Business

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

Nigeria loses N1.3trn on waivers, concessions — Customs

The Nigeria Customs Service (NCS) on Wednesday said the federal government lost N1.3tr revenue in 2023 due to waivers and concessions granted to inves

Inflation hits 27.3% as costs of beverages, food, others rise

Nigeria’s headline inflation rate for October 2023 has increased to 27.33 percent, the National Bureau of Statistics (NBS) has disclosed. Daily Trust

Edo economy worth $25.8bn – Ighodalo

The Chairman of Sterling Bank Plc, Dr. Asue Ighodalo, has stated that the economic reform by the Edo state government has made the state’s economy to

‘Nigeria’s post-harvest loss rises to N3.5trn annually’

The ActionAid Nigeria (AAN), Small-Scale Women Farmers Organisation in Nigeria (SWOFON) and the CAADP Non-State Actors Group (CNG) have urged the fede

Ajaokuta needs 2m tons of iron ore annually — DG

The Director General of the National Steel Raw Materials Exploration Agency (NSRMEA), Kolawole Ogunbiyi has said that the Ajaokuta Steel Company Limit