Business News
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162₦400b Oil Production Shortfall Threatens 2024 Budget
With Nigeria’s oil production consistently failing to meet budget benchmarks and allotted OPEC quotas, the industry’s regulators and operators have come under...
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174Blackout: NERC Rolls Out Tough Sanctions for Discos
The Nigerian Electricity Regulatory Commission has rolled out touch sanctions against Discos that commit infractions capable of inflicting pain on consumers. NERC...
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119UN Urged to Support Nigeria’s Economic Reforms
The Minister of Budget and Economic Planning, Abubakar Bagudu, has called on the United Nations (UN) to show more deliberate support for...
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221Govt. Interventions will Reflate the Economy –LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has hailed the establishment of the Presidential Economic Coordinating Committee tasked with turning around...
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200Stocks Slip With Euro on French Fiscal Concerns
European equity futures fell with Asian shares, and the euro weakened on concern about France’s post-election finances. CAC 40 Index futures dropped,...
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178FG Probes Fuel Smuggling, Cuts Supply to Border Towns
As part of measures to stop the smuggling of Premium Motor Spirit, popularly called petrol, from Nigeria to neighbouring countries, the Federal...
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143Oil Dips as Gaza Talks Ease Supply Disruption Woes; Storm Beryl in Focus
Oil prices dipped on Monday after rising for four weeks, as the prospect of a ceasefire deal in Gaza eased geopolitical tensions...
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229Global Equities Climb to Record Before Key US Data
As traders turn their attention toward Friday’s crucial US jobs data, global equities are scaling record highs. A gauge of global stocks...
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282Pension Fund Assets Rise by ₦470b, Hit ₦20.2tr
The nation’s pension fund assets rose from N19.75 trillion in April to N20.2 trillion in May 2024, rising by about N470 within...
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224Oil Prices on Track for Fourth Straight Week of Gains
Oil prices were little changed in Asian trade on Friday but were on track for a fourth straight week of gains and...
