Latest Business and Economy News in Nigeria

The federal government is said to have commenced a fresh move to recover about N20 trillion from six defaulting oil companies as part of the revenue accruing to Nigeria.

The emir of Kano, Lamido Sanusi, has backed the federal government’s decision to close land borders, noting that the action will protect Nigeria’s productive industry from destruction. He said the measure will benefit the country.

President Muhammadu Buhari, on several occasions, has reiterated his administration’s readiness to work with other leaders to address the climate change crisis.

The UK government, through the Commonwealth Standards Network (CSN) and the Global Trade Programme (GTP), has implemented technical training activity on standards development for Nigerian Standards agencies.

The Obama family got a huge deal of a massive seven-mansion seated on Martha’s Vineyard for for $11.75 million (N4,247,625,000) against its initial $14.85 million (N5,368,275,000) listing.

The national chairman of the Peoples Redemption Party (PRP), Falau Bello, has said that the ruling All Progressives Congress (APC) will split before the next elections in 2023 so Buhari's $30bn loan request should be rejected.