Business

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

NDDC confirms receiving its funds recovered by EFCC

The Managing Director of Niger Delta Development Commission, NDDC, Dr Sam Ogbuku, said that the Commission has started receiving some of the money rec

Kano Disco gets new owners as Kaduna’s faces license revocation

The Nigerian Electricity Regulatory Commission (NERC) has extended its threat to cancel the licence of Kaduna Electricity Distribution Company (KAEDCO

How NNPCL is cutting cost with merger of business units

In a bid to optimise and reduce overhead costs, some companies under the management of the Nigerian National Petroleum Company Limited (NNPCL) have be

Half year result: FBN Holdings post pre-tax profit of N206bn

First Bank Nigeria Holdings Plc, has reported a profit before tax of N206 billion for the half year ended June 30, 2023. FBN Holding disclosed the fig

NNPCL remits N123bn into Federation Account after exiting fuel subsidy

In line with the provisions of the Petroleum Industry Act 2021, the Nigerian National Petroleum Company Limited (NNPC Limited) has commenced the payme