Business News
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1322025 Budget: FCTA Allocates ₦137b for Satellite Town Development
The FCT Administration has proposed the sum of N137 billion as capital expenditure for the Satellite Town Development Department in the 2025...
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105Dollar Outflow for Fuel Imports Surges 119%
The oil and gas sector more than doubled its demand for foreign exchange in 2024, rising by $1.23bn (119 per cent) year-on-year...
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367NUPRC to Raise Nigeria’s Active Oil Rigs to 50 by End of 2025, Says Komolafe
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed plans to raise the active oil rigs in Nigeria’s petroleum sector from the...
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391Oil Prices Slip as US, China Concerns Weigh
Oil prices slipped on Monday, weighed down by Moody’s downgrade of the U.S. sovereign credit rating and official data that showed a...
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321Nigeria Now Member of European Reconstruction, Dev’t Bank
Nigeria has been formally admitted as a member of the European Bank for Reconstruction and Development (EBRD), marking a step towards boosting...
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502FG Grants Regulatory Approvals for Kolmani Oil Project
President Bola Ahmed Tinubu has granted approval for the issuance of all critical regulatory licences for the Kolmani Integrated Development Projects. The...
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243FG Grants China Approval to Establish Electric Vehicle Factories
The Chinese Ambassador to Nigeria, Yu Dunhai, has harped on the imperative of enhanced collaboration between China and Nigeria in unlocking the...
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351
Oil Set for Second Weekly Rise on Trade War Truce
Oil prices held steady on Friday, heading for a second consecutive weekly gain due to easing U.S.-China trade tensions though a potential...
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515Ministry Asks OAGF to Halt Payments for Unverified Constituency Projects
The Federal Ministry of Special Duties and Intergovernmental Affairs has called on the Office of the Accountant General of the Federation (OAGF)...
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33830% Value Addition Bill will Boost GDP –RMRDC
The Director-General of the Raw Materials Research and Development Council, Nnanyelugo Ike-Muonso, on Thursday, said the proposed 30 per cent Value Addition...
