Business News
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55Buoyed by Portfolio Investments, Capital Importation Improves to $5.64 Billion in Q1
The country’s total capital importation stock increased by 10.86 per cent to $5.64 billion in the first quarter of the year (Q1...
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125Oil Drifts Lower on Rising Supply, Concerns About Demand
Oil prices drifted lower on Tuesday on oversupply concerns as OPEC+ moved ahead with another large output hike despite a weak demand...
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41Tinubu Voted Over ₦1.3tr for S’East Roads Revamp –Minister
President Bola Tinubu has allocated over N1.3tn to ongoing road and bridge infrastructure projects in the South-East, affirming the administration’s commitment to...
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103With over 1.8m Bpd Peak Oil Output in July, Nigeria Inches Towards Meeting 2025 Budget Benchmark
Nigeria’s hope of meeting its 2.06 million barrels per day crude oil production benchmark in the 2025 budget received a boost in...
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101OPEC Agrees to Raise Oil Output by 547,000 Bpd
The Organisation of Petroleum Exporting Countries (OPEC) and its allies known as OPEC+ on Sunday agreed to raise oil production by 547,000...
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130Fuel Imports Surge to 71% as Marketers Ditch Local Refineries
Fresh data from the downstream regulator of the oil sector has revealed that marketers have resumed large-scale importation of refined petroleum products,...
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162Nigeria, Benin Republic to Deepen Framework on Regional Trade Integration
The federal government and the Republic of Benin have agreed on a joint trade framework to eliminate bottlenecks, facilitate economic development, and...
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83Nigeria Produced 1.37 Trillion SCF of Gas in H1, Flared 101 Billion SCF
Nigeria recorded a total gas production of about 1.372 trillion Standard Cubic Feet (SCF) between January and June 2025, a considerable rise...
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89
Oil Slips as OPEC+ Proceeds with September Output Hike
Oil prices fell on Monday after OPEC+ agreed to another large production hike in September, adding to supply, but worries about disruptions...
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92220 Oil Blocks Abandoned Amid Debt, Crude Crises –NUPRC
Nigeria currently has 220 open oil blocks scattered across its onshore and offshore basins, data from the Nigerian Upstream Petroleum Regulatory Commission...
