Business

Stellar Steel to invest $450 million in Ogun, operations to start by mid-2026

October 23, 2025

Billionaire Watch

Elumelu calls for better governance to attract investment across Africa

October 13, 2025

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Business and economic news from Nigeria and around the world.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Fitch Ratings affirms Nigeria’s “B” rating with stable outlook

by Ubah Jeremiah Ifeanyi

Nigeria's 'B' rating is supported by the large size of the economy, a low general government debt-to-GDP ratio, amongst other...

#EndSARS: Fashola discovers strange camera at Lekki Tollgate, FEC approves road, road concessions

FG revises contract cost of the Enugu-Onitsha expressway project

The FG has approved a memo for the revision of the contract cost for a 22km section of the 100km...

Saudi government reports drone attack on Riyadh oil refinery

A refinery operated by Saudi Aramco was attacked by a drone strike, Saudi government has stated.

NIPC collaborates with NSC to develop transport infrastructure projects

Shippers Council threatens to bar illegal operators from all seaports

by Abiola Odutola

The NSC gave regulated service providers one month to register with the council or face sanctions.

Billionaire Watch

How two brothers started a cannabis business now valued at $1.7 billion

by Michael Ndu-Okeke

Brothers, Ross and Zach Lipson run a cannabis company that is now valued at $1.7 billion.

NEC launches Ease of Doing Business report

by William Ukpe

The NEC launched the long-awaited sub-national Ease of Doing Business report at a virtual meeting.

CAC, Corporate Affairs Commission selects NIPOST as official courier partner

CAC urges Nigerians to receive unclaimed certificates, documents

by William Ukpe

The CAC has urged Nigerians to delivery of all pre-incorporation certificates before the end of April 2020.

Nigeria to receive 6 Super Tucano aircraft from US in July 2021 to fight insurgency

The FG has announced that Nigeria expects 6 of the 12 Tucano aircraft it earlier ordered to arrive mid-July 2021.

FG commences selection of N-Power Batch C applicants, issues guide on enrolment process

FG says 30 million Nigerians in National Social Register, explains how it was developed

March 18, 2021

The FG has said that it has captured about 30 million Nigerians in the National Social Register.