Business News
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203FG to Construct Super Grid to End Incessant Power Collapse
In a bid to stop incessant national grid collapse, the Federal Government has concluded plans to construct what it called a super...
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212Oil Prices Fall as Weak Demand Overshadows Libya Blockade
Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the...
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206Global Stocks Erase Gains as Dollar Resumes Rally
Asian equities were flat and the dollar and yen rallied against peers in a sign of defensive posturing as traders prepare for...
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210Business Activities Stalled in August –PMI
Business activities in the private sector were broadly stagnant in August, according to the Stanbic IBTC Bank Purchasing Manager Index released on...
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184Fears Over Energy Tax Rises as Business Confidence Falls
Raising the windfall tax on the UK’s oil and gas companies will hit the government’s main goal of growing the economy, the...
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181Oil Extends Losses on Prospect of Higher OPEC+ Supply
Oil prices extended losses on Monday on expectations for higher OPEC+ production starting in October and as signs of sluggish demand in...
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174DisCos reject 1,400mw Over Under-capacity
Electricity distribution companies, otherwise known as DisCos, were unable to take the full power generation in recent period, underlining a major challenge...
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164‘$6b Debts May Affect Petrol Supply’
Oil giant Nigeria National Petroleum Company Limited (NNPCL) yesterday admitted that its financial strain may affect the sustainability of petrol supply. Its...
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149FG Tasks Investors on Utilisation of NCDMB Intervention Funds
The federal government has tasked investors in the country to utilise the Nigerian Content Development and Monitoring Board (NCDMB) intervention funds for...
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208FCCPC Reads Riot Act to Traders, Market Associations, Others Over Undue Price Hikes
Executive Vice-Chairman/Chief Executive, Federal Competition and Consumer Protection Commission (FCCPC), Tunji Bello, yesterday read the riot act to traders, market leaders and...
