BUSINESS & ECONOMY
Latest business news in Nigeria – This is the hub for discovering the latest business, economy and finance news today in Nigeria.
CBN’s FX restrictions and Nigerian consumers
Recently, the CBN added sugar to the items under its foreign exchange prohibition list. EHIME ALEX writes that while the...
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ASC: Steelers decry lull in Nigeria, Russia MoU
African Iron and Steel Association has decried Nigerian government’s inaction in the bilateral agreement with Russia to revamp the Ajaokuta...
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AMCON raises banks’ levy by 19%
Levy placed on banks by the Asset Management Corporation of Nigeria increased by 18.69 per cent to N188.44bn in 2020...
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Train 7 project: Nigeria may sanction expatriates
The Nigerian Government has threatened to sanction erring expatriates for failure to open operational bases in Bonny Island, Rivers State...
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Negative growth hits Nigerian states’ IGR
Nigeria's 36 states and Federal Capital Territory generated N1.31tn as Internally Generated Revenue in 2020, compared to N1.33tn recorded in...
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Navy receives new offshore survey vessel
The Nigerian Navy, Thursday, in Saint Nazaire, France, took delivery of its first purpose-built offshore survey vessel, NNS LANA. At...
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Nigerian govt apologises over power outage
Nigeria's Minister of Power, Mr Sale Mamman, has apologised for the current power outages being experienced across many parts of...
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IFC seals $300m deal for Africa’s health sector
The International Finance Corporation has sealed a deal to help small businesses in Africa purchase essential medical equipment and strengthen...
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Facebook signs renewable energy deal in India
Facebook has signed its first deal to provide renewable energy in India. It’s partnership with Mumbai-based CleanMax will add 32...
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Madoff, Ponzi scheme con man, dies at 82
Bernard Madoff, investment adviser and notorious con-man, who led major securities' swindle and defrauded investors of over $19bn in US'...
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