Business

President Bola Tinubu on Thursday approved the appointment of four new members of the National Council on Privatisation to represent the private sector in the council. Tinubu’s Special…

The Senate Committee on Appropriations yesterday urged the federal government to stop the tax waivers and concessions granted to corporate entities. It said Nigeria was losing huge revenue…

After a series of delays, the Dangote Refinery, a mammoth $19 billion project in Nigeria, is finally poised to commence fuel production as the first crude shipment arrives…

Against the backdrop of more exits from ground operations in Nigeria by more multinational companies, Nigeria’s economy is expected to lose $335 million (about N310bn) in Foreign Direct…

Airtel Africa on Tuesday launched Airtel (“Nxtra”), a new data centre business founded on a commitment to meet the continent’s growing needs for data centre capacity and to…

Bolt, a ride-hailing company, has disclosed that it has suspended more than 5,000 drivers in the last six months due to non-compliance and safety-related issues. The Country Manager…

The Minister of Steel Development, Shuaibu Audu, has requested N35bn funding from financial institutions to revive the moribund Ajaokuta Steel Company. Audu said the collaboration with financial institutions…

The Federal Government has signed a Memorandum of Understanding (MoU) for the establishment of a 1 Gigawatt (GW) Solar PV Manufacturing plant in the country as part of…

Former Kaduna State Governor, Nasir El-Rufai, on Monday, announced that his venture capital/private equity firm, Afri-Venture Capital Company Limited, will begin operations in 2024. In a post on…