Oil dips by 5% on weak China data
Crude oil prices slumped yesterday due to disappointing economic data from China, the world’s largest crude importer and second-largest consumer. The sharp fall in oil
Author : Our Reporter
19.64% inflation rate highest-ever in 17 years, says NBS
Nigeria’s inflation rate rose from 18.6% to 19.64% within a month, the National Bureau of Statistics said yesterday. The Bureau attributed the 17-year all-time high
N118bn, $309m fraud cases concealed under Magu – Panel
The presidential panel that probed former acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has revealed that 14 fraud cases involving N118
Eterna positions for gas market, decries high cost of doing business, forex scarcity
Eterna Plc has lamented over the unavailability of foreign exchange and unattractive high interest rates hindering the growth of oil and gas companies in the
Trade volume between Nigeria, India in 2021 was $14.95bn — Envoy
Indian High Commissioner to Nigeria, Gangadharan Balasubramanian, has said the volume of trade between both countries in 2021 was $14.95 billion. Balasubramanian disclosed this during
BOI secures additional €1 billion for onlending to MSMEs, large enterprises
The Bank of Industry (BoI) has announced the successful completion of €1 billion guaranteed senior loan facility to further enhance its capacity to deliver on
Labour directs electricity workers to begin industrial action tomorrow
Organized Labour has directed workers in the Power sector to down tools and commence an indefinite strike over pending Labour issues with the Transmission Company
Amid massive under-production, Nigeria posts record 9.4m barrels oil loss to shut-ins, others
Again, Nigeria has hit a new oil production loss record as a result of disruptions to its crude assets due to maintenance challenges, community issues
Energy transition without access unsustainable, says NECONDE boss
The Managing Director, Neconde Energy Limited, Monday Okoro, has said that clean energy access for all citizens, irrespective of location remains the surest bet for
Regional power pool plans liquidity fund to enhance electricity supply
The West African Power Pool (WAPP), is planning to create a Liquidity Enhancement Revolving Fund (LERF) for the region’s electricity market, the Transmission Company of
