Business News
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74FG Inaugurates $60m LPG Extraction Gas, 20mw Gas to Power Plants in Rivers
The federal government has inaugurated a 12million cubic feet gas extraction plant and 20 megawatts gas power plant in Otakikpo, Ikuru, in...
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65Concerns Over Nigeria’s ₦55tr Budget as Crude Output Deficit Hits 390,000bpd
There are growing concerns over the federal government’s ability to fully implement Nigeria’s almost N55 trillion budget for 2025 as the deficit...
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77Asian Stocks Gain for Third Day as US Futures Slip
Asian stocks rose for a third day, buoyed by advances in Japan and Hong Kong, in an extension of a recent shift...
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78Fed Govt Seeks Studies on Blue Economy
The Vice President, Kashim Shettima has stressed the need for strategic studies on blue economy. Shettima spoke when he inaugurated 97 nominees of the...
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34Imported Petrol Landing Cost Drops to ₦797.66/Litre
The landing cost of imported Premium Motor Spirit (petrol) dropped to N797 per litre on Monday, amid plans by oil marketers to...
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62Oil Gains on Mideast Risks, China Stimulus Plan and Data
Oil prices rose slightly on Tuesday, supported by instability in the Middle East as well as China’s stimulus plans and data, although...
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67Oil Prices Rise as US Vows to Keep Attacking Houthis
Oil prices traded higher on Monday after the United States vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its...
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60House Committee Recovers ₦28.7b from Two Oil Companies
The Public Accounts Committee of the House of Representatives has announced that two oil companies owing the Federation Account have collectively refunded...
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42Nigeria Imports ₦237.3b Solar Panels in 3 Months
Nigeria imported solar panels worth N237.3bn into the country in the last quarter of 2024. Data from the Foreign Trades Statistics produced...
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43Petroleum Industry Act: ₦300b Paid to Host Communities –FG
The federal government has urged the host communities to leverage on 3% Host Communities Development Trusts (HCDTs) to boost oil and gas...
