Business News
Business and economic news from Nigeria and around the world.
Costs $4,000 to truck containers in Lagos, same price to ship from China
Heavy gridlock has forced business entities to pay more than $4,000 to truck a 40ft container 20km to the Nigerian...
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Trump signs $900 billion Covid-19 pandemic relief package
US President, DOnald Trump has signed a $900 billion pandemic relief package.
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Inflation rate to keep rising by 2021- LCCI
The LCCI has stated that Nigeria's inflation rate will continue rising following Covid-19 disruptions and poor economic trend.
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Naira gains significantly at black market as demand for dollars drop
The Naira appreciated significantly against the dollar – closing at N465/$1 at the parallel market on Thursday, December 24, 2020.
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Lagos Govt seals Queens Park Event Centre, Oniru for contravening COVID-19 protocol
Lagos Govt shut down Queens Park Event Centre, Oniru for contravening the State's COVID-19 Protocol.
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Nigeria’s economy will grow by 2.4% on average in 2021-25 – CEBR
Nigeria's economy will grow by 2.4% on average in 2021-25 but will slow to 2.2% in the 2026-35 period.
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FG set to lift total shutdown of Third Mainland Bridge at midnight
FG has disclosed that the total shutdown of the Third Mainland Bridge would be lifted at midnight, 24 hours ahead...
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Adamawa Governor signs 2021 Appropriation Bill worth N140 billion into law
Governor Ahmadu Fintiri of Adamawa State has signed the state’s 2021 appropriation bill worth N140 billion into law.
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CBN says bank credit grew by N290 billion in 6 weeks as lending rates drop
The CBN has disclosed that the gross credit to the economy grew by N290.13 billion in about 6 weeks.
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World Banks provides NIMC with £172 million Covid-19 protective equipment
The NIMC has been supported by the World Bank with protective equipment against Covid-19 worth £172m.
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