Business

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

Experts react over $10bn diaspora remittance in 6 months

Experts have said diaspora remittances will help reduce the pressure on the Naira and boost the economy. A total of $10.11 billion was received by Nig

MSME Forum plans to establish bank to finance small businesses

The Micro, Small and Medium Enterprises Forum (MSMEs Forum), the umbrella body for all MSMEs registered associations in Nigeria, has announced plans t

Flooded Lokoja road causing fuel scarcity in Abuja, others – NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said the current fuel scarcity in Abuja and other states in the Nort

Senate approves N3.6trn petrol subsidy, N8.4trn borrowing plan

By Muideen Olaniyi & Abdullateef Salau  The Senate on Wednesday rejected the recommendation of its committee to slash the oil subsidy fund in 2023

FG to commission 3 Abuja power substations by December

The federal government will commission three power transmission substations in Abuja that will add 820 megawatts (MW) to the national grid by December