Business

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

Naira devaluation: Nestle records N79.5bn loss despite increase in sales

The devaluation of the naira has negatively impacted on the profit of one of the largest food and beverage companies in Africa, Nestlé Nigeria Plc, re

FG warns against vandalism of power installations

The federal government has tasked its citizens across the country to protect power installations in their domains  from  vandalism and other forms of

Energy transition: Crude oil an irreplaceable resource – OPEC Secretary General

Haitham Al-Ghais, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), visited Nigeria recently, where he met with Presi

FOCI demands review of contract templates over inflation

The Federation of Construction Industry (FOCI) has asked the federal government to conduct a comprehensive review of existing contract templates and p

Reps panel approves N446.34bn FIRS budget

The House of Representatives Committee on Finance on Thursday approved N446.34bn as budget for the Federal Inland Revenue Service (FIRS) for the 2024