Business Archives

business

Former Nigeria Airways employees receiving pension benefits.

Business News

Federal Government Disburses ₦4.25 Billion to 600 Nigeria Airways Workers

The Nigerian government has paid ₦4.25 billion to 600 former employees of Nigeria Airways as part of their pension and severance benefits.

Nigerian currency notes and US dollar bills

Business News

Naira Falls Against Dollar at Official Exchange Rate

The Nigerian naira weakened against the US dollar at the Central Bank’s official market on October 19, 2026.

Graph showing UK unemployment rate decline

Business News

UK Unemployment Rate Drops Unexpectedly to 4.7% Ahead of Budget Update

Britain’s unemployment rate has decreased to 4.7%, surprising analysts and benefiting the Labour government.

Business News

World Bank Launches Plan to Improve Digital Access in Developing Nations

The World Bank reveals a strategy to enhance digital connectivity and affordability in developing countries.

Colombo Port, Sri Lanka, where the logistics hub project was planned.

Business News

China Withdraws from $392 Million Sri Lanka Port Project Amid Economic Concerns

A Chinese firm has pulled out of a significant logistics hub project at Colombo Port, with Sri Lanka seeking new investors.

Governor Biodun Oyebanji speaking at the digital postcode workshop in Ekiti State.

Business News

Ekiti State’s Digital Postcode Initiative Aims to Boost Economic Growth

Governor Biodun Oyebanji emphasizes the importance of a new digital postcode system for Ekiti’s development.

Elon Musk speaking about SpaceX shares for children

Business News

Elon Musk Plans to Give SpaceX Shares to Every Child in America

Musk announces initiative to distribute SpaceX shares to U.S. children next year.

Afreximbank African Trade Centre in Abuja

Business News

Nigerian Securities Commission Moves Key Conference to New Venue Ahead of Master Plan Launch

The Securities and Exchange Commission has shifted its conference venue as it prepares to launch a 10-year development plan for the capital market.

Nigeria's Director-General of Standards Organisation signing an international agreement

Business News

Nigeria Signs Global Measurement Agreement to Boost Trade and Standards

Nigeria has joined an international pact to enhance its measurement standards and trade capabilities.

Business News

Nigeria Aims for $7.1 Billion Investment in Sugar Industry Over 10 Years

The Federal Government plans to boost sugar production and create 110,000 jobs through significant investments.

Business News

Nigeria’s Manufacturing Activity Drops 10% Amid Cement Sector Decline

The manufacturing index in Nigeria fell significantly in September 2026, largely due to issues in the cement sector.

Manufacturers in Nigeria seek tax incentives for renewable energy investments.

Business News

Manufacturers Request 30% Tax Credit to Lower Energy Costs in Nigeria

Nigerian manufacturers urge the government to offer tax incentives for renewable energy investments amid rising energy expenses.

Governor Dapo Abiodun at the groundbreaking ceremony for the new industrial park.

Business News

Ogun State to Launch Major Industrial Park by Lee Group in November 2026

Governor Dapo Abiodun will lead the groundbreaking for a new industrial park aimed at boosting local employment and investment.

Business News

Nigeria’s Agriculture Sector Grows by 4.39% in Second Quarter of 2026

The Federal Government reports a significant growth in Nigeria’s agriculture sector, driven by reforms and investments.

Olayemi Cardoso speaking at a press conference

Business News

Central Bank Governor Calls for Stronger Collaboration Between Government and Private Sector

Olayemi Cardoso emphasizes the need for cooperation to boost Nigeria’s economy during World Bank meetings.

A view of Nigeria's bustling economy and urban landscape.

Business News

Nigeria Aims for 7% Economic Growth Amid Changing Challenges

The Nigerian government sets a target for economic growth while addressing new pressures.

President Donald Trump speaks to reporters outside the White House.

Business News

US Budget Deficit Approaches $2 Trillion, Highest Since 2021

The US budget deficit has reached nearly $2 trillion, raising concerns ahead of midterm elections.

Business News

BEDC Warns of Energy Theft and Fraudulent Connections in Ondo State

BEDC Electricity Plc raises concerns over unauthorized connections causing major revenue losses.

Olayemi Cardoso speaking at an economic forum.

Business News

Nigerian Central Bank Governor Defends Economic Reforms as Inflation Drops

Olayemi Cardoso explains how recent reforms helped lower inflation from over 30% to around 15%.

Business News

Zamfara State to Distribute Dangote Shares to Over 36,000 Residents

The Zamfara State Government plans to give shares in Dangote Group to 36,176 residents to boost financial inclusion.