Business News
Business and economic news from Nigeria and around the world.
Report reveals 70% of Lagos workers lack access to loans from employers
Despite being the commercial hub of Nigeria, seven out of ten workers (70%) in Lagos are unable to access loans...
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FG accuses Chinese firm of attempt to seize Nigeria’s presidential jets, other offshore assets in France
The Federal Government has raised concerns over an attempt by Zhongshan Fucheng Industrial Investment Co. Limited, a Chinese firm, to...
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Aliko Dangote’s Wealth Down by $1.2 Billion in 2024
Aliko Dangote, the business magnate behind the $20 billion refinery in Nigeria's business capital, has seen his wealth decrease by...
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Customs lists conditions for companies seeking to participate in duty-free food import
The Nigeria Customs Service (NCS) has unveiled requirements for companies seeking to participate in the duty-free food importation program as...
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Inflation: FMCG transaction volume in Nigeria declines by 17.4% in 2024 – Report
The latest report by NielsenIQ has revealed that the Nigerian Fast-Moving Consumer Goods (FMCG) market has seen a 17.4% decline...
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Top 10 Fastest Growing Film Industries in the World
By the end of 2023, the global box office had risen to an estimated $33.9 billion, representing a significant 30.5%...
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NASS proposes N25 million fine for anyone operating unlicensed insurance business in Nigeria
The National Assembly of Nigeria has proposed a penalty of N25 million for individuals found operating unlicensed insurance businesses in...
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Nigerian Senators collect N1 million monthly salary, covering entertainment, constituency allowance, others – Revenue Commission
The Revenue Mobilisation Allocation and Fiscal Commission has confirmed that each Nigerian Senator receives a monthly salary and allowances totaling...
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Customs to lose N188 billion in revenue over tariff removal on food imports
The Nigeria Customs Service (NCS) has stated that the revenue loss over the six month approved duties free importation of...
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Cross River begins construction of N4 billion Entertainment Centre Project
The Cross River State Government has initiated construction on a N4 billion entertainment centre at Tortugal Island, Marina Resort, Calabar,...
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