Business News

The National Assembly has raised its 2024 budgetary allocation by 74.23 per cent to N344.85bn. This will be the highest-ever budgetary allocation to the National Assembly whose initial allocation in...

The Federal Ministry of Industry, Trade and Investment will spend the sum of N2.5bn in 2024 on the procurement of furniture and new fittings, creation and partitioning of new offices,...

The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National Petroleum Corporation Limited. A statement from...

Skyway Aviation Handling Company (SAHCO) PLC has successfully secured the contract to take over the ground handling services for Ethiopian Airlines at the Murtala Muhammed International Airport in Lagos, effective...

1. P’Harcourt refinery begins test-run, Rivers, 11 others get supply soon  The Nigerian National Petroleum Company Limited has commenced the supply of crude oil for the test-running of the Port...

The Nigerian Exchange Limited closed with over 13tn gain for investors in the equity market. This gain nearly tripled the figure recorded in 2022, which stood at N5.619tn, after the...

Nigeria got $1.71bn in foreign loans to boost foreign exchange inflow into the country in the first nine months of 2023. Total capital importation including Foreign Direct Investment, Foreign Portfolio...

Foreign Direct Investments into Nigeria declined by $470.8m in the last five years, findings by The PUNCH revealed. This followed analyses of different Capital Importation reports published by the National...

Power distribution companies, on Sunday, denied reports of electricity tariff hike beginning from today, January 1, 2024. They said the Nigerian Electricity Regulatory Commission had not issued any directive for...

Power consumers lodged a total of 333,947 complaints bordering on metering, billing and service interruption to their various distribution companies within a period of three months, the Federal Government has...