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October 23, 2025

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October 13, 2025

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Business and economic news from Nigeria and around the world.

WorldRemit unveils USD payout option in Nigeria

by Adeyemi Adebayo

December 7, 2020

WorldRemit has unveiled USD payout option in Nigeria in a bid to ensure flows of remittances in the country.

South Africa High commission in Nigeria shuts its offices, South Africa announces 21-day lockdown following spike in Coronavirus cases

AfCFTA: We need African Union protocol on women – AU Chairman

December 7, 2020

AU leaders called on a treaty to boost female inclusion and small-scale enterprises to trade across borders, as AfCFTA goes...

Those violating process of selecting Vice Chancellors will be sanctioned - Buhari. FG to seek international cooperation to curb illicit financial flows, Ghana and south africa, Illicit financial flows: Nigeria lost $157.5 billion between 2003 and 2012 - Buhari , President Buhari says World Bank, IMF data are not reliable, Ahead of Nigeria, Ghana and South Africa top FDI inflows in Africa – Fitch , Nigeria’s Buhari wants MDAs to publicly disclose transactions above N5 million

Buhari calls for increased regional collaboration in Africa to battle insecurity

December 7, 2020

President Muhammadu Buhari called on African leaders to promote the implementation of arms control instruments and embargoes.

Abia state governor tests positive to coronavirus, says it’s not death sentence

Abia State Governor suspends chief of staff from office

by Chike Olisah

Governor Okezie Ikpeazu has directed the immediate suspension of his Chief of Staff from office.

Gas station explosion: Lagos to enforce stiffer measures on operators, blames negligence, Lagos approves 33% increase for all state pensioners, Lagos introduces Dropbox facility for land documentation, China Development Bank, Sanwo-Olu sign $629m facility to complete Lekki Deep Seaport , Lagos State Government seeks partnership with insurance operators, Bond Issue: Lagos State Government to raise N100 billion for infrastructural development, Lagos State threatens to shut down Adron, Almond, 103 other estates for lacking approval

Lagos to host National Economic Monitoring Committee this week

by Omokolade Ajayi

The IMC of NEC will pay a two-day working visit to Lagos State from Tuesday, December 8 to Wednesday, December...

CBN health intervention fund gets new interest rate by March 2012, Nigerian banks’ non-performing loans drop significantly by 41% in 2019, External reserves decline by over 8% in 3 months, Nigeria’s external reserves increase by $1.36 billion in 13 days

CBN Governor discloses why Nigeria must stop dependence on crude oil

by Chike Olisah

Godwin Emefiele, the CBN Governor has reiterated the reason why Nigeria must cease dependence on crude oil earnings.

Lagos orders removal of all unapproved street gates in the state to ease traffic

by Chike Olisah

Lagos Government has issued a 7-day ultimatum to communities in the state, ordering the removal of unapproved street gates.

Lagos broadband coverage to include public schools, hospitals, government offices by 2021

by Omokolade Ajayi

Lagos State Government has disclosed plans to connect fibre optic cables to all public schools, health centres, and government offices...

AfCFTA: Implementation will fulfill dreams of a united and prosperous Africa – Buhari

President Buhari has announced that Nigeria will throw its full support on the commencement of the AfCFTA.

AfCFTA: Nigeria submits Instruments of Ratification, becoming the 34th State Party