Business

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

Fuel scarcity worsens as transporters hike fares in Lagos, Abuja others

Nigerians are yet to see the last of petrol scarcity as transport fare has risen while marketers have blamed the scarcity across Lagos, Abuja, Kano an

PIA: NEITI pushes for oil, gas contracts disclosure

The Nigeria Extractive Industries Transparency Initiative (NEITI) is pushing for contracts’ disclosure under the Petroleum Industry Act (PIA) to impro

Nigeria’s budget transparency moves up to 45% — Report

The transparency level of the federal government’s budget has moved upwards to 45 per cent, a report from the 2021 Open Budget Survey (OBS) has shown.

NSIA plans takeover of power plants

Reports indicate that Nigeria’s Sovereign Investment Authority (NSIA) is planning to take over underperforming government assets such as power plants.

FG to train 12,000 workers on financial literacy

The federal government will train at least 12,000, junior low-rank civil servants, under the Ministry of Finance, Budget and National Planning on fina