Business News

The Small and Medium Enterprises Development Agency of Nigeria will spend a total sum of N6.2bn on the purchase of motorcycles and tricycles as empowerment programmes for Nigerian youths and...

The Nigeria Civil Aviation Authority has said it will spend N8.3bn on transportation and travels in 2024. The agency disclosed this in the Government-Owned Enterprises budget proposal submitted to President...

The World Bank estimates that improved access to Internet coverage over three years led to a seven per cent reduction in extreme poverty in Nigeria and Tanzania. The bank disclosed...

The cost of powering Nigeria’s communications network rose by 34.57 per cent to N429.43bn in 2023 as diesel prices soared. In 2023, telecommunication companies spent about N429.43bn on fueling base...

The shareholders of agribusiness company, Ellah Lakes Plc, have approved the plan to raise about N5bn in capital. The shareholders gave their approval at the last Annual General Meeting of...

Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment compilation revealed that airlines...

14 fossil fuel companies in 24 months made profit windfalls of $346.713bn, a report by ActionAid has said. The report has it that the fossil fuel firms, between June 2021...

In a week of positive momentum, the Nigerian Exchange Group (NGX) witnessed an impressive 13.8% surge, culminating in a 2.87% gain on the last trading day. The NGX All-Share Index...

The Executive Secretary of the Nigeria shipper's council Pius Akutah, has unveiled pivotal plans orchestrated by the Ministry of Marine and Blue Economy to navigate the challenges plaguing the maritime industry,...

The Nigerian Export Promotion Council (NEPC) has recently unveiled concerning statistics indicating a decline in the nation's non-oil exports. Despite the federal government's dedicated efforts to diversify the economy away...