Business

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

Airfare to rise further as Jet A1 hits N1,530/Litre

The United Nigeria Airlines (UNA), one of the nation’s domestic airlines, has decried the rising cost of operation, saying every service provider is a

Nigeria’s foreign investment dropped by 80% in 2023

Foreign investment into Nigeria dropped by 80 per cent to $3.9bn in 2023 from the $5.3bn that was invested in the country in 2022, analysis of a repor

We don’t export cements to Cameroon, trucks wrongfully intercepted – Dangote

The management of Dangote Cement Plc has stated that two of its trucks that were wrongly intercepted in Adamawa State have been released. The company

Forex scarcity shrinks domestic airlines’ fleet by over 50%

The active fleet of domestic airlines has shrunk in recent times leaving many of the airlines gasping for breath, findings by Daily Trust have shown.

Global passenger traffic to reach 9.7bn

The Airports Council International (ACI) World has released the annual World Airport Traffic Forecasts (WATF) 2023­–2052 dataset, showing the top 20 m