Business

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

Trademark: Rite Foods slams N1.6bn suit on Mamuda

Rite Foods Limited (“Rite Foods”), the Nigerian manufacturer of Fearless energy drink, has raised fresh concerns over the conduct of Mamuda Beverages

GenCos to meet Tinubu over N4tr debt

The minister of Power, Adebayo Adelabu has proposed a meeting between President Bola Ahmed Tinubu and owners of electricity Generating Companies (GenC

CBN returns to profitability, posts N38.8bn in 2024

The Central Bank of Nigeria has posted a positive balance sheet for 2024, revealing a surplus of N38.8 billion. This positive result is coming after r

OPEC approves hike in oil production despite weak prices

The Organisation of Petroleum Exporting Countries (OPEC) has agreed to increase oil production for the second time in two months, adding 411,000 barre

Dangote, NASSI forge ties to boost investments in Nasarawa

The Nigeria Association of Small-Scale Industrialists (NASSI), Nasarawa State Chapter, is partnering with Dangote Industries Limited (DIL), to drive f