Business News

The Nigerian National Petroleum Company Limited has denied claims that it has reduced the pump prices of petrol and diesel. The NNPCL spokesperson, Olufemi Soneye, in a statement, described the...

The Federal Government, on Tuesday, said about $5bn worth of investments are expected in Nigeria from oil and gas companies this year. It disclosed this during the ongoing oil and...

The private sector generates $236bn in illegal profits annually, a new study by the International Labour Organisation has revealed. According to the report titled “Profits and Poverty: The Economics of...

The Minister of State for Environment, Dr Iziaq Salako, has said the ministry through the National Oil Spill Detection and Response Agency will be commencing periodic review of the plans...

Data consumption reached 721,522 terabytes, the highest monthly consumption ever recorded, according to the Nigerian Communications Commission. Data obtained on Tuesday from the regulator’s website showed that this record surpassed...

The Nigerian currency, the naira, witnessed a notable uptick in its value against the US dollar in both the parallel market and the official Nigerian Foreign Exchange Market (NAFEM) on...

The President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Oladapo Olatunbosun, has underscored a concerning trend within the domestic market – the relentless escalation of cooking gas...

MTN Group, the leading telecommunications operator in Africa, has accepted an undisclosed offer from Telecel, an Africa-focused telecom service, to sell its equity interests in MTN Guinea-Bissau and Guinea-Conakry. This...

In 2023, Nigeria's largest conglomerate, the Dangote Group, witnessed a substantial rise in input costs, reaching a staggering N1.398 trillion across its three quoted companies on the Nigerian Exchange Limited....

The Monetary Policy Committee (MPC) of the CBN has announced a significant increase in the benchmark interest rate by 200 basis points, from 22.75% to 24.75%. This decision was made...