Business News Archives - Nairametrics https://nairametrics.com/category/nigeria-business-news/ Destination for Business news and analysis from Africa's largest economy Wed, 09 Jul 2025 20:37:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Business News Archives - Nairametrics https://nairametrics.com/category/nigeria-business-news/ 32 32 201037849 IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document https://nairametrics.com/2025/07/09/igp-sues-abu-arome-3-ghanaians-over-alleged-forgery-of-company-shares-allocation-document/ https://nairametrics.com/2025/07/09/igp-sues-abu-arome-3-ghanaians-over-alleged-forgery-of-company-shares-allocation-document/#respond Wed, 09 Jul 2025 20:37:14 +0000 https://nairametrics.com/?p=518828 The Inspector-General of Police (IGP) has sued three Ghanaians and a Nigerian lawyer, Abu Arome, over forgery allegations related to their alleged illegal 99 million shares allocation, involving River Park Estate, Abuja. 

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]]> https://nairametrics.com/2025/07/09/igp-sues-abu-arome-3-ghanaians-over-alleged-forgery-of-company-shares-allocation-document/feed/ 0 518828 Oyo State approves N7.7 billion for two surveillance aircraft to combat insecurity  https://nairametrics.com/2025/07/09/oyo-state-approves-n7-7-billion-for-two-surveillance-aircraft-to-combat-insecurity/ https://nairametrics.com/2025/07/09/oyo-state-approves-n7-7-billion-for-two-surveillance-aircraft-to-combat-insecurity/#respond Wed, 09 Jul 2025 19:39:49 +0000 https://nairametrics.com/?p=518826 The Oyo State Executive Council has approved N7.7 billion for the procurement of two aircraft to enhance surveillance and tackle banditry, kidnapping, and other security threats in the state. 

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]]> https://nairametrics.com/2025/07/09/oyo-state-approves-n7-7-billion-for-two-surveillance-aircraft-to-combat-insecurity/feed/ 0 518826 FG ramps up cybersecurity measures to protect Nigeria’s digital infrastructure  https://nairametrics.com/2025/07/09/fg-ramps-up-cybersecurity-measures-to-protect-nigerias-digital-infrastructure/ https://nairametrics.com/2025/07/09/fg-ramps-up-cybersecurity-measures-to-protect-nigerias-digital-infrastructure/#respond Wed, 09 Jul 2025 17:59:18 +0000 https://nairametrics.com/?p=518822 The Federal Government has said it is bolstering Nigeria’s cybersecurity defenses amid rising digital threats, as it unveiled several strategic initiatives aimed at building resilience across the country’s digital ecosystem. 

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]]> https://nairametrics.com/2025/07/09/fg-ramps-up-cybersecurity-measures-to-protect-nigerias-digital-infrastructure/feed/ 0 518822 Africa Film Finance Forum eyes $20 billion Pan-African film economy  https://nairametrics.com/2025/07/09/africa-film-finance-forum-eyes-20-billion-pan-african-film-economy/ https://nairametrics.com/2025/07/09/africa-film-finance-forum-eyes-20-billion-pan-african-film-economy/#respond Wed, 09 Jul 2025 17:55:23 +0000 https://nairametrics.com/?p=518817 The Africa Film Finance Forum (AFFF) has unveiled plans to unlock a $20 billion Pan-African film economy, a bold move aimed at transforming the continent’s underfunded and informal film sector into a structured, high-value industry.

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]]> https://nairametrics.com/2025/07/09/africa-film-finance-forum-eyes-20-billion-pan-african-film-economy/feed/ 0 518817 Police to restrict movement on Lagos roads, waterways from 3am–3pm on July 12 for LG elections  https://nairametrics.com/2025/07/09/police-to-restrict-movement-on-lagos-roads-waterways-from-3am-3pm-on-july-12-for-lg-elections/ https://nairametrics.com/2025/07/09/police-to-restrict-movement-on-lagos-roads-waterways-from-3am-3pm-on-july-12-for-lg-elections/#respond Wed, 09 Jul 2025 17:06:32 +0000 https://nairametrics.com/?p=518814 The Lagos State Police Command has announced a total restriction of vehicular movement across all roads and waterways in the state from 3:00 a.m. to 3:00 p.m. on Saturday, July 12, 2025, ahead of the upcoming Local Government Elections in the 20 LGAs and 37 LCDAs. 

