Business News

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...

The Nigeria Employers’ Consultative Association has stated that dwindling input and forex scarcity were adversely impacting businesses in the country. The Director-General of Nigeria Employers’ Consultative Association, Mr Adewale Oyerinde,...

The Nigeria Financial Intelligence Unit has prohibited cash withdrawals from accounts belonging to the Federal Government, all its agencies, states and local governments. It also announced new guidelines for compliance...

Trading activities on the floor of the Nigerian Exchange (NGX) closed on a bearish note as investors lost N429.8 billion in market capitalization following profit-taking in Airtel Africa Plc, 15...

The Nigerian Ports Authority has said that for Nigeria to benefit fully from the $3.4tn African Continental Free Trade Agreement, the country needs to reduce the local cost of doing...

The Chairman of the House of Representatives Committee on Defence, Babajimi Benson, has said the N2.74tn budgeted for security in the 2023 Appropriation Act is inadequate. He said the entire...