Business News

NDLEA intercepts drugs hidden in frozen snails, bulbs at Lagos airport

"Japa"

JAPA: 7-star actors that have left Nigeria for greener pastures

Entertainment

How I made my first N1 million in 1999 – Funke Akindele

Home Category Business News

Business News

Business and economic news from Nigeria and around the world.

Ajaokuta’s completion to kick off as Russia provides funds

by Chidinma Nwagbara

November 2, 2019

The completion of the long-abandoned Ajaokuta Steel Complex will be funded by the Russian government.

Mele Kyari, NNPC, NNPC spends estimated N33.60/litre on petrol subsidy, NNPC vows to be transparent, set to publish details of petroleum product supplies , OML 119: NNPC record 14 bids for development of oil well, This NNPC initiative aims to solve the problem of tanker explosions , Fluctuations of oil price threatening Nigerian content development — NNPC , Lagos pipeline leak contains water, not petrol- NNPC, NNPC gives condition for relocation of tank farms and depots from residential areas , NNPC to cultivate 2,675 hectares of cassava for Ethanol production, Key performance highlights of NNPC for 2019 FY

OML 119: NNPC records 14 bids for development of oil well

November 2, 2019

A total of 14 companies have made an opening bid for the development and financing of Oil Mining Lease 119...

FG approves N6.28 billion for 24-month repair works on Third Mainland Bridge

Fashola divulges FG’s plans to build affordable homes

Babatunde Fashola has disclosed the Federal Government plans to build more low-cost houses in 34 states of the country.

Zainab Ahmed, N24.9 trillion debt, FG to borrow N1.7 trillion to finance 2020 budget – Finance Minister , VAT Increment: Afrinvest exposes sharing formula of N479.7b expected revenue , Nigeria’s VAT Increase: Penny-Wise, Pound Foolish, Nigeria spends N1.11 trillion to service debt in half year 2019 , Nigeria needs $100 billion annually to fix infrastructural deficit – Finance Minister , Oil: Nigeria makes N5.4 trillion in 1 year , FG secures World Bank’s approval to borrow $3 billion , debt, FG to develop new economic development plan Vision 2040 , Nigeria’s infrastructure gap: Too little too late? , Again, Finance Minister argues that Nigeria is not in debt distress , FG defends $22.7 billion new loans from World Bank, others , Finance Minister wants investors to curb Nigeria’s medical tourism through health investment

FG to develop new economic development plan Vision 2040

by Titobioluwa Okunade

The FG on Thursday disclosed that there would be a new economic development plan to succeed the vision 20:2020 plan

Dangote Flour Mills Plc, Massive shakeup occurs on Dangote Flour Mills Board as key members resign

Appointments

Massive shakeup in Dangote Flour as key Board members resign, appoints new ones

Key members on the board of Dangote Flour Mills PLC have announced their resignation from their previous positions.

Ghanaian government clashes with Ghana’s traders’ union over attack on Nigerian businesses

by Fakoyejo Olalekan

Ghanaian Government has condemned the shutdown of Nigerian shops by Ghana Union of Traders Association (GUTA) in Kumasi.

MTN halts plans to sell $300 million stake in Botswana firm

MTN Group has dropped its plan to sell 53% of its equity stake in Mascom Wireless Botswana.

land borders to be reopened soon, Finance, Ministaer, vow to recover AMCON debt through issuance of promissory notes, FG reiterates stance on IPPIS as ASUU threatens strike, Finance Minister, Zainab Ahmed identifies capital market as key driver for economic growth , Nigeria has paid $1.09 billion to service its debts in 2019 , Dividends on oil proceeds will be taxed - FG , State governments own most bad roads - Finance Minister says, Budget deficit increases by N351.98 billion, as FG misses revenue target, Economy: Funding MSMEs in Nigeria , Finance Bill: New tax regime to take effect from Jan 2 - FG , Again, Finance Minister argues that Nigeria is not in debt distress , ECOWAS: Single currency regime not kicking off in 2020 , FG: CBN holds N43 billion stamp duty charges collected by banks , FG may shift deadline to deactivate bank accounts without tax verification, Confusion as ministry and presidency disagree over Finance Act start date, 7.5% VAT: Implementation to begin Feb 1 – FG , Finance Minister: Nigeria to go into recession if ..., Foreign tech companies that will now pay tax to FGN: see the criteria

Finance Minister, Zainab Ahmed identifies capital market as key driver for economic growth

Minister for Finance, Budget and National Planning, Zainab Ahmed, has identified the importance of the capital market to Nigeria's economic...

e-Learning Platform, Africa Development Bank. AfDB develops Index to aid women empowerment , African Development Bank awards $1.1 million to boost food production in Africa , AFDB increases capital to $208 billion in bid to secure Africa’s future , African Investment Forum: AfDB eye $67 billion deals , ECOWAS backs Adewunmi Adesina’s re-election as AfDB election nears , AfDB bows to pressure from U.S., orders an independent probe of Akinwumi Adesina, Fitch rating agency affirms AfDB's AAA rating with stable outlook, Digital Nigeria e-Learning Platform registers 16,000 users in 24 hours - African Development Bank

AFDB increases capital to $208 billion in bid to secure Africa’s future

by Titobioluwa Okunade

The African Development Bank (AFDB) has authorized the bank to increase its capital base to a record-breaking $208 billion.

Saudi Aramco, NNPC to collaborate to revamp dilapidated Nigerian refineries

by Fakoyejo Olalekan