Business

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

After refinery take-off, Dangote’s stocks appreciate by N514bn

Following the announcement that the Dangote refinery has commenced production, investors have rushed to the Nigerian Exchange to purchase stocks by Da

Amnesty Int’l kicks as Shell sells Nigeria’s onshore oil business for $2.4bn

Shell Plc has agreed to sell its Nigerian onshore oil business to a consortium of local companies for more than $1.3 billion.  If approved by the gove

Shippers’ council flays rail tracks vandalism, sets targets for Funtua Inland Dry Port

The Nigerian Shippers’ Council (NSC) says it is worried over acts of vandalism and theft of railway tracks connecting the nation’s inland ports. The e

Fitch places Union Bank on rating watch negative as new MD pledges seamless service

Fitch Ratings has placed Union Bank of Nigeria Plc’s (UBN) Issuer Default Ratings (IDRs), Viability Rating (VR) and National Ratings on Rating Watch N

After refinery take off, Dangote’s stocks appreciate by N514bn

Following announcement that the Dangote refinery had commenced production, investors have rushed to Nigerian Exchange to purchase stocks by Dangote Gr