Business

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

Fuel: Group urges IPMAN, PTD, NUPENG to prepare for subsidy removal 

A citizens-led anti-sabotage group on the aegis of The Natives has asked all the stakeholders in the oil industry to start preparing for fuel subsidy

DisCos earn N1.3tr from electricity bills in 23 months

An estimated 12.792 million registered consumers paid at least N1.367 trillion as charges for power supply to them by the 11 Distribution Companies (D

NNPC, operatives destroy barge with stolen crude, filling station in Delta

The Nigerian National Petroleum Company Ltd, a private security contractor, and government security agencies have destroyed a barge loaded with crude

CPPE fault hasty passage of 2022 finance bill

The Centre for the Promotion of Private Enterprise [CPPE] is disturbed by the rushed passage of the 2022 Finance Bill by the National Assembly, callin

Scarcity: NMDPRA shuts 7 depots selling petrol above official rate

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has shut down seven petroleum products depots in Lagos and four other lo