Business

2023 budget: Senate to slash proposed N6trn import duty waiver by 50%

Business
The Senate will reduce the import duty waivers proposed for the N19.76 trillion 2023 budget, which will result in a N12.4 trillion deficit. Solomon Adeola,...

How I make N2 million monthly selling sex-enhancement drugs – Vendor, Yusuf Bashir

Business
by Kirk Leigh Yusuf Bashir gleefully counts his ward of cash from the afternoon sales, the total so far was N35, 000. In response to...

29-year-old Nigerian, Chidozie Obasi wanted in the United States for $31million fraud

Business
By Kirk Leigh The US Department of Justice (DOJ) announced over the weekend that a Nigerian man, 29-year-old Chidozie Collins Obasi, had been declared wanted...

UBA records double digit growth in H1

Business
United Bank for Africa (UBA) Plc, Africa's Global Bank, has announced its audited financial results for the half year ended June 30, 2022, with...

GTBank Portal Suspension: 400,000 Containers Trapped At Seaports – Clearing Agents

Business
by Yusuf Babalola Clearing agents working at the nation's seaports lamented yesterday that over 400,000 containers are currently stuck at the Lagos seaports due to...

Nigeria losses $2.7bn as oil production falls below 1mb/d

Business
According to the most recent data, Nigeria's oil production fell below one million barrels per day in August, costing the country $2.658 billion. The Nigerian...

Why Nigeria should end fuel subsidy – Akabueze

Business
By Odinaka Anudu Ben Akabueze, Director General of the Nigerian Budget Office, believes that the trillions of naira spent on fuel subsidies could be better...

FEC approves $352m Air Nigeria’s advisory fees

Business
Obiora Ifoh, Abuja Hadi Sirika, the Minister of Aviation, stated that the Federal Executive Council approved a sum of $352 million for Air Nigeria's transactional...

23 Nigerian startups to benefit from Google’s $4 million fund for 60 African businesses

Business
Google on Tuesday announced the selection of 60 eligible startups across Africa with $4 million funding to enable them to scale up their ongoing...

Domestic airlines’ N19bn debt may cripple sector agencies — NCAA

Business
The Nigerian Civil Aviation Authority (NCAA) has warned that agencies in the industry could collapse if domestic airlines do not take a drastic step...

Nigerians hail Dauda Biu, say he’ll transform FRSC

Business
The appointment of Dauda Ali Biu as the Acting Corps Marshal of the Federal Road Safety Commission (FRSC) has been described as placing a...

Discos suffer N543bn revenue loss in 12 months

Business
The latest report by the Nigerian Electricity Regulatory Commission shows that total billing to electricity consumers by the 11 distribution companies stands at N816bn. The...
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