Business

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

Nigeria’s oil rig count leaps to eight in four months – OPEC

The Organization of Petroleum Exporting Countries (OPEC) has disclosed that Nigeria’s oil rig count has increased to eight. A rig count reflects the a

FG commissions N8bn cargo scanners to check influx of arms, others

The federal government on Tuesday commissioned three mobile cargo scanners to check the influx of arms and ammunition into Nigeria through the seaport

CBN increases interest rate to 16.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to increase the benchmark interest rate (MPR) by 100 basis points to 16.5

Buhari to unveil redesigned naira notes Wednesday

President Muhammadu Buhari will unveil the newly designed naira notes on Wednesday, according to governor of the Central Bank of Nigeria (CBN), Godwin

Kolmani oil drill has attracted $3bn investments – Buhari

President Muhammadu Buhari has said the drilling of oil at the Kolmani field straddled between Gombe and Bauchi has attracted $3bn investments. He sta