Business News

Kimberly Clark, the manufacturer of Huggies diapers and other hygiene products, is set to shut down its production facility in Ikorodu, Lagos, just two years after investing $100 million to...

The Tomato Growers Association of Nigeria has attributed the current increase in fruit costs on 'Tuta absoluta,' or Sharon pest infestations on local farms throughout the country. Mr Rabiu Zuntu,...

The Federal Government has disbursed a total sum of N20.11bn to 402,283 beneficiaries of the N50,000 Presidential Conditional Grant Scheme. The beneficiaries selected from the 774 local government areas received...

According to forecasts, Nigeria's e-commerce sector would reach $14.92 billion in 2029 at a compound annual growth rate (CAGR) of 11.82%. A growing number of young people, smartphone use, and...

President Bola Tinubu has approved the extension of free train rides on the Abuja Rail Mass Transit, also called the Metro Rail, for the next six months until the end...

Amid complaints of low power generation, the electricity distribution companies were able to raise monthly revenue from N95bn in January to N100bn in March 2024. According to data released by...

Traders in major food markets in the country have blamed insecurity and fuel subsidy removal for the rising food prices in the country, according to a survey conducted by the...

Nigeria exported crude oil and gas valued at over $3.8bn to Indonesia in 2023, the Indonesian Ambassador to Nigeria, Dr Usra Harahap, has said. Harahap disclosed this on Wednesday in...

BlackRock's spot Bitcoin Exchange Traded Fund (ETF), known as the iShares Bitcoin Trust (IBIT), has ascended to the position of the world's largest Bitcoin ETF, surpassing Grayscale's Bitcoin Trust (GBTC)....

The United States government has announced an additional $176 million in humanitarian aid for Nigeria and other West African countries. This was disclosed in a press release by the United...