Business News
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64Nigeria’s Oil Worth ₦341tr Locked in Undeveloped Fields –Report
Over 3.5 billion barrels of oil and condensate reserves are locked in undeveloped fields across different basins in Nigeria, according to reports...
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575FG to Review National Telecom Policy
The Ministry of Communications, Innovation and Digital Economy and the Nigerian Communications Commission (NCC) are collaborating to review the 2000 Telecoms Policy....
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468Governors Launch Platform to Attract FDIs, Say $2b Yearly Inflow Less Than 0.5% of GDP
State governors in the country yesterday floated an investment platform to enable the 36 states attract Foreign Direct Investments (FDIs). They said...
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508Nigeria Utilises Only 41% of Installed Generation Capacity Amid Stranded Power Crisis
The power sector in Nigeria has again highlighted the paradox that has defined its electricity supply chain, marked by significant installed generation...
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419PenCom Blacklists Seven Mortgage Banks Over Housing Loans Breach
The National Pension Commission has directed Pension Fund Administrators and Pension Fund Custodians to immediately stop accepting or processing equity contribution applications...
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351FIRS, Customs, Three Others Generated ₦21tr in H1
The Federal Government earned about N21.22tn as revenue from the activities of five revenue-generating agencies in the first six months of 2025,...
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487Oil Slips as Market Ponders Potential Russia-Ukraine Peace Talks
Oil prices slipped on Tuesday as market participants contemplated possible three-way talks involving Moscow, Kyiv and Washington to end the war in...
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354Power Supply Challenges Barrier to E-Vehicle Adoption –NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has identified poor electricity supply as a major challenge stalling Nigeria’s electric mobility transition....
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360
Nigeria Sustains Oil Production Above OPEC Quota
Nigeria’s average daily crude production rose to 1,507,000 barrels per day in July, according to a report by the Organisation of the...
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493Oil Prices Steady as Russia Supply Concerns Ease After Trump-Putin Meet
Oil prices were largely unchanged on Monday after a drop in early trade, as the United States exerted no further pressure on...
