Business News
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50Imported Petrol Landing Cost Drops to ₦797.66/Litre
The landing cost of imported Premium Motor Spirit (petrol) dropped to N797 per litre on Monday, amid plans by oil marketers to...
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78Oil Gains on Mideast Risks, China Stimulus Plan and Data
Oil prices rose slightly on Tuesday, supported by instability in the Middle East as well as China’s stimulus plans and data, although...
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82Oil Prices Rise as US Vows to Keep Attacking Houthis
Oil prices traded higher on Monday after the United States vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its...
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80House Committee Recovers ₦28.7b from Two Oil Companies
The Public Accounts Committee of the House of Representatives has announced that two oil companies owing the Federation Account have collectively refunded...
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72Nigeria Imports ₦237.3b Solar Panels in 3 Months
Nigeria imported solar panels worth N237.3bn into the country in the last quarter of 2024. Data from the Foreign Trades Statistics produced...
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60Petroleum Industry Act: ₦300b Paid to Host Communities –FG
The federal government has urged the host communities to leverage on 3% Host Communities Development Trusts (HCDTs) to boost oil and gas...
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53States Plan ₦28.8tr Spending on Infrastructure
State governors have outlined ambitious plans to boost capital expenditure in states to address the infrastructure deficit in their various domains. The...
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66NUPRC, Others Sensitise on Communities’ Trust Fund
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in collaboration with Hostcom Project Management and Adversary Consult Limited, has urged Host Communities Development...
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117‘Increase in FDI will increase Government’s Revenue Profile’
A media organisation has described the $17 billion Foreign Direct Investments (FDI) in the oil and gas industry in 2024 announced by...
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141
Oil Bounces as Ukraine Ceasefire Deal Remains Elusive
Oil prices rebounded on Friday to recover some of their more than 1% losses in the previous session, partly due to diminishing...
