Business News

To Attract Fresh Investment in Oil Sector, NUPRC Announces 2025 Licensing Round

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday moved to attract additional investment in the oil and gas sector, with the announcement...

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PNC to Drive High-Level Dealmaking, Fresh Oil Investment

As global markets evolve and energy producers seek resilient, localised supply chains, Nigeria’s growing local content capacity continues to position itself as...

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Approved Fields Can Unlock 1.7b Barrels of Oil, 7.7tcf Gas –NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that 43 Field Development Plans (FDPs) approved this year have the potential to...

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Foreign Currency Inflow into Nigeria Hits $5.15b in October

Nigeria has recorded high foreign inflows of $5.15 billion in October 2025, according to data from the FMDQ platform. The FX inflow...

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Nigeria Joins Unified West African Power Grid

The Nigerian Independent System Operator, in collaboration with the West African Power Pool Information and Coordination Centre, has successfully synchronised Nigeria’s national...

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Power Distributors’ Revenue Surges 43% to ₦1.5tr

Nigeria’s power distribution companies grew their revenue collections by about 43 per cent in the first eight months of 2025, raking in...

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Nigeria, Indonesia Deepen Trade Ties

Nigeria and Indonesia have reaffirmed their commitment to strengthening trade and investment relations as the Nigerian–Indonesian Chamber of Commerce and Industry hosted...