Business

All the recent business news in Nigeria, economy and industry updates.

Maritime agencies generate N850.3bn revenue in 2024

Four agencies operating under the Marine and Blue Economy generated revenue of 850,324,334, 597 in the year 2024. This was a 77 per cent growth compar

Nigeria’s crude output hits 1.737m bpd, surpasses OPEC’s quota

Nigeria’s oil production, including condensate, rose by four per cent Month-on-Month (MoM) to 1.737 million barrels per day (bpd) in January 2025 comp

Why banks’ capital raisings have been successful — Fitch

Ahead of the 2026 recapitalisation programme of Nigerian banks, foremost rating agency, Fitch Ratings, has said the ongoing capital raisings by financ

FG moves to cut electricity loss to 10%

The National Power Training Institute of Nigeria (NAPTIN), has stated that the launch of Simulation Infrastructure to train staff of electricity Distr

13 years after, FG asked to reverse SON’s eviction from ports

Stakeholders have called on the federal government to reverse its directive on the eviction of the Standards Organisation of Nigeria (SON) from the po