Business and Economy

Brandcome Awards: La Casera Company crowned biggest achievers of the year with multiple wins
Barely five weeks after winning multiple awards for marketing excellence, The La Casera Company was recognised by clinching five awards at the Brandcom awards.
UBA wins Best Bank of the Year, International Bank of the Year at BAFI Awards
UBA carted two highly coveted laurels at the BusinessDay’s BAFI awards winning Bank of the Year and the International Bank of the Year at the glamorous event.
Just in: FG meets labour, gives update on new petrol price
The federal government has urged the organised labour to give it one week to consult stakeholders on the possibility of reviewing downward the price of petrol.
BREAKING: FG set to reverse pump price to N160 per litre after meeting with labour leaders
The pressure by organised labour on the federal government to reverse the pump price of Premium Motor Spirit (PMS) back to N160 per litre seems to be paying off
COVID-19: CBN initiates N50bn loan, reaches out to Nigerians over pandemic
The Central Bank of Nigeria (CBN) has introduced a new set of initiatives to help Nigerians cope with the crippling economic effects of the COVID-19 pandemic.
Newspaper review for Friday, November 27: Fresh update from ASUU as FG shifts ground after strike enters 8th month
ASUU strike, economic recession, border closure, among others, are some of the key issues that occupied the front pages of Nigerian print newspapers on Friday.
Nigerian farmers reject FG's plan to reopen land borders
The farmers say neighbouring countries that relied on Nigeria for food would troop into the country and by implication, the prices of commodities will increase.
Jubilation as CACOVID announces plan to empower four million Nigerian youths via N25bn employment scheme
The Coalition Against COVID-19 (CACOVID) has announced a new N25 billion employment scheme through which four million unemployed Nigerians will be empowered.
Nigerian farmers blow hot, kick against federal government's move to reopen borders, reveal what will happen
Nigerian farmers have kicked against the move by the federal government to reopen borders which were closed in August 2019. They said it will be disastrous.
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BREAKING: Niger state government reportedly announces plan to slash workers' salaries by 50 percent
The Niger state government has announced its plan to slash workers' salaries by 50%. The Organised Labour in the state has, however, vowed to resist the plan.
Jubilation as President Buhari announces new policy that will benefit minimum wage earners
President Buhari is proposing a new plan that will exempt minimum wage earners from paying income tax in a bid to shield them from the impact of inflation.
Hope PSBank unveils brand identity, commences operations
Hope PSBank, subsidiary of Unified Payment Services Limited has unveiled its brand identity as part of activities marking the commencement of banking operations
Our products guarantee comfort, remain the preferred brand in the market - Bisaria, Director, Central Africa, Ariston Thermo Group
Ariston has become a strong force to reckon with since its foray into Nigerian market continues to make a strong statement through the quality of its products.
FG reveals when full implementation of CAMA law will finally begin
The Corporate Affairs Commission revealed that it has officially taken delivery of a copy of the Gazetted CAMA, 2020 from the Clerk of the National Assembly.
How we generated N4.178trn from taxes - FIRS
The Federal Inland Revenue Service was able to generate huge revenue from taxes between January to October 2020. The agency said it generated N4.178 trillion.
Newspapers review: FG reveals when Nigeria will come out of recession
Despite being in recession, the Nigerian minister of finance Zainab Ahmed, on Monday, Nov 23, raised the hope that the country will exit the recession soon.
Bag of rice now costs N25,000 in Lagos market as yuletide approaches
At a popular market this week, Legit.ng had a chat with rice sellers to know the type of rice available this period and their cost price as yuletide approaches.
Despite recession, FG reveals how Nigeria is outperforming many economies in the world
Federal government on Monday, November 23, gave the Nigerian economy a pat on the shoulders for outperforming despite being in second recession in five years.
Just in: President reveals what plunged Nigeria into another economic recession, identifies solutions
Nigeria's economic recession was caused by COVID-19, President Buhari has said. The president also listed some measures to address the economic challenges.
US, UK, Canada, South Africa, Nigeria and 35 other countries experiencing a recession in 2020 (full list)
The GDP report released by the NBS indicates Nigeria has slid into recession. This implies Nigeria is one of the 40 countries experiencing similar challenges.
This recession could have been avoided if you heed my advice - Atiku tells Buhari, lists five key solutions
Atiku Abubakar, Nigeria's former vice president, has listed some major steps the Nigerian government must take to take the country out of the latest recession.