Business

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

Every economic sector in Nigeria is underperforming – Kale

KPMG Nigeria’s Chief Economist and former Chief Executive Officer (CEO) of Nigeria Bureau of Statistics, Dr Yemi Kale has said that almost every econo

10 companies being prosecuted for Crude oil under declaration – NIMASA

The Nigeria Maritime Administration and Safety Agency (NIMASA has has instituted legal action against 10 companies over alleged under declaration of C

NNPCL ending crude oil swap contracts, says CEO

The National Petroleum Company Limited (NNPCL) has said it is winding down crude swap contracts with traders and will pay cash for petrol imports. The

Nigeria owes $812.2m of $2.27bn airlines’ blocked funds – IATA

The International Air Transport Association (IATA) yesterday warned that rapidly rising levels of blocked funds constitute a threat to airline connect

NDIC seeks inputs on a framework for differential premium assessment system

Following the recent review of its Differential Premium Assessment System (DPAS) Framework, the Nigeria Deposit Insurance Corporation (NDIC) has sough