Business News
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410Nation’s Industrial Growth: SON Vows to Continue to Protect, Growth of Local Manufacturers
The Director General, Standards Organisation of Nigeria (SON), Ifeanyi Chukwunonso Okeke, yesterday reiterated SON’s commitment to continue to protect and the growth...
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2.7KGlobal Stock Rally Extends, Dollar Pares Losses
Signs that the world’s largest economy is holding up lifted stocks a day after speculation about the fate of Federal Reserve Chair...
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2.7KStates Reject Electricity Act Amendment Bill
States’ Power Commissioners have formally rejected the proposed 2025 Electricity Act (Amendment) Bill, warning that it risks undermining recent reforms and placing...
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2.7KShocking Surge: Electricity Subsidy Jumps 220% to Nearly ₦2tr
The Federal Government’s electricity tariff subsidy jumped from N610bn in 2023 to N1.94tn in 2024, The PUNCH reports. This represents a 219.67...
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2.5KDiscos’ Revenue Soars 40% Y-o-Y in April as Monthly Billing Hits ₦257.5b
As the federal government continues to signal additional tariff increase for Nigeria’s electricity users, Distribution Companies (Discos) again posted a sharp 40...
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100Insurance Sector Assets Hit ₦4.2tr –Report
Nigeria’s insurance sector recorded 27.3 per cent growth in total assets year-on-year, to N4.2 trillion in the first quarter of 2025 (Q1...
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264Tariff Fears Drive Q1 Import Boom, Says WTO
Global goods trade picked up pace in the first quarter of 2025 as importers rushed to stockpile goods ahead of expected tariff...
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261Nigeria’s Oil Output Soars Above OPEC Quota
Nigeria’s average daily crude production rose above the quota allocated to it by the Organisation of the Petroleum Exporting Countries in June...
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253Nigeria’s US Exports Plummet by $527m Amid Rising Trade Tensions
The trade relationship between the United States and Nigeria has suffered a significant setback, as official data from the US Census Bureau...
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319SERAP Sues NNPCL Over ‘Failure to Account for Missing ₦825b, $2.5b Meant for Refinery Repairs’
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to...
