Business News

Oil markets may face headwinds in 2023 as fresh Western sanctions and a price cap on Russian oil come into effect, leading to an output squeeze in global supplies and...

The Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of its mandate from the Federal Government as regards PMS subsidy, the...

The Nigerian Upstream Petroleum Regulatory Commission, on Sunday, revealed that crude oil production in Nigeria rose to 1.235 million barrels per day in December 2022, representing the highest output since...

A report by Money Africa has said that Nigerians need to get out of bad debts to survive the financial challenges in 2023. It noted that the residual effect of...

As the Nigerian Exchange Limited (NGX) market capitalisation closed at N27.9 trillion in 2022, the likes of Airtel Africa Plc, Dangote Cement Plc, MTN Nigeria Plc and 17 other highly...

Freight forwarders have said there may be congestion of imported vehicles at the nation’s seaports following the Nigeria Customs Service’s decision to raise duty on imported vehicles by 10 per...

The increasing cost of production occasioned by forex and Customs fees has limited the growth of the construction sector in 2022, CBK Integrated Industries, a ceramic manufacturing firm, has said....

Given the imminent surge in population, the Federal Government has been advised to prioritise and invest more in housing schemes to provide more affordable houses to Nigerians. According to the...

The Lagos Chamber of Industry as well as the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture have expressed dismay at the recent revelation that Nigeria’s debt could...

The number of power consumers on estimated billing, who lack meters, has risen to over 7.8 million, the Nigerian Electricity Regulatory Commission has said. It was gathered that the number...