Business

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

Nigerians’ data at risk as NDPC probes 1,369 firms over breach

A bustling digital economy being built since 2020 is at risk as incidents of breaches on data privacy of Nigerians by some financial institutions, onl

UK-Africa trade ties hit £52bn in 2025

The bi-lateral trade between the United Kingdom (UK) and Africa reached £52 billion in 2025, reflecting the progress of trade between them despite con

FCMB backs initiative to support 500,000 agribusinesses

The First City Monument Bank (FCMB) has thrown its weight behind a major initiative aimed at supporting 500,000 youth-led agribusinesses across Nigeri

Senate approves new sugar tax regime

The Senate has approved a major overhaul of Nigeria’s sugar-sweetened beverage tax regime, replacing the existing flat-rate excise duty with a price-b

Tricycle operators in 3 states spend N2.5m on fuel annually — Report

Tricycle operators in Kano, Kaduna and Jigawa states spend an average N2.5m to N3m annually on fuel, according to findings of a study on electric mobi