Business

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

Three in five Nigerians earn below N100,000 or have no income – Report

Three in five Nigerians earn below N100,000 monthly or have no income, underscoring a widening income pressure as Nigerian households grapple with ris

‘Esso’s Erha field produced 800m barrels, generated $1bn royalties in 20 years’

Esso Exploration and Production Nigeria Limited (EEPNL) has marked the 20th anniversary of first oil from the Erha Field located in OML 133, celebrati

Deolu Ijose is IBEDC new CEO

Mr. Deolu Ijose, has been named the new Managing Director/Chief Executive Officer of Ibadan Electricity Distribution (IBEDC). His appointment follows

Equity investors gain N20.63bn as NGX index surges

Equity investors recorded modest gains on Thursday as the Nigerian Exchange Limited (NGX) closed on a positive note, with key performance indicators r

NELMCO has settled N2.16trn power sector liabilities – MD

The Nigeria Electricity Liability Management Company (NELMCO) said it has settled over N2.16 trillion in inherited power sector liabilities, a develop