Business

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

MTN posts N392.6bn loss induced by high interest rate, naira crisis

Nigeria’s biggest telecoms provider, MTN, has posted a net negative position of -N392.6 billion after tax between January and March, indicating 462.2

Nigeria’s VAT collection efficiency lowest in Africa — Abbas

The Speaker of the House of Representatives Rt. Hon. Abbas Tajudeen, Ph.D, has decried that Nigeria’s efficiency in collecting Value Added Tax (VAT) “

Jaiz Bank, ICD sign $20m agreement to boost capital operation

Nigeria’s first non-interest Bank, Jaiz Bank has signed a $20 million Memorandum of Understanding (MoU) with the Islamic Corporation for the Developme

NERC to stop fixing price of meters

The Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of meter prices under the MetER Assets Provider (MAP) scheme, the

IsDB celebrates 50 years of development impact

The Chairman of the Islamic Development Bank Group (IsDB), Muhammad Al Jasser    has restated the multilateral lender’s commitment to promoting develo