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]]> https://nairametrics.com/2025/07/09/police-to-restrict-movement-on-lagos-roads-waterways-from-3am-3pm-on-july-12-for-lg-elections/feed/ 0 518814 UK rolls out digital eVisas for Nigerian work and study visa applicants from July 15  https://nairametrics.com/2025/07/09/uk-rolls-out-digital-evisas-for-nigerian-work-and-study-visa-applicants-from-july-15/ https://nairametrics.com/2025/07/09/uk-rolls-out-digital-evisas-for-nigerian-work-and-study-visa-applicants-from-july-15/#respond Wed, 09 Jul 2025 16:46:08 +0000 https://nairametrics.com/?p=518807 The United Kingdom Government has announced that it will introduce digital eVisas for most Nigerian nationals applying for study or work visas, starting July 15, 2025. 

The post UK rolls out digital eVisas for Nigerian work and study visa applicants from July 15  appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/09/uk-rolls-out-digital-evisas-for-nigerian-work-and-study-visa-applicants-from-july-15/feed/ 0 518807 Trump courts African mineral-rich nations, snubs Nigeria and South Africa in strategic White House summit  https://nairametrics.com/2025/07/09/trump-courts-african-mineral-rich-nations-snubs-nigeria-and-south-africa-in-strategic-white-house-summit/ https://nairametrics.com/2025/07/09/trump-courts-african-mineral-rich-nations-snubs-nigeria-and-south-africa-in-strategic-white-house-summit/#respond Wed, 09 Jul 2025 15:56:34 +0000 https://nairametrics.com/?p=518800 U.S. President Donald Trump is set to host a select group of African leaders this week at the White House, focusing on expanding American access to critical minerals and natural resources.  

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]]> https://nairametrics.com/2025/07/09/trump-courts-african-mineral-rich-nations-snubs-nigeria-and-south-africa-in-strategic-white-house-summit/feed/ 0 518800 Lagos Govt attributes city flash floods to high tides from Atlantic Ocean, Lagos Lagoon  https://nairametrics.com/2025/07/09/lagos-govt-attributes-city-flash-floods-to-high-tides-from-atlantic-ocean-lagos-lagoon/ https://nairametrics.com/2025/07/09/lagos-govt-attributes-city-flash-floods-to-high-tides-from-atlantic-ocean-lagos-lagoon/#respond Wed, 09 Jul 2025 07:33:58 +0000 https://nairametrics.com/?p=518771 The Lagos State Government has attributed the flash flooding witnessed across parts of the city to a natural phenomenon known as tidal lock-up, caused by high tide levels from the Atlantic Ocean and the Lagos Lagoon.  

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]]> https://nairametrics.com/2025/07/09/lagos-govt-attributes-city-flash-floods-to-high-tides-from-atlantic-ocean-lagos-lagoon/feed/ 0 518771 EFCC arraigns Bigibet gaming platform founder Adepoju Abiodun for alleged N855million fraud   https://nairametrics.com/2025/07/08/efcc-arraigns-bigibet-gaming-platform-founder-adepoju-abiodun-for-alleged-n855m-fraud/ https://nairametrics.com/2025/07/08/efcc-arraigns-bigibet-gaming-platform-founder-adepoju-abiodun-for-alleged-n855m-fraud/#comments Tue, 08 Jul 2025 20:56:35 +0000 https://nairametrics.com/?p=518760 The Economic and Financial Crimes Commission (EFCC) has arraigned Adepoju Emmanuel Abiodun, a gaming promoter and founder of Bigibet, along with his company, Noblesteed Nigeria Limited, over an alleged N855 million investment fraud. The arraignment took place on Wednesday, July 8, before Justice O.A. Okunuga of the Lagos State High Court, Ikeja. Abiodun and Noblesteed […]

The post EFCC arraigns Bigibet gaming platform founder Adepoju Abiodun for alleged N855million fraud   appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/08/efcc-arraigns-bigibet-gaming-platform-founder-adepoju-abiodun-for-alleged-n855m-fraud/feed/ 1 518760 US tightens visa policy for Nigerians, limits non-migrant visas to single-entry, 3-month Validity   https://nairametrics.com/2025/07/08/us-tightens-visa-policy-for-nigerians-limits-non-migrant-visas-to-single-entry-3-month-validity/ https://nairametrics.com/2025/07/08/us-tightens-visa-policy-for-nigerians-limits-non-migrant-visas-to-single-entry-3-month-validity/#respond Tue, 08 Jul 2025 19:36:42 +0000 https://nairametrics.com/?p=518751 The U.S. Department of State has revised its visa policy for Nigerian nationals, introducing more restrictive terms for most non-immigrant, non-diplomatic visas.

