Business

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

August 4, 2025

Coca-Cola announces sale of Chivita and Hollandia maker to UAC

July 30, 2025

FRSC launches redesigned website to improve service delivery nationwide

July 15, 2025

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Business and economic news from Nigeria and around the world.

Reps raise alarm over N200 billion unclaimed dividends in 2020, the Capital market, Lamido Yuguda assumes duty as new DG of Security and Exchange Commission, SEC promise to intensify monitoring, surveillance of market operators

SEC, SON collaborates to fast track approval of relevant commodities trading standards

by Johnson Uche

The SEC is strategically collaborating with the Standards Organization of Nigeria towards promoting the commodities trading ecosystem.

FG tasks companies to employ Nigerian graduates or face sanctions

Federal government has called on companies in the country to employ Nigerian graduates or face sanctions.

FG invalidates SIM integration using BVN generated NIN, applicants must visit NIMC offices

by Chike Olisah

FG has invalidated SIM integration using BVN generated NIN, as it insists that applicants must visit NIMC offices for complete...

World Bank set to invest over $5 billion in drylands across 11 African countries

by Adeyemi Adebayo

World Bank has announced plans to invest over $5 billion within the next five years to help restore degraded landscapes...

Federal Government to activate full potentials of mining sector

FG to spend N4billion to rehabilitate 3rd mainland bridge – Finance Minister

by Johnson Uche

FG would be spending N4billion to rehabilitate and maintain the third mainland bridge in Lagos in 2021.

Apapa Gridlock: Presidential Task Force on Port Decongestion hands over to Lagos Govt

The Presidential Task Team on the Apapa gridlock has handed over the road traffic management duties of the Port to...

land borders to be reopened soon, Finance, Ministaer, vow to recover AMCON debt through issuance of promissory notes, FG reiterates stance on IPPIS as ASUU threatens strike, Finance Minister, Zainab Ahmed identifies capital market as key driver for economic growth , Nigeria has paid $1.09 billion to service its debts in 2019 , Dividends on oil proceeds will be taxed - FG , State governments own most bad roads - Finance Minister says, Budget deficit increases by N351.98 billion, as FG misses revenue target, Economy: Funding MSMEs in Nigeria , Finance Bill: New tax regime to take effect from Jan 2 - FG , Again, Finance Minister argues that Nigeria is not in debt distress , ECOWAS: Single currency regime not kicking off in 2020 , FG: CBN holds N43 billion stamp duty charges collected by banks , FG may shift deadline to deactivate bank accounts without tax verification, Confusion as ministry and presidency disagree over Finance Act start date, 7.5% VAT: Implementation to begin Feb 1 – FG , Finance Minister: Nigeria to go into recession if ..., Foreign tech companies that will now pay tax to FGN: see the criteria

FG’s personnel costs to grow by 23% in 2021 – Dr. Zainab Ahmed

by Johnson Uche

The FG is to spend a total of N3.75 trillion as personnel costs for the MDAs and others as personnel...

Governments at all levels should ensure private sector development – FG

FG’s Survival Fund Programme has impacted over 300,000 beneficiaries – Trade and Investment Minister

As of December 2020 over 300,000 beneficiaries under the Payroll Support scheme, and 166,000 artisans have benefited from FG's Survival...

Solar, FG to slash import duties on tractors, buses, others in 2020 Finance Bill, Nigeria will not issue Eurobonds, says Vice President Yemi Osinbajo, FG guarantees mortgage loan to low income buyers at low interest rate, FG inaugurates gold refinery project in a landmark event

The FG in partnership with the private sector will continue to support MSMEs – Osinbajo

Osinbajo has stated that the FG in partnership with the private sector would continue to provide interventions to boost the...

Varsities unlikely to resume on January 18 due to second wave of Covid-19 - ASUU

ASUU explains why it is against reopening of universities

by William Ukpe