Business News
Business and economic news from Nigeria and around the world.
East-West Road: FG releases N7 billion to contractors to facilitate project – Minister
The FG has disclosed that it released the sum of N7 billion to contractors to facilitate the East-West road project.
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Oyo State plans to invest for 15% equity in Dry Port – Seyi Makinde
The Oyo state government is prepared to invest to get 15% equity in the dry port.
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Nigerian Customs abolishes random examination of containers at ports
All containers must be physically examined before leaving the ports.
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Chief of Army Staff, Ibrahim Attahiru, 10 others die in plane crash in Kaduna
A military aircraft has crashed in Kaduna killing the Chief of Army Staff.
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FG approves 7 ministerial regulations on local content development
The FG has approved and gazette 7 Nigerian Content Ministerial Regulations, making them subsidiary legislations.
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Insecurity: Rightful agitations in the South East have turned violent – Ebonyi Governor
The Governor of Ebonyi State, David Umahi warned that the insecurity situation in the Southeast is a case of rightful...
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Lagos records N127 billion internally generated revenue in 3 months
The Lagos State Government has announced that it had an Internally Generated Revenue (IGR) of N127 billion in the first...
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Fuel Deregulation: Governors support deregulation of oil sector to end subsisdy
The governors, through El Rufai, have said that the FG spending over N150 billion monthly on subsidy is unsustainable.
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Bank of Industry assets rise to N1.8 trillion
The Bank of Industry (BOI) disclosed that despite the pandemic in 2020, its assets rose to N1.8 trillion in the...
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Excess Crude Account balance as at May 18 stood at $72.4 million – NEC
NEC has disclosed that Nigeria's Excess Crude Account balance stood at $72.4 million as at May 18, 2021.
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