Business News
-
142Reps Probe Planned Retirement of 1,000 CBN Staff, ₦50b Payoff
The House of Representatives has set up an Adhoc Committee to investigate the planned retirement of over 1000 staff by the Central...
-
126FG to Impose Daily Penalties on Discos for Unmigrated Meters
The Nigerian Electricity Regulatory Commission has directed power distribution companies to conclude the migration of Standard Transfer Specification Meters for all their...
-
138Senate Passes MTEF, Probes NNPCL Over ₦8.4tr Subsidy Funds
As President Bola Tinubu prepares to present the 2025 budget to the National Assembly this week, the Senate, on Tuesday, gave its...
-
139Oil Prices Trade in Tight Range Ahead of OPEC+ Meeting
Oil prices were little changed on Tuesday, trading within a narrow range, as traders awaited the outcome of an OPEC+ meeting later...
-
141Inflationary Pressures Hamper Business Operations in November
Sustained rise in inflation rate has stagnated business operations in Nigeria with the Purchasing Managers’ Index, PMI, still below the 50.0 points...
-
141Swiss Cement Maker Sells $1b Stake in Lafarge
Swiss cement maker Holcim will exit its Nigerian business through the sale of its nearly 84 per cent stake in Lafarge Africa...
-
130Oil Rises on Upbeat China Data, Shaky Israel-Lebanon Ceasefire
Oil prices rose on Monday, supported by upbeat factory activity in China, the world’s second largest oil consumer, and as Israel resumed...
-
138PH Refinery: Low-key Operation Begins, Marketers Oppose ₦1,030/Litre
The Port Harcourt Refining Company has clarified that its operations were not completely halted but scaled down to facilitate improvements at the...
-
132FG Pays ₦22.29/Kwh for Band A Customers
Checks on the Multi Year Tariff Order (MYTO) issued by the Nigerian Electricity Regulatory Commission (NERC) for November showed that the tariff...
-
116Transport Fare Moderated 18.72% YOY in October –NBS
Despite the increase in the fuel pump price, the National Bureau of Statistics (NBS) has stated that there was a drop in...
