Category: Business

ExxonMobil begins $1bn Usan project to boost Nigeria’s crude production

Esso Exploration and Production Nigeria (Offshore East) Limited, an affiliate of ExxonMobil, has commenced on-block...

NNPCL adopts performance-based funding model for state refineries

The Nigerian National Petroleum Company Limited has announced plans to end the practice of funding...

Federal workers demand N300,000 minimum wage, payment of arrears

The Federal Workers Forum has urged the Federal Government to approve a new national minimum...

NIPOST boss faces prison threat over alleged disobedience of court order

The National Industrial Court in Abuja has been asked to commit the Postmaster General of...

Manufacturers embrace local sourcing to cut high import costs

Nigeria’s manufacturers are increasingly embracing local sourcing and value addition as a survival strategy to...

OPEC+ approves 188,000bpd oil output increase for August

Seven members of OPEC+ have agreed to raise oil production quotas once again, approving an...

Discos lose 1.13 million customers despite record ₦2.32tn revenue

Electricity Distribution Companies have lost over 1.13 million customers amid lingering concerns over unreliable power...

South Africa reaffirms no compensation for Nigerians’ abandoned properties

Khumbudzo Ntshavheni, South Africa’s minister in the presidency, has reaffirmed the country’s position against compensating...

S’Africa, Egypt, Morocco top Africa’s ultra-wealthy hub rankings in 2026 – Report

South Africa, Egypt and Morocco have been ranked among the world’s leading hubs for ultra-high-net-worth...

Marriott ends 34-year Pepsi ties, signs global Coca-Cola deal

Marriott International, the world’s largest hotel company, has ended its 34-year beverage partnership with PepsiCo...

MPC member urged CBN to lower lending rates for businesses

The Central Bank of Nigeria has been urged to introduce additional measures to lower lending...

Business confidence steady at 104.6 points in June — NESG

Nigeria’s business environment remained in expansion in June 2026, though growth slowed from a year...