Business

Nigeria Decides To Continue Subsidy Payment on Electricity Until Economy Improves

NERC earlier showed that if the current subsidy regime on power continues in 2024, it would hit N1.65 trillion by…

9 months ago

NNPC Chief Kyari Blames Insecurity For High Cost of Crude Oil Production in Nigeria

"Insecurity doesn't stop the oil and gas industry from operating...but what it does is that it adds a premium to…

9 months ago

CBN Vows Sanctions After Discovering ‘Gross Violations’ of FX Market Regulations

It said it would continue to settle all legitimate foreign exchange backlogs going forward.

9 months ago

$2Bn Is Not A Lot To Fully Connect Nigeria’s Broadband – Bosun Tijani

Dr Bosun Tijani, Nigeria’s Minister of Digital Economy and Information Communication Technology spoke to the Global Business Report about his…

9 months ago

ActionAid Clamours For Windfall Tax on ‘Climate Wrecking’ Firms

It said Says over US$420bn in windfall profits were mad in 24 months by 36 top fossil fuel, financial firm.

9 months ago

Nigeria Needs To Do More To Increase Investment Appetite, Says Israel Aye

“The appetite to invest in Nigeria is very low unfortunately...One of those things (to change it) would be to create…

9 months ago

Nigeria Customs Didn’t Raise Import Duty But Only Aligned With CBN FX Rates, Says CG Adeniyi

He said that the service has raised revenue by 37% and plans an upward salary review to boost employees' morale.

9 months ago

Shell To Leave Nigeria Onshore Oil Business, Set To Sell Subsidiary For Up To $2.4bn

Shell will still maintain their offshore business in Nigeria as it is more profitable.

9 months ago

Femi Otedola’s Geregu Power Crosses N1 Trillion In Market Value on Nigerian Exchange 

Geregu's shares have returned 196.28% over the past year, making it one of the top performers in the index.

9 months ago