Business News

CBN Governor Cardoso to champion innovation in Lagos lecture October 3

EFCC recovers N364.5bn, $326.5m and secures 4,111 convictions in one year

"Japa"

Canada closes permanent residence pathway for caregivers abroad

Home Category Business News

Business News

Business and economic news from Nigeria and around the world.

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

by William Ukpe

May 28, 2021

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

President Buhari has today appointed Major General Farouk Yahaya as the new Chief of Army Staff (COAS)

FG explains why it extended the tenure of IGP despite attaining 60 years retirement age

Insecurity: IG of Police gives updates on security situation

by William Ukpe

The Acting IGP has said that the disbandment of SARS has left a gap in tackling insecurity in Nigeria.

Oil price bearish as Iranian supply worries investors

by Ajibola Akamo

Brent crude is trading $68.16 a barrel, currently down 0.83%, erasing Wednesday's gain.

Alex Okoh, FG stops privatization of refineries, describes Ajaokuta Steel’s problem as complex

BPE discloses plans to privatise Transmission Company of Nigeria

by William Ukpe

The Bureau of Public Enterprises disclosed plans to unbundle the Transmission Company of Nigeria.

World Bank approves $700 million credit to aid access to potable water in Nigeria

by Abiola Odutola

The World Bank has approved $700 million credit to Nigeria's SURWASH Program to aid access to potable water and improved...

Covid-19: First world nations oppose waiving intellectual rights for vaccine development, Edo state demands vaccination cards as Delta state mandates compulsory vaccinations

IFC, WTO Chiefs, Elumelu call for Made-in-Africa vaccine

by Abiola Odutola