Nigeria’s Dangote Oil Refinery has launched a fresh tender to sell 128,000 metric tons of residual fuel oil for April loading, signaling increased commercial activity from...
Seplat Energy Plc has announced that it will redeem the entire outstanding principal on its U.S. dollar-denominated notes issued under the April 1, 2021 indenture agreement...
Investor participation in the Central Bank of Nigeria’s (CBN) latest treasury bill auction fell sharply, despite the apex bank offering a sizable ₦800 billion worth of...
Liquidity conditions in Nigeria’s money market strengthened last week as total system liquidity rose by 62.3% to ₦2.2 trillion. According to a market update by Afrinvest,...
Electricity Distribution Companies (DisCos) across Nigeria recorded an improved collection efficiency of 77.44 percent in the fourth quarter of 2024 and generated ₦509.8 billion in revenue...
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...
Nigeria’s aviation sector may face major operational setbacks as three leading unions have issued a joint ultimatum demanding the immediate removal of a customs officer allegedly...
A powerful earthquake struck off the southern coast of New Zealand early Monday, sending tremors across the region and prompting thousands of residents to report the...
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...