Business News
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23113m Nigerians to Benefit from World Bank’s $750m Renewable Scale-up Programme –Adelabu
The federal government yesterday disclosed that over 13 million Nigerians will benefit from the takeoff of the $750 million of Nigeria’s Distributed...
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179FG Approves Shell’s $2.4b Onshore Asset Sale to Renaissance
Renaissance Africa Energy Company Limited, a local oil and gas consortium, says it has received ministerial consent to acquire Shell Petroleum Development...
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178Nigeria to Generate $320m from Innovative Carbon Credit Initiative
The Executive Director, Operations and Technical, Tantita Security Service Ltd, Warredi Enisuoh, has said that through innovative carbon credit initiatives, Niger Delta...
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211FG’s Electricity Subsidies Rise 2.76% to ₦199.64b in Dec –NERC
The Nigerian Electricity Regulatory Commission, NERC, has disclosed that electricity subsidies payable by the Federal Government for the month of December has...
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194Senate Passes Bill on New Minimum Capital Requirement for Insurance Firms
The Senate passed a bill yesterday seeking to increase the capital base of risk-based insurance companies. It, nevertheless, reduced the figures proposed...
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238Oil Prices Nudge Down on Demand Concerns, Focus on Fed Meeting
Oil prices eased further on Tuesday as China’s economic data renewed demand concerns, while investors remained cautious ahead of the U.S. Federal...
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151FEC Approves €161m Siemens Power Project
The Federal Executive Council (FEC) has approved €161.33 million for the Siemens power project and N1.7 billion for the purchase of an...
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159Tinubu Lauds $5b Bonga North Investment
President Bola Tinubu has lauded the Final Investment Decision (FID) by Shell and its partners on the $5 billion Bonga North Deep...
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Oil Eases from Highest in Weeks, Investors Eye Fed Rate Cuts
Oil futures eased from their highest levels in weeks as traders took profit while waiting for a meeting of the Federal Reserve...
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158Marketers Negotiate with Refineries, NNPC for Cheaper Fuel
Hopes of cheaper petroleum products brightened yesterday as fuel retailers under the auspices of the Petroleum Products Retail Outlets Owners Association of Nigeria...
