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NLC demands increase in RSA withdrawal limit to 50%

by Rosalia Ozibo

October 31, 2025

Business News

U.S. ends automatic extension of work permits for immigrants, effective Oct 30

October 30, 2025

Breaking News

Tinubu slashes presidential pardon list amid public backlash

October 29, 2025

Business News

NDLEA seeks forfeiture of Proxy Night Club for hosting drug party

October 28, 2025

Home Category Business News

Business News

Business and economic news from Nigeria and around the world.

Access Bank vs. Seplat: Of subterfuge and corporate brutality

Business

Court suspends Mareva injunction, orders opening of Seplat’s corporate offices

by Omokolade Ajayi

January 22, 2021

The Court of Appeal has suspended the interim order issued by a Federal High Court sealing the corporate Offices of...

NASENI, Public holidays, President Buhari to scrap NNPC, PPPRA as he submits new PIB to National Assembly, Buhari says there is no provision for fuel subsidy in revised 2020 budget, President Muhammadu Buhari to address Nigerians on Monday, receives update and recommendations from PTF, President Buhari earmarks N420 billion for N-Power, GEEP and others under NSIP in 2021, Buhari approves the appointment of Dr Orji as the new boss of NEITI

Business

Buhari directs FIRS, others to ensure strict compliance of tax payment by foreign firms

by Chike Olisah

January 22, 2021

President Buhari has directed the FIRS and other related government agencies to ensure strict compliance of tax payments by foreign...

Nigeria to establish solar PV projects with $1.5 billion loan FG secured in August 2022

Business

Renewable energy critical driver of Africa’s post-COVID-19 recovery and prosperity

by Adeyemi Adebayo

January 22, 2021

Renewable energy will be a critical driver of Africa’s post-COVID-19 growth recovery and economic prosperity.

Business

CBN has disbursed N14.35 billion to DisCos for meter procurement – FG

by William Ukpe

January 22, 2021

The CBN has disbursed a total of N14.35 billion to DisCos to cover the procurement of meters.

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

Politics

FG says Excess Crude Account balance now stands at $72.4 million

by William Ukpe

January 22, 2021

The Federal Ministry of Finance has told the NEC that the Excess Crude Account (ECA) now stands at $72.4 million...

Joe Biden gains additional 4.6 million Twitter followers in less than 12 hours

Diaspora

President Biden directs international air travelers must quarantine upon arrival

by Chike Olisah

January 22, 2021

President Joe Biden has directed international air travellers to quarantine upon arrival in the United States.

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

Business

FG launches N900 million E-Ticketing platform for Abuja-Kaduna railway

by William Ukpe

January 22, 2021

The FG has launched an E-Ticketing platform for the Kaduna-Abuja rail services of the NRC.

Airlines want more women stakeholders in aviation sectors , Ministry of Health approves COVID-19 protocols for aviation sector, as airports prepare to resume, Nigerians willing to travel abroad will wait a bit longer- Aviation Ministry

Business

FG commences mop-up verification exercise for ex-workers of Nigeria Airways Limited

by William Ukpe

January 22, 2021

The FG has commenced verification exercise for ex-workers of Nigeria Airways Limited.

Nigeria signs African Trade Insurance Agency agreement, Xenophobia, FG returns tollgates sixteen years after Obasanjo scrapped it from federal roads

Business

Buhari orders MDAs to grant FIRS access to their systems

by William Ukpe

January 21, 2021

Buhari has directed all government agencies and business enterprises to grant FIRS access to their systems for a seamless connection.

Economy: IMF & World Bank differ on Nigeria’s growth outlook, Amid coronavirus spread, World Bank to step down global growth forecast , Nigeria to receive first tranche of World Bank’s $3 billion loan soon, World Bank commits $12 billion to curb coronavirus, defend developing countries’ economy

Business

World Bank Group to deploy $160 billion for COVID-19 interventions

by Johnson Uche

January 21, 2021

The Bank expects to deploy up to $160 billion over 15 months through June 2021 to support countries’ responses to...

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NLC demands increase in RSA withdrawal limit to 50%

U.S. ends automatic extension of work permits for immigrants, effective Oct 30

Tinubu slashes presidential pardon list amid public backlash

NDLEA seeks forfeiture of Proxy Night Club for hosting drug party

Business News

Business and economic news from Nigeria and around the world.

Court suspends Mareva injunction, orders opening of Seplat’s corporate offices

Buhari directs FIRS, others to ensure strict compliance of tax payment by foreign firms

Renewable energy critical driver of Africa’s post-COVID-19 recovery and prosperity

CBN has disbursed N14.35 billion to DisCos for meter procurement – FG

FG says Excess Crude Account balance now stands at $72.4 million

President Biden directs international air travelers must quarantine upon arrival

FG launches N900 million E-Ticketing platform for Abuja-Kaduna railway

FG commences mop-up verification exercise for ex-workers of Nigeria Airways Limited

Buhari orders MDAs to grant FIRS access to their systems

World Bank Group to deploy $160 billion for COVID-19 interventions

Recent News

Recent News

Beta Glass Q3 pre-tax profit hits N12.71 billion, nine-month profit more than doubles

LG expands AI Ecosystem: From Smart TVs to connected home experiences

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