Business

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

‘Nigeria’s $152bn debt not translating to development’

Stakeholders on Tuesday warned that Nigeria is sliding deeper into a cycle of “debt without development,” raising concerns that the country’s $152bn d

FG bans physical cash receipts by MDAs

The Federal Government has announced a new directive banning the use of physical cash receipts for all revenue-related transactions in Ministries, Dep

Licensing round: NUPRC lists 50 oil blocks on offer

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has listed the 50 oil blocks covering the Onshore, Shallow Water, and Deep Offshore area

NDPHC restores Geregu 450MW plant

The Niger Delta Power Holding Company (NDPHC) says it has successfully restored additional 450MW of generation capacity to the national grid following

FG engages airlines over spike in fares

Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, has hinted that the federal government would be engaging with the airlines to