Business

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

Ondo, Ogun clash over ownership of oil-rich Eba Island

Ownership of the oil-rich Eba Island has torn the neighbouring Ogun and Ondo State governments apart, Daily Trust reports. The controversy followed th

PTML Customs’ January revenue hits N44.06bn

The Port and Terminal Multipurpose Limited (PTML) Command of the Nigeria Customs Service has generated a total revenue of N44.06 billion in January. T

Exchange rate strengthens at N1,385/$, equity investors gain N232.35bn

The naira extended its recent gains at the official market on Thursday, strengthening to N1,385 per dollar, its strongest level since May 2024, accord

BUA Foods’ profit hits N507.73bn in FY2025 results

BUA Foods PLC has released its unaudited financial results for the year ended 31 December 2025, with the Profit after tax grew by 91% to N507.73 billi

Electricity tariff hike forcing industries to be innovative – MAN

The Chairman of Manufacturers Association of Nigeria (MAN) Kano-Jigawa chapter Alhaji Muhammad Bello Umar has said increase in electricity tariff has