Business News

Financial analysts from CardinalStone Research project a resurgence in the Nigerian cement industry in 2024, fueled by a renewed government focus on infrastructure development and construction projects. The anticipated boost,...

The Shell Petroleum Development Company of Nigeria Limited has declare its plan to sell its onshore business, to Renaissance. The five entities that make up the consortium of newly appointed...

1. Funding challenges slow FG gas transition plans Ever since assuming office, President Tinubu has been clear about his desire to shift the country’s reliance away from fossil fuels and...

Despite spending at least N21.04bn on foreign trips in the last three years, 14 state governments have failed to attract any form of foreign investments into the domains. The states...

The equities of Chams Holdings Plc (+10 per cent), PZ Cussons (+10 per cent) and 66 other gainers drove the equity market to a gain of N874bn at the close...

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....