Business

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

‘Sovereign Authority grew assets to N1.02trn in 2022 despite volatility’

The Nigeria Sovereign Investment Authority (NSIA) has said it grew Nigeria’s assets under its custody by 10.5 per cent to reach N1.02 trillion despite

FG spent N13trn on subsidies in 16 years, thieves stole N16trn oil – NEITI

Nigeria has spent over N13 trillion or $74 billion on fuel subsidies in 16 years, which is between 2005 and 2021. The Executive Secretary, Nigeria Ext

Nigeria’s cashew export hits N116bn in 2022 – NEPC

The Nigerian Export Promotion Council (NEPC) has disclosed that Nigeria exported cashew nuts worth N116bn ($252m) in 2022. Executive Director of the N

CBN debunks fake recruitment portal

The Central Bank of Nigeria (CBN) has dismissed a portal allegedly inviting Nigerians to apply for employment in the bank. The CBN dismissed the porta

Despite inflation, we recorded N382.3bn profit from cement – Dangote

Chairman of Dangote Cement Plc, Aliko Dangote has pointed out that despite the challenging macroeconomic environment in 2022, the company still made g