Business News
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99₦4tr Genco Debt Crippling Power Sector –NDPHC
The Niger Delta Power Holding Company (NDPHC) has called for an urgent presidential intervention to help address the severe liquidity crisis affecting...
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197$5b Africa Energy Bank Gains Momentum with Contributions from Nigeria, Angola, Ghana
In a significant development for Africa’s energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy...
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183Net FX Reserves Surged to $23.11b in 2024 –CBN
Nigeria’s net foreign exchange reserves rose significantly to $23.11bn at the end of 2024, marking the highest level in over three years,...
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155FG Withdraws Allocation of 1,357 Housing Units Over Default Payment
The Federal Government has revoked the provisional allocation of houses under the National Housing Programme for 1,357 beneficiaries across 33 states due...
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155Oil Steadies as Market Awaits Fresh US Tariffs
Oil prices steadied in thin trading on Wednesday after falling in the previous session on concerns that new U.S. tariffs, set to...
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176Tinubu Sacks Kyari, Akinyelure, Appoints Bayo Ojulari as New GCEO of NNPCL
President Bola Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the Chairman, Pius Akinyelure...
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237EU Proposes Trade, Investment Dialogue with Nigeria
The European Union (EU) has proposed the creation of a formal trade and investment dialogue framework with Nigeria to unlock further opportunities...
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197FG to Facilitate Concessions of Major Highways
The Federal Government has said that the Highways Management and Development Initiative will facilitate the concessions of major highways to improve road...
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201Oil Holds Near One-Month High, Set for Third Week of Gains Amid Supply Woes
Oil prices eased a touch but held near one-month highs on Friday as they headed for a third weekly gain on a...
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218Delta Gov Unveils $1b Oil Palm Investment, Targets 288,700 Jobs
Governor Sheriff Oborevwori of Delta State has unveiled a plan to attract nearly $1 billion in development finance for Delta State’s oil...
