Business

Eastern Ports Rehabilitation:  FG awards Escravos Channel dredging, breakwater reconstruction

As part of efforts to revitalize the Eastern ports, the Federal Government, through the Nigerian Ports Authority (NPA), has awarded the contract for the reconstruction of the dilapidated Escravos Channel at Warri Port, Delta State. Confirming the development, Mr. Ikechukwu Oyenmakara, General Manager of Corporate and Strategic Communication at the Nigerian Ports Authority, stated that […]
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Consumers paid N208.15bn for electricity in May — NERC

By Obas Esiedesa, Abuja Electricity consumers across Nigeria paid a total of N208.15 billion for power supplied in May 2026, as electricity distribution companies (DisCos) improved their revenue collection efficiency despite a decline in billing efficiency. This is contained in the Nigerian Electricity Regulatory Commission (NERC), Commercial Performance Factsheet for May 2026 which also showed […]

NESG says business confidence rising despite soaring costs

•But warns energy prices, credit squeeze threaten outlook By Babajide Komolafe Nigeria’s business environment recorded stronger expansion in July 2026 despite rising operating costs, but the Nigerian Economic Summit Group, NESG, has warned that surging energy prices, limited access to credit and other structural constraints could threaten the sustainability of the recovery. Presenting its August […]

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