Business

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

PenCom pays N326bn retirement benefits in 2021 – Report

The National Pension Commission (PenCom) has paid N326.32 billion as retirement benefits in 2021, says its 2021 annual report. PenCom stated that the

Dangote Cement promo: 3 millionaires emerge in Ibadan

The on-going Dangote Cement ‘Bag of Goodies Season 3’ National Consumer Promo has produced the first set of millionaires in Ibadan, Oyo State. Three c

Customs seizes pangolin scales, arrests 8 foreign suspects

The Nigeria Customs Service in collaboration with Wildlife Justice Commission (WJC) has intercepted 397.5 kilogramme (kg) of pangolin scales and arres

NNPC Ltd earns N147bn from petrol, diesel in 1 month

The Nigerian National Petroleum Company (NNPC) Limited earned N147.36 billion from the sales of products including petrol and diesel in October 2021.

Funding, forex crises ground indigenous vessels

Vessels estimated to be about 500 that are owned and operated by Nigerians are grounded as the owners are unable to access funds for fleet maintenance