Business News
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122NCDMB Mobilises Stakeholders to Boost Local Line Pipe Manufacturing
The Nigerian Content Development and Monitoring Board (NCDMB) has successfully built a strong consensus among key oil and gas industry stakeholders to accelerate...
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92New Railway Masterplan to Transform Sector in Five Years
The Nigerian Railway Corporation (NRC) has announced a comprehensive reform plan aimed at transforming the country’s rail sector within the next five years, with...
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93FG, Tanker Drivers Split Over 60,000 Truck Ban Enforcement
Despite a public announcement that trucks transporting more than 60,000 litres of hydrocarbon products would be prohibited from loading at depots and...
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68Petrol Imports Jump 105% to ₦15tr –NBS Report
Nigeria’s petrol imports surged in 2024, doubling despite an increase in domestic refining capacity, highlighting the country’s continued reliance on imported fuel,...
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68Oil Prices Decline as Tariff Uncertainty Keeps Investors on Edge
Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as...
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67NCDMB Acquires 20% Equity in 100bpd Refinery
The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 barrels per...
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72Market Operators Rally Stakeholders to Accelerate Gender Equality in Nigeria
Nigerian Exchange Group Plc (NGX), in collaboration with Central Securities Clearing System Plc (CSCS), hosted a high-impact symposium to mark International Women’s...
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145Nigeria Eyes 10,000MW Power Transmission Capacity
The Federal Government has announced plans to increase its power transmission capacity from 8,500 megawatts to 10,000MW by 2026 to enhance electricity...
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136Oil Set for Biggest Weekly Drop Since October on Tariff Uncertainty, Supply Gains
Oil prices were little changed on Friday but were set for their biggest weekly decline since October as the uncertainty around U.S....
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70FEC Approves ₦660b for 14 Road Projects Across Nigeria
The Federal Executive Council (FEC) has approved the rehabilitation and construction of 14 road projects across Nigeria worth N660.26 billion. David Umahi,...
