Business

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

OML 18: NNPC, Sahara Group’s 2.2mb FSO to boost oil output

The NNPC Limited, Sahara Group, Eroton E&P, and Bilton Energy Ltd. have commissioned Nigeria’s first wholly owned 2.2 million-barrel capacity Floa

Explainer: Inside new CBN rule that pegged POS agents’ daily transaction to N1.2m

The Central Bank of Nigeria has capped daily cumulative transactions per agent at N1.2 million in the newly introduced operational guidelines for agen

Dangote refinery shouldn’t be undermined – Sanusi, Kukah, Others

Some leaders of thought yesterday weighed in on the industrial dispute involving the Dangote refinery and the Petroleum and Natural Gas Senior Staff A

Shea nut prices rebound after brief decline

Shea nut prices in Nigeria are stabilizing after a brief dip that followed the Federal Government’s ban on raw exports. Prices, which fell sharply in

Nigeria’s gas reserves now 210.54trn cubic feet – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that the national gas reserves have increased to 210.54 trillion cubic feet (