Business News

The African Development Bank has signed a $75m loan agreement with Nigeria’s Indorama Eleme Fertiliser and Chemicals Limited. The bank announced this in a statement issued on its website on...

The Manufacturers Association of Nigeria has said that its members have lost at least N1.5tn in the last six months to forex-related transactions. The Director-General of MAN, Segun Ajayi-Kadir, made...

Imports of raw materials into the country rose by 25 per cent to N3tn in 2023. This is according to the Foreign Trade Statistics data published by the National Bureau...

Transnational Corporation Plc grew its profit before tax by 93.5 per cent to N58.8bn in 2023 from N30.4bn in the same period in the previous year. The firm’s financial results...

The Nigeria Customs Service, on Wednesday, announced a 122.35 per cent increase in its first quarter 2024 revenue when compared to the same period in 2023, stating that it raked...

The naira, on Wednesday continued its gain against the United States dollars, appreciating both at the official foreign exchange and parallel markets, to the delight of many Nigerians. At the...

Nigeria's prominent billionaire investors and business tycoons, Aliko Dangote and Abdulsamad Rabiu, saw significant growth in their respective companies. They collectively achieved nearly N10 trillion in capital gains by the...

The exchange rate utilized for customs import duties and cargo clearance payments currently exceeds Nigeria's foreign exchange market's official Naira to USD rate. According to data from the customs exchange...

In the first quarter of 2024, the Nigeria Customs Service (NCS) witnessed a decline in the volume of Single Goods Declarations (SGDs) for imports, marking a notable shift from previous...

Stakeholders have urged the Federal Government to implement policies that will tame the accelerating inflation in the country. In separate interviews with The PUNCH, the stakeholders said that concerted efforts from...