Business

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

Autochek, AutoFast to boost vehicle maintenance

Automotive technology company, Autochek, has partnered with AutoFast, a quick service franchise of the CFAO Group, to provide its customers with vehic

How 11 firms piled N542bn electricity debt in 12 months

Electricity Distribution Companies (DisCos) could not pay N542.73 billion from the invoice of N816.16bn handed to them in 2020, a report has said. Acc

As local rice capacity surges past 7m tons, quality processing on radar

Nigeria has grown in the production of rice from a paltry 3 million tons in 2014 to 7.5m tons this year according to figures from the Central Bank of

SON deepens fight against substandard products

The Standards Organisation of Nigeria (SON) has vowed to ensure that substandard products are eliminated from markets in the country in order to have

CBN halts cheap money, raises interest rate on intervention funds

The days of cheap – almost free money- flowing into certain sectors of the Nigerian economy via the interventions of the Central Bank of Nigeria