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The Business NG - August 08, 2025

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BusinessNG Editorial Focus – August 8, 2025

Nigeria’s investment landscape is undergoing a critical shift, with the latest National Bureau of Statistics data showing Lagos losing its long-held dominance in Foreign Direct Investment to Abuja, which secured $5.6 billion in 2024. This signals a redistribution of investor confidence and raises questions about state-level competitiveness.

In the insurance sector, the new powers granted to NAICOM to combat fraud and enforce compliance are expected to reshape the market, leaving only well-capitalised players standing. Analysts predict that digital transformation will be the next decisive factor for survival, as technology-driven insurers move ahead of the curve.

For policymakers and business leaders, the message is clear: adaptability, transparency, and innovation are no longer optional—they are the benchmarks for winning investor trust and sustaining growth in Nigeria’s evolving economy.

$2.4bn FX Scam Uncovered: CBN to Name and Jail Offenders

The Central Bank of Nigeria (CBN) is weighing civil and criminal charges against individuals and institutions involved in fraudulent foreign exchange (FX) forward contracts, following a damning forensic audit that exposed systemic abuse in Nigeria's FX market.

1 mins

Tax Burden Deepens as Nigeria Nets N1.95trn VAT in Just Three Months

Despite widespread poverty and eroding purchasing power, Nigeria recorded a staggering 1.95 trillion in Value Added Tax (VAT) collections in the final quarter of 2024, signalling both a sharp increase in consumer spending and the impact of a more aggressive tax regime.

1 mins

Amid Soaring Inflation, Nigeria's Stock Market Accounts for 25% of GDP

Despite inflationary pressures and economic uncertainties, Nigeria's stock market has emerged as a strong pillar of the nation's economy, now accounting for 25% of the country's Gross Domestic Product (GDP).

1 mins

Nigerians Spend N10.6bn Daily on Data Despite Widespread Poverty

In a country where rising food prices are biting hard, one thing remains untouchable — mobile data.

1 mins

Tüm Hikayeleri Oku The Business NG

The Business NG Description:

Yayımcı: Tuns-Media-&-Comm-Enterprise

Kategori: Newspaper

Dil: English

Sıklık: Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level