Business

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

Ethiopian Airlines rues naira devaluation, inaugurates $55m e-commerce facility

The Group Chief Executive Officer of Ethiopian Airlines, Mesfin Tasew, has said the devaluation of naira has affected the airline’s cash flow manageme

NiMet predicts 3-day haziness, thunderstorms

The Nigerian Meteorological Agency (NiMet) has predicted hazy and thundery weather conditions from Sunday to Tuesday across the country. NiMet’s weath

BUA Cement grows revenue to N460bn in 2023

The full year 2023 audited financial statements and accounts of BUA Cement have shown a revenue growth of 27.4 per cent to N460bn (US$282m) compared t

Customs opens 90-day window for vehicle import duty regularisation

The Nigeria Customs Service (NCS) has announced the introduction of a 90-day window to facilitate the regularisation of import duties on specific vehi

Flight ticket prices rose by 20% in one year – NBS

The National Bureau of Statistics (NBS) has stated that the average price of a one-way flight ticket rose by 20 per cent in one year. The NBS, in its