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Business News; Tracks, records, analyzes, and interprets the businesseconomic and financial activities, and changes that take place in societies.

FG, CBN propose pre-shipment of inspection certificates

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The Federal Government, Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NSC) have hinted on a proposal to introduce pre-shipment inspection and issuance...

USAID to invest $60m to boost agribusiness in Nigeria

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The United States Agency for International Development, (USAID) has disclosed plans to invest $60 million to boost agriculture in Nigeria and across West Africa. Speaking at...

BREAKING! Inflation rises to 12.13%

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Nigeria’s annual inflation accelerated to 12.13% in January from 11.98% in December, the National Bureau of Statistics said on Tuesday. A separate food price index...

BREAKING: Abia Hits 1bn Naira In Monthly IGR As Ikpeazu Says Payment Of Workers Not A Problem

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Abia State has met her target of hitting the N1bn mark in her internally generated revenue drive for the month of January 2020 thereby...

BREAKING: Nigeria Now Tops South Africa As The Continent’s Biggest Economy

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As if a recession wasn’t enough bad news for South Africa, it’s now confirmed as the continent’s second-largest economy. The answer to the question of...

How Buhari Intends To Spend $22.7m Foreign Loan

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Here is how the Buhari administration plans to spend the loan and where the projects are located as contained in the document: INFRASTRUCTURE – Emergency road...

Dangote Loses N240b In 5 Hours To Coronavirus

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Africa’s richest man Aliko Dangote on Wednesday lost more than N240 billion in five hours as the effect of the coronavirus bit harder on...

COVID-19: Economic council meets Buhari, warns of recession

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The Presidential Advisory Council on Tuesday warned about dire economic consequences for Nigeria if the raging coronavirus infection was not contained as quickly as...

[BREAKING] COVID-19: FG Reduces 2020 Budget

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The Federal Government has sent a new budget proposal to the National Assembly for consideration in view of global economic realities as a result...

Nigerians Will Pay Higher Electricity Tariffs – FG Assures IMF

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Nigerians will pay much higher electricity tariff in 2021, going by promises made by the Federal Government, FG to the International Monetary Fund, IMF...

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