Business

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

Kano DisCo gets new owners

Future Energies Africa (FEA) has announced its takeover of the Kano Electricity Distribution Company (KEDCO), after instituting a court order to halt

Nigeria’s foreign trade hits N12.74trn in 6 months

Nigeria’s import and export trade as of June 2023 stood at N12.74 trillion, Daily Trust reports. This was contained in the 2024-2026 Medium Term Expen

NPA unveils N890bn port rehabilitation plan

The Nigerian Ports Authority (NPA), on Tuesday, said it is committed to investing about N890 billion ( $1.1 billion) in the rehabilitation of all the

Customs intercepts N1.2bn contraband

The Federal Operations Unit, Zone A, of the Nigeria Customs Service, on Tuesday, said it intercepted over N1.241 billion worth of contraband from smug

Tinubu will shock currency speculators — Presidency

The presidency has disclosed that President Ahmed Bola Tinubu’s administration is working on policies that will strengthen the naira. The Special Advi