Business

Nigeria has recorded a significant trade surplus of N6.94 trillion in the second quarter of 2024, according to the National Bureau of Statistics (NBS). The NBS reported that the country’s exports totalled N19.41 trillion, while imports stood at N12.47 trillion, resulting in a trade surplus of N6.94 trillion. “This is …

Access Bank, one of Nigeria’s leading financial institutions with a significant customer base both locally and internationally, is set to host the Corporate Customer Forum 2024. The event, scheduled for September 19, 2024, at Eko Hotels in Lagos, will explore the theme “Nigeria’s Economic Rebirth: Hopes and Implications”. This high-profile …

OPay has announced the introduction of a new N50 charge on electronic transfers of N10,000 and above to both personal and business accounts, in compliance with Federal Inland Revenue Service (FIRS) regulations. The payment platform made this announcement in a notice to its customers on Saturday, stating, “Dear valued customers, …

Nigeria has officially signed a $3.3 billion agreement with China to develop the Brass Industrial Park and Methanol Complex. This deal was announced at the 2024 Forum on China-Africa Cooperation and the inaugural China-Nigeria Economic Cooperation and Trade Conference, marking a significant milestone in the economic collaboration between the two …