Business News

Enugu govt accuses Sujimoto CEO of defrauding state of N5.7 billion over smart schools project

September 6, 2025

Sujimoto founder Ogundele denies EFCC fraud allegations, cites delays in Enugu projects

September 5, 2025

NDLEA arrests 280 drug suspects in Oyo State, secures 43 convictions in 8 months

September 5, 2025

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Business News

Business and economic news from Nigeria and around the world.

US Government removes visa reciprocity fees for Nigerians

Update: Nigeria, only African country barred from US visa lottery for 2022

Nigerian citizens have been declared not eligible to apply for US visa lottery for 2022.

CBN to restrict foreign exchange on more food imports

CBN to sanction exporters who default on export proceed number

CBN to sanction exporters who ship out goods without Nigerian Export Proceeds (NXP) numbers.

Eni S.p.A accuses Nigeria, US litigation funder of lack of transparency

Eni S.p.A accuses both Nigeria and US investment firm of lack of transparency in its in a long-running dispute over...

U.S stock futures trade flat, Apple regains $2 trillion market value, Apple iPhone 11, Tax battle: Apple challenges $14 billion court case , Apple to pay $500 million settlement in lawsuit over slow iPhones, Apple supplier Foxconn to reopen manufacturing base in China, Apple donates 10 million face masks to healthcare workers, App developers can now challenge Apple store guidelines

Apple newest flagship phones draw mixed reactions

by Ajalogun Hakeem

Apple, at the iPhone Launch Event on October 13, 2020 introduced its newest flagship phones through a virtual launch event....

Federal Government to activate full potentials of mining sector

FG earmarks over N190 billion for road construction in the 6 geo-political zones by 2021

by Chidi Emenike

FG has earmarked over N190 billion to be spent on road construction and rehabilitation.

Flutterwave Chairman says he ordered closure of firm’s payment platform

#EndSARS: Flutterwave denies that its Chairman ordered shutdown of its payment channel

Flutterwave has denied its Chairman ordered the suspension of its payment platform.

FG liberalize mining sector, grants 5 years tax concession to miners and other perks

FG liberalizes the Mining sector, grants 5 years tax concession to miners

by Chidi Emenike

In efforts to liberalise the sector, the Federal Government has granted five years tax holiday for miners.

ASUU, NSITF, FG moves to scrap hazard allowances earned by State Governors

IPPIS: FG considers adopting ASUU’s proposed payment platform

The FG has said that it might consider adopting the UTAS alternative emoluments payment platform presented by ASUU.

Premier Feeds, Crown Flour and 2 others import 262,000MT of Maize

Maize Scarcity: Premier Feeds, Crown Flour, 2 others import 262,000MT of Maize

by Chidi Emenike

Premier feeds, Crown Flour, Chi Farms, and Mills Wacot have altogether imported a total of 262,000 metric tons of maize.

Buhari says large proportions of new COVID-19 infections now occur in communities

Politics

Update: Buhari seeks power to freeze accounts, clamp down on money launderers