Business & Economy

Nigeria’s electricity regulator, the Nigerian Electricity Regulatory Commission (NERC), has imposed fines totaling N628.03 million on eight power distribution companies—Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola—for flouting rules...

During a meeting in Abuja with Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, APM Terminals (APMT), represented by CFO Peter Wikstrom, announced a $500 million investment to enhance...

MTN Group intends to reduce its stake in Nigerian subsidiary MTN Nigeria from 76% to 65%, which is expected to enhance local investor participation through public offering after the subsidiary...

The federal government of Nigeria has signed a contract worth $328.8 million with China Machinery Engineering Corporation (CMEC) for the reconstruction and expansion of the nation’s electricity transmission infrastructure as...

The National Identity Management Commission (NIMC) has issued a stern warning to Nigerians, urging them not to disclose their National Identification Numbers (NIN) to unapproved individuals or entities in exchange...

As a part of Nigeria’s oil revenues, crude prices dropped below $60 per barrel this week, mirroring what occurred during the COVID-19 crisis. Brent crude dropped 5.09% to $59.62 per...

Businessman Jerry Olarenwaju has urged Nigerian security agencies to collaborate with the Special Agro-Industrial Processing Zones (SAPZ) program to ensure safer operations for agricultural stakeholders. Speaking on a television program...

Nigeria’s economy is on an upward course, as the Central Bank of Nigeria (CBN) announced a Balance of Payments (BOP) surplus of $6.83 billion for 2024, signaling a stark reversal...

The Chinese government has announced it will raise tariffs on U.S. imports to 84%, up from the current 34%, according to a statement from the finance ministry. The move follows...

The ECOWAS Bank for Investment and Development (EBID) announced on Tuesday that it approved a funding package of €230 million and $10 million aimed at boosting small businesses, infrastructure, and...