Business

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

NDDC urged to follow legal advice to minimize operational losses

The Niger Delta Development Commission (NDDC) has been advised to strengthen its reliance on legal guidance in all aspects of its operations to avoid

We’re monitoring compliance with recapitalisation deadline – CBN

The Central Bank of Nigeria (CBN) has stated that it is closely monitoring Banks to ensure compliance with the recapitalisation deadline. Acting Direc

23 states pass laws to regulate electricity market

The Forum of Commissioners for Power and Energy (FOCPEN) has stated that 23 states have already passed enabling laws to establish their electricity ma

FCCPC seals Chivita|Hollandia’s acquisition by UAC

UAC of Nigeria PLC (UAC) says it has completed the acquisition of Chivita|Hollandia (CHI Limited). This followed approval from the Federal Competition

Naira rallies to N1,455/$; reserves hit $43bn

The positive rally of the local currency against the dollar continued yesterday with the naira exchanging at N1,455 to one dollar even as forex specul