Business News
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168Natural Gas Supply to NLNG Reduces by 80% –Report
The operational crisis at NLNG Limited continues to deepen as the outage at its Bonny Island facility drags on, with natural gas...
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179Oil Falls as Market Eyes OPEC+ Output Increase, US Tariffs
Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns...
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173NACC’s Economic Agenda to Boost Trade Between Nigeria, US
The Nigerian-American Chamber of Commerce (NACC) has said that is charting a new path to strengthen trade relations between Nigeria and the United States...
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80Gencos Lament ₦4.7tr Debt as Power Generation Hits 5,713MW
As Nigeria’s power sector witnessed a rise in electricity generation, the companies behind power production have condemned the Federal Government’s failure to...
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148NNPC E&P Targets $20b Investment to Grow Oil, Gas Output in 5 Years
NNPC Exploration and Production Limited (NEPL), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC), has said it requires about $4 billion...
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126Nigeria, UK Strengthen Trade Relations for Economic Growth
Nigeria and the United Kingdom have committed to enhancing trade relations and driving economic growth through the implementation of Nigeria’s National Quality...
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97FG, 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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99
Oil 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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98House 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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107NNPCL, 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...
