Business

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

Nigeria’s crude oil production rises to 1.64 mbpd in January

Nigeria’s crude oil production including condensates, increased 5.85% m/m reaching 1.64 million barrels per day (mbpd) in January 2024, up from 1.55 m

Suppliers urge FG to regulate diesel, dollar

The Nigerian Gas and Oil Suppliers Association (NOGASA) has  called on the federal government to impose price regulation on Automotive Gas Oil (AGO) d

Gombe, 7 other states get zero foreign investment in 5 years

Gombe and seven other Nigerian states have had no foreign investment flow in the last five years, as foreign capital inflow into the country dropped b

Cement manufacturers taking advantage of dollar rise – Minister

Minister of Housing and Urban Development, Ahmed Dangiwa, has accused cement manufacturers of taking advantage of the Nigerian currency fall against t

AEDC threatens to disconnect villa, DSS, military barracks, others over N47.1bn debt

The management of the Abuja Electricity Distribution Company (AEDC) has given a 10 days’ notice to 86 government Ministries, Departments and Agencies