The Economy

The hospitality industry, especially hotels, apartments and tourist grounds, led Detty December sales in Lagos to hit an impressive $71.6 million, the state government said on Monday. Hotels accounted for …

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 34.80% in December 2024. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report …

Following a recent directive by the Central Bank of Nigeria CBN, many commercial banks and other related financial institutions associated with export handling and financing have announced their immediate withdrawal …

The Skyway Aviation Handling Company PLC (SAHCO) has laid off one of its staff allegedly involved in an extortion of N100, 000 from one Oyewale Oyesiji, an Osun State-based automobile …

The Nigerian Government and the US Government on Friday signed an agreement for the repatriation of 52.88 million dollars being proceeds from the forfeiture of the Galactica assets, linked to …

The newly appointed Permanent Secretary of the Ministry of Aviation and Aerospace Development Dr. Ibrahim Abubakar Kana has commended the critical role played by the Nigerian Airspace Management Agency (NAMA) …

As part of corporate plans to deepen its presence in Sub-saharan Africa, Nigeria’s leading commercial bank, First Bank is looking to expand into several other Adrican countries, including Ethiopia, Angola …

The Maritime Workers Union of Nigeria (MWUN) has said its upcoming election is devoid of any government or financial influence, contrary to a report by a maritime industry newspaper. MWUN …

An emerging financial institution in Nigeria, Bankit Microfinance Bank, has unveiled its web banking platform to provide customers with an additional digital channel to manage and carry out uninterrupted daily …

…urges landlords to take advantage of state amnesty program to regularize building documents Lagos State Building Control Agency (LASBCA), says it has sealed over 10 buildings in Victory Estate, Ejigbo, …