Business News

Nigeria Attracts $1.27b Capital from BRICS Countries

Vice President Kashim Shettima has disclosed that Nigeria attracted $1.27bn in foreign capital from BRICS countries by June 2024, marking a significant...

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Nigeria Eyes 14,000MW of Electricity from Hydro

The Federal Government says Nigeria has enough water resources to generate 14,000 megawatts of electricity. This was as the Minister of Power,...

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P’Harcourt Refinery: Marketers Seek Speedy Completion of Road

Following the commencement of operations at the Port Harcourt refinery, oil marketers have called for the speedy completion of the Eleme Road...

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Oil 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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Nigeria 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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25 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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PH 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...