Business

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

Transcorp Hotels to pay N717m dividends after N16.2bn profit

Transcorp Hotels Plc Wednesday said it would pay N717 million to shareholders as its audited financial statements for 2021 showed it recorded N16.23 b

US firm opens N41.6bn manufacturing plant in Lagos

An American company, Kimberly-Clark, has expanded operations in Nigeria with the opening of a $100 million (about N41.6 billion) manufacturing plant i

Gridlock: Reps want rail line in Lekki Free Trade Zone

The House of Representatives on Wednesday urged the federal government to construct rail tracks in Lekki Free Trade Zone to link Dangote Refineries an

Operators behind airfare hike, FCCPC insists

The Federal Competition and Consumer Protection Commission (FCCPC) has said preliminary investigation indicated that airline operators under the aegis

Trade facilitation to drive economic growth – NIMASA

The Nigerian Maritime Administration and Safety Agency (NIMASA) has said the agency is focusing on trade facilitation to ultimately drive economic gro