Saturday, December 28, 2024

Business News Today

Study Finds 70% of Lagos Employees Unable to Obtain Loans from Employers

Even though Lagos is Nigeria's business center, a new study shows that 7 out of 10 workers (or 70%) in Lagos can't get loans or credit from their bosses. ...

Report Reveals 81% Decline in UK Health and Care Worker Visa Applications

Sure, I'll make this blog post simple and easy to understand. The number of health and care worker visa applications dropped by 81% from April to July 2024 compared to the same time in 2023. This information...

Customs Poised to Forfeit N188 Billion in Revenue Due to Tariff Elimination on Food Imports

The Nigeria Customs Service (NCS) says that Nigeria might lose N188 billion because of the decision to let some food come into the country without paying taxes for six months. This was said by the head of NCS, Adewale Adeniyi,...

The World’s Top 10 Rapidly Expanding Film Industries

By the end of 2023, movie theaters around the world made about $33.9 billion . This...

FG Alleges Chinese Firm’s Attempt to Seize Nigeria’s Presidential Jets and Other Offshore Assets in France

The Federal Government is worried because a Chinese company, Zhongshan Fucheng Industrial Investment Co. Limited, wants to take Nigeria’s presidential jets and other assets. They have taken this issue to a court in Paris, France. Bayo Onanuga, who advises Nigeria’s...

Aliko Dangote’s Wealth Declines by $1.2 Billion in 2024

Aliko Dangote, a big businessman who created a $20 billion refinery in Nigeria, has lost over $1 billion this year. This happened because Nigeria’s money, called the naira, lost a lot of...

Customs Outlines Requirements for Companies Interested in Duty-Free Food Imports

The Nigeria Customs Service (NCS) has shared important details for companies that want to bring in food without paying taxes, as allowed by the government. This news was shared by Abdullahi Maiwada, the spokesperson for the...

NASS Suggests N25 Million Penalty for Unlicensed Insurance Operators in Nigeria

The National Assembly of Nigeria wants to introduce a new rule: if someone runs an insurance business without a license, they will have to pay a huge fine of N25 million. This idea is part of...

Top 10 Rapidly Expanding Movie Industries Worldwide

Rising Box Office and Growing Film Industries By the end of 2023, the world earned about $33.9 billion from movies, which is 30.5% more than last year. But this...

Report: Inflation Causes 17.4% Decline in Nigeria’s FMCG Transaction Volume for 2024

In a recent report, NielsenIQ said that Nigeria's Fast-Moving Consumer Goods (FMCG) market saw a 17.4% drop in the number of transactions this year. Nigerians are struggling with high prices.In March 2024, the study showed transactions fell more compared...
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Latest News

Governor Abdulrazaq's chief of staff dies

The Chief of Staff to Governor Abdulrahman Abdulrazaq of Kwara State, Prince AbdulKadir Mahe, has died. In a statement by...
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