Business News

NAFDAC seizes over N1.5 billion worth of fake and expired products in Lagos crackdown

"Japa"

Uzbekistan’s hike of minimum salary for foreign workers takes effect

NBC Act: FG, NBA react to Niger Governor’s shutdown of private radio station

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Business News

Business and economic news from Nigeria and around the world.

Redesigning or sensitizing; what's the way to go?

Emefiele says bandits should drop arms and embrace Anchor Borrowers’ Programme

The CBN Governor has advised bandits and others to drop their arms and embrace the bank’s Anchor Borrowers' programme.

NetPlus announces free live Webinar over digital payment for SMEs post Covid-19

CBN issues new licence and capital requirements for FinTechs

The CBN increased the minimum capital requirements for Payment Solutions Service Providers (PSSPs) from N100 million to N250 million.

AI Voice Assistant, Fireflies raises $14 million in series A funding to expand its platform

DEAL: AI startup, Fireflies.ai raises $14 million in series A funding

by Janet John

The round comes after the company previously completed a $5 million seed round in October 2019, bringing its total amount...

President Buhari, KPMG outlines the impact of a Twin Shock on Nigeria, COVID-19: FG decides as the lockdown extension drama unfolds, Buhari announces $200m intervention funds for local oil firms, disbursements for mortgages

Insecurity: Open grazing ban of questionable legality – Presidency

The Presidency has stated that the recent open grazing ban by southern governors is of questionable legality, citing constitutional freedom...

Amaechi proposes a capital budget of N205 billion for Ministry of Transportation in 2021, FG approves $3 billion Port Harcourt-Maiduguri railway and $462 million Bonny deep seaport, Banks to hold shipowners accountable for $200m CVFF disbursement. FG sets deadline for completion of Ibadan-Kano rail project, gives reason for delay

Infrastructure: There must be consequences for violating maintenance – Minister

The Minister of Transport, Rotimi Amaechi, has recommended the adoption of strict codes against violating compliance.

Why FEC meeting was postponed till Monday, FEC approves N727 billion budget increment, FEC approves N19.52 billion for road construction

Politics

President Buhari directs postponement of FEC, Police Council meeting

The president directed the postponement of the meetings in honour of the military officers who died in Friday's plane crash.

AfCFTA: Trade Minister advises Nigerian businesses to take opportunity of agreement

AfCFTA: FG to review Industrial Revolution Plan – Trade Minister

The FG plans to review Nigeria’s Industrial Revolution Plan to reflect economic realities towards the implementation of the AfCFTA.

FG repackaging school feeding programme for better focus, more impact

May 24, 2021

The Federal Government has said that it is repackaging the country’s national school feeding programme for more impact in the...

Anchor Borrowers’ Programme: Farming Unions to join to access funding

May 24, 2021

What does it take to join a Union, and which should a farmer apply for?