Business

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

KEDCO to invest N1.2BN in network expansion

Kano Electricity Distribution Company (KEDCO) said it has concluded plans to invest N1.2billion Naira in network expansion and improvement in power su

NSIA invests over N571.5bn on domestic infrastructure

Managing Director of the Nigeria Sovereign Investment Authority (NSIA) Aminu Umar Sadiq stated that over $500 (N571.5bn) million was invested directly

N7trn accrued to federation account in 6 months — RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has revealed that the total sum of  N7.3 trillion accrued into the Federation Accoun

‘Banks lost N10bn to cyber fraud in 2023’

Stakeholders in the banking and financial ecosystem, yesterday, decried the surge in cyber fraud as Deposit Money Banks (DMBs) lost N10 billion in the

Equities market suffers N35bn loss

The NGX All-Share Index yesterday dropped below the 100,000 mark for the second time this week, ending at 99,845.91 points. Daily Trust reports that t