Business

Nigeria now keeps 61% of oil industry spending at home

Nigeria now keeps 61% of oil industry spending at home

When Nigeria passed its Local Content Act in 2010, less than five percent of activities in the country’s gas and…
Nigeria awards 37 oil blocks as investors face 90-day deadline

Nigeria awards 37 oil blocks as investors face 90-day deadline

Winning oil blocks is only the first hurdle for the 31 companies selected under Nigeria’s 2025 Licensing Round. The Nigerian…
Nigeria’s new e-invoicing rules: What large firms should expect

Nigeria’s new e-invoicing rules: What large firms should expect

For businesses with an annual gross turnover of five billion naira or more, July 31 is more than another compliance…
Petrol imports are falling. Cooking gas is telling a different story

Petrol imports are falling. Cooking gas is telling a different story

Nigeria’s energy story appears to be moving in two different directions. On one side, the country’s dependence on imported petrol…
Can e-waste become Nigeria’s next recycling boom?

Can e-waste become Nigeria’s next recycling boom?

A cracked smartphone or an outdated laptop does not usually look like a business opportunity. These devices usually end up…
NCDMB moves to audit oil and gas suppliers

NCDMB moves to audit oil and gas suppliers

Nigeria’s oil and gas regulators are preparing to conduct a joint audit of local manufacturers and service providers in a…
Businesses stay optimistic, but rising costs continue to slow growth

Businesses stay optimistic, but rising costs continue to slow growth

Nigeria’s private sector continued to grow in June, but businesses are finding it increasingly difficult to sustain momentum as high…
What Dangote’s jet fuel exports to Europe mean for Nigeria’s economy

What Dangote’s jet fuel exports to Europe mean for Nigeria’s economy

Nigeria’s rise as Europe’s largest external supplier of jet fuel is more than a milestone for the Dangote Petroleum Refinery.…
The race to replace imports: Manufacturers are sourcing locally

The race to replace imports: Manufacturers are sourcing locally

Not long ago, it was normal for Nigerian manufacturers to look overseas whenever they needed raw materials. Whether it was…
FCCPC vs petrol marketers: Why fuel prices remain a concern

FCCPC vs petrol marketers: Why fuel prices remain a concern

For millions of Nigerians, the price of petrol shapes almost every aspect of daily life. It determines transport fares, influences…
What e-invoicing deadline means for Nigerian businesses

What e-invoicing deadline means for Nigerian businesses

For many Nigerian businesses, issuing an invoice has long been a straightforward process. A company sells a product or service,…
NCDMB, NLNG celebrate Train 7 milestone as project creates 16,000 jobs

NCDMB, NLNG celebrate Train 7 milestone as project creates 16,000 jobs

Nigeria’s biggest gas expansion project is entering its final stretch, with NLNG confirming that construction of its Train 7 facility…
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