Business News
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293FG Deducts States’ ₦800b Allocations to Pay Foreign Debt
The Federal Government deducted N800bn from state allocations in 2024 to service foreign debts and other contractual obligations, according to the latest...
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158Oil Earnings Threatened as Explosion Rocks 450,000bpd Pipeline
Nigeria’s daily oil output might be affected following an explosion that rocked a section of the Trans Niger Pipeline in Bodo Community,...
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162Oil Slips After US-Russia Agreement on 30-Day Energy Ceasefire
Oil prices fell on Wednesday after Russia agreed to U.S. President Donald Trump’s proposal that Moscow and Kyiv stop attacking each other’s...
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141Asian Stocks Rise Amid Cash Rotation Out of US
Stocks in Asia rose for a fourth day, serving as a contrast to the US where a selloff continued. Gold rose to...
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152PMS: Reps Probe NMDPRA’s Handling of 5% Fuel User Charge
The House of Representatives has initiated a probe into the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the implementation and...
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137FG Inaugurates $60m LPG Extraction Gas, 20mw Gas to Power Plants in Rivers
The federal government has inaugurated a 12million cubic feet gas extraction plant and 20 megawatts gas power plant in Otakikpo, Ikuru, in...
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285Concerns Over Nigeria’s ₦55tr Budget as Crude Output Deficit Hits 390,000bpd
There are growing concerns over the federal government’s ability to fully implement Nigeria’s almost N55 trillion budget for 2025 as the deficit...
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120Asian Stocks Gain for Third Day as US Futures Slip
Asian stocks rose for a third day, buoyed by advances in Japan and Hong Kong, in an extension of a recent shift...
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178Fed Govt Seeks Studies on Blue Economy
The Vice President, Kashim Shettima has stressed the need for strategic studies on blue economy. Shettima spoke when he inaugurated 97 nominees of the...
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168Imported Petrol Landing Cost Drops to ₦797.66/Litre
The landing cost of imported Premium Motor Spirit (petrol) dropped to N797 per litre on Monday, amid plans by oil marketers to...
