Business News

FIRS, Customs, Three Others Generated ₦21tr in H1

The Federal Government earned about N21.22tn as revenue from the activities of five revenue-generating agencies in the first six months of 2025,...

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Oil Slips as Market Ponders Potential Russia-Ukraine Peace Talks

Oil prices slipped on Tuesday as market participants contemplated possible three-way talks involving Moscow, Kyiv and Washington to end the war in...

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Power Supply Challenges Barrier to E-Vehicle Adoption –NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has identified poor electricity supply as a major challenge stalling Nigeria’s electric mobility transition....

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Nigeria Sustains Oil Production Above OPEC Quota

Nigeria’s average daily crude production rose to 1,507,000 barrels per day in July, according to a report by the Organisation of the...

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Oil Prices Steady as Russia Supply Concerns Ease After Trump-Putin Meet

Oil prices were largely unchanged on Monday after a drop in early trade, as the United States exerted no further pressure on...

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UNDP, REA Launch Partnership to Drive Nigeria’s Clean Energy Agenda

The United Nations Development Programme (UNDP) and the Rural Electrification Agency (REA) have formalised a ‘landmark’ partnership to accelerate Nigeria’s clean energy...

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Nigeria’s Factories Go Local to Survive Currency Turmoil

Nigeria’s manufacturing sector is turning inward for survival as the impact of the naira devaluation and foreign exchange scarcity continues to reshape...