Business News
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142‘Mining Reforms Attracted $800m Foreign Investment’
Nigeria’s solid minerals sector, driven by the present administration’s new policy of local value addition and a licensing regime, attracted over $800...
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110Nigeria’s Foreign Trade in LC Rises 4% to $269.83m
Nigeria’s foreign trade through Letters of Credit (LC) grew by 4.4 percent year-on-year, YoY, to $269.83 million in the first four months...
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652025 Budget: FCTA Allocates ₦137b for Satellite Town Development
The FCT Administration has proposed the sum of N137 billion as capital expenditure for the Satellite Town Development Department in the 2025...
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80Dollar Outflow for Fuel Imports Surges 119%
The oil and gas sector more than doubled its demand for foreign exchange in 2024, rising by $1.23bn (119 per cent) year-on-year...
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300NUPRC to Raise Nigeria’s Active Oil Rigs to 50 by End of 2025, Says Komolafe
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed plans to raise the active oil rigs in Nigeria’s petroleum sector from the...
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333Oil Prices Slip as US, China Concerns Weigh
Oil prices slipped on Monday, weighed down by Moody’s downgrade of the U.S. sovereign credit rating and official data that showed a...
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269Nigeria Now Member of European Reconstruction, Dev’t Bank
Nigeria has been formally admitted as a member of the European Bank for Reconstruction and Development (EBRD), marking a step towards boosting...
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355FG Grants Regulatory Approvals for Kolmani Oil Project
President Bola Ahmed Tinubu has granted approval for the issuance of all critical regulatory licences for the Kolmani Integrated Development Projects. The...
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228FG Grants China Approval to Establish Electric Vehicle Factories
The Chinese Ambassador to Nigeria, Yu Dunhai, has harped on the imperative of enhanced collaboration between China and Nigeria in unlocking the...
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316
Oil Set for Second Weekly Rise on Trade War Truce
Oil prices held steady on Friday, heading for a second consecutive weekly gain due to easing U.S.-China trade tensions though a potential...
