Business News
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356NNPC Grows Revenue to ₦6tr in May
The Nigerian National Petroleum Company Limited generated a total revenue of N6.008tn in May 2025, marking a marginal increase from the N5.972tn...
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351Oil Firms Remitted ₦57b to Host Communities –FG
Oil and gas companies operating in Nigeria remitted a total of N57.07bn to Host Community Development Trusts in 2024, the Nigerian Upstream...
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637Oil Eases on Expectations of More OPEC+ Supply, Tariff Fears
Oil prices edged down on Tuesday, weighed by expectations of an OPEC+ output hike in August and concerns of an economic slowdown...
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318Underwriters Earn ₦1.6tr in 2024, Pay ₦622b Claims
The Nigerian insurance industry last year recorded gross written premiums (GWP) of N1.56 trillion, marking a 56 per cent increase from the...
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737Nigeria Exports 82% of Crude as Local Refineries Starve
Amid cries of crude shortage by local refineries in Nigeria, the country exported 82 per cent of its crude oil in the...
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706United States, Nigeria Deepen Cooperation, Expand Opportunities for Mutual Prosperity
Senior representatives of the United States and Nigerian governments, along with business leaders from both countries’ private sectors, have convened in Abuja...
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343Tinubu’s Electricity Act: Seven States Take Charge of Power Regulation
Power sector operators and experts have raised concerns, expressed fears and projected opportunities as some states assumed responsibilities for regulating electricity markets...
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162UK Reaffirms Commitment to Nigeria with 99% Duty-Free Access Under DCTS
The United Kingdom (UK) has confirmed that Nigeria will continue to enjoy duty-free access on 99% of total goods exported to the...
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410FG to Sign Over 30 MoUs as Second Nigeria-Brazil Dialogue Kicks Off Monday
The federal government is ready to sign over 30 memoranda of understanding (MoUs) as Nigeria prepares to host the second session of...
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300‘Nigeria-China Arbitration Pact to Transform Cross-Border Business’
A cooperation agreement between the Nigerian Institute of Chartered Arbitrators (NICArb) and the China International Economic and Trade Arbitration Commission (CIETAC) is...
