Business News
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121FG, Tanker Drivers Split Over 60,000 Truck Ban Enforcement
Despite a public announcement that trucks transporting more than 60,000 litres of hydrocarbon products would be prohibited from loading at depots and...
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130Petrol Imports Jump 105% to ₦15tr –NBS Report
Nigeria’s petrol imports surged in 2024, doubling despite an increase in domestic refining capacity, highlighting the country’s continued reliance on imported fuel,...
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86Oil Prices Decline as Tariff Uncertainty Keeps Investors on Edge
Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as...
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88NCDMB Acquires 20% Equity in 100bpd Refinery
The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 barrels per...
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94Market Operators Rally Stakeholders to Accelerate Gender Equality in Nigeria
Nigerian Exchange Group Plc (NGX), in collaboration with Central Securities Clearing System Plc (CSCS), hosted a high-impact symposium to mark International Women’s...
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186Nigeria Eyes 10,000MW Power Transmission Capacity
The Federal Government has announced plans to increase its power transmission capacity from 8,500 megawatts to 10,000MW by 2026 to enhance electricity...
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166Oil Set for Biggest Weekly Drop Since October on Tariff Uncertainty, Supply Gains
Oil prices were little changed on Friday but were set for their biggest weekly decline since October as the uncertainty around U.S....
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138FEC Approves ₦660b for 14 Road Projects Across Nigeria
The Federal Executive Council (FEC) has approved the rehabilitation and construction of 14 road projects across Nigeria worth N660.26 billion. David Umahi,...
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164‘Nigeria can Earn $2.5b from Trades with Morocco’
Speaker of the House of Representatives, Abbas Tajudeen, yesterday said that trade relations between Nigeria and the Kingdom of Morocco could yield...
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165Oil Climbs from Multi-Year Low, Tariff Concerns and Rising Supply Weigh
Oil prices rose on Thursday after heavy sell-offs drove the market to a multi-year low, however tariff uncertainties and a rising supply...
