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.

Politics

Greek firm gets FG backing to train youths on fishing

by Joseph Olaoluwa

Concept Amadeus has disclosed its intention to set up an industrial fishing project for the purpose of engaging youths in...

Like Oando, SEC investigates, SEC’s e-dividend mandate criticised for being difficult Lafarge Africa, Do not put all your eggs in one basket - SEC warns investors , E-Dividend: 2.820 million investors enrolled on e-DMMS in Q3’19, SEC reaffirms commitment to promote Commodities Trading, SEC threatens to suspend outdated accounts, move to address unclaimed dividends, Wonder bank clampdown: Ponzi scheme operators lose N2.35 billion assets to SEC. SEC to strictly regulate crowdfunding, issues new rules

Diversify your investment – SEC warns investors

by Joseph Olaoluwa

Investors have been advised to diversify their investments while transacting business in the capital market.

DPR cautions IPMAN against PMS diversion

by Titobioluwa Okunade

The DPR has cautioned the Independent Petroleum Marketers Association of Nigeria (IPMAN) in Osun State against diversion of petrol.

FIRS establishes Tax Office for foreigners in Nigeria, intensifies compliance strategy , Babatunde Fowler attributes FIRS success to technological innovation , Nigeria to lure foreign investors with attractive tax incentives ,, JUST IN: President Buhari nominates Muhammad M. Nami as Fowler’s replacement, institutes new board , Ex-FIRS boss, Babatunde Fowler reacts to President Buhari not renewing his tenure

Nigeria to lure foreign investors with attractive tax incentives

by Chidinma Nwagbara

Foreign investors looking to invest have been advised to choose Nigeria as their first option for business.

Politics

What the Year of Return means for Ghana tourism

by Op-Ed Contributor

The year 2019 marks 400 years since the first slaves were taken from Africa to the Americas, in what was...

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

FG bans fuel supply to border petrol stations, order threatens businesses, jobs

by Fakoyejo Olalekan

The Federal Government has ordered that fuel stations close to the land borders should no longer get petroleum products.

Politics

Nigeria loses $41.9 billion to crude oil theft in 10 years

by Abiola Odutola

Nigeria lost $41.9 billion to crude oil and refined products theft between 2009 and 2019, a report obtained by Nairametrics disclosed.

#EndSARS: Looted wheat in Jos poisonous, not for consumption – FMARD warns, FG set to provide interest-free loans and agricultural inputs to farmers, FG moves to reduce gender inequality in agriculture , Border closure doesn’t violate free trade agreement – Agric Minister, Sabo Nanono

FG moves to reduce gender inequality in agriculture

by Chidinma Nwagbara

In a bid to reduce gender inequality and bias in Agriculture, the FG has launched a new policy, the National...

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

by Titobioluwa Okunade

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