Business News
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226FG 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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309Oil 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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184Govt 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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253Discos 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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262P’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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188
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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150Marketers 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...
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186Oil Gains as Cooling US Inflation Points to Possible Easing
Oil prices rose on Monday as lower-than-expected U.S. inflation data revived hopes for further policy easing, although the outlook for a supply...
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162₦20b Auto Finance Scheme Kicks Off January –NADDC
The National Automotive Design and Development Council, NADDC, says it will commence disbursement of a N20 billion automobile consumer credit fund from...
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173Stocks Rise on Fed Cut Bets; Dollar Stabilizes
Asian stocks rebounded from last week’s selloff as muted US inflation helped reignite Federal Reserve rate cut bets. The dollar steadied after...
