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Business Africa

DisCos Fail to Recover ₦202 Billion in Power Bills Within Three Months

Nigeria’s electricity distribution companies (DisCos) are grappling with deepening revenue collection challenges, having failed to recover over ₦202 billion in electricity bills within the...
Business Africa

Firms Increase Investment as Naira Shows Signs of Stability

A wave of cautious optimism is sweeping through Nigeria’s business landscape as the naira maintains a relatively stable exchange rate, prompting companies to ramp...
Business Africa

Nigeria’s Export Value Hits ₦20.6 Trillion in Q1 2025, Trade Surplus Widens

Nigeria recorded total exports valued at ₦20.598 trillion in the first quarter of 2025, according to data released by the National Bureau of Statistics...
Business Africa

FG’s $5 Billion Oil-Backed Loan from Aramco Stalled by Falling Oil Prices and Production Woes

The Federal Government’s proposed $5 billion oil-backed loan from Saudi oil giant Aramco has been significantly delayed, as declining oil prices and underwhelming domestic...
Business Africa

Lease Controversy Rocks Rivers Port Terminal Concession

A growing controversy has engulfed the concession of Terminal B at the Rivers Port in Port Harcourt, as federal lawmakers and regulators intensify investigations...
Business Africa

Nigeria to Host Inaugural International Civil Service Conference, Aiming to Drive Public Sector Innovation

Nigeria is set to host the maiden edition of the International Civil Service Conference from June 25 to 27, 2025, in Abuja, in what...
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