Section
Reporting and analysis from the Business desk.
61 stories
Ghana has identified Nigeria as its second-largest tourism market, recording over 176,000 arrivals in 2025 as both nations move to strengthen regional travel ties. The partnership aims to convert conservation and leisure investments into commercial opportunities for West African travel agencies.
Key stakeholders in Nigeria's tourism sector have endorsed a new hybrid governance framework designed to professionalise the workforce and improve global competitiveness. The proposal advocates for a collaborative partnership between government regulators and professional bodies to address fragmented industry standards.
Business leaders and technology experts gathered at the University of Lagos to mentor student entrepreneurs on the necessity of building sustainable, structured enterprises. The event featured seed funding awards and strategic advice on transitioning from campus-based ventures to competitive marketplace businesses.
Nigeria’s headline inflation rate has reached a new peak, prompting the Central Bank of Nigeria to signal further monetary tightening measures to stabilize the economy. The persistent rise in the cost of living continues to impact household spending and the operational viability of small businesses nationwide.
The Senate Committee on Public Accounts has issued a one-week ultimatum to NNPC Ltd auditors to reconcile ₦210 trillion in unexplained financial entries. Lawmakers dismissed claims of client confidentiality, asserting that the national oil company’s records must be transparent to the Nigerian public.
NIWA Governing Board Chairman Mukhtar Shehu Shagari says the Authority will rehabilitate dilapidated jetties, phase out unsafe boats and tighten safety enforcement while expanding private sector collaboration, following a facility tour in Lagos. The initiative targets safer, more efficient inland water transport and improved service delivery nationwide.
Justcore Realty Construction and Interiors is strengthening its integrated Design-Build model as it expands in Nigeria’s luxury real estate, construction and interior design market, offering end-to-end delivery for residential, commercial and corporate projects. The company says the approach will streamline execution, improve efficiency and ensure consistent quality amid rising demand for premium spaces.
The National Association of Nigeria Travel Agencies will hold a four-day retreat in Ghana to address barriers to intra-African travel, cultural tourism and trade. The engagement seeks to strengthen Nigeria-Ghana tourism cooperation and advocate easier movement across the continent.
All On has opened applications for its 2026 Off-Grid Energy Challenge, offering between $200,000 and $1 million in blended funding to Nigerian clean energy companies. The programme targets scalable solutions that can expand electricity access, create jobs and drive economic opportunities in unserved and underserved communities.
Ikoyi Chapmans, a premium ready-to-drink non-alcoholic beverage inspired by Nigeria's traditional Chapman, is preparing for a Nigerian rollout after its promoters formalised a strategic partnership with CAADES Group in Lagos. The promoters say the venture is designed to turn the iconic drink into a pan-African consumer brand while celebrating Nigerian culture and widening retail access.
The Lagos State Employment Trust Fund and Africa Global Economic Forum have launched a partnership to provide up to ₦250 million in affordable financing for Lagos-based MSMEs, startups, and women- and youth-led businesses. The initiative is expected to pre-screen more than 1,000 businesses and support the creation or sustenance of over 2,000 jobs during the 2026 programme cycle.
