Business News

Freight forwarders have said there may be congestion of imported vehicles at the nation’s seaports following the Nigeria Customs Service’s decision to raise duty on imported vehicles by 10 per...

The increasing cost of production occasioned by forex and Customs fees has limited the growth of the construction sector in 2022, CBK Integrated Industries, a ceramic manufacturing firm, has said....

Given the imminent surge in population, the Federal Government has been advised to prioritise and invest more in housing schemes to provide more affordable houses to Nigerians. According to the...

The Lagos Chamber of Industry as well as the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture have expressed dismay at the recent revelation that Nigeria’s debt could...

The number of power consumers on estimated billing, who lack meters, has risen to over 7.8 million, the Nigerian Electricity Regulatory Commission has said. It was gathered that the number...

Nigeria’s trade surplus rose year-on-year (YoY) by 69 percent to $11.58 billion in the first ten months of 2022 (January to October),  from $6.85 billion in the corresponding period of...

The President of the Nigerian Union of Local Government Employees, Akeem Ambali, has urged the Federal Government to negotiate with labour over the proposed review of the allowances for government...

The management of Eko Electricity Distribution Company has disclosed that plans have been concluded to provide 20 hours uninterrupted daily electricity supply to its customers in 2023. This is as...

The Company of the Year competition, an African high school entrepreneurship competition, is being organized by First Bank in collaboration with JA Africa. According to a statement from the bank,...

The Organised Labour has faulted the over N3tn bailout granted to generation and distribution companies in the power sector by Federal Government after they have been privatised. The National Union...