Gold steadied after a record-breaking rally with continued economic and geopolitical uncertainty sustaining demand for the safe-haven asset. Bullion traded near $2,860 an ounce after adding...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused oil producers of diverting 500,000 barrels of crude oil meant for local refining to...
The cost of Premium Motor Spirit (PMS) at private depots declined by N27 from N952 per litre to N890 on Monday. The price adjustment follows the...
OPEC’s crude oil production declined following a fire outbreak at Iraq’s Rumaila oil field in January, according to a Bloomberg report. The Organization of Petroleum Exporting...
The Federal Government will spend N2.4 trillion on electricity subsidies in 2025, despite persistent power supply challenges and widespread outages affecting millions of Nigerians. The subsidy,...
Nigeria’s oil sector is set for a major shake-up as over 55 oil licences across various oil blocks in the Niger Delta approach their expiration before...
The Presidency has refuted claims of an imminent 65% increase in electricity tariffs, stating that media reports on the matter are misleading and a misrepresentation of...
The Federal Government has launched a $23.2 billion National Energy Compact (NEC) to accelerate Nigeria’s energy transition, tackle persistent power supply challenges, and expand access to...
Nigeria’s rice production declined from 8.9 million tonnes in 2022/2023 to 8.3 million tonnes in the 2024/2025 planting cycle despite ongoing government interventions to boost agricultural...
Gold prices held steady above $2,740 an ounce on Tuesday as traders balanced concerns over President Donald Trump’s tariff threats and the fallout from a global...
