Business Updates

The Nigeria Customs Service (NCS) is set to overhaul its revenue structure by replacing various import-related levies with a single, streamlined 4% Free On Board (FOB) charge, according to the...

The National Bureau of Statistics (NBS) has announced that Nigeria’s nominal Gross Domestic Product (GDP) now stands at N372.82 trillion as of 2024, following a comprehensive rebasing exercise that adopted...

As oil revenues stumble and global uncertainties mount, Nigeria looks to tax reforms, digital innovation, and investor confidence to stabilize growth. As Nigeria steps into the second half of 2025,...

The Dangote Petroleum Refinery and Petrochemicals has suspended its discounted fuel supply scheme following revelations of widespread fraud involving several of its affiliate marketers and strategic partners. The company discovered...

As of mid-2025, Nigeria’s most recent comprehensive economic ranking still relies on the BudgIT State of States Report 2022, which provides GDP estimates for 2021 published in late 2022. Although...

Abuja, Nigeria - The High Commissioner of Rwanda to Nigeria, Christophe Bazivamo, has reiterated Rwanda’s commitment to expanding bilateral cooperation with Nigeria across key sectors including trade, aviation, and information...

The UK government has approved a major increase in legal aid fees for immigration and asylum cases; the largest rise since 1996, in a move designed to strengthen the struggling...

Billionaire investor and legendary chairman of Berkshire Hathaway, Warren Buffett, is once again making headlines; this time, for giving away another $6 billion in company shares to support global philanthropy....

In a major leadership transition, the African Export-Import Bank (Afreximbank) has announced the appointment of George Elombi as its incoming President and Chairman of the Board. The decision was unveiled...

Africa is making bold strides to unlock a projected $712 billion digital trade market by 2035, leveraging the framework of the African Continental Free Trade Area (AfCFTA) to transform its...