Business

All the recent business news in Nigeria, economy and industry updates.

World Bank approves fresh N2.4tr loan for Nigeria

The World Bank has announced the approval of $1.57 billion ( N2.4 trillion at N1601 to a dollar) to boost human capital in Nigeria through better heal

Credit to government surges by N11tr in one month

Credit to the government surged by over N11 trillion in the month of August 2024, as high interest rates make government securities more attractive to

UBA earnings hit N1.7trn, declares N2 interim dividend

The United Bank for Africa (UBA) Plc has announced an interim dividend of N2 per share for the first half of 2024 (H1 2024), as the bank’s gross earni

Unsold goods hit N1.24trn in first half of 2024 – MAN

The value of unsold finished goods inventory has surged by 42.93 percentage points in the first half of 2024, reaching 1.24 trillion against 869.37 bi

We invested over $25bn in oil, cement, sugar in 7 years – Dangote

Africa’s richest man, Aliko Dangote, has disclosed that his business conglomerates have invested over $25 billion in sectors such as oil and gas, ceme