Business News
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128Agric Road, Electrification Projects Gulp ₦18b –Report
A report on federal spending has revealed that agricultural access road projects and electricity installations gulped N17.98bn in 2024. The data, sourced...
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212Oil Prices Set for Weekly Gain on China Stimulus Optimism
Oil prices were little changed on Friday but were set for a weekly rise amid optimism economic stimulus efforts will prompt a...
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202Divestment: NAPE Urges FG to Fast-Track IOCs’ Exit from Onshore Operations
The Nigerian Association of Petroleum Explorationists (NAPE) has called on the federal government to facilitate the seamless exit of International Oil Companies (IOCs)...
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207FG Pleads With Nigerians to Protect Power Infrastructure
The Minister of Power, Adebayo Adelabu, has begged Nigerians to own the power infrastructure in their areas and ensure its protection from vandals....
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286
Oil Prices Rise in Thin Pre-Christmas Trade
Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by slightly positive market outlooks for the short term and stronger...
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129Govt Budgets ₦1tr for 468 Roads Construction, Rehabilitation
The Federal Government through the Ministry of Works plans to rehabilitate and construct a total of 468 roads and highways across the...
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229
Discos Reject 10% Load Offtake as ATC & C Losses Rise 4% in Q3
The perennial challenge of ‘load rejection’ by electricity Distribution Companies (Discos) in Nigeria continued in the third quarter of 2024, with the...
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240P’Harcourt Refinery Resumes Petrol Loading
After one week of inactivity, the Port Harcourt Refining Company has resumed the trucking out of Premium Motor Spirit otherwise called petrol....
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133
FG to pay ₦464b Subsidy as DisCos Generates ₦466b in Q3
The federal government incurred the sum of N464.12bn as subsidy payment in the electricity sector for the third quarter of 2024, a...
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131Marketers Slash Petrol Pump Price in Lagos, Abuja
Petrol prices yesterday crashed for the first time post-deregulation era. The crash can be attributed to a reduction in ex-depot price of...
