Business

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

2024 budget: Trade ministry to spend N1bn on roadshows, furniture

The Ministry of Industry, Trade and Investment is set to spend N1 billion on roadshows, rebranding, furniture and investment promotion, findings by Da

EFCC raid on Dangote sheer brigandage – MAN

The Manufacturers Association of Nigeria (MAN) has received the news of the invasion of Dangote Industries Limited (DIL) by dozens of Economic and Fin

FG to sell Kaduna Electric over N110bn debt

The Nigerian Electricity Regulatory Commission (NERC) has put up for sale the sixth largest power distribution utility over a N110billin ($130 million

TCN to disconnect Ajaokuta Steel, Aba Electric over N44bn debt

The Transmission Company of Nigeria (TCN) has threatened to disconnect Ajaokuta Steel Company Limited (ASCL) and APL Electric Limited-Aba (APLE) due t

Naira-backed Stablecoin set for launch in February

A consortium of Nigerian financial institutions, fintechs and blockchain experts, the Africa Stablecoin Consortium (ASC), is set to launch a compliant