Business

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

Manufacturing contributed N946bn as FG earned N5.34tr from VAT, CIT in 2022

Despite the numerous challenges facing the manufacturing sector, it contributed N946 billion, being the highest amount of tax to the federal governmen

Unity Bank appoints chairman, 2 non EDs

Unity Bank Plc has announced the appointments of an acting Chairman of its board, Hafiz Mohammed Bashir and two non-executive directors. The two non-e

With new Business Act: Coys share capital to rise, CBN may cancel idle forex licence, others

President Muhammadu Buhari in February 2023 signed the Business Facilitation Bill into law. The law is targeted at improving Nigeria’s business enviro

Marginal oil fields: 16 firms get dev’t plans, 10 others record progress

At least 16 of the 47 companies that won the marginal oilfield bid last year have submitted their field development plans, according to the Nigerian U

REA deploys 1,300 solar-powered pumps for farmers

The Rural Electrification Agency (REA) has deployed 1,300 solar-powered water pumps to farmers in rural communities to improve irrigation systems thro