The post US tightens visa policy for Nigerians, limits non-migrant visas to single-entry, 3-month Validity   appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/08/us-tightens-visa-policy-for-nigerians-limits-non-migrant-visas-to-single-entry-3-month-validity/feed/ 0 518751 FG issues over 3.5 million passports in two years, saves N1billion annually — Minister  https://nairametrics.com/2025/07/08/fg-issues-over-3-5-million-passports-in-two-years-saves-n1billion-annually-minister/ https://nairametrics.com/2025/07/08/fg-issues-over-3-5-million-passports-in-two-years-saves-n1billion-annually-minister/#respond Tue, 08 Jul 2025 19:10:28 +0000 https://nairametrics.com/?p=518745 The Federal Government has announced that it has issued more than 3.5 million passports in less than two years, while saving over N1 billion annually through ongoing reforms in the system. 

The post FG issues over 3.5 million passports in two years, saves N1billion annually — Minister  appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/08/fg-issues-over-3-5-million-passports-in-two-years-saves-n1billion-annually-minister/feed/ 0 518745 Canada increases minimum proof of funds for Express Entry applicants https://nairametrics.com/2025/07/08/canada-increases-minimum-proof-of-funds-for-express-entry-applicants/ https://nairametrics.com/2025/07/08/canada-increases-minimum-proof-of-funds-for-express-entry-applicants/#respond Tue, 08 Jul 2025 18:11:29 +0000 https://nairametrics.com/?p=518740 The Government of Canada has increased the minimum settlement fund requirement for prospective immigrants applying under the Express Entry system.  

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]]> https://nairametrics.com/2025/07/08/canada-increases-minimum-proof-of-funds-for-express-entry-applicants/feed/ 0 518740 EFCC begins probe after Customs arrests man with undeclared $420,900, £5,825 at Kano airport  https://nairametrics.com/2025/07/08/efcc-begins-probe-after-customs-arrests-man-with-undeclared-420900-5825-at-kano-airport/ https://nairametrics.com/2025/07/08/efcc-begins-probe-after-customs-arrests-man-with-undeclared-420900-5825-at-kano-airport/#respond Tue, 08 Jul 2025 18:04:17 +0000 https://nairametrics.com/?p=518738 The Economic and Financial Crimes Commission (EFCC) has commenced an investigation following the arrest of one Ahmad Salisu by the Nigeria Customs Service (NCS) at Mallam Aminu Kano International Airport, over an alleged attempt to smuggle undeclared foreign currency totalling $420,900, £5,825, CFA3,946,500 and Cameroonian CFA224,000. 

The post EFCC begins probe after Customs arrests man with undeclared $420,900, £5,825 at Kano airport  appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/08/efcc-begins-probe-after-customs-arrests-man-with-undeclared-420900-5825-at-kano-airport/feed/ 0 518738 FG opens Abuja passport office for senior officials to reduce processing delays  https://nairametrics.com/2025/07/08/fg-opens-abuja-passport-office-for-senior-officials-to-reduce-processing-delays/ https://nairametrics.com/2025/07/08/fg-opens-abuja-passport-office-for-senior-officials-to-reduce-processing-delays/#respond Tue, 08 Jul 2025 17:37:38 +0000 https://nairametrics.com/?p=518734 The Federal Government has inaugurated a new passport front office in Abuja, specifically designed to fast-track passport processing for senior public officials and tackle persistent delays in access. 

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]]> https://nairametrics.com/2025/07/08/fg-opens-abuja-passport-office-for-senior-officials-to-reduce-processing-delays/feed/ 0 518734 Canada extends work permit access for international students to 2026 https://nairametrics.com/2025/07/08/canada-extends-work-permit-access-for-international-students-to-2026/ https://nairametrics.com/2025/07/08/canada-extends-work-permit-access-for-international-students-to-2026/#respond Tue, 08 Jul 2025 16:31:57 +0000 https://nairametrics.com/?p=518731 Canada has extended the grace period for international students affected by recent changes to the Post-Graduation Work Permit (PGWP) program, pushing the enforcement of new rules to early 2026.  

