Business

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

CBN suspends extension export proceeds repatriation

The Central Bank of Nigeria (CBN) has announced the immediate suspension of approvals for the extension of export proceeds repatriation on behalf of e

NBS to unveil rebased GDP data end of January

The National Bureau of Statistics (NBS) has chosen 2019 as the base year for the rebasing of Nigeria’s Gross Domestic Product (GDP). The decision to s

African airlines record 12.4% growth in passengers – IATA

The International Air Transport Association (IATA) released data for November 2024 global passenger demand showing revenue passenger kilometers (RPK),

Yuletide: Tourism, entertainment sectors generates N111.5bn in Lagos

About N111.5bn was generated by tourism and entertainment industries in Lagos State alone in December, 2024, a tax and revenue consultant engaged by t

Digital platforms to shape payments in 2025 – Report

Leading e-commerce platform, Jumia has stated that digital platforms will shape payments in 2025 and beyond. The e-commerce platform made the disclosu