Business

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

Edo, NNPC partner to establish 10,000bpd refinery

The Edo State Government (EDSG) and the Nigerian National Petroleum Company Limited (NNPCL) Limited are partnering to establish a 10,000 barrels-per-d

Investors gain N1.27trn as naira depreciates

Investors on the Nigerian Exchange (NGX) recorded a strong N1.27 trillion gain on Thursday as bullish sentiment, driven by advances in heavyweight sto

Ekpo pushes gas infrastructure to drive Nigeria’s industrialisation

The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has outlined reforms, infrastructure expansion and investment drives aim

Electricity subsidy removal will breed inequality among states — Expert

An energy expert, Odion Omonfoman who is the Lead Consultant on Power to the Nigeria Governor’s Forum (NGF) has stated that the planned removal of ele

Rite Foods reduces energy consumption on diesel to 5%

Rite Foods has disclosed that 95 per cent of its energy consumption comes from cleaner sources, including natural gas and solar power, with diesel acc