Business

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

NNPCL resumes crude oil production in Awoba Field, first time since 2021

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production

Nestle Nigeria’s fixed assets revalued at N305.4bn

Arising from the foreign exchange losses recorded at the end of 2023 due to the depreciation of naira, Nestlé Nigeria PLC has undertaken a strategic r

Abandoned projects taking a toll on economy — CIPMN

The Chartered Institute of Project Managers of Nigeria (CIPMN) have frowned at the rising trend of abandoned projects in Nigeria, adding that it is ta

It’s wrong to increase electricity tariff without consultations — Speaker

Stakeholders in the electricity sector and policy makers have emphasised the need to take holistic approach to the current electricity power reform to

CBN sells dollars to BDCs at N1,021/$

The Central Bank of Nigeria (CBN) has released another circular to Bureau De Change (BDC) operators, notifying them of direct sales of US dollars at a