Business News
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134Oil Pauses Gains After Surging on Libyan Outages, Middle East Tensions
Oil prices paused their recent advances, receding on Tuesday after surging more than 7% in the previous three sessions on supply concerns...
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96FG to Summon Regulators, Producers to Address Current Hike in Cooking Gas Prices
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has said he would invite regulatory agencies and producers of Liquefied Petroleum...
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106Nigeria’s Economy Maintains Growth Trajectory
Recent data from the National Bureau of Statistics (NBS) revealed that the domestic economy sustained its positive growth momentum in Q2-24, as...
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108Global 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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100Power 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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112Fuel 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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185Oil 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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235Nigeria 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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195Metered 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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50Ajaokuta 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...
