Business News

Deepwater production is set to increase by over 60 per cent between 2022 and 2030, growing from 6 per cent to 8 per cent of overall upstream production even as...

The Nigeria Extractive Industries Transparency Initiative ((NEITI) has said that the country earned N741.48 billion from oil and gas sales between 1999 and 2020, a period of 21 years. The...

Nigerians continued to grapple with growing energy prices caused by the challenges in the global oil and gas industry, the Russia-Ukraine war as well as local distortions in Nigeria’s petroleum...

The profit-taking returned to the stock market of Nigerian Exchange Limited (NGX) after six consecutive days of an uninterrupted bullish streak as capitalisation declined by N65 billion yesterday to start...

At the end of the trading session last week, Nestle Nigeria Plc share price depreciated by N469.73 billion or 38.07 per cent in its Year-till-Date (YtD) performance to close at...

Hope for improved power supply to companies and entities operating in Lekki Free Zone axis of Lagos State has risen as NIPCO Gas Limited has signed an agreement with the...

UAC Plc suffered a loss of N2.01billion in its nine months ended September 30, 2022 unaudited result and accounts amid growing cost of sales and increasing finance cost. The conglomerates,...

As companies in Nigeria continue to battle the tough operating environment, banks and other Financial institutions contribution to Nigeria’s real Gross Domestic Product (GDP) in third quarter of 2022 dropped...

When the National Bureau of Statistics (NBS), released a Multidimensional Poverty Index (MPI) survey report that measured deprivations related to education, health, and living standard of the people and Abia...

Last week, the ongoing efforts to rein in the value of the naira gained a higher momentum with a cocktail of actions taken by the monetary authority in line with...