Business News

Nigerian Air Force opens recruitment for graduates and postgraduates nationwide

Nigeria, Japan: Kisarazu City clarifies hometown deal, says no immigration plans for Nigerians

Crime and Insecurity

Nigerians paid N2.56 billion in ransoms to kidnappers in one year

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Business and economic news from Nigeria and around the world.

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

Nigerian Treasury Bills fall to 5.2% per annum

by Nairametrics

The latest data from the Central Bank of Nigeria reveals Nigeria's 364-day treasury bills have fallen to 5.2%.

UK, trade, sanctions, Nigeria, Ogoni-9 killings: How UK protected Nigeria from global sanctions in Shell’s interest

Why UK allegedly protected Nigeria from trade sanctions – Report

Documents have shown how the British government protected Nigeria from trade sanctions in the interest of Shell.

Paga records over $2 billion worth of transactions in 2019

The founder and CEO of Paga, Tayo Oviosu, has disclosed that the mobile payment company recorded over $2 billion worth of...

Why Nigeria is experiencing its worst inflation in 21 years

Op-Eds

Still on the FG’s $22 billion loan

by Kalu Aja

FGN has reintroduced a request to the National Assembly to borrow up to $22.74 billion from the international markets.

Air travellers across Nigerian Airports hit 8.5 million in 6-month

by Bamidele Samuel Adesoji

Nigerian Airports witnessed increased patronage in 2019, as air travellers rose to 8.48 million in 6-month. Basically, total air travellers...

Access Bank tells customers to pay N50Stamp Duty

Nigeria’s retail outlets risk CBN sanction, debit N50 PoS fee from customers

by Chidinma Nwagbara

Investigations have disclosed that some retail outlets are still collecting N50 PoS Stamp Duty charge from customers despite CBN's directive.

Nigeria Customs Service shuts 272 car marts over smuggled car sales , Automobile dealers, Customs at loggerheads over vehicle smuggling, import duty , January 2020 is no terminal date; Borders will remain shut after then - Customs , FG bans fuel supply to border petrol stations, order threatens businesses, jobs, Ban on fuel distribution to border filling station begins to affect network providers , Nigeria Customs Service wants FG to impose this tax on petrol importers , Experts lament rising inflation over border closure, Closure of border petrol stations lowers fuel consumption by 30% - Customs Boss , Customs redeploys officers in charge of anti-smuggling at border , Nigerian customs records N1.3tr revenue in 2019, exceeds target by N404bn , Customs denies spending N1.6 billion on recruitment exercise alone, Customs officers must declare their assets annually – Customs boss, Nigerian Customs move to go digital in 2022

Customs redeploys officers at border

by Chidinma Nwagbara

Col. Hameed Ali (retd) has announced the redeployment of some customs officers in charge of anti-smuggling, border drill operations, etc.

NUPENG threatens to embark on strike, Chevron Nigeria Limited, Nigeria Union of Petroleum and Natural Gas Workers, Nigerian National Petroleum Corporation, Petroleum and Natural Gas Senior Staff Association of Nigeria, NUPENG and PENGASSAN, Chevron concludes gas sale deal with GenCo, one other , Chevron considers divesting from Nigeria, to focus on U.S Shale Oil, Chevron crisis continues as NUPENG issues new threat, Chevron bows to pressure, set to recall workers

Chevron crisis deepens as NUPENG issues new threat

NUPENG has threatened to take action against Chevron Nigeria Limited after the oil and gas company sacked some workers.

World’s strongest currency in 2019 projected to drop in 2020

Why World’s strongest currency may stall in 2020

Analysts fear the Canadian dollar, which was the best-performing major currency in 2019, has been projected to lose steam.

TAAG-Angola Airlines, SAHCO sign deal as national carrier