Business

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

PenCom to begin online verification, enrolment for retiring civil servants

The National Pension Commission (PenCom) has announced commencement of the 2022 online verification and enrolment for retirees and prospective retiree

Queues: FG raises petroleum transporters’ rate above N25/km

President Muhammadu Buhari has approved a rise in freight rate for petroleum transporters above the current N25 per kilometre, to enable transporters

One year after, FAAN suspends fresh licences for free trade zones

The Federal Airports Authority of Nigeria (FAAN) has suspended the issuance of licenses to intending applicants at the airport free trade zones.

Nigeria can no longer depend on oil revenue –Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has re-emphasised that Nigeria can no longer depend on oil revenue, stressing t

Oilfield bids: NUPRC to award licences after N174bn bonus payment

As the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) plans to close out on the 2020 Marginal Fields Bid Round (MFBR), the commission has i