Business

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

$580bn lost annually to corruption, illicit outflows in Africa – AfDB

The African Development Bank (AfDB) has disclosed that the continent is losing more than $580 billion annually to corruption and illicit capital outfl

Despite 50% hike, Nigeria’s telecoms tariffs still cheap – NCC

The Nigerian Communications Commission (NCC) has explained that competition has made the country’s telecommunications service tariffs remain relativel

Centenary City signs N750bn infrastructure MoU with Julius Berger

The Abuja Centenary City Management has signed an agreement with Julius Berger Nigeria Plc for the provision of infrastructure for the Phase 1 Centena

FG, Jumia seal deal on e-commerce, digital inclusion

The Federal Government has sealed a deal with Jumia Nigeria to strengthen Nigeria’s e-commerce ecosystem, boosting rural access to online marketplaces

Experts seek accountability as RMAFC moves to raise states’ allocations

Economic and development experts have called for more accountability at the subnational levels as the Revenue Mobilisation Allocation and Fiscal Commi