Business News
Business and economic news from Nigeria and around the world.
Lagos sets up N1 billion seed capital for hospitality sector, rolls out optical fibre across the state
Sanwo-Olu said that this seed capital will be domiciled in the Lagos State Employment Trust Fund.
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AfCFTA: Nigeria not ready for restrictive Rule of Origin
One of the objectives of the AfCFTA is to promote industrial development through diversification.
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Lagos announces incentives as it reviews land use charge, reconsiders dusk-to-dawn curfew
The governor offered a 25% discount for those who make early payment of the land use.
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NNPC to use $1.5 billion prepayment deal to pay taxes owed by NPDC
The deal, which is a first of its kind since the pandemic, was led by Standard Chartered Bank.
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FG releases schedule of national exams for exit classes, as NECO starts october 5
National Examination Council (NECO) will start on October 5 and end on November 18, 2020.
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Otedola, Alakija, Okonjo-Iweala, others make list of 100 most reputable Africans
Nairametrics understands that the main selection criteria for the list are integrity, visibility, and impact.
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OPEC cuts to hit Seplat’s 3rd quarter earnings
Seplat Petroleum reported total revenue of N80.1 billion in H1 2020.
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World Bank approves $500 million to help keep 6 million Nigerian girls in school
The Bank said that the project would be implemented mainly in Northern states.
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Amaechi believes Chinese loan probes may hinder investment into Nigeria’s infrastructure
Amaechi asked that the probe be postponed until December after the loan must have been received.
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Senate summons Fashola, Ahmed over contract sum variation for Second Niger Bridge, others
The House of Representatives committee on works had earlier expressed its displeasure at the slow pace of work.
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