Business News
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41Each Nigerian Household Spends ₦10,240 Monthly on Cooking Gas –NBS
A report by the National Bureau of Statistics (NBS) has stated households in Nigeria spend an average N10,239.7 on liquefied petroleum gas...
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141Oil Prices Rise More Than 1% Amid Concerns on Mideast Tensions
Oil prices climbed by more than 1% on Thursday, almost reversing previous session’s losses, as Middle East tensions came back into focus...
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31Price of Bag of Local Rice Rises 152% to ₦95,738
The price of a bag (50 kg) local rice rose year-on-year, YoY, by 152.9 percent to N95,738 in September 2024 from N37,853...
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177BPP Seeks to Amend Procurement Law to Boost Local Manufacturing
The Bureau of Public Procurement (BPP) has initiated moves to amend the Public Procurement Act (PPA) 2007 with a view to strengthening the...
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160NNPC Acquires Equipment for New 40 CNG Stations
The Nigerian National Petroleum Company Limited has acquired equipment and other necessary items to set up an additional 40 Compressed Natural Gas...
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114Shifting Fed Views Boost Yields, Weigh on Stocks
A selloff in global bonds resumed, weighing on Asian shares as risk appetite stayed subdued given the prospect of less aggressive Federal...
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112Oil Slips on Higher US Crude Stockpiles
Oil prices dipped on Wednesday after industry data showed U.S. crude inventories swelled more than expected, though declines were capped as the...
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76FCCPC Engages DisCos on Replacement of Phased-out Metres
The Federal Competition and Consumer Protection Commission (FCCPC) has disclosed that it is partnering with stakeholders to address the ongoing concerns regarding...
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85NUPRC Blocks Shell’s $2.4b Asset Sale, Approves $1.2b Exxon-Seplat Deal
Nigeria has blocked Shell’s sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil, Nigeria...
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80Petrol Prices Soared 64%, Cooking Gas 60% in One Year –Report
The rising cost of energy has continued to take its toll on Nigerians, with petrol prices soaring by 64 per cent year-on-year,...
