Business News
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2.3K₦5.6tr Debt: Energy Crisis Looms as Gas Firms Cut Supply
Nigeria faces the threat of nationwide blackouts as gas companies reduce their supply to power plants due to an outstanding N5.6 trillion...
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2.3KOil Prices Extend Losses on Oversupply, US Demand Concerns
Oil prices fell on Friday, adding to big declines in the previous session, as concerns about the possible softening of U.S. demand...
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2.3KMinister of Environment: Nigeria Working Towards Transition to Low-Sulphur Fuels
Minister of Environment, Balarabe Lawal, has revealed that Nigeria is presently working towards transition to low-sulphur fuels. Lawal disclosed this in Abuja...
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2.0KNUPRC: At 9,600 Bpd, Nigeria’s Crude Oil Losses Slumped to 16-Year-low in July
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday disclosed that the nation’s upstream oil sector had continued to witness a dramatic turnaround,...
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147Tinubu Orders Fresh Push to Crash Food Prices
President Bola Tinubu has ordered a Federal Executive Council committee to move swiftly on measures to further reduce food prices across the...
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2.3KOil Prices Edge Lower on Concerns About Weak US Demand, Oversupply
Oil prices retreated a tad on Thursday on weak demand in the United States and broad oversupply risks, which countered concern over...
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2.0KNigeria Signs $500m Clean Energy Pact with ISA
The agreement was formalized yesterday by the Minister of Power, Adebayo Adelabu, and ISA Director General, Ashish Khanna at the ISA’s Seventh...
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1.9KFG, ISA Unveil $500m Fund for Solar Growth
The Federal Government, in collaboration with the International Solar Alliance, has launched a $500m Distributed Renewable Energy Nigeria Fund to accelerate solar...
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2.0KRaw Shea Exports Suspended To Boost Global Competitiveness: Minister
Nigeria is positioning itself to become a global leader in the shea industry following President Bola Tinubu’s recent decision to temporarily suspend...
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FG Rolls Out Solar Hybrid Mini-Grids to Power Healthcare Centres Nationwide
Minister of Power, Adebayo Adelabu, disclosed this in Abuja during a meeting with state commissioners for energy on electricity development at the...
