Economy

China has approved a ¥200 million grant for Nigeria, worth about ₦40.3 billion, to support development projects jointly agreed by...

Nigeria’s logistics industry is becoming an increasingly important part of the economy, driven by the growing movement of goods, e-commerce,...

Lagos is widely regarded as Nigeria’s commercial powerhouse, but the city’s persistent traffic congestion is creating a costly problem for...

Nigeria’s central bank has loosened key restrictions on banks’ access to liquidity while reviving longer-term repurchase operations, giving financial institutions...

Nigeria’s deposit money banks increased spending on advertising, promotions and corporate gifts by 5.35 per cent to N76.54 billion in...

Union Bank of Nigeria Plc has secured certification under the Payment Card Industry Data Security Standard (PCI DSS) version 4.0.1,...

President Bola Tinubu has pledged to revive Nigeria’s government-owned refineries, but warned that restarting the plants will not constitute success...

Nigeria’s decision to keep its petrol market largely exposed to global price movements is coming under renewed scrutiny as governments...

Nigeria’s renewed investment in rail infrastructure is drawing fresh attention to the economic potential of freight rail as the Lagos–Ibadan...

Value Added Tax, popularly known as VAT, is one of the major taxes used to generate revenue for the government....