Business

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

FEC okays concession of Badagry Seaport at N1trn

The Federal Executive Council (FEC) has approved a concession arrangement for Badagry Deep Seaport at a cost of $2.59 billion (about N1.079 trillion a

MTN launches home broadband services

MTN Nigeria Communications PLC on Wednesday announced its launch of home broadband services to accelerate broadband penetration in alignment with the

NIMASA adds $2,000 to cadets’ stipends over inflation

The Nigerian Maritime Administration and Safety Agency (NIMASA) has approved the addition of $2,000 to the stipend of each of the foreign-trained cade

NAHCO posts N10bn turnover as shareholders get N665m dividend 

The Nigerian Aviation Handling Company Plc (NAHCO Plc) has recorded a turnover of N10.2 billion, representing a 44% improvement over the 2020 financia

FCMB records profit growth of N15.4bn

FCMB Group Plc has reported better-than-impressive earnings, revenue, deposits, loans and Assets Under Management, recording a profit before tax of N1