Business News

Tinubu heads to Abuja after participating in Aqaba Process Summit in Rome

October 18, 2025

Entertainment

Nollywood box office: Top 10 movies with record opening weekends

October 18, 2025

Omi Eko: Lagos commences €410 million inland waterway project on Lagos Lagoon

October 17, 2025

Home Category Business News

Business News

Business and economic news from Nigeria and around the world.

#TwitterBan: FG serves SERAP preliminary objection over plan to sue

SERAP sues Buhari over $25 billion Ways & Means loan

by William Ukpe

July 5, 2021

SERAP has sued President Buhari over the $25 billion Ways and Means loan from the CBN.

Broadband subscriptions peak at 82.7m – Prof. Danbatta, NCC initiates second phase of sim deactivation, disables 2.2 million lines, MTN, Airtel, others contribute N6 trillion to GDP each quarter every year, NCC wades into coronavirus linkage with 5G, says controversy is untrue

NCC records 400% revenue increase, generates N150 billion spectrum fees in 5 months

July 4, 2021

The Nigerian Communications Commission (NCC) has said that it generated a revenue of over N150 billion from spectrum license fees...

PENCOM, Pension Funds, Analysis: Your pension fund is worth less, PenCom dissolves interim management committee for First Guarantee Pension, appoints new board

Retirement benefits to pensioners drop by N23.57 billion in Q1 2021

by Abiola Odutola

July 4, 2021

Pension Fund Administrators paid N67.42 billion as retirement benefits to pensioners under the Contributory Pension Scheme in Q1 2021.

FG records N6 trillion loss across sectors due to Lagos gridlock

NPA directs enforcement of minimum safety standards for trucks at the ports

July 4, 2021

The NPA has directed the enforcement of Minimum Safety Standards (MSS) scheme for trucks doing business at the ports.

Reps investigate N600 billion monthly revenue loss at Apapa, Tin Can ports

NPA collaborates with Lagos, others in clean-up operations of Lagos ports

The Nigerian Ports Authority (NPA) is collaborating with the Lagos State Government and relevant security agencies in the full-scale clean-up...

FG seeking approval from National Assembly for $1.2 billion agric loan, Capital market to get more tax incentives - FG , FEC reviews Ajaokuta-Kaduna-Kano gas project contract, approves $2.571 billion, FG to reduce N1.5 trillion from 2020 budget due to coronavirus, Proposed N12.43 trillion deficit for 2023 budget, disturbing- Senate

Nigeria’s GDP projected to grow 4.2% by 2022 – Finance Minister

by William Ukpe

The Federal Government has forecasted that the Nigerian economy will grow by as much as 4.2% in 2022.

FG inks $3.9 billion deal with Chinese firm for construction projects

Railway project: Lagos to divert traffic at Brewery, Ijora for 28 days

The Lagos State Government has announced the diversion of traffic flow at Brewery and Ijora Level Crossings for the construction...

Decades after, Lagos-Badagry expressway still a national disgrace

Lagos, CCECC, assures Lagos-Badagry Expressway to be completed by December 2021

The Lagos State Government and the contractor handling the Lagos-Badagry Expressway project, CCECC, has committed to the December completion deadline...

Nigeria and 6 other countries to benefit from AfDB $1 million technical grant for sustainable transport

AfDB says risk of debt defaults is increasing in Africa

by Abiola Odutola

At least, 24 African countries had applied for the Paris Club–led Debt Service Suspension Initiative.

Lagos-Ibadan railway will be completed on or before January 2021 - Rotimi Amaechi , China set to approve $5.3 billion for Ibadan-Kano rail project

Vandalism: 15,000 clips stolen from Abuja-Kaduna rail in six years – Minister

by William Ukpe