Business

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

Great Nigeria Insurance begins N15.6BN rights issues

Great Nigerian Insurance Plc has begun the rights issue of 6,000,000,000 ordinary shares of 50 Kobo each at N2.60 per share. The firm commenced the ri

Geely Galaxy, TIM Motors partner to deliver EVs for Nigeria

Geely Galaxy, the premium new-energy vehicle brand under Geely Auto Group has announced a strategic partnership with TIM Motors to deliver electric ve

What CBN’s overnight financing rates means for banks, small businesses

The Central Bank of Nigeria (CBN) on Monday in Abuja officially launched the Nigerian Overnight Financing Rate, a new transaction-based benchmark inte

MTN says N32bn invested in projects across Nigeria

The MTN Foundation has disclosed that it has committed more than N32 billion to social intervention programmes across Nigeria. It said over 32 million

Apapa Customs seizes contraband, expired drugs worth N12.8bn

The Nigeria Customs Service (NCS), Apapa Area Command, has intercepted 1.81 tonnes of Cannabis Sativa and two containers of expired pharmaceutical pro