Business
Business and economic news from Nigeria and around the world.
Nigeria, Benin Republic agree on single-entry declaration form for border crossing
The Nigeria Customs Service (NCS) has announced that Nigeria and Benin Republic have reached an agreement to implement a single-entry...
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FG adds just N2000 to previous proposed N60,000 minimum wage as organized labour demand N250,000
The federal government has raised its proposed national minimum wage to N62,000 from previously rejected N60,000, following extensive deliberations with...
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Nigeria Governors’ Forum declares N60,000 minimum wage unsustainable and unfeasible
The Nigeria Governors’ Forum (NGF) has stated that while a new minimum wage is necessary, a minimum wage of N60,000...
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Nigeria’s domestic cargo sector took N7 billion hit during 2-day strike – Association
Domestic cargo agents in Nigeria estimate that the country lost about N7 billion during the two-day nationwide strike by the...
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Multichoice incurs $190.5 million forex loss from Nigerian operation in 2024
Pan-African Pay-tv operator, Multichoice, has notified its shareholders of grim full-year results citing tough macroeconomic conditions and a $190.5 million...
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Food security: FG providing N200 billion to support the cultivation of hectares of land – George Akume
The Secretary to the Government of the Federation (SGF), Sen. George Akume, has announced that the federal government is allocating...
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FG seeks Korea’s investment in electric vehicle projects in Nigeria, assures of incentives
The federal government of Nigeria wants its South Korean counterpart to invest in electric vehicle projects in Nigeria.
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Binance had a turnover of US$20 billion from Nigeria in 2023 alone – Idris Mohammed
The Minister of Information, Idris Mohammed, has said that the cryptocurrency trading platform, Binance, had a turnover of over $20...
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12 US Politicians write Biden to bring back Binance executive from Nigeria
A total of 12 United States politicians have urged President Biden and the hostage affairs unit to facilitate the release...
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South Korea pledges $24 billion for development and trade assistance in Nigeria, African nations
The Government of South Korea has pledged a total of $24 billion in development and trade assistance for the benefit...
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