Nigeria launches Advance Ruling System to decongest ports
The Nigeria Customs Service (NCS) has launched the Advance Ruling System to provide information on requirements to import products into the country. T
Business
All the recent business news in Nigeria, economy and industry updates.
Nestle grows sales by 43%, earns N183.5bn in Q1
Nestlé Nigeria PLC’s sales grew by 43.4% in Q1 2024, with earnings of N183.5 billion, an increase of N55.5 billion over Jan-March 2023 quarter. In its
NDIC raises insurance coverage for banks to N5m
The Nigeria Deposit Insurance Corporation (NDIC) has raised deposit insurance coverage for all licensed deposit-taking financial institutions in the c
Nigeria exported N20bn Shea products in 2023 — NEPC
The Nigerian Export Promotion Council (NEPC) has disclosed that Nigeria exported over 17,000 metric tons of Shea products worth N20 billion ($14.5 mil
FG adds 625 megawatts to national grid
The federal government has announced additional 625 megawatts to the national grid, increasing the grid’s wheeling capacity to 4800 megawatts. This di