Business

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

EFCC to spend N1bn on local travel, 413m on vehicles

The Economic and Financial Crimes Commission (EFCC) has planned to spend N1,055,633,61 billion on local travels, analysis of the 2024 budget has shown

Nigeria’s Aiteo expands global resource, acquires Mozambique’s gas block

Nigerian energy company Aiteo has secured a stake in Mozambique’s Mazenga gas block. The deal, formalized through farm-in arrangements with Mozambique

How naira depreciation threatens equipment acquisition – NAHCO

The Nigeria Aviation Handling Company (NAHCO) PLC has decried the fluctuation in foreign exchange which has more than doubled the rate for the acquisi

N5bn dormant NCAT Boeing Simulator to gulp fresh N150m

After being dormant for over four years, the Boeing 737-NG full flight simulator acquired in 2020 is expected to gulp fresh N90m for its retention in

Despite payment default, military to spend N5.8bn on electricity charges

The three branches of armed forces have proposed to spend N5,817,782,952 in 2024 to pay electricity charges. The amount is despite the military finger