Business

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

500,000 bpd crude for local refineries diverted abroad — PETROAN

The national president of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Dr Billy Grills Harry, has raised concerns th

CBN restricts BDCs to $25,000 fx weekly, one dealer bank

The Central Bank of Nigeria (CBN) yesterday released new guidelines which permits Bureau de Change (BDC) operators to purchase up to $25,000 weekly fr

Chinese firm establishes $200m lithium processing factory in Nasarawa

A Chinese firm, Jiuling Lithium Mining Company, says it has concluded plans to invest over 200million dollars in the establishment of a lithium proces

Jigawa has potential to provide electricity for 1m persons with solar – REA

The Managing Director of the Rural Electrification Agency  (REA), Engr Abba Abubakar Aliyu, has stated that Jigawa State could provide electricity for

We’ll implement N32,000 pension increment, PTAD assures pensioners

The Pension Transitional Arrangement Directorate says it will implement the recently approved N32,000 pension increment for retirees under the Defined