Business News

Oil Rises as US Inventory Decline Heightens Supply Concerns

Oil prices gained for a second session on Thursday, supported by worries over supply amid U.S. sanctions on Russia, a larger-than-forecast fall...

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₦700b Required to Maintain Federal Roads Annually –FG

The Minister of State for Works, Mohammad Goronyo, has expressed concern that the current budgetary allocation to the Federal Roads Maintenance Agency...

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Epileptic Power: DISCOs Billing Drops 5.4% to ₦213b

The total amount billed to electricity customers by Distribution Companies (DISCOs) has dropped by 5.4% to N213.62 billion in October 2024 from...

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Escravos Seaport Deal Faces Brickwall as FG Revalidation Stalls

Promoters of Escravos Seaport Investment Complex (ESIC) has said that development of the project is yet to commence as they are yet...

Tax Reform Bill: ASUU Warns FG Not to Scrap TETFUND for NELFUND

The Academic Staff Union of Universities (ASUU), Sokoto Zone, has warned the federal government not to phase out the Tertiary Education Trust...

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Oil Inches Up, but Uncertainty Over Sanctions Impact Caps Gains

Oil prices rose on Wednesday trimming losses from the previous day, as the focus turned back to potential supply disruptions from sanctions...

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NCSP to Bolster China-Nigeria Economic Co-operation

The Director-General, Nigeria–China Strategic Partnership (NCSP), Joseph Tegbe, is currently visiting China to bolster China-Nigeria relations and to foster economic and sustainable...