Business

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

Fuel subsidy removal will improve forex earnings, GDP – Obat Oil boss

The Chief Executive Officer of Obat Oil and Gas Group, Mr Akinfemiwa Akinruntan, Tuesday said the removal of fuel subsidy from the Premium Motor Spiri

Nigeria needs roadmap to diversify economy – NECA

The Nigeria Employers Consultative Association (NECA) has advocated the need for the country to articulate a definite roadmap to diversify the economy

World Bank plans additional $750m grant for Nigeria

The World Bank has disclosed plans to support the Nigerian Electrification Project (NEP) with an additional $750 million. Ms Elizabeth Huybens, World

Price Police VIP escort to raise revenue – Expert

Economic expert has called on the Inspector General of Police (IGP) to consider formalizing and pricing the services of Police VIP escort/guard duties

Currency in circulation hit N2.5tr May 2023 – Report

Data from the Central Bank of Nigeria (CBN) shows that the currency in circulation (CIC) reached a year high of N2.5 trillion in May 2023, up by 7.4%