Business

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

Prices of food, others drive inflation to 17-year high

Nigeria’s headline inflation has increased to 19.64 per cent in July, bringing the country’s inflation figure to the highest recorded since 2005, the

18 Terminal Operators owing FG N490bn — NPA

The Nigeria Port Authority has revealed that 18 Terminal Operators at various ports in the country owe the federal government $753 million and N1.61 b

Again, cargo evacuation fails to commence on Lagos-Ibadan Train Service

Despite promising to commence evacuation of cargoes on the Lagos-Ibadan Train Service by the end of July, the plan is yet to materialise as the impedi

Nigeria’s tax to GDP at 6% not sustainable – Experts

Experts in the tax sector have reiterated that Nigeria’s current tax to Gross Domestic Product (GDP) which stands at 6 per cent will no longer be sust

Saudi Aramco records $48.4bn profit in Q2, declares $87.9bn in 6 months

Aramco, the national oil company of Saudi Arabia, has announced a 90 per cent rise in its net income to $48.4 billion for the second quarter of this y