Business

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

Energy transition: Crude oil an irreplaceable resource – OPEC Secretary General

Haitham Al-Ghais, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), visited Nigeria recently, where he met with Presi

FOCI demands review of contract templates over inflation

The Federation of Construction Industry (FOCI) has asked the federal government to conduct a comprehensive review of existing contract templates and p

Reps panel approves N446.34bn FIRS budget

The House of Representatives Committee on Finance on Thursday approved N446.34bn as budget for the Federal Inland Revenue Service (FIRS) for the 2024

Senate moves to increase bank recapitalisation to N1trn

The Senate on Tuesday passed for second reading a bill seeking some amendments to the Central Bank of Nigeria (CBN) Act, including a proposal to incre

Uneasy calm in aviation over Oronsaye’s report

There is uneasy calm in the aviation industry over the proposed full implementation of Steve Oransaye’s report on restructuring and rationalisation of