Business

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

FG settles IOCs/domestic refiners’ crude supply dispute

The federal government, through the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), has resolved the supply dispute between international oi

Nigeria Infrastructure Fund records 18.02% increase in return

The Nigeria Infrastructure Debt Fund (NIDF) on Thursday announced a quarterly distribution—for the second quarter ended June 30, 2024—of N4.27 per uni

N27trn Ways and Means still a major challenge – Cardoso

The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, yesterday lamented that the country is currently suffering the consequences of the N27 tr

NERC reels out new sanctions for DisCos

The Nigerian Electricity Regulatory Commission has disclosed that there will be new sanctions for Discos that failed to meet up some contractual agree

Arms seizure: Reps to investigate illegal activities at bonded terminals, FTZs

Suspension of tariff on some food items not licence to import contraband – Customs’ CG   The House of Representatives Committee on Customs has in