Business

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

FG to harness non-oil export as trade balance hits N6.5trn in Q2 2024

Nigeria’s Vice President, Kashim Shettima has stated that the federal government will harness all non-oil export potentials as part of efforts to boos

Tinubu’s tax bills will stimulate economy – Reps deputy spokesman

The deputy spokesman of the House of Representatives, Philip Agbese, on Tuesday said he was in support of President Bola Ahmed Tinubu’s tax reform bil

16 manufacturing firms lost N792bn to naira depreciation – MAN

The chairman of the Ogun State Manufacturers Association of Nigeria (MAN), George Onafowokan, has lamented the crisis in Nigeria’s manufacturing secto

Power outage: Manufacturers spend N238.3bn on alternative energy

Nigeria’s manufacturing sector’s output has increased by 30.38 per cent year-on-year, reaching N5.34 trillion in H1 2024, the Manufacturers Associatio

Shafa Energy to start production of lubricant oil

Leading energy solutions provider, Shafa Energy, has announced plans to launch two cutting-edge lubricant brands: Shafa Shanu (HD40 CF/SF) and Shafa D