Business

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

After $1bn drop, Nigeria may suffer further decline in FX inflows – Report

Nigeria still has a long way to go in recovering from the slump in foreign exchange inflows into the economy as the country is projected to suffer fur

S/Africa may displace Nigeria as Africa’s biggest economy – IMF

The International Monetary Fund (IMF) has projected that South Africa could surpass Nigeria to become the largest economy in Africa. According to the

FG moves to review Algeria/Nigeria air service agreement

Minister of Aviation and Aerospace Development, Mr. Festus Keyamo yesterday said the federal government would review its Bilateral Air Service Agreeme

Reps probe IOCs’ non-payment of 3% operating cost to Host Communities

The House of Representatives has mandated its Committees on Host Communities Petroleum Resources (Downstream) and Petroleum Resources (Midstream) to i

Mixed feelings as electricity subsidy hits N135bn in Q2

The federal government’s contribution to plug in the revenue generation shortfall in the power sector in the second quarter of 2023 has increased to N