Business News
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159Afreximbank Powers Energy Transition with 10,000 bpd Investment
As global funding shifts away from fossil fuels, Afreximbank has committed to backing investors with capacity to produce 10,000 barrels of oil...
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122NNPC Plans Five Cooking Gas Plants in Kogi
The Chairman Senate Committee on Local Content, Natasha Akpoti-Uduaghan, has disclosed that the Nigerian National Petroleum Company Limited is set to establish...
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91Nigeria Records 56% Local Content Growth, Earmarks ₦15b for Community Financing
The Nigerian Content Development Monitoring Board (NCDMB) says it has recorded 56% Nigerian Content level growth in the oil and gas sector as...
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147Oil Prices Edge Up on Geopolitical Tensions, OPEC+ Supply Plans
Oil prices firmed on Wednesday as market participants weighed up geopolitical tensions and the prospect of OPEC+ extending supply cuts against weaker...
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97Reps Probe Planned Retirement of 1,000 CBN Staff, ₦50b Payoff
The House of Representatives has set up an Adhoc Committee to investigate the planned retirement of over 1000 staff by the Central...
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110FG to Impose Daily Penalties on Discos for Unmigrated Meters
The Nigerian Electricity Regulatory Commission has directed power distribution companies to conclude the migration of Standard Transfer Specification Meters for all their...
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93Senate Passes MTEF, Probes NNPCL Over ₦8.4tr Subsidy Funds
As President Bola Tinubu prepares to present the 2025 budget to the National Assembly this week, the Senate, on Tuesday, gave its...
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125Oil Prices Trade in Tight Range Ahead of OPEC+ Meeting
Oil prices were little changed on Tuesday, trading within a narrow range, as traders awaited the outcome of an OPEC+ meeting later...
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124Inflationary Pressures Hamper Business Operations in November
Sustained rise in inflation rate has stagnated business operations in Nigeria with the Purchasing Managers’ Index, PMI, still below the 50.0 points...
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121Swiss Cement Maker Sells $1b Stake in Lafarge
Swiss cement maker Holcim will exit its Nigerian business through the sale of its nearly 84 per cent stake in Lafarge Africa...
