Business News

Former NACCIMA President Dele Oye criticizes regulatory practices, says NAFDAC now charges firms for raids

August 17, 2025

Entertainment

Meet top 11 artist managers powering Nigeria’s $2 billion Afrobeat music industry

August 16, 2025

WTO launches $50 million fund for women exporters, 146 Nigerian women to access funds

August 15, 2025

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Business News

Business and economic news from Nigeria and around the world.

Nigeria Customs Service shuts 272 car marts over smuggled car sales , Automobile dealers, Customs at loggerheads over vehicle smuggling, import duty , January 2020 is no terminal date; Borders will remain shut after then - Customs , FG bans fuel supply to border petrol stations, order threatens businesses, jobs, Ban on fuel distribution to border filling station begins to affect network providers , Nigeria Customs Service wants FG to impose this tax on petrol importers , Experts lament rising inflation over border closure, Closure of border petrol stations lowers fuel consumption by 30% - Customs Boss , Customs redeploys officers in charge of anti-smuggling at border , Nigerian customs records N1.3tr revenue in 2019, exceeds target by N404bn , Customs denies spending N1.6 billion on recruitment exercise alone, Customs officers must declare their assets annually – Customs boss, Nigerian Customs move to go digital in 2022

Ban on fuel distribution to border filling station begins to affect network providers

by Fakoyejo Olalekan

Buhari's decision to stop distribution of fuel to filling stations close to the borders is beginning to affect businesses in...

Gas station explosion: Lagos to enforce stiffer measures on operators, blames negligence, Lagos approves 33% increase for all state pensioners, Lagos introduces Dropbox facility for land documentation, China Development Bank, Sanwo-Olu sign $629m facility to complete Lekki Deep Seaport , Lagos State Government seeks partnership with insurance operators, Bond Issue: Lagos State Government to raise N100 billion for infrastructural development, Lagos State threatens to shut down Adron, Almond, 103 other estates for lacking approval

Lagos State Government seeks partnership with insurance operators

In order to tackle the risks associated with the lack of awareness in insurance, the LASG is seeking support from...

Dangote cement to leverage on Togolese market to boost revenue

Dangote Industries Limited has signed an agreement with the Government of Togo to produce fertilizer and build a cement factory in the...

Appointments

Old Mutual appoints Oyinlade as new MD

Old Mutual Nigeria Limited, subsidiary of Old Mutual Limited (OML), has appointed Olalekan Oyinlade as the new Managing Director of...

Politics

Lagos and CBN in proposed partnership to boost SME’s contribution to economic development

by Titobioluwa Okunade

In order to accomplish industrialization through SMEs, the Lagos State Government has sought the partnership of CBN.

UBA assures of innovative services to boost trade, financial inclusion in Africa

by NM Partners

UBA assures of innovative services to boost trade, financial inclusion in Africa

NUPENG, COVID-19: NUPENG warns fuel marketers to stay at home

NUPENG raises alarm over Nexen Petroleum unfair ‘labour practices’

November 10, 2019

The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), has raised concern over what it called unfair labour practices of...

Here are the things Nairametrics discovered at the Lagos International Trade Fair

by Joseph Olaoluwa

November 10, 2019

The Lagos International Trade Fair is more than just an avenue to exhibit products; it is an awesome experience.

Ekiti, Osun, Delta, Imo, 9 others raise over N500 billion bonds in 10 years , #EndSARS protest: Osun State Government Suspends Curfew