Business

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

Unsold goods hit N1.24trn in first half of 2024 – MAN

The value of unsold finished goods inventory has surged by 42.93 percentage points in the first half of 2024, reaching 1.24 trillion against 869.37 bi

We invested over $25bn in oil, cement, sugar in 7 years – Dangote

Africa’s richest man, Aliko Dangote, has disclosed that his business conglomerates have invested over $25 billion in sectors such as oil and gas, ceme

We’ve liquidated depositors of 20 failed banks – NDIC

The Nigeria Deposit Insurance Corporation (NDIC) says as part of fulfilling its mandate to ensure safety of bank deposits, it has successfully liquida

BUA Foods posts N729.4bn revenue, approves N5.50k dividend

Shareholders of BUA Foods Plc have approved the proposed final dividend payment of N5.50k per share. The indigenous food manufacturing firm also poste

Wema bank announces 135m promo cash prize for customers

Wema bank has announced the Bank’s 5 for 5 Promo with a record-breaking N135 million cash prize up for grasp by customers. In a statement, the Bank sa