US stocks climb as inflation eases, banks impress
Wall Street stocks mostly rose early Tuesday following improved US inflation data and strong earnings from large banks.
The Punch · 3 months ago · 2 min read(opens The Punch in a new tab)
Business news
Headlines from Nigerian publishers. Each story opens on the publisher's site.
Tinubu declares end to raw cocoa exports, unveils plan for local processing
President Bola Tinubu on Tuesday declared that Nigeria would no longer export raw cocoa beans while importing finished chocolate products, unveiling an ambitious plan to transform the country’s cocoa industry through local processing, industrialisation and value addition.
The Punch · 3 months ago · 7 min read(opens The Punch in a new tab)
Economy exits contraction but households remain pessimistic — CBN
•As PMI rebounds to 50.1pts •Business confidence moderates to 7.2pts •Households shun houses, cars, investments •Food remains top spending priority By Babajide Komolafe Nigeria’s economy exited contraction in June as the Purchasing Managers’ Index, PMI, rebounded to 50.1 points from 49.6 points in…
Vanguard News · 3 months ago · 4 min read(opens Vanguard News in a new tab)
FG granted N34tn import duty waivers in 2025 – Customs
The Comptroller-General of the Nigeria Customs Service, Bashir Adeniyi, on Monday disclosed that the value of Import Duty Exemption Certificate approvals granted by the Federal Government on selected imported goods and equipment rose to N34tn in 2025, warning that such fiscal incentives have…
The Punch · 3 months ago · 4 min read(opens The Punch in a new tab)
The leadership identity lag: Why promotion rarely produces leaders
By Dr. Abiola Salami A new title changes reporting lines. It changes authority. It changes expectations. It changes accountability. But it does not automatically change how a person thinks, decides, communicates or influences others. Leadership identity evolves far more slowly The post The…
Guardian Nigeria · 3 months ago · 4 min read(opens Guardian Nigeria in a new tab)
AITEC rues data gaps in Africa’s tourism, potential
Lack of tourism statistics remains one of the biggest challenges hindering the growth and recognition of Africa’s tourism, despite its vast cultural assets. This was the view of the President of the Africa International Tourism and Economic Council (AITEC), Dine The post AITEC rues data gaps in…
Guardian Nigeria · 3 months ago · 2 min read(opens Guardian Nigeria in a new tab)
NADDC engages Chinese firms on national auto parts digital platform
The National Automotive Design and Development Council (NADDC) has advanced efforts to strengthen Nigeria’s automotive industry through a strategic engagement with the Automotive Local Content Manufacturers Association of Nigeria (ALCMAN) and representatives of China’s Heija Industrial Group on the…
Guardian Nigeria · 3 months ago · 2 min read(opens Guardian Nigeria in a new tab)
D&B upgrades vendor platform to enhance third-party risk compliance
Dun & Bradstreet South Asia, Middle East and Africa (D&B SAME) is set to launch Partn-R, an upgraded version of its vendor onboarding platform, Vend-R, as the global data and analytics firm seeks to help businesses to strengthen third-party risk The post D&B upgrades vendor platform to enhance…
Guardian Nigeria · 3 months ago · 2 min read(opens Guardian Nigeria in a new tab)
Negative sentiments resume as capitalisation dips by N1.32tr
Negative sentiments resumed at the equities sector of the Nigerian Exchange (NGX) as investors wealth declined by N1.32 trillion yesterday amid losses in 46 stocks. At the close of transactions yesterday, market capitalisation declined by N1.32 trillion or 0.84 per The post Negative sentiments…
Guardian Nigeria · 3 months ago · 3 min read(opens Guardian Nigeria in a new tab)
FG unveils national food procurement framework for NYSC, others
The Federal Government has introduced a new framework to improve nutrition, food safety, and accountability in the procurement of meals for correctional facilities, the National Youth Service Corps (NYSC), and other public institutions. Named ‘Guidelines for Public Procurement of Food The post FG…
Guardian Nigeria · 3 months ago · 3 min read(opens Guardian Nigeria in a new tab)
81 new metrics deployed to track digital economy performance
The National Information Technology Development Agency (NITDA) has convened a diverse coalition of tech leaders, policymakers, and academics to stress-test a new framework to quantify the true economic impact of Nigeria’s digital transformation. The initiative officially kicked off at a The post 81…
Guardian Nigeria · 3 months ago · 3 min read(opens Guardian Nigeria in a new tab)
‘Economic reforms meaningless without positive impacts on poverty’
A coalition of civil society groups, the Economic and Fiscal Justice Coalition (EFJC), has warned that the economic reforms of the current administration would not make any sense unless they lift the citizens out of poverty. EFJC stated this in The post ‘Economic reforms meaningless without…
Guardian Nigeria · 3 months ago · 2 min read(opens Guardian Nigeria in a new tab)
‘Strict enforcement, not governance code, required to reduce corporate misconduct’
Corporate governance frameworks alone cannot eliminate misconduct in Nigeria’s public and private institutions without strict enforcement, accountability and sanctions, governance experts have said, urging the country to shift from governance rhetoric to implementation if it hopes to strengthen…
Guardian Nigeria · 3 months ago · 3 min read(opens Guardian Nigeria in a new tab)
CBN cautioned against premature easing amid fresh energy pressure
Standard Chartered Bank has taken a more cautious position on the outlook for monetary policy easing, saying lingering price pressures have reduced the headroom for a significant rate cut this year. In its latest investment note released yesterday, the bank The post CBN cautioned against premature…
Guardian Nigeria · 3 months ago · 2 min read(opens Guardian Nigeria in a new tab)
Dangote dumps naira, begins petrol sales in dollars
Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit (petrol) at $0.779 per litre, unveiling a new pricing template that also raised the benchmark prices for diesel and aviation fuel following its transition to dollar-denominated transactions.
The Punch · 3 months ago · 4 min read(opens The Punch in a new tab)
Firms accelerate NRS e-invoicing integration as deadline nears
Businesses across Nigeria are accelerating integration into the National Revenue Service’s e-invoicing framework as compliance requirements for large taxpayers take effect and medium taxpayers prepare to join the platform later this year.
The Punch · 3 months ago · 3 min read(opens The Punch in a new tab)
Delta posts $19.8bn revenue despite record fuel costs
Delta Air Lines has reported a strong second-quarter performance for 2026, posting $19.8bn in operating revenue and $1.4bn in pre-tax profit despite battling what it described as the highest quarterly fuel bill in its history.
The Punch · 3 months ago · 3 min read(opens The Punch in a new tab)
CIA president congratulates 290 new inductees
The President and Chairman of the Council of the Chartered Institute of Administration, Ugochukwu Azubuko, has congratulated 290 new inductees for successfully navigating a rigorous selection process to join the league of professional administrators.
The Punch · 3 months ago · 2 min read(opens The Punch in a new tab)
S&P 500 decline no threat to bull run – FNB analyst
The S&P 500 remains firmly locked in a long-term uptrend despite a slight softening in global investor sentiment, according to a technical market brief released on Monday by First National Bank.
The Punch · 3 months ago · 2 min read(opens The Punch in a new tab)
World Bank warns of fragile global food supply
The World Bank has issued a stark warning regarding the stability of the global food system, noting that despite an adequate volume of total supplies, deep vulnerabilities persist across the globe.
The Punch · 3 months ago · 3 min read(opens The Punch in a new tab)
