Business News

1. Nigeria facing worsening economic crisis, says IMF The International Monetary Fund has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria......

The Nigeria Agricultural Quarantine Service and the Nigeria Oil and Gas Free Zones Authority, both agencies of the Federal Government, have agreed to collaborate in areas of trade facilitation and...

Power distribution companies overbilled about 7.1 million unmetered electricity consumers between January and September 2023, an analysis of the latest monthly number of overbilled customers showed. In the various Regulatory...

In the first major judicial decision on the Petroleum Industry Act 2021, the Federal High Court has affirmed the power of the Nigerian Midstream and Downstream Petroleum Regulatory Authority to...

The Federal Government is aiming to create 1.2 million jobs for through the construction of 3,112 housing units under the Renewed Hope Initiative. The Minister of Housing and Urban Development,...

The Nigeria Employers’ Consultative Association, the umbrella body for Employers in Nigeria, has described the banning of packaging of alcoholic drinks in sachets and small-sized bottles by the National Agency...

The Corporate Affairs Commission has disclosed that it has commenced the registration of 2 million small businesses as part of measures towards formalising the sector. The CAC, in a statement...

The price of cement has risen by 100 per cent in three years to a record high of N7,000, on the back spiralling inflation in the country. Sunday PUNCH findings...

The profit of oil & gas firm, MRS Oil Plc, rose by 272 per cent to N4.89bn in 2023. This was indicated in its unaudited financial statements for the year...

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Tokunbo Abiru, has called on the Central Bank of Nigeria to engage the National Assembly and critical stakeholders...