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

October 23, 2025

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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.

Lagos state imposes 24-hour curfew, as hoodlums hijack #EndSARS protest, Social clubs, recreational centres to reopen August 14, Lagos International Trade Fair to get permanent site soon, Sanwo-Olu vows , Lagos State discloses road expansion plans in an effort to combat traffic, Lagos State cracking down on Uber, Bolt, Ocar a week after Okada, Keke Napep ban , LASG increases health workers’ allowances, commissions local production of face masks

Lagos earmarks 300 distressed buildings for demolition

by Chike Olisah

300 buildings in Lagos, suspected to be distressed have been earmarked for investigation and possible demolition.

What to ask before taking loans, bad loan

Credit allocation to private sector increased to N19.87trillion in Q3 2020 – NBS Report

A recent NBS report has shown that Oil & Gas and Manufacturing accounted for the 34.1% of credit allocation to private...

Buhari sacks DG National Directorate of Employment, Nasiru Argungu

How the Finance Bill will affect you

The Finance Bill, when signed into law, will have varying effects on individuals, businesses and organisations in Nigeria.

Katsina Abduction, Recession: Economy should be redirected from wasteful-consumption to productivity — Peter Obi

Katsina abduction: Attack on schools is an attack on our greatest asset – Obi

Peter Obi has referred to the abduction of students in Katsina as an attack on Nigeria's most important resource.

Presidency questions how many Nigerians have cars, generators, defends fuel price hike, Fraud, FG, Presidency denies building rail line from Nigeria to Niger Republic

Katsina abduction: Only 10 students left with bandits – Presidency

The Presidency has claimed that only 10 students were still in the kidnappers' den, contrary to the figures released by...

Finance Bill: No tax for employees on minimum wage

by Adeyemi Adebayo

A planned exemption of minimum wage earners from paying personal income tax is contained in the Finance Bill.

Ratification of AfCFTA will shape Nigeria’s international trade dynamics in 2021 – SB Morgen Report

A new report has stated that the ratification of AfCFTA can potentially shape the fortunes of the international trade dynamics...

Military located bandits in kankara, Q1 2020 National Debt report, Buhari finally speaks on NDDC probe, urges NA to act with a sense of urgency,National Human Rights Commission,Presidency bows to pressure, agrees to demand made by EndSARS protesters, Our economy is too fragile to bear another round of lockdown-Buhari, Zarbarmari: Massacre by Boko Haram is nothing short of senseless, barbaric, gruesome and cowardly- Buhari

Katsina abduction: Military personnel have located the bandits’ enclave in Kankara – Presidency

Following the abduction of students of a Katsina school, the Presidency has stated that the military has located the kidnappers'...

AfDB partners DFID to unveil $80m infrastructure financing for Africa, ADB launches $3 billion “Fight COVID-19” Social Bond, US calls for an independent probe of AfDB president, Akinwumi Adesina, AfDB board denies asking Adesina to step down as Obasanjo says the bank risks being hijacked

There is urgent need for proper financing of a new education system in Nigeria – Adesina

The AfDB president has said that investing in education is a means of creating a new Nigeria.

Banks' stakeholders express 4 main concerns bothering the sector right now, CBN, MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results?

Hope rises for employment in December 2020 and January 2021 – CBN survey Report