Business & Economy

West Power and Gas, looking to sell stake in Eko DisCo for $350 million 

West Power and Gas Ltd (WPG), the core investor in Eko Distribution Company, is considering selling its stake to raise $350 million and has...

Dangote Refinery begins exportation of first jet fuel to Europe – Report  

Dangote Refinery begins exportation of first jet fuel to Europe - Report The shipment includes 45,000 metric tons of jet fuel, which was allocated to...

Banks staff experience 44.3% increase in salaries as banks incur N800 billion in 2023 

Commercial banks in Nigeria spent N799.8 billion on staff salaries in 2023, a 44.3% increase from the previous year’s N554.2 billion, despite only a...

FG unveils 5.2 mmscfd of CNG plant in Lagos, plans six new stations nationwide

The Federal Government has inaugurated a 5.2 million standard cubic feet per day (mmscfd) Compressed Natural Gas (CNG) plant in Lagos in an attempt...

How tech startups in Nigeria can attract investments amid funding drought  

David Inyang and his co-founders struggled to secure favorable investment terms for their fintech startup Jiggle, resulting in the company closing in 2021 despite...

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