BUSINESS

Cement Price Surge Adds Pressure On Construction Sector 0
- BUSINESS
- February 27, 2026
The price of a 50 kg bag of cement has surged to as high as ₦11,000 in many parts of Nigeria, causing concern among builders, contractors and ordinary consumers who rely on the material for construction and housing projects, recent market surveys show. Retail checks across several states including Kwara, Kano, Kaduna, Jigawa and Abuja
READ MORE
Nkwo Nnewi Market Closed For Seven Days After Traders Defy Gov Soludo’s Directive 0
- BUSINESS
- February 24, 2026
The Anambra State Government has ordered the closure of the New Auto Spare Parts Association (NASPA) Market at Nkwo Nnewi for one week after traders failed to obey Governor Chukwuma Soludo’s directive to open for business on Mondays, a statement from the state said. The closure, which took effect at midnight on Monday, February 23,
READ MORE
New Loans Drive Federal Domestic Debt To Nearly ₦78tn 0
- BUSINESS
- February 24, 2026
Nigeria’s Federal Government domestic debt stock climbed sharply to about ₦77.81 trillion as of September 30, 2025, driven largely by fresh issuances of federal government bonds and increased Treasury Bills, the country’s Debt Management Office (DMO) data shows. The latest figures indicate that domestic debt increased by around ₦7.40 trillion within nine months, rising from ₦70.41 trillion at the end
READ MORE

Ondo Opens For Business With Major Port And Fertiliser Deals 0
- BUSINESS
- February 24, 2026
The Ondo State Government has signed two major Memoranda of Understanding (MoUs) for the development of a Deep Sea Port and a $4 billion petrochemical fertiliser plant, officials said on Tuesday at the Ondo State Investment Summit 2026 in Akure. The agreements were formalised at the International Centre for Culture and Events (The Dome) as
READ MORE
Spotify Reports Rapid Growth In Nigerian Music Consumption Since 2021 0
- BUSINESS
- February 23, 2026
Spotify says music streaming in Nigeria has surged by an average of 163.5 per cent over the past five years since the platform launched in the country, highlighting rapid growth in listening habits and the rise of local music on digital platforms, a company report shows. In a statement to media and industry partners, Spotify
READ MORE
Dangote Refinery Resumes Petrol Sales Under Revised Distribution Framework 0
- BUSINESS
- February 23, 2026
Dangote Petroleum Refinery has restarted the sale of Premium Motor Spirit (PMS), commonly known as petrol, to major marketers and approved depot owners under a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), energy sector sources say. The refinery’s return to selling petrol follows a controlled distribution model designed
READ MORE