Business News

UNGA80: Nigeria to intensify push for UN Security Council Permanent Seat – Tuggar

September 22, 2025

Entertainment

Meet 15 top rated Nigerian actors in Hollywood’s $49 billion industry

September 21, 2025

Business

Tinubunomics Not Working: SME’s groan over rising cost of doing business

September 21, 2025

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Business News

Business and economic news from Nigeria and around the world.

EFG Hermes kicks off Second Virtual Investor Conference

EFG Hermes records 30% revenue growth in Q1 2021

by Samuel Oyekanmi

EFG Hermes, a leading financial services corporation in Frontier Emerging Markets reported a 30% growth in its revenue in Q1...

Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBN, CBN releases regulatory guidelines on the eNaira

Business

Nigeria imports over $580 million worth of cassava by-products every year – CBN

by Abiola Odutola

The CBN has stated that Nigeria imports over $580 million worth of cassava by-products annually.

Politics

Insecurity: 11 incidents of attacks on INEC offices in 2021 – INEC

INEC has disclosed that in 2021, there have been 11 attacks on its facilities in 7 states as of May...

Energy

Addax petroleum: Scandal won’t affect Nigeria – Chinese relations – FG

The FG has said that Addax Petroleum's oil mining license revocation and reversal will not affect Nigeria's relations with China.

Reps raise alarm over N200 billion unclaimed dividends in 2020, the Capital market, Lamido Yuguda assumes duty as new DG of Security and Exchange Commission, SEC promise to intensify monitoring, surveillance of market operators

Existing crowdfunding companies must register with SEC before June 30 – SEC

SEC has ordered all companies offering crowdfunding services to register with it on or before June 30 or stop operations.

land borders to be reopened soon, Finance, Ministaer, vow to recover AMCON debt through issuance of promissory notes, FG reiterates stance on IPPIS as ASUU threatens strike, Finance Minister, Zainab Ahmed identifies capital market as key driver for economic growth , Nigeria has paid $1.09 billion to service its debts in 2019 , Dividends on oil proceeds will be taxed - FG , State governments own most bad roads - Finance Minister says, Budget deficit increases by N351.98 billion, as FG misses revenue target, Economy: Funding MSMEs in Nigeria , Finance Bill: New tax regime to take effect from Jan 2 - FG , Again, Finance Minister argues that Nigeria is not in debt distress , ECOWAS: Single currency regime not kicking off in 2020 , FG: CBN holds N43 billion stamp duty charges collected by banks , FG may shift deadline to deactivate bank accounts without tax verification, Confusion as ministry and presidency disagree over Finance Act start date, 7.5% VAT: Implementation to begin Feb 1 – FG , Finance Minister: Nigeria to go into recession if ..., Foreign tech companies that will now pay tax to FGN: see the criteria

Infrastructure projects to be screened for PPP viability – Minister

The FG has stated that all infrastructure projects would be screened for Public-Private Partnership (PPP) viability.

Lagos kick starts cash for work programme for vulnerable people, businesses

Lagos says it attracted $26.07 billion investments in last 2 years

by Chike Olisah

The Lagos State Government has disclosed that it attracted $26.07 billion in investments within the last 2 years.

Sports

UEFA fines Zlatan Ibrahimovic £50,000 for investing in betting company

by Ajalogun Hakeem

UEFA has fined Zlatan Ibrahimovic €50,000 for violating the football body's disciplinary regulations.

Lagos shuts Chinese firm, goes after safety violators in workplace

by Chike Olisah

A Chinese firm has been shut down for violating safety precautionary measures leading to the death of a teenage employee.

Update: President Buhari appoints Farouk Yahaya as new Chief of Army Staff

by Chike Olisah