The Federal Government paid ₦471.6 billion in electricity subsidy bills in the fourth quarter (Q4) of 2024. This was disclosed in the Q4 2024 report released...
The Nigerian Electricity Regulatory Commission (NERC) has reported that neighbouring countries Benin Republic and Togo owe Nigeria a combined sum of $8.84 million for electricity supplied...
A coalition of petroleum product marketers and depot operators in Nigeria has accused Dangote Refinery of attempting to manipulate public sentiment against the Federal Government through...
Oil prices gained on Monday as fresh U.S. sanctions on Iranian crude exports lifted market sentiment despite ongoing uncertainty surrounding the broader geopolitical landscape. Brent crude...
Nigeria is facing a fresh round of fuel price pressures as international oil markets respond sharply to new U.S. sanctions on Iran with analysts projecting pump...
Oil prices extended their rally for the third consecutive session on Thursday, with Brent crude climbing above $72 per barrel, following new U.S. sanctions targeting a...
The Nasdaq Composite surged to a new high on Wednesday, rallying 1.4% to close at 17,750 points, as investors responded positively to the Federal Reserve’s decision...
Oil prices edged higher on Thursday as stronger-than-expected fuel demand in the United States and a weaker dollar bolstered crude oil demand. Brent crude oil, against...
Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in naira citing the need to align its sales proceeds with crude oil purchases...
Nigeria’s oil production remains under pressure despite the resumption of the Trans-Niger Pipeline, which was temporarily shut down following an explosion and fire. The pipeline, responsible...
