Business News

Agric Road, Electrification Projects Gulp ₦18b –Report

A report on federal spending has revealed that agricultural access road projects and electricity installations gulped N17.98bn in 2024. The data, sourced...

177

Oil Prices Set for Weekly Gain on China Stimulus Optimism

Oil prices were little changed on Friday but were set for a weekly rise amid optimism economic stimulus efforts will prompt a...

165

Divestment: NAPE Urges FG to Fast-Track IOCs’ Exit from Onshore Operations

The Nigerian Association of Petroleum Explorationists (NAPE) has called on the federal government to facilitate the seamless exit of International Oil Companies (IOCs)...

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FG Pleads With Nigerians to Protect Power Infrastructure

The Minister of Power, Adebayo Adelabu, has begged Nigerians to own the power infrastructure in their areas and ensure its protection from vandals....

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Oil Prices Rise in Thin Pre-Christmas Trade

Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by slightly positive market outlooks for the short term and stronger...

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Govt Budgets ₦1tr for 468 Roads Construction, Rehabilitation

The Federal Government through the Ministry of Works plans to rehabilitate and construct a total of 468 roads and highways across the...

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Discos Reject 10% Load Offtake as ATC & C Losses Rise 4% in Q3

The perennial challenge of ‘load rejection’ by electricity Distribution Companies (Discos) in Nigeria continued in the third quarter of 2024, with the...