Business

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

NOSDRA partners EU on oil spill response

The National Oil Spill Detection and Response Agency (NOSDRA) and the European Union (EU) Delegation to Nigeria and ECOWAS, have agreed to seek greate

Nigeria lags behind in competitive industries index at 98th position

The Nigerian Economic Summit Group (NESG) has revealed that Nigeria still lags behind in global ranking for competitive industries performance adding

Rewane leads discourse on aviation financing at LAAC conference

Foremost economist and Chief Executive Officer of Financial Derivatives Company, Mr. Bismark Rewane would today lead discussion on “Aviation Financing

Cargo clearance cost to rise as Customs begins 4% levy collection

The Nigeria Customs Service has officially started collecting the 4% Free On Board (FOB) levy on imports as of Monday, August 4, 2025. This new levy r

Portfolio investment pushed capital import to $5.64bn in Q1

Nigeria recorded a total capital importation of $5.642bn in the first quarter of 2025, the National Bureau of Statistics report has revealed. The repo