Business News

How FG will Achieve 15% Inflation in 2025 –Presidency

The federal government has provided an explanation for how it will achieve the 15 percent projected inflation in the 2025 appropriation bill...

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FG Exempts Cooking Gas Importers from Duty Payment

The Federal Government through the Nigeria Customs Service has said that the importation of Liquefied Petroleum Gas (cooking gas) under HS Codes...

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13m Nigerians to Benefit from World Bank’s $750m Renewable Scale-up Programme –Adelabu

The federal government yesterday disclosed that over 13 million Nigerians will benefit from the takeoff of the $750 million of Nigeria’s Distributed...

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FG Approves Shell’s $2.4b Onshore Asset Sale to Renaissance

Renaissance Africa Energy Company Limited, a local oil and gas consortium, says it has received ministerial consent to acquire Shell Petroleum Development...

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Nigeria to Generate $320m from Innovative Carbon Credit Initiative

The Executive Director, Operations and Technical, Tantita Security Service Ltd, Warredi Enisuoh, has said that through innovative carbon credit initiatives, Niger Delta...

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FG’s Electricity Subsidies Rise 2.76% to ₦199.64b in Dec –NERC

The Nigerian Electricity Regulatory Commission, NERC, has disclosed that electricity subsidies payable by the Federal Government for the month of December has...

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Senate Passes Bill on New Minimum Capital Requirement for Insurance Firms

The Senate passed a bill yesterday seeking to increase the capital base of risk-based insurance companies. It, nevertheless, reduced the figures proposed...