Business News

Customs pays N7.61bn retirement benefits to 4,237 retirees

Mariam Abeeb The Nigeria Customs Service (NCS) has released N7.61 billion to nine Pension Fund Administrators (PFAs) for payment to 4,237 retirees, as the...

Nigeria’s inflation rate drops slightly to 15.91% amid steep food prices

By Abubakar Yunus The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate was 15.91 percent in June 2026 — down slightly from 15.93...

BOI secures €60m EIB facility to boost cocoa processing, chocolate manufacturing

By Abubakar Yunusa   The Bank of Industry (BOI) says it has secured a €60 million credit facility from the European Investment Bank (EIB) to...

FG grants Shell $11.5/barrel tax credit to advance Bonga oilfield project

By Abubakar Yunusa   Nigeria has granted Shell Plc a $11.50 per barrel production-linked tax credit for the Bonga Southwest Aparo deepwater oil project. On January...

FirstBank CEO Alebiosu calls for stronger gov’t backing to bridge Nigeria’s housing deficit

By Abubakar Yunusa   The Chief Executive Officer of First Bank of Nigeria Limited, Olusegun Alebiosu, has called for stronger collaboration by the government and...

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