Business

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

Nigerian companies raise N1.5 trillion from commercial papers in 2023

In a bid to avoid the high-interest environment which has seen banks lending at 30 percent per annum, 56 Nigerian companies raised N1.504 trillion thr

Auto industry in 2023: How far, so far?

The year 2023 has come and gone but for the auto industry in Nigeria, it is still a mixed bag of successes, accomplishments and dashed expectations. F

FG, China to build steel plant, military hardware in Ajaokuta – Minister

The Nigerian government has commenced discussions with renowned Chinese Company, Luan Steel Holding Group to build a new Steel Plant in Nigeria and co

Why we’ve not utilised 15% of production capacity – Erisco

The President/Chief Executive Officer of Erisco Foods Limited, Chief Eric Umeofia, has said the company has not utilised 15% of its plant’s installed

Tinubu tasked to create business friendly environment

A petrochemical engineer and retired Deputy Director of the defunct Department of Petroleum Resources, (DPR), Engineer Sunday Adebayo Babalola, yester