Business News

The Nigerian National Petroleum Company Limited remitted literally zero funds to the Federation Account in 2022 due to the payment of subsidy on Premium Motor Spirit, popularly called petrol, the...

Financial specialists believe that if the government stops oil theft and increases non-oil exports, the naira would return to its true value before the end of 2024. Ayodeji Ebo, the...

The United Nations Secretary-General, António Guterres, said phasing out fossil fuel was not only necessary but also inevitable. Speaking in celebration of the first International Day of Clean Energy on...

FCMB Group has reported a 206.86 per cent increase in its profit for the financial year ended December 2023 to N95.52bn. This was revealed in the unaudited annual report and...

The International Monetary Fund has said that even though Nigeria and other low-income debtors have yet to request any debt relief recently, high debt servicing costs remain a growing challenge....

Financial and economic analysts have urged the Federal Government to ramp up crude oil production to improve liquidity in the country’s foreign exchange market and help stabilise the naira. In...

The Extractive Industries Transparency Initiative, the global body that pushes for transparency in the oil and mining sectors, on Friday, frowned at the old data being released by the Nigerian...

The Chairman of the Board of Directors of the Eko Electricity Distribution Company, Dr Dere Otubu, has called for increased investment in the Nigerian power sector to meet the country’s...

The Nigerian Aviation Handling Company PLC on Friday launched its Export Packaging and Processing Centre in Lagos. Speaking at the event, the Chairman of NAHCO’s  Board of Directors, Dr Seinde...

Energy costs, according to AFEX, will fall by 5% in 2024 and then by an additional 0.7% in 2025, while commodities related to agriculture are expected to fall by 2%...