Business News

Apapa Customs generates record N304 billion revenue in October 2025

November 4, 2025

U.S. military threat: Peter Obi says Nigeria suffering from lack of competent leadership

November 3, 2025

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Cheapest EU work visas for 2026: Germany, Spain top the list

November 3, 2025

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Business News

Business and economic news from Nigeria and around the world.

Square buys $50 million worth of Bitcoins, Twitter warns political figures to abstain from fake, misleading statements, Has Twitter's Jack Dorsey changed the popular narrative attached to Nigerians?, Twitter forecasts future drop in revenue after milestone record in 2019 Q4 , Twitter founder, Jack Dorsey invest N2.3 million in Nigerian startup, DevCareer , Some Verified accounts may not be able to tweet, as Twitter freezes password reset to address cyberattack, Jack Dorsey Sells First-ever Tweet for $2.9 million dollars as an NFT

Twitter CEO, Dorsey cancels plans to move to Africa, says tweet was a mistake

Contrary to reports that made rounds that the Chief Executive Officer (CEO) of Twitter, Jack Dorsey, is moving to Africa...

Lafarge Africa Plc said it is sorry for helping bring Coronavirus into Nigeria

by Emmanuel Abara Benson

The CEO of Lafarge Africa Plc, Khaled El Dokani, has apologised to Nigerians over the role his company played in bringing Coronavirus into Nigeria.

Airlines to issue Health Declaration Forms, or risk sanctions – NCAA

NCAA orders airlines to issue health declaration forms to passengers

by Ruth Okwumbu-Imafidon

NCAA has directed all airlines operating in Nigeria to issue health declaration forms to their passengers and crew members.

40 year old British airline grounded due to decline in travels

40 years old British airline grounded due to drop in travels

by Ruth Okwumbu-Imafidon

Flybe has ceased operations on Thursday, March 5, due to a plunge in travel demands resulting from the coronavirus outbreak.

Layoffs: Mark Zuckerberg confirms Meta will cut another 10,000 jobs

Facebook to change Libra unveiling plans

Facebook disclosed it had changed how its new digital cryptocurrency, Libra would be unveiled.

FEC reviews Ajaokuta-Kaduna-Kano gas project contract, approves $2.571 billion

Zainab Ahmed has announced the approval of the issuance of 85% of the EPC contract for the Ajaokuta-Kaduna-Kano gas project.

Crude oil in Nigeria, Oil producing states in Nigeria, Department of Petroleum Resources, DPR yet to recognise Anambra Enugu and Kogis States as oil producers, West Africa’s crude inventory is building up as demand slows due to Coronavirus, Oil at $26, as Saudi Arabia in no retreat no surrender oil battle with Russia, Crude oil prices fall to $30 as COVID-19 erases gains from oil production cuts, Crude oil prices surge higher as Brent crude hits almost $30 per barrel , Brent crude plunges 5%, world’s second largest economy skips economic growth target

West Africa’s crude inventory is building up as demand slows due to Coronavirus

by Emmanuel Abara Benson

There is an increasing buildup in West Africa’s crude inventory, as the Coronavirus continues to impact negatively on demands from some European countries...

ICT, mining sectors, and others have the highest VAT

More than 40 SMEs in Lagos shut down due to economic crisis

No less than 42 Small and Medium Enterprises (SMEs) in Lagos have shut down due to challenges posed by the...

Senate president warns about dangers of youth unemployment, National Assembly to ensure youth empowerment schemes are realized - Lawan

Politics

Senate approves Buhari’s $22.7 billion loan request

President Muhammadu Buhari’s request to borrow $22.7 billion has been approved by the Senate.

Stanbic IBTC Holdings Plc, Quick take: Stanbic's decent performance, Stanbic FY 2019: Modest earnings despite frail Q4 performance, Stanbic IBTC reports slight 0.8% growth in profit after tax for FY 2019

Stanbic IBTC reports slight 0.8% growth in profit after tax for FY 2019

by Emmanuel Abara Benson