Business News
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105FG Can’t Afford Minimum Wage Labour Wants –Finance Minister
The Minister of Finance, Wale Edun, has said Labour is asking for a minimum wage that is not affordable. He stated this...
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127₦3.7tr Debt Threatening Our Operations –GenCos
The Power Generation Companies (GenCos) have stated that over N3.7trn debt owed to the companies is threatening their operations and failure to...
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196Tax Committee Recommends ₦800/$ Customs Duty Rate
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended an exchange rate of N800 per dollar Customs import duty rate for...
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118FG secures $500m World Bank Loan to Fund Discos
The federal government has secured a $500 million loan from the World Bank to fund electricity Distribution Companies (DisCos). According to the Bureau...
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232NNPC Approves ExxonMobil, Seplat ₦1.2b Asset Sale Deal
After over two years of administrative and bureaucratic delays, the Nigerian National Petroleum Company Limited (NNPC Ltd) has finally signed a settlement agreement...
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137‘FG not Paying Fuel Subsidy, but NNPCL can Intervene Routinely’
Minister of State, Petroleum (Oil), Heineken Lokpobiri, has attempted to clear the doubts expressed by oil and gas operators, economists, as well...
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142FG Rolls out CNG-powered Vehicles, Projects $10b Market
The Federal Government has commenced the rollout of Compressed Natural Gas-powered buses and tricycles beginning from Ilorin, the Kwara State capital. On...
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87Nigeria’s 2023 Oil Export to Indonesia Hit $3.8b
Nigeria exported crude oil and gas valued at over $3.8bn to Indonesia in 2023, the Indonesian Ambassador to Nigeria, Usra Harahap, has...
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131Fed Govt to Give Special Forex Access to GenCos
Minister of Power, Adebayo Adelabu, has said the Federal Government is planning to give electricity generation companies (GenCos) access to foreign exchange...
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94FG Targets Greenhouse Emission Reduction Through Decarbonisation
The Federal Government has backed a pioneering move towards a sustainable and environmentally-friendly future. It partnered with Bibigizer Africa Limited, a leading...
