Business

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

Nigeria’s GDP grows by 4.03% in Q3 — NBS

Nigeria’s Gross Domestic Product (GDP) grew by 4.03 per cent in the third quarter of the year (Q3 2021), the National Bureau of Statistics announced o

FG owes over N90bn pensions of closed agencies

The federal government owes N90 billion in pension arrears of staff in wound up agencies. This was disclosed by the Executive Secretary Pension Transi

Nigeria joins $7tr global ‘Halal’ market – SON

Nigeria is set to benefit from one of the biggest global markets as it has joined the Standard Meteorology Institute of Islamic Countries, a standard

NPA remits N90bn into federation coffers

The Nigeria Ports Authority (NPA) has remitted N89.9 billion into the federal government’s Consolidated Revenue Fund (CRF). The amount remitted is out

‘Lagos requires $15bn for infrastructure over the next 5yrs’

Given the rising population and limited geographical space, Lagos State will require about $15 billion over the next five years for infrastructure, Go