Business News
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101U.S, Nigeria Partner on $2m Grant for Fiber Optic Infrastructure
The United States and Nigerian governments have signed a $2,095,000 grant to evaluate the feasibility of deploying over 90,000 kilometers of fiber...
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139IPMAN Seeks Govt Support to Deploy CNG Stations
The Independent Petroleum Marketers Association of Nigeria has sought the Federal Government’s financial backing to upgrade their stations to refuelling points for...
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212Nigeria Urges Global Financiers to Invest in Airports
The Minister of Aviation and Aerospace Development, Festus Keyamo, has urged global financiers to invest in the concession of Murtala Muhammed International...
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140NERC Approves 375.63MW Off-grid Licences for Coys in 9 months
The Nigerian Electricity Regulatory Commission (NERC) has approved 375.63MW off-grid and captive generation plant licences from January to September of 2024. Analysis...
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144NERC Completes Transfer of Regulatory Oversight to Four States
The Nigerian Electricity Regulatory Commission (NERC) has completed the transfer of regulatory oversight to four States. The states are Enugu, Ekiti, Ondo,...
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133Oil Prices Remain Near 4-month Highs as Russia Sanctions Weighed
Oil prices eased on Tuesday but remained near four-month highs as the impact of fresh U.S. sanctions on Russian oil remained the...
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106Nigeria’s Oil, Condensate Output Rise 30m Barrels Y-o-Y Amid Anti-crude Theft Fight
Compared to 2023, Nigeria’s total crude oil and condensate production rose by 30 million barrels in 2024, about 5.6 per higher than...
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100FG Working to Eliminate Grid Collapse –Power Minister
The Federal Government yesterday said it is working to eliminate grid collapse from the nation’s power sector in the long term. The...
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143Nigeria’s Foreign Trade by LC Payments Down 52.5% YoY to $506.1m
The Central Bank of Nigeria (CBN) has revealed that Nigeria’s foreign trade by Letter of Credit (LC) payments depreciated by 52.5 per...
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135In Key Breakthrough, NUPRC Data Confirms Nigeria’s 1.5 Million bpd OPEC Oil Output
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Nigeria’s crude oil production reached 1.5 million barrels per day in December...
