Business

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

GenCos reject reduction of Band A tariff in Enugu

The Association of Power Generation Companies (APGC) has rejected the reduction of electricity tariff for Band A customers by the Enugu Electricity Re

1% CISS import levy to replace 4% import charges – Customs

The Nigerian Customs Service (NCS) has announced that it will be replacing the proposed 4 percent import levy with the existing 1 percent Comprehensiv

Tax reforms 10 years ago would’ve pushed Nigeria to $1trn economy – Oyedele

The Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Tayo Oyedele, says if the current tax regime and other reforms being carried out b

Bauchi pays N1.5 billion to reclaim abandoned Steyr facility

The Bauchi State Government has paid N1.5 billion n to take full ownership of the long-abandoned Steyr Nigeria Limited, with the aim of reviving the i

Wema Bank’s ALAT wins Euromoney’s Best Digital Bank Award

ALAT, the digital platform of Wema Bank, has won Nigeria’s Best Digital Bank at the Euromoney Awards 2025. The Euromoney Awards, pioneered by Euromone