Business News

The Federal Government through the Nigerian Electricity Regulatory Commission has issued 13 new licences for the generation of off-grid and embedded power, independent electricity distribution, as well as for the...

The Minister of Budget and Economic Planning, Sen. Atiku Bagudu said Nigeria needs at least $100bn in investments to achieve Nigeria Agenda 2050, with over 80 per cent expected from...

Nigeria's inflation rate for December 2023 increased to 28.92%, up from 28.20% in the previous month, according to the latest report from the National Bureau of Statistics (NBS). This marks...

1. NNPCL to hand over Port Harcourt refinery to private operators As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to...

The Founding Partner of Global Infrastructure Partners, Adebayo Ogunlesi will see his net worth grow to $2.3bn dollars once the takeover deal involving investment management company — Blackrock is finalised....

The Minister of Budget and Economic Planning, Atiku Bagudu, has said he expects the exchange rate to improve following the ongoing exchange reforms of President Bola Tinubu and the Central...

The African Export-Import Bank and the United Bank for Africa have disbursed $2.25bn of the $3.3bn oil-for-cash loan facility arranged by the Nigerian National Petroleum Company Limited. In a statement...

The year-to-date gains of the Nigerian Exchange Limited have hit double digits less than a month into the New Year, signaling a sustained bullish trend. At the close of trading...

The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, recently enforced a performance bond for newly appointed chief executives of aviation agencies, warning of possible termination for those failing...

The World Bank has sounded a cautionary note that a surge in conflict within the Middle East might intensify food insecurity challenges in Nigeria and other countries in the Sub-Saharan...