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]]> https://nairametrics.com/2025/07/08/canada-extends-work-permit-access-for-international-students-to-2026/feed/ 0 518731 British International Investment committed over £1.09 billion to African firms in 2024 – Report https://nairametrics.com/2025/07/08/british-international-investment-committed-over-1-09-billion-to-african-firms-in-2024-report/ https://nairametrics.com/2025/07/08/british-international-investment-committed-over-1-09-billion-to-african-firms-in-2024-report/#respond Tue, 08 Jul 2025 14:12:26 +0000 https://nairametrics.com/?p=518717 British International Investment (BII), the UK’s development finance institution, announced it increased funding to African firms by 40% in 2024, reaching £1.09 billion, up from £725 million in 2023. 

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]]> https://nairametrics.com/2025/07/08/british-international-investment-committed-over-1-09-billion-to-african-firms-in-2024-report/feed/ 0 518717 EFCC arraigns Abel Sokari, Nkiruka Chukwuma and firm over alleged €49 million fraud attempt  https://nairametrics.com/2025/07/07/efcc-arraigns-abel-sokari-nkiruka-chukwuma-and-firm-over-alleged-e49-million-fraud-attempt/ https://nairametrics.com/2025/07/07/efcc-arraigns-abel-sokari-nkiruka-chukwuma-and-firm-over-alleged-e49-million-fraud-attempt/#comments Mon, 07 Jul 2025 19:47:35 +0000 https://nairametrics.com/?p=518676 The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, has arraigned two individuals Abel Egerton Sokari and Nkiruka Chukwuma alongside a company, Zakah Global Investment Limited over an alleged €49 million fraud attempt. 

The post EFCC arraigns Abel Sokari, Nkiruka Chukwuma and firm over alleged €49 million fraud attempt  appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/07/efcc-arraigns-abel-sokari-nkiruka-chukwuma-and-firm-over-alleged-e49-million-fraud-attempt/feed/ 1 518676 Nigeria rules out nuclear weapons pursuit, says focus is on addressing poverty and climate change  https://nairametrics.com/2025/07/07/nigeria-rules-out-nuclear-weapons-pursuit-says-focus-is-on-addressing-poverty-and-climate-change/ https://nairametrics.com/2025/07/07/nigeria-rules-out-nuclear-weapons-pursuit-says-focus-is-on-addressing-poverty-and-climate-change/#comments Mon, 07 Jul 2025 18:04:12 +0000 https://nairametrics.com/?p=518664 Nigeria has ruled out any intention of developing nuclear weapons, emphasising that its national priorities remain addressing poverty and the effects of climate change across sub-Saharan Africa. 

The post Nigeria rules out nuclear weapons pursuit, says focus is on addressing poverty and climate change  appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/07/nigeria-rules-out-nuclear-weapons-pursuit-says-focus-is-on-addressing-poverty-and-climate-change/feed/ 1 518664 NIPOST denies drug trafficking report, says it never linked courier abuse to Tinubu’s administration  https://nairametrics.com/2025/07/07/nipost-denies-drug-trafficking-report-says-it-never-linked-courier-abuse-to-tinubus-administration/ https://nairametrics.com/2025/07/07/nipost-denies-drug-trafficking-report-says-it-never-linked-courier-abuse-to-tinubus-administration/#comments Mon, 07 Jul 2025 10:17:20 +0000 https://nairametrics.com/?p=518624 The Nigerian Postal Service (NIPOST) has denied reports alleging it accused courier services of being used to transport hard drugs since President Bola Ahmed Tinubu assumed office. 

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]]> https://nairametrics.com/2025/07/07/nipost-denies-drug-trafficking-report-says-it-never-linked-courier-abuse-to-tinubus-administration/feed/ 1 518624 Saudi Arabia introduces new skill-based work permit system for expatriates  https://nairametrics.com/2025/07/07/saudi-arabia-introduces-new-skill-based-work-permit-system-for-expatriates/ https://nairametrics.com/2025/07/07/saudi-arabia-introduces-new-skill-based-work-permit-system-for-expatriates/#respond Mon, 07 Jul 2025 09:52:52 +0000 https://nairametrics.com/?p=518622 Saudi Arabia has introduced a new skill-based classification system for expatriate work permits as part of ongoing labour market reforms under Vision 2030 and the National Transformation Program. 

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]]> https://nairametrics.com/2025/07/07/saudi-arabia-introduces-new-skill-based-work-permit-system-for-expatriates/feed/ 0 518622