Business News
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89Global Stocks Near Record on Count Down to Fed Cut
A gauge of global stocks traded near its record high Monday as the prospect of Federal Reserve interest rate cuts on the...
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88Power Sector Problems not Technical –Minister
The Minister of Power, Adedayo Adelabu, says the challenges facing the Nigeria electricity supply industry are not technical. Adelabu disclosed this in...
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96Fuel Scarcity Persists in Lagos, Others
At the weekend, the long petrol queues in Abuja appeared to have shortened in several parts of the Federal Capital Territory (FCT),...
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171Oil Set to End the Week Lower on Demand Concerns
Oil prices were little changed on Friday, on track to end the week lower, as downward revisions to U.S. employment data raised...
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220Nigeria Needs Significant Investments to Meet Energy Transition Goals –NEITI
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Orji Ogbonnaya Orji, said Nigeria will require substantial investments in the...
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177Metered Electricity Consumers Rise to 5.9 million –FG
The number of metered electricity consumers in Nigeria increased by 48.5 per cent between 2019 and 2024, the National Bureau of Statistics...
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42Ajaokuta Steel Company Risks Disconnection Over ₦1.27b Energy Debt
The moribund Ajaokuta Steel Company Limited risks being disconnected from the power grid over its failure to pay the N1.27bn electricity debt...
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181
‘Businesses, Households to be Metered before 2030’
The Minister of Power, Adebayo Adelabu, says President Bola Tinubu has ordered that all businesses, institutions, households, and industries be metered in...
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180Oil Slips on Higher US Crude Stocks, Easing Middle East tensions
Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing...
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205
Global Stocks Set for Longest Win Streak of 2024
European and US futures rose alongside Asian stocks, following a buoyant session on Wall Street amid bets the Federal Reserve will soon...
