FG targets $1.5bn FDI from tourism in 4 years
The federal government is targeting $1.5bn foreign direct investment (FDI) from tourism in the next four years. The projected amount would be three ti
Business
All the recent business news in Nigeria, economy and industry updates.
Again, CBN jacks up interest rate to 27.25 percent
The Central Bank of Nigeria (CBN) has again raised the Monetary Policy rate by 50 basis points to 27.25 from 26.75 percent. The committee also retains
Refineries in Europe, Asia face profit slump over new plants – Report
Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows following the springing up of new refineries
Electricity consumers owe DisCos N385.7bn in 2023
Electricity consumers across the country failed to pay the sum of 385.73bn electricity bills issued to them in 2023. According to the 2023 annual repo
Price of diesel rose by 64.58% in one year – NBS
The average retail price of Automotive Gas Oil (Diesel) increased by 64.58 per cent on a year-on-year basis from N854.32 per litre to N1,406.05 Per li