Business

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

Inflation erodes minimum wage by 41% in 3yrs – Report

Nigeria’s spiraling inflation rate has eroded the N30,000 monthly minimum wage by more than 40 percent since 2019, a new report by Afrinvest (West Afr

Pest attack: Kano tomato farmers lose over N1.5bn

Over N1.5 billion worth of tomato plantations is said to have been destroyed by the recent attack of tuta absoluta, a tomato pesto that is described a

NNPC denies missing N20bn claims

The NNPC Ltd has dismissed a report claiming it has paid N20 billion to ghost consultants and the theft of multi-billion naira tax funds due to the Og

Sesame, ginger, hibiscus top N70.2bn agric export from Apapa

Sesame seeds, ginger and hibiscus are top on the export list processed from the nation’s premier seaport, the Apapa Port, valued at about N70.2 billio

Business activities suffer as cash crisis sinks PMI to 42.3

The cash crisis in Nigeria continued to have a severe impact on business conditions in the private sector during March as the headline Purchasing Mana