Business
Business and economic news from Nigeria and around the world.
COVID-19: Up to 161 million Africans may have fallen into poverty – ECA
The ECA has stated that between 49 million and 161 million Africans may have fallen into COVID-19 induced poverty.
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NNPC explains why FG is spending as much as $1.5 billion on Port Harcourt refinery
The NNPC has defended FG's decision to expend the huge sum of $1.5 billion in rehabilitating the Port Harcourt refinery.
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FG announces $1 billion syndicated loan to support MSMEs
The FG has secured a $1 billion syndicated loan to support MSMEs in the country.
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FG pledges increased support for MSMEs, to create additional 1.3 million jobs
The FG has pledged to increase its support for MSMEs in the country to fight unemployment and aid economic growth.
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Burger King, American fast-food franchise to open outlets in Nigeria
US fast-food franchise, Burger King has announced interest to open outlets in Nigeria.
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Apapa gridlock: NPA suspends exports cargoes at Lagos ports from March 22, 2021
The NPA has announced the temporary suspension of export receipts at the Lagos Ports Complex and the Tin Can Island...
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BOI secures N300 million loan for creative sector – VP Osinbajo
The Vice President has disclosed that the BOI in collaboration with the NCAC has also secured a N300 million loan...
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Lagos to construct a metro rail line at Lekki Free Trade Zone
The Lagos State Government plans to construct a Green Rail line at the Lekki Free Trade Zone.
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Sanwo-Olu says construction of highway at Lekki Free Zone to start in 2 months
Governor Sanwo-Olu has stated that the construction of critical infrastructure leading to the Free Zones in Ibeju-Lekki will commence in...
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Why Egypt attracts more FPIs than Nigeria
Egypt’s high real interest is an upspring of combating inflation as far back as 5 years ago.
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