Business

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

Refineries in Europe, Asia face profit slump over new plants – Report

Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows following the springing up of new refineries

Electricity consumers owe DisCos N385.7bn in 2023

Electricity consumers across the country failed to pay the sum of 385.73bn electricity bills issued to them in 2023. According to the 2023 annual repo

Price of diesel rose by 64.58% in one year – NBS

The average retail price of Automotive Gas Oil (Diesel) increased by 64.58 per cent on a year-on-year basis from N854.32 per litre to N1,406.05 Per li

NRC generates N3.1bn from passengers in first half of 2024

The Nigerian Railway Corporation generated the sum of N3.1bn as revenue from passengers across the country in the first half of 2024, a report by the

United Capital leads $900m FGN Domestic Dollar Bond issuance

United Capital Group, a leading financial services group, acted as the Lead Issuing House and Coordinator for the successful issuance of the FGN Domes