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Nigeria’s box office sales drop to N900 million, second lowest of 2025

Lagos govt removes illegal structures obstructing Jebba/Kano collector in Ebute Metta

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Netflix stock dips after Elon Musk subscription controversy

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Business and economic news from Nigeria and around the world.

World Bank, Focus on lifting people out of poverty - World Bank tells FG , World Bank, IFC to assist in solving Nigeria’s infrastructure deficit , EXCLUSIVE: World Bank tasks developing nations to tap opportunities in GVCs, Warning signs: Nigerians living in extreme poverty might increase by 30 million – World Bank, US, China and UK’s protectionism ambition to affect Nigeria’s export, FDI , Terrorism bane to Nigeria's Agric development - World Bank

World Bank ranks Nigeria among World’s most improved countries in “Doing Business”

by Bamidele Samuel Adesoji

World Bank has ranked Nigeria as one of the top 10 economies that improved the most on the ease of doing business.

Guinness Nigeria’s latest financial report shows significant loss

by Emmanuel Abara Benson

Top brewer, Guinness Nigeria Plc, has released its interim unaudited financial report for the three months period ended September 31st,...

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

CBN restricts OMO auctions to banks, foreign investors

by Abiola Odutola

The CBN has directed all banks to exclude individuals and local corporates from investing in OMO auctions with effect from October...

NNPC, Domestic Crude Allocation, Why NNPC’s Duke Oil is quitting London operations for Dubai , NNPC divests stake in four oil wells to NPDC , How NNPC discovered oil, gas deposits in the North , Nigeria to leverage on condensate refineries to be petrol net exporter, How NNPC saved $3 billion from arbitration , NNPC, IPPG donate medical supplies to South West state governments, NNPC discloses bases for employment and managerial progression in the oil firm, NNPC diversifies into housing, power; plans to beat crude production cost to $10 per barrel

UPDATE: NNPC is set to work with Russia’s Lukoil

by Emmanuel Abara Benson

The NNPC has signed MoU with Russia’s Lukoil, which happens to be one of Russia’s largest energy companies.

Japan to boost trade investments via Nigerian partnership

by Joseph Olaoluwa

Japan's investments in Nigeria have been quite significant in the past four years.

Nigeria concludes plan with Russia to modernize railway infrastructure

by Chidinma Nwagbara

The Federal Government has signed a Memorandum of Understanding with Russia to modernize the railway sector.

Total Nigeria records loss for the first nine months of 2019

by Emmanuel Abara Benson

Total Nigeria Plc has released its unaudited financial statements for the three quarters ended September 31st, 2019.

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

Budget

Housing sector to get N60.87 billion allocation in 2020 budget

by Joseph Olaoluwa

The Federal Government is proposing the sum of N60.87 billion for capital projects in the housing sector next year.

FG/Labour face-off : End of discussion or a temporary respite?

by CSL Stockbrokers

Long-standing face-off between the Organised Labour NLCand TUC and the federal government over the implementation of the new minimum wage...

Divergent vs ex-employees: Two sides to allegations against Glory Osei, Folorunso Muyiwa

by Fakoyejo Olalekan