Economy

Nigeria’s oil and gas logistics giant, Intels Nigeria Limited, has said that its business has not been hindered by political influences from the present government. Intels had on Monday severed ties with its former shareholder, former...

The Nigerian Electricity Regulatory Commission (NERC) has denied increasing electricity tariff by 50 per cent. NERC’s Head of Public Affairs, Mr Micheal Faloseyi, in a statement in Abuja on Tuesday said: “The commission hereby state unequivocally...

The Federal Government has again increased the electricity tariff payable by power consumers across the country. This was contained in a revised Multi-Year Tariff Order (MYTO) signed by the new Chairman of Nigerian Electricity Regulatory Commission...

FCMB shares have recorded losses at the start of 2021 first trading day. According to data made available by the Nigerian Stock Exchange website, the bank’s shares lost 0.20k from the N3.33k it closed at on...

Former vice-president Atiku Abubakar has rid himself of business interests in Integrated Logistics Services Nigeria Limited (INTELS) — a company he co-founded more than three decades ago. A statement by his media adviser, Paul Ibe, on...

The Central Bank of Nigeria has fixed N2 billion as the minimum capital base for Mobile Money Operators (MMOs) in the country. They have also been authorised by the apex bank to hold customers’ funds under...