Business

Despite efforts of the federal government, to increase oil production, the nation’s output, excluding condensate, dropped month-on-month, MoM by seven per cent to 1.3 million barrels per day,…

The three cement manufacturing companies listed on the Nigerian Exchange Limited improved their incomes by 30.65 per cent to N3.07tn in 2023. The financial statements of Dangote Cement,…

The President Bola Tinubu-led government is working towards submitting an application for Nigeria to join international organisation, BRICS. This was made known in a post shared via X…

The Federal Government has suspended the implementation of the recently enacted Expatriate Employment Levy by the Federal Ministry of Interior, as administered by the Nigerian Immigration Service. This…

LivingTrust Mortgage Bank Plc has appointed Dr. Olumide Adedeji as its new Managing Director effective March 7, 2024, and subject to regulatory approval. According to a statement by…

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reiterated the federal government’s commitment to partner with the Central Bank of Nigeria (CBN)…

With Electricity Distribution Companies, DisCos, unwilling to offtake available power, Generation Companies, GenCos, have disclosed that they lost N27.14 billion in January and February 2024 after 4,724.76MW capacity…

National telecommunications operator, Globacom, has unveiled a unique comedy service that provides a variety of video content from well-known Nigerian comedians for the entertainment of subscribers on the…

SEPLAT Energy Plc has said gas development is a clear solution to Nigeria’s immediate energy challenge and remains a longer-term transition fuel. The Director of New Energy at…

The Manufacturers Association of Nigeria, MAN, has said that 767 manufacturers shut down operations while 335 became distressed in 2023. This came against the backdrop of exchange rate…