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Business - Page 703

Aliko Dangote Makes History as First African to Hit $30 Billion Net Worth

Africa’s richest man, Aliko Dangote, has reached a historic milestone, becoming the first African to attain a net worth of $30.5 billion, according to the latest update from the Bloomberg Billionaires Index. As of October 25, 2025, Bloomberg ranks Dangote 73rd globally,

October 25, 2025

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Business

World Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria

The World Bank is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund a large-scale Conditional Cash Transfer programme in Nigeria. The Nigeria Governors’ Forum disclosed this in its 36th teleconference meeting communique released on Thursday. It said

December 17, 2021

Business

UK Lifts Suspension On Processing Of Visitor Visa Applications From Nigeria

The United Kingdom (UK) has lifted the pause on processing visitor visas in all countries previously on the red list, including Nigeria. The UK Visas & Immigration (UKVI) announced this in a statement on Wednesday, December 15. The United Kingdom lifted the pause

December 16, 2021

Business

Terminate Passport Production Contract With Foreign Firm – Reps Tell FG

The House of Representatives has condemned a situation where over 70 per cent of Nigerian embassies, high commissions and other foreign missions have received zero allocation for capital expenditure over the years. The federal lawmakers also asked the federal government to terminate

December 16, 2021

Business

FG Debt Servicing Gulps N2.49tn In Nine Months – DMO

Nigeria, the Debt Management Office, spent N2.49tn on debt servicing payments in the first nine months of 2021. Between January and March 2021, Nigeria spent N612.71bn on domestic debt servicing, while it spent $1bn (N410.83bn) on external debt servicing, giving a total

December 16, 2021

10 Nigerian States With Highest Food Inflation In June 2025

Business

Food Prices Continue To Soar As Inflation Dropped in November

The inflation rate in Nigeria, according to the National Bureau of Statistics (NBS), fell in November to 15.40 per cent (year-on-year), the lowest since December last year. The NBS, in its Consumer Price Index report on Wednesday, said the inflation rate fell

December 16, 2021

Business

Omicron: Why We Removed Nigeria From Travel Red List – UK

The British High Commissioner to Nigeria, Catriona Laing, has disclosed that the United Kingdom removed Nigeria from its travel red list based on “scientific and public health data”. Laing who disclosed this in a statement on Tuesday said Nigeria and 10 other

December 15, 2021

Business

Nigeria Secures $210m AfDB Loan To Boost Agricultural Sector

The African Development Bank’s Board of Directors has announced the approval of a $210m loan for Nigeria’s Special Agro-Industrial Processing Zones, which it said would boost the agricultural sector. The AfDB, in a statement on Tuesday, said: “A $210m loan approved by

December 15, 2021

DMO Raises ₦136bn In August Bonds As Investors Show Interest

Business

Nigeria’s Debt Rises By N2.54tn In Three Months – DMO

The Debt Management Office (DMO) on Tuesday, December 14, announced that Nigeria’s public debt was N38.005tn as of the end of the third quarter of 2021. DMO, in a statement titled, ‘total public debt for Q3 2021’, said the total debt figure

December 15, 2021

Business

FG Hints On Imposing New Taxes, Tariffs, Gives Reasons

The federal government has hinted on introducing new taxes, tariffs and levies as part of measures to shore up its revenue. The Minister of Finance, Budget and National Planning, Zainab Ahmed, at the public hearing on the 2021 Finance Bill organised by

December 14, 2021

Business

Finance Bill: Our Tax System Must Work For Every Nigerian – FIRS

The Federal Inland Revenue Service (FIRS) has disclosed that the 2021 finance bill will enable an efficient tax system that will work for every Nigerian. Muhammad Nami, executive chairman FIRS, made this known in a statement released by Johannes Wajuol, his special

December 14, 2021

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Business - Page 703

Aliko Dangote Makes History as First African to Hit $30 Billion Net Worth

World Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria

UK Lifts Suspension On Processing Of Visitor Visa Applications From Nigeria

Terminate Passport Production Contract With Foreign Firm – Reps Tell FG

FG Debt Servicing Gulps N2.49tn In Nine Months – DMO

Food Prices Continue To Soar As Inflation Dropped in November

Omicron: Why We Removed Nigeria From Travel Red List – UK

Nigeria Secures $210m AfDB Loan To Boost Agricultural Sector

Nigeria’s Debt Rises By N2.54tn In Three Months – DMO

FG Hints On Imposing New Taxes, Tariffs, Gives Reasons

Finance Bill: Our Tax System Must Work For Every Nigerian – FIRS

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