Business

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

Despite owing N362.3m electricity bill, FIRS seals AEDC’s HQ

The Federal Inland Revenue Service (FIRS) yesterday sealed the headquarters of the Abuja Electricity Distribution Company (AEDC). The closure which oc

Nigeria must not become a food import-dependent nation – Adesina

The President of the African Development Bank Group Dr Akinwumi Adesina has warned that Nigeria must not turn into a food import-dependent nation. He

Jaiz Bank targets N70bn capital base by end 2024

The Chairman of the Board of Directors, Jaiz Bank, Mustapha Bintube, Sunday stated that before the end of this year, the Islamic and non-interest fina

Inflation surges to 34.19 per cent in June

The headline inflation rate increased to 34.19% in the month of June, a report by the National Bureau of Statistics has shown. The report added that f

Assemblers seek law on compulsory patronage of made-in-Nigeria vehicles

Auto assemblers and stakeholders in the automotive industry have called on the federal government to incorporate a provision compelling Ministries, De