Business News
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193Oil Slips on Buildup in US Gasoline Stocks; Eyes on Weekend OPEC+ Meeting
Oil prices drifted lower on Thursday after a surprise jump in U.S. gasoline inventories, with investors focusing on the OPEC+ meeting this...
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229Nigeria Records 79% Reduction in Crude Oil Theft, 15% Decline in Revenue –NEITI
Nigeria recorded 79 per cent reduction in crude oil theft, 15% decline in oil and gas revenue as well as 8% decrease...
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21225 States to Benefit from $500m W’Bank Loan
No fewer than 25 state governments will be beneficiaries of the newly approved $500m World Bank loan to improve water resource management...
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161PH Refinery Commences Fuel Production After Several Postponements
After seven postponements, the Port Harcourt Refinery Company has finally commenced fuel production, promising a daily supply of about 200 trucks, as...
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158‘240,000 Jobs Created Through MSMEs Initiatives’
The Federal Government has created more than 240,000 direct jobs by enhancing the capacity of Micro, Small, and Medium Enterprises (MSMEs) across...
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125
Oil Prices Steady with Focus on Israel-Hezbollah Ceasefire, OPEC+ Policy
Oil prices steadied on Wednesday, with markets assessing the potential impact of a ceasefire deal between Israel and Hezbollah, and ahead of...
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143ECOWAS Launches Electronic Certificate of Origin to Facilitate Trade
In a bid to eliminate delays and facilitate the movement of locally made goods within member states, the Economic Community of West...
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161States Failed to Execute 40% of Capital Expenditure –Fitch
Credit ratings company, Fitch, has said that state governments in Nigeria do not execute 40 per cent of the capital expenditure in...
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149Unemployment Rate Dropped to 4.3% in Q2 –Statistics Bureau
Nigeria’s unemployment rate declined to 4.3 per cent in the second quarter of 2024, signalling improved labour market conditions. According to the...
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152States Tackle NNPCL Over Extra ₦1tr Subsidy Payment
The Nigerian National Petroleum Company Limited has requested an additional subsidy refund of N1.19 trillion for July 2024, citing exchange rate differentials...
