Business News
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73NERC 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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66Oil 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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38Nigeria’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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37FG 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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79Nigeria’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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69In 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...
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87Oil Jumps as New US Sanctions to Curb Russian Supply to China, India
Oil prices extended gains for a third session on Monday, with Brent rising above $81 a barrel to its highest in more...
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41IGP Announces Enforcement of Compulsory Motor Third Party Insurance Feb 1
The Police will on February 1, 2025, commence the enforcement of compulsory Motor Third Party Insurance among motorists nationwide, Inspector-General of Police...
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155Oil Set For Third Straight Weekly Gain on Winter Fuel Demand
Oil prices rose in early Asian trade and were on track for a third straight week of gains with icy conditions in...
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136Tinubu Canvasses Increase in $2b Currency Swap Between Nigeria And China
President Bola Tinubu has called on the Government of the People’s Republic of China to increase the $2 billion currency swap between...
