Business News

Nigeria Records 56% Local Content Growth, Earmarks ₦15b for Community Financing

The Nigerian Content Development Monitoring Board (NCDMB) says it has recorded 56% Nigerian Content level growth in the oil and gas sector as...

139

Oil Prices Edge Up on Geopolitical Tensions, OPEC+ Supply Plans

Oil prices firmed on Wednesday as market participants weighed up geopolitical tensions and the prospect of OPEC+ extending supply cuts against weaker...

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Reps Probe Planned Retirement of 1,000 CBN Staff, ₦50b Payoff

The House of Representatives has set up an Adhoc Committee to investigate the planned retirement of over 1000 staff by the Central...

102

FG to Impose Daily Penalties on Discos for Unmigrated Meters

The Nigerian Electricity Regulatory Commission has directed power distribution companies to conclude the migration of Standard Transfer Specification Meters for all their...

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Senate Passes MTEF, Probes NNPCL Over ₦8.4tr Subsidy Funds

As President Bola Tinubu prepares to present the 2025 budget to the National Assembly this week, the Senate, on Tuesday, gave its...

119

Oil Prices Trade in Tight Range Ahead of OPEC+ Meeting

Oil prices were little changed on Tuesday, trading within a narrow range, as traders awaited the outcome of an OPEC+ meeting later...

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Inflationary Pressures Hamper Business Operations in November

Sustained rise in inflation rate has stagnated business operations in Nigeria with the Purchasing Managers’ Index, PMI, still below the 50.0 points...