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Former NACCIMA President Dele Oye criticizes regulatory practices, says NAFDAC now charges firms for raids

August 17, 2025

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Meet top 11 artist managers powering Nigeria’s $2 billion Afrobeat music industry

August 16, 2025

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Business News

Business and economic news from Nigeria and around the world.

National Assembly approves Federal Government’s plan to borrow $11 billion in 2021, Senate urges FG to diversify from crude oil to natural gas production , Senate seeks textile importation ban , Senate receives six aviation sector bills from Buhari , PenCom: Constitute a board, NASS and pension operators tell FG, Nigeria’s total debt now N33trn —Senate, Senate confirms appointment of board members for NDIC, law reform commission, Senate to confirm reappointment of Danbatta as NCC boss, Senate investigates claims of NELMCO, AEDC over govt asset, Senate Investigate Banks over customers exploitation and high fees, 2021 Budget: Senate sets motion for budget defense, commences 2020 review, #EndSARS: States affected by hoodlums should get 1% VAT - Senate, Senate approves National Emergency Medical Services Agency, State House clinic: FG has budgeted N3.5 billion for State House Clinic since 2017

Senate urges FG to diversify from crude oil to natural gas production

A senator stated yesterday during plenary that according to NNPC, Nigeria lost N197 billion in revenue to gas flaring last...

15% of low-income countries are already in debt distress – IMF

IMF says Benin’s economy is stronger despite Nigeria’s border closure

by Chidinma Nwagbara

The Republic of Benin has continued to post a strong economic performance despite the closure of the border the country...

NCC to capitalize on AfCFA to boost economic gains

NCC to capitalize on AfCFTA to boost economic gains

The NCC has disclosed that it is determined to take advantage of the economic gains of the African telecommunications market.

CBN releases new guidelines for OFIs, orders inclusion of NUBAN code or face sanctions

Update: CBN to bar individuals, start-ups from trading treasury bills

by Abiola Odutola

The CBN has ordered all commercial banks and other financial institutions to ensure treasury bills are not sold to individuals...

Politics

Nigerians knock Fashola over comments on “bad roads”

by Bamidele Samuel Adesoji

Babatunde Fashola appeared to have angered many Nigerians with his latest comments on the state of the country’s roads.

Here’s why Total is selling its 12.5% stake in Nigerian oil block

by Fakoyejo Olalekan

Total Group is looking for buyers for one of its major oil blocks in Nigeria.

Delta State House of Assembly passes N384 billion 2021 Appropriation Bill, Okowa targets N100 million annual revenue via Asaba Airport concession , COVID-19: Delta State shuts down Asaba Airport, closes land borders

Okowa targets N100 million annual revenue via Asaba Airport concession

by Joseph Olaoluwa

The concession of the Asaba Airport has been regarded as a welcome idea by the Delta State Governor, Ifeanyi Okowa.

SMEDAN invests N103.5 million in Sokoto entrepreneurs

SMEDAN disclosed that it has given N103.5 million to 2,070 entrepreneurs in Sokoto state

FG approves N6.28 billion for 24-month repair works on Third Mainland Bridge

Nigerian roads are not that terrible, Fashola says

by Joseph Olaoluwa

The Minister of Works and Housing, Babatunde Fashola has said that Nigerian roads are not as bad as people think....

154 failed banks: Insurance corporation commences payment to depositors , NDIC settles over 500,000 failed banks, MFB depositors, Defunct Savannah Bank not yet liquidated – NDIC clarifies , NDIC to use AI, digital technology to tackle emerging threats to banks , NDIC extends insurance coverage to mobile money subscribers, FG moves to capture 80% of Nigerians in formal financial services sector

NDIC extends insurance coverage to mobile money subscribers