Business News
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269NUPRC Sets 367.5mbbls Crude Production Target for Oil Firms in H1
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set a crude oil production target of 367.5 million barrels for oil firms operating...
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453RSA Holders Transfer ₦1.41tr in 16 Quarters –PenCom
Data from the National Pension Commission has shown that 312,771 Retirement Savings Account holders have moved about N1.41tn from one Pension Fund...
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298Oil Rises as Investors Return from Holidays, Eye China Recovery
Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery...
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334NNPC Announces Commencement of Production at Warri Refinery
The Nigerian National Petroleum Company Limited (NNPC) yesterday announced the restart of the 125,000 barrels per day (bpd) Warri Refinery and Petrochemical...
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328NERC Transfers Regulatory Oversight to Ogun Electricity Commission
Nigerian Electricity Regulatory Commission (NERC) has transferred electricity regulatory authority to Ogun State Electricity Regulatory Commission (OGERC) in jurisdictions within the state....
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260
Oil Rises on Expanding Chinese Factory Activity, But Set to End Year Lower
Oil prices rose on Tuesday after data showed China’s manufacturing activity expanded in December, but they are on track to end lower...
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351Two Million Meters for Consumers on Estimated Billing
The Federal Government intends to purchase and distribute two million pre-paid meters to electricity users on estimated billings before the end of...
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297Agric 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...
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325
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...
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302
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)...
