Business

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

Bank directors disagree with Otedola, Elumelu on FX windfall tax

The Bank Directors Association of Nigeria (BDAN) has disagreed with the views expressed by the Chairman of First Bank Nigeria (FBN) Holdings, Mr Femi

Nigerian banks rally N21trn deposits in 3 months

In what appears as growing confidence in the banking sector, Nigerian banks increased deposits by N21 trillion in the first quarter of 2023. The new d

BUA Foods posts N672.3bn in 2024 first half

BUA Foods Plc has recorded N672.39 billion in revenue in the first half of the financial year, which ended June 30, 2024. This was contained in the co

Protest, result of years of under-investment — Bagudu

The Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu has said the current protest is as a result of years of underinvestment in

AfDB okays N750bn loan for Nigeria’s energy transition programme

The African Development Bank (AfDB) Group has approved a loan of N750 billion ($500) million to Nigeria to support the first phase of the economic gov