Business

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

Nigeria exported N20bn Shea products in 2023 — NEPC

The Nigerian Export Promotion Council (NEPC) has disclosed that Nigeria exported over 17,000 metric tons of Shea products worth N20 billion ($14.5 mil

FG adds 625 megawatts to national grid

The federal government has announced additional 625 megawatts to the national grid, increasing the grid’s wheeling capacity to 4800 megawatts. This di

Lagos GDP hits N41trn in 4 years, rakes in N433bn IGR

The Gross Domestic Product (GDP) of Lagos State has moved from N27 trillion to N41 trillion in the last four years, Commissioner for Economic Planning

‘Why N28.8bn NCAT 737 simulator remains dormant after 4 years’

Information emerged yesterday as to why the Boeing 737-NG full flight simulator acquired in 2020 by the federal government for the Nigerian College of

Consecutive aggressive interest rate squeeze will further depress economy — CBN deputy gov

The Central Bank of Nigeria (CBN) Deputy Governor, Financial System Stability Directorate, Philip Ikeazor, has said given the poor contribution to gro