Business

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

OPEC foresees energy demand rise by 23% in 2045

The Organisation of Petroleum Exporting Countries (OPEC) has said that it foresees global energy demand rising by an estimated 23 per cent by 2045. OP

Jupiter Project to debut Nigeria’s first Tier-1 lithium mining

The Jupiter Lithium Project has received the nod to begin the mining of lithium in Kaduna State. In a statement, it said this followed the approval of

Nigeria’s N121.6trn debt exceeds 50% GDP

PricewaterhouseCoopers International Limited (PWC) has raised the alarm that Nigeria’s public debt hit N121.67 trillion in the first quarter of 2024,

NCDMB threatens to exclude companies lacking project execution capacity from local content plan

The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr Felix Ogbe, yesterday said entities acting solely as interm

Expert advocates stiff penalties over N891bn loss to gas flaring

A former Deputy Director of the defunct Department of Petroleum Resources (DPR), Engr Sunday Adebayo Babalola, yesterday urged the federal government