Business

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

Union Bank rewards outstanding employees

Union Bank of Nigeria has rewarded outstanding staff whose dedication, innovation, and customer centricity embody the institution’s core values. The c

Banks to face 3% penalty for delayed Customs Duty Remittances

In a bid to ensure timely remittance of customs duties, the Nigeria Customs Service (NCS) has introduced a 3% penalty on banks that fail to remit cust

2.06M 2026 oil production target achievable – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has expressed confidence that its 2.06 million barrels per day (bpd) crude oil production targ

Iru boosts investors’ confidence with business network

Lagos host community of major corporate organisations and foreign embassies, the Iru Kingdom has established a business network to boost investors’ co

Recapitalisation: Banks to raise N4.14 trn before March 2026

Nigeria’s banking sector is undergoing one of its most far-reaching reforms in decades as deposit money banks race to raise an estimated N4.14 trillio