Industry & Money
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258Nigeria Cuts March OPEC Quota by 50,000bpd in Blow to 2025 Budget
The Organisation of Petroleum Exporting Countries (OPEC) reduced crude oil production last month, with curbs in Nigeria amounting to about 50,000 barrels...
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353Nigeria Expands Crude Oil Supply to Europe with Medium Sweet Obodo Blend
A new Nigerian crude grade, medium sweet Obodo, will hit the market in April, according to sources familiar with the matter, as...
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367Nigeria Explores CNG Technology to Power Defence, Industrial Vehicle Fleets
Minister of Foreign Affairs, Yusuf Tuggar, led a high-level delegation on a tour of UROVESA – a renowned Spanish manufacturer of military...
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751Broadband Penetration Hits 45.61% as Telecoms Contribution to GDP Decline to 13.94%
Broadband penetration in Nigeria has maintained a steady increase in the last one year, to reach 45.61 per cent with a total...
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340Pharmaceuticals Now Exempted From Import Duty, VAT –Customs
The Nigeria Customs Service has announced a two-year exemption from import duty and Value Added Tax for critical raw materials essential for...
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113Discos Rake in ₦509b Amidst Serial Grid Collapses
Electricity consumers paid a total of N509.84bn in the fourth quarter of 2024 despite enduring five grid collapses within the same period,...
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127Foreign Trade Through Maritime Rose 91% to ₦130.8tr
Foreign trade through maritime transport rose by 91 percent, Year-on-Year, YoY to N130.75 trillion in 2024 from N68.44 trillion in 2023. Vanguard...
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277Nigeria, Caribbean to Explore Investments in Agriculture, Energy, Others
Nigeria and other African countries said they are exploring investment partnerships in the Caribbean to drive growth in different sectors of the...
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275Dangote Refinery, Others May Import $1.4b Crude Monthly
The Dangote Petroleum Refinery and some modular refineries in Nigeria may spend about $8.56bn to import an estimated 122,400,000 barrels of crude...
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236Local Demand Suffers as Nigeria Exports 86% of Oil Output, 36% of Gas
The federal government’s ambition of industrialising the country may remain a pipedream, as it continues to export most of the country’s fossil...
