The Abuja Times
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Business

Economy, markets, finance, CBN policy, energy, and industry.

Uba Sani Fulfills Commitment to Kaduna's Emerging Innovators
Business
16 SeptThe Abuja Times

Uba Sani Fulfills Commitment to Kaduna's Emerging Innovators

Eight microchip designers under the Kaduna State Human Capital Development Initiative have received both specialized training and financial support from Governor Uba Sani. This initiative underscores the government's dedication to fostering innovation and technological advancement in the region.

PenCom Aims for Universal Pension Coverage as Participation Grows
Business
16 SeptThe Abuja Times

PenCom Aims for Universal Pension Coverage as Participation Grows

The National Pension Commission (PenCom) reports that while pension participation has increased, nearly 90% of Nigerian adults remain outside formal pension schemes. The commission is now collaborating with EFInA to enhance financial inclusion and broaden access to pensions for all working Nigerians.

Federal Government Launches 3MW Hybrid Mini-Grid Project at Abuja University
Business
16 SeptThe Abuja Times

Federal Government Launches 3MW Hybrid Mini-Grid Project at Abuja University

The Federal Government has inaugurated a 3MW hybrid mini-grid project at the University of Abuja, aimed at enhancing the university's energy sustainability. Alongside this initiative, a national call center will be established to address electricity complaints nationwide.

Enugu Set to Launch Innovative Agro-Mechanisation Project
Business
16 SeptThe Abuja Times

Enugu Set to Launch Innovative Agro-Mechanisation Project

The South East Development Commission (SEDC) is gearing up to launch its first agro-mechanisation project in Enugu, a significant step towards enhancing agricultural productivity in the region. Managing Director Mark Okoye announced the initiative during a recent community engagement in Nomeh Unateze.

UBA Launches Subscription Platform for Dangote Refinery IPO, Inviting Investors Worldwide
Business
15 SeptThe Abuja Times

UBA Launches Subscription Platform for Dangote Refinery IPO, Inviting Investors Worldwide

United Bank for Africa (UBA) has opened a subscription channel for the highly anticipated Initial Public Offering (IPO) of Dangote Refinery, allowing both Nigerian and eligible international investors to partake in this significant industrial opportunity. This move positions UBA as a key facilitator in connecting investors with one of Africa's most impactful economic ventures.

Naira Opens at ₦1,326.30 per Dollar Amidst Parallel Market Discrepancies
Business
15 SeptThe Abuja Times

Naira Opens at ₦1,326.30 per Dollar Amidst Parallel Market Discrepancies

On September 15, 2026, the Nigerian naira was valued at ₦1,326.30 against the dollar in the official market, while the parallel market saw rates ranging from ₦1,385 to ₦1,410. This ongoing disparity highlights the complexities of dollar access and demand in Nigeria's foreign exchange landscape.

Dangote Launches N2.2 Trillion IPO to Democratize Wealth Creation in Nigeria
Business
15 SeptThe Abuja Times

Dangote Launches N2.2 Trillion IPO to Democratize Wealth Creation in Nigeria

Alhaji Aliko Dangote announces the Initial Public Offering of Dangote Petroleum Refinery, aimed at empowering Nigerians and global investors to share in Africa's industrial growth. The N2.2 trillion offer is a significant milestone for Nigeria's capital market and economic development.

Nigeria Aims for $100 Billion in Tourism and Creative Economy with 'Ember To Remember 2026'
Business
15 SeptThe Abuja Times

Nigeria Aims for $100 Billion in Tourism and Creative Economy with 'Ember To Remember 2026'

The Federal Ministry of Art, Culture, Tourism and the Creative Economy has launched the 'Ember to Remember 2026' initiative, aiming to unlock Nigeria's vast potential in tourism and the creative sector. This 100-day national tourism season seeks to enhance GDP contributions, create jobs, and attract investments while positioning Nigeria favorably on the global stage.

Nigeria Sees Modest Increase in Oil Production for August
Business
14 SeptThe Abuja Times

Nigeria Sees Modest Increase in Oil Production for August

The Nigeria Upstream Petroleum Regulatory Commission has reported a 0.4% rise in crude oil output for August, reflecting a slight recovery in the nation's oil sector. This increase, although marginal, highlights ongoing efforts to stabilize production levels amid various challenges.

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