Business News
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525NNPC Approves ExxonMobil, Seplat ₦1.2b Asset Sale Deal
After over two years of administrative and bureaucratic delays, the Nigerian National Petroleum Company Limited (NNPC Ltd) has finally signed a settlement agreement...
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284‘FG not Paying Fuel Subsidy, but NNPCL can Intervene Routinely’
Minister of State, Petroleum (Oil), Heineken Lokpobiri, has attempted to clear the doubts expressed by oil and gas operators, economists, as well...
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296FG Rolls out CNG-powered Vehicles, Projects $10b Market
The Federal Government has commenced the rollout of Compressed Natural Gas-powered buses and tricycles beginning from Ilorin, the Kwara State capital. On...
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232Nigeria’s 2023 Oil Export to Indonesia Hit $3.8b
Nigeria exported crude oil and gas valued at over $3.8bn to Indonesia in 2023, the Indonesian Ambassador to Nigeria, Usra Harahap, has...
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271Fed Govt to Give Special Forex Access to GenCos
Minister of Power, Adebayo Adelabu, has said the Federal Government is planning to give electricity generation companies (GenCos) access to foreign exchange...
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213FG Targets Greenhouse Emission Reduction Through Decarbonisation
The Federal Government has backed a pioneering move towards a sustainable and environmentally-friendly future. It partnered with Bibigizer Africa Limited, a leading...
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170Asian Stocks, Bonds Fall as High Yields Hit Mood
Stocks, currencies and bonds across Asia slumped on Thursday, as US Treasury yields near this year’s high underscored uncertainty over the timing...
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352NNPC Uncovers 122 Illegal Refineries, Seals Fuel Station
The Nigerian National Petroleum Company Limited (NNPCL) has discovered a total of 122 illegal oil refining sites in the past week across...
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186Oil Advances as Major Producers Expected to Keep Output Cuts in Place
Oil prices rose in Asian trading on Wednesday on expectations major producers will maintain output cuts at a meeting this Sunday, and...
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182
Asian Stocks Retreat as Bond Selloff Spreads
Stocks and bonds in Asia traded lower Wednesday as traders assessed the impact of the jump in US Treasury yields overnight, and...
