Business

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

NESG worried over rising debt, poverty amidst N18.23trn FAAC allocation in 1yr

The Nigerian Economic Summit Group (NESG) have raised concerns over Nigeria’s rising debt despite N18.23 trillion FAAC disbursements in one year. Chai

Rising cost shrinking profits, threatening companies’ existence – MAN

The Manufacturers Association of Nigeria (MAN) on Monday lamented that the ‘high and rising’ cost environment has continued to shrink profitability an

Nigeria’s crude oil production in September drops by 33,000 barrels – OPEC

Nigeria’s average crude oil production in the month of September declined by as much as 33,000 barrels to 1.405 million barrels per day. In its Octobe

No FDI lost for cancelling Nigeria Air deal – Keyamo

Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, has said contrary to insinuations, Nigeria did not lose any foreign direct inv

Indigenous shipowners demand patronage from Dangote refinery

Indigenous ship owners are currently demanding that they should also be considered among those to be granted permission to lift petroleum products fro