World Bank warns Israel-Hamas conflict could lead to oil price spike
The war between Israel and Hamas could trigger price shocks for raw materials such as oil and agriculture products if the conflict escalates across th
Business
All the recent business news in Nigeria, economy and industry updates.
Power minister yet to give policy directive after 2 months in office
Two months after assuming office, Nigeria’s Minister of Power, Adebayo Adelabu, has not released his policy direction to guide and provide solutions t
Licences for non-productive oil fields will be cancelled – Lokpobiri
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has threatened to cancel the licences for marginal oil fields that have not b
FG, Chinese consortiums sign N365bn contract to upgrade distribution lines
The Federal Government of Nigeria, represented by the Ministry of Power, has signed a $463m (N365bn at N789/$ NAFEM rate) distribution lines upgrade
3 startups get N30m FG award to enhance research
The Nigerian Communications Commission (NCC) has awarded N10 million each to three startups to enhance their research to develop the country’s economy