Latest Business and Economy News in Nigeria

Nere Teriba, a 36-year-old entrepreneur has broken an important record as the first and youngest Nigerian to go into local refining of gold.

The timely intervention of police officers and the Nigerian Mission in Ghana averted a major clash between members of GUTA and NUTAG after the raid.

The 9th Senate promised to be different from the 8th assembly under the leadership of Bukola Saraki and it seems they are ready to fulfil the promise.

According to Forbes, there are 2,153 billionaires in the world and only 13 of them are black one per cent of the whole. Among the 13 black billionaires, only three are women and Nigerian Folorunsho Alakija is one of them.

A whopping sum of $2.4bn (N734.4 billion) would be saved if the Nigerian federal government can encourage and support locally-produced pencils, so says a manufacturer.

Nigeria's oil and gas regulator, Department of Petroleum Resources (DPR), has put on hold indefinitely the applications for approval to construct and licence to operate filling stations near border areas of the country.