Business News
Business and economic news from Nigeria and around the world.
Nigeria Governors’ Forum declares N60,000 minimum wage unsustainable and unfeasibleÂ
The Nigeria Governors’ Forum (NGF) has stated that while a new minimum wage is necessary, a minimum wage of N60,000...
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Reps to probe MDAs for over $2 billion renewable energy investments in NigeriaÂ
The House of Representatives has mandated its Committee on Renewable Energy to investigate various Ministries, Departments, and Agencies (MDAs) involved...
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EU earned €3.4 million from rejected Schengen visa applications from Nigeria in 2023 Â
The European Union (EU) earned €3,435,200 from rejected Schengen visa applications from Nigeria in 2023, according to Schengen visa statistics.Â
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Nigeria’s domestic cargo sector took N7 billion hit during 2-day strike – AssociationÂ
Domestic cargo agents in Nigeria estimate that the country lost about N7 billion during the two-day nationwide strike by the...
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Multichoice incurs $190.5 million forex loss from Nigerian operation in 2024Â
Pan-African Pay-tv operator, Multichoice, has notified its shareholders of grim full-year results citing tough macroeconomic conditions and a $190.5 million...
Read moreDetailsSchengen visa fees for non-EU countries set to increase by 12% from June 11Â
The European Commission has announced a 12% increase in Schengen visa fees for non-EU countries which will increase from €80...
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Food security: FG providing N200 billion to support the cultivation of hectares of land – George Akume Â
The Secretary to the Government of the Federation (SGF), Sen. George Akume, has announced that the federal government is allocating...
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Freight services resume on Lagos-Kano narrow gauge railway
Freight services have resumed on the old Lagos-Kano narrow gauge railway line after the completion of its rehabilitation.
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Australian authorities project loss of 250,000 jobs dependent on foreign students
Authorities in Australia have implied that measures placed to limit international students might endanger the $48 billion international education sector...
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UN proposes $ 4.7 billion assistance for 20.9 million vulnerable people in Nigeria, 5 African countries
The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) has said that humanitarian partners would need $ 4.7...
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