Business

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

Reps probe alleged non-repatriation of $850bn oil, non-oil export proceeds

The House of Representatives has opened investigations into alleged non-repatriation of Nigeria’s crude oil and non-oil export proceeds estimated at o

FG moves to increase OPEC quota to 2m barrels per day

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said Nigeria will demand a higher oil production quota at the nex

Dangote plans sale of 10% stake in refinery, targets 1.4m bpd capacity

The President and founder of Dangote Group, Aliko Dangote, has hinted on the Dangote Petroleum Refinery plans to sell between five per cent to 10 per

TEF has empowered 24,000 African entrepreneurs – Elumelu

Founder of the Tony Elumelu Foundation, Mr. Tony Elumelu has stated that the Foundation has so far empowered 24,000 young African entrepreneurs with o

FG kicks off port upgrade projects outside Lagos

The Federal Government has commenced port upgrade projects in states outside Lagos, as part of its efforts to boost maritime operations and economic g