Business

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

REA seeks application for $750m World Bank power project

The Rural Electrification Agency (REA) has called on private developers to apply for the $5750m Distributed Access through Renewable Energy Scale-up (

CNG: FG targets 500 conversion centres by 2025

The Presidential Compressed Natural Gas Initiative (PCNGi) has said the total number of conversion centres in the country will reach 200 by the end of

MTN Nigeria makes three board appointments

MTN Nigeria Communications PLC has announced the appointment of three persons to join the Board of Directors of the Company effective 2 January 2025.

CBN restricts PoS agents to N1.2m daily transaction, N100,000 for customers

The Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million. The bank also introduced a

TotalEnergies, MRS, Sahara, others win 25 new oil blocks

TotalEnergies Exploration and Production Company, MRS Oil and Gas Limited, Sahara Deepwater Resources Limited, among 20 others emerged preferred bidde