com/uber-shuts-down-nigerian-operations/ https://thecitizenng.com/uber-shuts-down-nigerian-operations/#respond Wed, 02 Sep 2026 19:38:00 +0000 https://thecitizenng.com/?p=286885 Uber has announced the shutdown of its operations in Nigeria following a review of its business, with the ride-hailing company saying it will cease operations in the country effective September 2, 2026. The company disclosed this in a message to its drivers on Wednesday, informing them that they would no longer receive rider trip requests […]

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]]> https://thecitizenng.com/uber-shuts-down-nigerian-operations/feed/ 0 Egbin Power reinforces SDG 4 Commitment as 11th edition of scholarship programme begins https://thecitizenng.com/egbin-power-reinforces-sdg-4-commitment-as-11th-edition-of-scholarship-programme-begins/ https://thecitizenng.com/egbin-power-reinforces-sdg-4-commitment-as-11th-edition-of-scholarship-programme-begins/#respond Tue, 01 Sep 2026 17:18:53 +0000 https://thecitizenng.com/?p=286858 Egbin Power has commenced the 11th edition of its annual scholarship programme, reaffirming its commitment to advancing quality education and creating meaningful opportunities for young people in its host communities. The scholarship programme reflects Egbin Power’s commitment to Sustainable Development Goal 4 (SDG 4), which calls for “inclusive and equitable quality education and the promotion […]

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]]> https://thecitizenng.com/egbin-power-reinforces-sdg-4-commitment-as-11th-edition-of-scholarship-programme-begins/feed/ 0 Court stops NMDPRA from shutting Dangote Refinery https://thecitizenng.com/court-stops-nmdpra-from-shutting-dangote-refinery/ https://thecitizenng.com/court-stops-nmdpra-from-shutting-dangote-refinery/#respond Mon, 31 Aug 2026 23:56:48 +0000 https://thecitizenng.com/?p=286774 A Federal High Court in Lagos has issued an interim injunction restraining the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)  from shutting down or interfering with the operations of Dangote Petroleum Refinery in the Lekki Free Zone. Justice Akintayo Aluko made the order on Monday while ruling on a motion ex parte marked FHC/L/CS/1174/26, […]

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]]> https://thecitizenng.com/court-stops-nmdpra-from-shutting-dangote-refinery/feed/ 0 NCC pushes local tech investment to cut imports https://thecitizenng.com/ncc-pushes-local-tech-investment-to-cut-imports/ https://thecitizenng.com/ncc-pushes-local-tech-investment-to-cut-imports/#respond Sat, 29 Aug 2026 23:22:31 +0000 https://thecitizenng.com/?p=286734 The Nigerian Communications Commission (NCC) has called for increased investment in locally developed technologies to reduce Nigeria’s dependence on foreign software and strengthen the country’s digital sovereignty. The Executive Vice Chairman of the NCC, Dr Aminu Maida, made the call on Thursday at the closing ceremony of the fourth NCC Hackathon Live Show in Abuja, […]

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]]> https://thecitizenng.com/ncc-pushes-local-tech-investment-to-cut-imports/feed/ 0 Lagos Cinema honours brave security personnel, boosts security https://thecitizenng.com/lagos-cinema-honours-brave-security-personnel-boosts-security/ https://thecitizenng.com/lagos-cinema-honours-brave-security-personnel-boosts-security/#respond Sat, 29 Aug 2026 22:56:56 +0000 https://thecitizenng.com/?p=286718 The Filmhouse Group has honoured two security personnel who confronted a machete-wielding man during an attack at its cinema in Lekki, Lagos State, assuring customers of improved security across its locations. The incident, which occurred in the early hours of Saturday in the car park outside one of the group’s locations, reportedly left two people […]

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]]> https://thecitizenng.com/lagos-cinema-honours-brave-security-personnel-boosts-security/feed/ 0