Business News
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70FG, NNPCL Work Out ₦7.7tr Fuel Subsidy Debt Payment
The Federal Government’s indebtedness to the Nigerian National Petroleum Company Limited as exchange rate differential (subsidy) for the importation of Premium Motor...
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90Oil Slides on OPEC+ Output Increase, US Tariff Uncertainty
Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April while markets braced...
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70House C’ttee Gives 72-hour Ultimatum to Eight Oil Companies Over ₦9.4tr Unremitted Royalties
The House of Representatives Committee on Public Accounts has given a 72-hour ultimatum to eight oil companies to appear before it and...
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92NNPCL, Dangote’s Price Reduction Excites Retailers
The Petroleum Retailers Outlet Owners Association of Nigeria, PETROAN, yesterday commended NNPC Retail Ltd for reducing the price of Premium Motor Spirit...
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106Euro, Stocks Gain as Europe Floats Ukraine Plan
The euro gained with Eastern European currencies as the region’s leaders scrambled to offer Ukraine their support amid concerns of a US...
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90Dangote Refinery Buys 1m Barrels of Oil from Algeria
Nigeria’s 650,000 barrels per day Dangote refinery has bought its first cargo of Algeria’s light sweet Saharan Blend crude, according to market...
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79‘Trump’s Tax Reforms May Reduce FDI in Nigeria’
The Nigerian Economic Summit Group (NESG) has warned that the US President, Donald Trump’s tax reforms may lead to a reduction in...
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115Oil Recovers as Upbeat Chinese Manufacturing Data Increases Some Optimism
Oil rose on Monday as upbeat manufacturing data from China, the world’s biggest crude importer, led to renewed optimism for fuel demand,...
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64FG Plans $122b Investment to Diversify Energy Sources
The Federal Government has announced plans to secure a total investment of $122.2bn to diversify the country’s energy sources, reduce dependence on...
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66
Reps Begin Probe of Oil Coys Over ₦9.4tr Debts
The House of Representatives has launched a probe into outstanding debts totaling N9.4 trillion owed the Federation Accounts by several oil companies....
