Business

Tinubunomics Not Working: SME’s groan over rising cost of doing business

September 21, 2025

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Nigeria Immigration Service increases international passport fees to N100,000 and N200,000 effective September 1

August 28, 2025

Afreximbank leads $1.35 billion financing for Dangote Refinery in landmark $4 billion syndicated deal

August 4, 2025

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Business and economic news from Nigeria and around the world.

CBN releases new guidelines for OFIs, orders inclusion of NUBAN code or face sanctions

CBN disburses N106.96 billion to 27,956 AGSMEIS beneficiaries

by Chidi Emenike

January 27, 2021

The CBN has disbursed a total of N106.96 billion to 27,956 beneficiaries of AGSMEIS.

Ekiti Knowledge Zone approved as Free Trade Zone by FG

President Buhari approves local production of helicopters by NASENI

by Chike Olisah

President Buhari has directed NASENI, to collaborate with Dynali Company for the local production of helicopters.

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 set to mobilize $25 billion to scale up African climate adaptation

by Johnson Uche

AfDB is mobilizing to the tune of $25billion to scale up and accelerate climate change adaptation actions across Africa.

Lagos issues ultimatum to Tank Farm Operators over planning permit, Lagos seals 27 residential and commercial buildings in Lekki, LASG Seals 19 more Buildings in Banana Island over planning permit

Lagos seals 10 different properties in Ogudu GRA for violating planning laws

by Chike Olisah

10 different buildings in the Ogudu GRA area have been sealed by the Lagos State Government for violating physical planning...

Lagos announces resumption time table for public and private schools, FESTAC town, Lagos cancels 2018 land use charge, LAND USE CHARGE, Lekki sealed buildings, Lagos state governor issues new guidelines for lockdown, consider full reopening of its economy,Sanwo-Olu gifts families of slain police officers N10 million naira each

Lagos State Government to transform Badagry into industrial and tourism hub

Lagos State Government has assured Badagry residents of plans to transform the area into an industrial and tourism hub.

Africa’s energy transition will cost an estimated $100 billion annually between 2020 and 2040 – AfDB

AfDB to commit $12.5 billion to climate finance

The AfDB has announced that it will fund climate finance in Africa with an additional sum of $12.5 billion.

Lagos reviews building permit approvals and processing time

by Chike Olisah

The Lagos State Government has promised to review planning permit processing time and reduce the lay-out approval process.

Remittance flows to sub-Saharan Africa to dip to $41 billion in 2021- Report

by Johnson Uche

Remittance flows to sub-Saharan Africa are likely to decline by 6.8% to $41 billion in 2021 as against $44 billion...

One killed, 15 kidnapped by pirates on Turkish ship off Gulf of Guinea

A Turkish ship was attacked off Nigeria's Gulf of Guinea coast, killing an Azerbaijani citizen, and kidnapping 15 sailors, with...

FG refunds Bayelsa State N27 billion as amount spent on federal projects