Business News

Corporate Affairs Commission exposes 247 companies with false RC numbers

August 15, 2025

NLC accuses FG of diverting 40% of funds from NSITF, gives 7-day strike notice

August 15, 2025

Nigeria Customs intercepts N3.1billion worth of contraband goods, arrests 13 in three weeks

August 14, 2025

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Business News

Business and economic news from Nigeria and around the world.

SEC says these fundamentals justify current bullish trend in the Nigerian stock market

by Gbenga Agoye

The recent OCE Policy Brief issued by the Securities and Exchange Commission shows that the current bullish trend in the...

Nigerian telecoms sector gained $68 billion over the last 16 years

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has said that the telecoms sector has...

ADB, IDB, EU Others lend Nigeria $1.55 billion for power sector

by Onome Ohwovoriole

The Transmission Company of Nigeria has received a $1.55 billion loan from a consortium of lenders including the World Bank,...

Nigeria now produces 15million Tonnes of local rice

by Onome Ohwovoriole

The Director of Agriculture at the Kano office of the Federal Ministry of Agriculture, Muhammad Adamu said Nigeria now produces...

[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies

All the major economic news from Nigeria in 5 minutes-15/8/2017

by Opeyemi Yekini

Summary of the top business, economic and political news in Nigeria today. Shell Petroleum Development Company (SPDC) has remitted $29.8...

Federal Government to raise N135 billion bonds next week

by Onome Ohwovoriole

The Federal Government is to raise N135 billion in bonds next week according to Reuters. The bonds are reopening of...

First Bank appoints Executive Director for FBN Bank UK Limited

First Bank of Nigeria Limited has appointed Mr. Tosin Adewuyi as a Group Executive of First Bank of Nigeria Limited and...

TCN ready to waive Discos' N270 billion debt, TCN want Discos to recapitalise, Discos investment in power sector

States are free to generate and distribute energy, subject to NERC rules

State governments are free to generate and distribute their own power, subject rules by the Nigerian Electricity Regulatory Commission (NERC)....

Good news for consumers as Distribution Companies get N37 billion for meters

Electricity consumers may have cause to rejoice soon as the Federal Government has provided a N37 billion loan to Distribution...

FIRS and Joint Tax Board collaborate to catch tax dodgers