Business News

About 107 companies including Dangote and Mikano International are currently enjoying tax exemption from the Federal Government despite its insistence to discontinue the programme and drastic steps to improve its...

Throughout March 2024, the Nigerian naira experienced a notable appreciation against the US dollar, marking a gain of over N350. This substantial improvement was attributed to various foreign exchange policies,...

Afreximbank, in collaboration with Sterling Bank, has launched an innovative supply chain finance product called Payables Finance in Nigeria. Branded as Afreximbank Tradelink, this product falls under Afreximbank's digital offerings...

The federal government has revealed that in December 2023, the United Kingdom exported £185 million worth of goods to Nigeria while importing £154 million, resulting in a negative trade balance...

Nigeria faces a paradoxical situation where gas, intended to mitigate power shortages, is instead being wasted through flaring, leaving numerous households without electricity. BusinessDay reports that Nigeria squandered natural gas...

The Central Bank of Nigeria (CBN) has announced a significant inflow of over $1.5 billion into the country's economy recently, signaling a positive impact of its monetary policy measures. According...

Nigeria now produces crude oil from over 246 fields across the country and operates 188 production stations/platforms, the Federal Government has stated. Data obtained in Abuja on Friday from the...

As TotalEnergies clocked 100 years, the company has promised to continue to adjust and adapt to be part of the story of energy for another 100 years. On March 28,...

The Minister of Power, Adebayo Adelabu, has disclosed that the Federal Government would start paying part of the debts it owes power generating companies and gas suppliers from April. Adelabu...

Plans are underway to position Nigeria as a major player in the vehicle manufacturing industry, according to the Minister of Industry, Trade and Investment, Doris Uzoka-Anite. The minister stated this...