Business

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

Planned removal of Nigeria from MSCI index bad for country’s stock market – Analysts

The ongoing consultations by the MSCI Frontiers Markets Index that could potentially result in Nigeria being removed from the index Frontier Market In

N410.6bn spent on importation of raw sugar in 12 months

Raw sugar to the tune of N410.6 billion was imported to Nigeria in one calendar cycle from the second quarter of 2021 to the first quarter of 2022, re

Demand for freight service on Lagos-Ibadan rail rises

Ahead of the completion of the Apapa track of the Lagos-Ibadan standard gauge, scores of importers, exporters, as well as many businesses, have indica

MTN alleges N22bn fraud on mobile money banking

MTN Communications Limited’s newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB) has alleged a fraudulent loss of N22 billion in one m

Dufil Prima Foods Plc merge with 3 former subsidiaries

Dufil Prima Foods Plc, makers of Indomie Instant Noodles’ has announced the completion of a merger with three of its former subsidiaries, De United Fo