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NDLEA seizes over 11.2 million kg of drugs, arrests more than 67,000 suspects in 54 months

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Meet Nigerian governors who built their careers in private sector before politics

August 9, 2025

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Business and economic news from Nigeria and around the world.

Lekoil Nigeria, Cayman subsidiary agree to settle legal dispute

Lekoil secures $11.5 million facility

by Chidinma Nwagbara

Lekoil Oil and Gas Investments Limited has signed a $11.5 million facility with FBNQuest Merchant Bank.

Bridging Nigeria’s Infrastructure gap; getting the funding

by CSL Stockbrokers

Nigeria’s widening infrastructure deficit has been a recurring discourse over the years.

NSIA Insurance assures customers of tailor-made solutions

by Abiola Odutola

NSIA Insurance has assured its customers that it is still committed to providing tailor-made solutions to suit them.

Nigerian Breweries quotes additional series of Commercial Papers on the FMDQ Exchange

Quick Take: Seasonality and high leverage weigh on earnings

by CSL Stockbrokers

Nigerian Breweries’ (NB) in its recently released 9M 2019 financials reported marginal 1.0% y/y decline in Net Revenue.

FG set to award contracts for broadband projects across Nigeria

5G Network to undergo 3 months test run before approval – NCC

by Joseph Olaoluwa

The Executive Vice Chairman of the NCC, Prof. Umar Danbatta has publicly disclosed that the 5G network would undergo series...

MPR, CBN, GTBank, CBN disagrees with IMF, says land border closure boosting local production, Border closure: Emefiele says Benin, others must engage Nigeria before borders are reopened , bvn 2.0, CBN reveals banks’ foreign assets rise to N14.19 trillion in 2019

Border closure: Emefiele says Benin, others must engage Nigeria before borders are reopened

by Joseph Olaoluwa

The Governor of the Central Bank of Nigeria, Godwin Emefiele has stated that Nigeria's economy is better off with its...

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

Babatunde Fowler attributes FIRS success to technological innovation

by Joseph Olaoluwa

Babatunde Fowler, Chairman of FIRS has attributed the success of revenue collection in the country to the adoption of technology.

Lafarge Africa provides grant for startups, Lafarge Africa’s latest earnings report reveals 8.5% decline in gross profit , Lafarge Africa gets new CFO one month after resignation of former finance director, Lafarge Plc reveals why it invited Italian man with Coronavirus to Nigeria, Lafarage Africa group Plc posts a revenue of N213 billion in 2019, profit up N17 billion, Lafarge moves to sell 35% shareholding in Continental Blue Investment Ghana Limited

Lafarge Africa’s latest earnings report shows 8.5% decline in gross profit

by Emmanuel Abara Benson

Lafarge Africa Plc has announced its financial report for the nine months ended September 30th, 2019.

FG owes DisCos over N500 billion to electricity Subsidy - PwC

FG owes DisCos over N500 billion in electricity Subsidy – PwC

by Bamidele Samuel Adesoji

The Federal Government owes the 11 DisCos in Nigeria over N500 billion in what is described as tariff shortfall from electricity subsidy.

Konga’s founder discloses how he paid N60 million debt that wasn’t his, to save Konga’s operation

by Fakoyejo Olalekan