Business

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

‘All-New Ford territory set to debut in Nigeria’

Coscharis Motors Plc, a subsidiary of Coscharis Group and the exclusive distributor of the Ford brand in Nigeria, has said the All-New Ford Territory

Inflation rises for 5th consecutive time, climbs to 22.41%

Nigeria’s inflation rate rose to 22.41%, according to the recently released Consumer Price Index (CPI) report of the National Bureau of Statistics (NB

CBN finally devalues naira

14 days after Daily Trust reported that the naira has been devalued but the story was denied by the Central Bank of Nigeria (CBN), the apex bank on We

Forex scarcity bites harder on airlines as operators mull flight suspension

The biting scarcity of dollars may force some airlines to shut down operation any time from now, Daily Trust can report. Though the scarcity has alway

Revenue from rail drops by 60% as passenger traffic plunges to .5m in Q1

The federal government has seen revenue from rail service dropped to N768.4m in quarter one 2023, lower by 63.02 per cent relative to N2.08bn received