Business News
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2.6KDistribution Companies’ Revenue Surges to ₦553.6b in Q1 2025
Revenues collected by Nigeria’s electricity Distribution Companies (Discos) rose to N553.63 billion in the first quarter of 2025, new data from the...
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143Nigeria, Netherlands Renegotiate Double Taxation Agreement
The Federal Inland Revenue Service and the Kingdom of the Netherlands commenced the renegotiation of the Double Taxation Agreement between Nigeria and...
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1.3KSenate Passes Landmark Law Mandating 30% Local Processing of Raw Materials Before Export
In a decisive move aimed at spurring industrialisation and boosting local manufacturing, the Senate has passed a bill requiring that all raw...
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226Businesses Sustain Positive Growth Momentum Despite High Prices
Businesses in Nigeria maintained a positive performance streak of 113.6 points as the Business Confidence Monitor (BCM) index remained in the expansion...
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2.5KNo Grid Collapse Incident in Q1 –NERC
There was no power system collapse nor disturbance in the first quarter of 2025, a major improvement in grid stability, according to...
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172Oil Producers Resisted Crude Supply to Dangote, Others –NUPRC
Efforts of the Nigerian government to mandate upstream oil producers to allocate a portion of their output to domestic refineries were resisted...
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2.6KStocks, Futures Slide on Trump’s Tariff Threat
Stocks fell along with equity-index futures as President Donald Trump ratcheted up trade tensions again ahead of next week’s deadline for higher...
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173FG, Kaduna Govt Partner on Light Rail Project
The federal government says it will be collaborating with the Kaduna state government on the development of light rail projects across the...
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2.3KFG Sets July Date for Petrol Pricing Summit
The Federal Government has fixed July 23 and 24, 2025, for a national stakeholder forum to address mounting concerns over petrol pricing...
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245We Sold Ibadan DisCo for ₦100b –AMCON
The Asset Management Corporation of Nigeria (AMCON), on Thursday, confirmed the sale of the Ibadan Electricity Distribution Company (IBEDC) for N100 billion....
