Business

Jennifer Adighije, Managing Director of Niger Delta Power Holding Company Limited, has called for presidential intervention to address the power sector’s liquidity crisis. She stressed the importance of settling over...

Nigeria is set to expand its crude oil portfolio with the introduction of a new medium sweet crude grade, Obodo. The Obodo crude grade, which will be produced by Nigerian...

Local refiners reported on Thursday that the persistent crude oil shortage has greatly affected investments in seven new and existing refineries across the country. They cautioned that without a stable...

The PUNCH reports that petrol pump prices may increase further due to the rising landing cost of imported PMS. This follows Dangote Refinery’s suspension of naira-based sales to local marketers...

PETROAN commended the Federal Government and NNPC Ltd. for reportedly keeping the revamped Port Harcourt refinery running non-stop for 180 days. After over 20 years of dormancy, the refinery was...

Despite experiencing five grid collapses in Q4 2024, electricity consumers paid a total of N509.84bn, according to The PUNCH. The Nigerian Electricity Regulatory Commission reported three total collapses and two...

Benin Republic and Togo owe Nigeria $8.84 million for electricity consumed in the fourth quarter of 2024, reports show. According to the Nigerian Electricity Regulatory Commission, which released a report...

Bitcoin and other major cryptocurrencies experienced significant gains in Monday's early trading, with Bitcoin reaching approximately $87,480, representing a 3.71% increase. Ethereum also saw a notable rise, climbing 4.05% to...

Nigerian billionaire businessman Tony Elumelu has urged global investors to support Africa’s economic transformation, highlighting the continent’s projected $450 billion GDP boost from the African Continental Free Trade Area (AfCFTA)...

The Nigerian Conservation Foundation (NCF) and its partners hosted the Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), Simon Stiell, along with his delegation, during their...