Business

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

TCN will need N2.779tr to complete 149 projects — Minister

The Minister of Power, Chief Adebayo Adelabu, has disclosed that the Transmission Company of Nigeria would need the sum of N2.779tr to complete over 1

Non issuance of revalidation letter stalls $27bn Escravos Seaport

The Chairman of Mercury Maritime Concession Company (MMCC), Rear Admiral Andrew Okoja (Rtd) has stated that the non issuance of a revalidation letter

NERC approves 375.63MW off-grid licences for coys in 9 months

The Nigerian Electricity Regulatory Commission (NERC) has approved 375.63MW off-grid and captive generation plant licences from January to September o

Global oil price hits $81 as US imposes sanctions on Russia

Brent rose above $81 per barrel on Monday as the global oil market responded to the latest aggressive sanctions on Russia’s oil industry by the United

OML120: General Hydrocarbon denies owing First Bank $225m

The General Hydrocarbons Limited, owners and operators of Oil Mining License, OML 120, Deep Offshore Nigeria, has insisted it was not owing First Bank