Business

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

Piracy has decreased by 77% – NIMASA

The Nigerian Maritime Administration and Safety Agency (NIMASA) has said piracy has decreased by 77 per cent on Nigerian waters in the first nine mont

Insurance companies to pay N20bn #EndSARS claims

Insurance companies will eventually pay about N20 billion in compensations for losses recorded during the October 2020 #EndSARS protest. Speaking with

Senators, BOI clash over loan beneficiaries

Members of the Senate Committee on Industry on Wednesday clashed with officials of the Bank of Industry (BOI) over the beneficiaries of its loans for

NNPC spent N1.1tr on subsidy, oil exploration, FAAC remittance in 7 months

The Nigerian National Petroleum Corporation (NNPC) spent N1.165 trillion to subsidize petrol, for oil exploration and remittance to the Federation Acc

Sylva, other ministers to attend energy confabs in South Africa, UAE

The Minister of Petroleum Resources, Chief Timipre Sylva and other African energy ministers are set to converge in South Africa and the United Arab Em