Business News

Nigeria’s crude oil production rose to 1.418mbpd in December 2023, a report by the Organisation of the Petroleum Exporting Countries has said. OPEC, in its Monthly Oil Market Report for...

The Abia Industrial Innovation Park (AIIP) modular refinery is expected to start up operations by 2025, according to Commissioner for Information and Culture Mr. Okey Kanu. He made this claim...

Revenue generating agencies, Nigeria Customs Service, Federal Inland Revenue Service and Nigerian Upstream Petroleum Regulatory Commission shared N53.5bn as cost of revenue collection in November. The Federation Account Allocation Committee...

Shell PLC has denied speculations that it was leaving Nigeria after selling its onshore business in the Niger Delta. The PUNCH reports that Shell on Tuesday announced that it had “reached...

Nigeria is seeking $1.5bn aid from the World Bank to tackle the severe dollar shortage contributing to the decline of the naira. “We’re hoping to get $1bn or $1.5bn from...

A recent study conducted by professionals in Nigeria's artificial intelligence (AI) sector projects a significant 30% growth in the country's AI market over the next five years. The growth is...

1. Customs sets N1.130trn revenue target for Tin-Can Command THE Nigeria Customs Service, NCS has set N1.13 trillion as a revenue target for the Tin-can Island Port Command... Read more...

The Nigerian National Petroleum Company Limited says it has in the past one week uncovered no fewer than 83 illegal refineries in the Niger Delta.  The NNPCL disclosed this on...

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the Federal Government will be saving N8tn annually from the fuel subsidy removal and exchange...

The naira tumbled to N1,300/$ at the parallel market on Tuesday. This is as it closed trading on the Peer-to-Peer cryptocurrency window at N1,315.3/$1 on the day. Bureau de Change...