Business

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

World Bank, partners plan $500m to bridge agric data gap in Nigeria, others

A global multi-institutional collaboration has concluded plans to deploy a US$500 million fund for engendering smartness in agricultural development a

Banks borrowing drops by N23.99trn in March

Nigerian banks’ lending, in the month of March, to the private and public sectors dropped by N23.99 trillion, data from the Central Bank of Nigeria (C

CBN directs banks to deduct from customers’ e-transfers to fund cybersecurity centre

The Central Bank of Nigeria (CBN) has directed banks in the country to implement a 0.5 percent cybersecurity levy on electronic transfers. In a circul

Oil production: Helicopter operators threaten shutdown over $300 new levy

Nigeria may experience another major disruption in oil production if helicopter operators providing services to oil rigs across the country go ahead w

Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

Fidelity Bank Plc, has posted a 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1 2024. In a statement, it said