Business News
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254NNPC Acquires Equipment for New 40 CNG Stations
The Nigerian National Petroleum Company Limited has acquired equipment and other necessary items to set up an additional 40 Compressed Natural Gas...
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161Shifting Fed Views Boost Yields, Weigh on Stocks
A selloff in global bonds resumed, weighing on Asian shares as risk appetite stayed subdued given the prospect of less aggressive Federal...
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154Oil Slips on Higher US Crude Stockpiles
Oil prices dipped on Wednesday after industry data showed U.S. crude inventories swelled more than expected, though declines were capped as the...
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119FCCPC Engages DisCos on Replacement of Phased-out Metres
The Federal Competition and Consumer Protection Commission (FCCPC) has disclosed that it is partnering with stakeholders to address the ongoing concerns regarding...
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135NUPRC Blocks Shell’s $2.4b Asset Sale, Approves $1.2b Exxon-Seplat Deal
Nigeria has blocked Shell’s sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil, Nigeria...
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135Petrol Prices Soared 64%, Cooking Gas 60% in One Year –Report
The rising cost of energy has continued to take its toll on Nigerians, with petrol prices soaring by 64 per cent year-on-year,...
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154UK Borrowing Rises Ahead of Budget
Government borrowing rose last month, marking the third-highest September since records began in January 1993. Official figures show that borrowing – the...
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125FG to Sue DisCos Over Failure to Upgrade Old Installations
The Nigerian Electricity Management Services Agency (NEMSA) has disclosed plans to take legal action against electricity Distribution Companies (DisCos) that fail to...
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109Oil Prices Dip as Geopolitical Risks Stabilise
Oil prices eased on Tuesday as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East and...
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162FG’s Tax Reforms Prioritise Local Manufacturing, SMEs
The ongoing tax reform process being embarked upon by the federal government is set to prioritise local manufacturers, small and medium-scale enterprises...
