Browsing: Business & Economy

During the fourth quarter of 2023 (Q4 2023), Lagos State maintained its position as the leading recipient of capital influx into Nigeria.   This information comes from…

Shareholders of Cadbury Nigeria Plc have approved the conversion of an outstanding intercompany loan totaling $7.718 million (₦7,036 billion) owed by the company to Cadbury Schweppes…

The Nigerian Electricity Regulatory Commission (NERC) is considering increasing the price of prepaid meters once again. This consideration comes in response to the escalating production costs…

The National Agency for Food and Drug Administration and Control (NAFDAC) and the Pharmaceutical Council of Nigeria (PC) have jointly issued a stern warning, urging all…

The Chairman of BUA Group, Abdul Samad Rabiu, has announced a 50% salary increase for all staff members. The decision was communicated through an internal memo…

A review of the capital importation report of the Nigeria Bureau of Statistics reveals that foreign investment inflow to the manufacturing sector increased by 67.69% in…

The Federal Government has declared a 24-hour closure of the Third Mainland Bridge for traffic bound from Iyana Oworonshoki to Lagos Island, effective from midnight on…

Estate developers are increasingly facing challenges in meeting their project delivery timelines due to surging exchange rates. This situation is exacerbated for those who had previously…

Nigeria’s telecommunications sector recorded a steep decline in Foreign Direct Investments (FDIs) in 2023 as capital importation plunged by 239%.   This is according to the latest…

The United States government has expressed strong disapproval of the Rwandan government’s backing of the M23 armed group, which is presently carrying out violent attacks in…