Business

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

Communication firm gets New Chief Operating Officer

Soulcomms, a leading Strategic Communications and Engagement Agency, has appointed Ugochukwu Uwajeh, as its new Chief Operating Officer. In a statemen

Newly approved tariff to reduce subsidies for 2024 by NI.14trn – NERC

The Nigerian Electricity Regulatory Commission (NERC) says the newly approved tariff is expected to reduce subsidies for the 2024 fiscal year by about

Customs worried as CBN hikes duty rates 28 times in 3months

The Nigerian Customs Service (NCS) has expressed concerns over the continued adjustments of customs import duty rates which have affected the volume o

Undersea cable cuts: MainOne, others to fix damaged cables with $8m – WIOCC

West India Ocean Cable Company (WIOCC), one of the companies providing Africa’s digital backbone and largely involved in the restoration of subsea cab

7500 projects added to 2024 budget during appropriation

About 7,500 projects were added to the 2024 National Budget during appropriation, checks from a budget office’s document have revealed. The checks sho