NNPCL, TotalEnergies Sign $550m Investment Deal for Ubeta Field Project The Nigerian National Petroleum Company Limited (NNPCL) and TotalEnergies JV have announced a $550 million final investment decision for the Ubeta Field Development Project. On Thursday, the duo signed the deal which is expected to yield...

Petrol Price Rises by 223%, Sells N770 per litre in May - Report The National Bureau of Statistics says the average price of Premium Motor Spirit (PMS), also known as petrol, rose by 223.21 per cent to approximately ₦770 per litre in May 2024 from...

Nigeria to Save $600m Yearly form Local Palm Oil Production, Says NPPAN The National Palm Produce Association of Nigeria has revealed that the country could save $600m annually by investing in palm oil production. According to the President of NPPAN, Alphonsus Inyang, Nigeria’s current reliance on...

FG Seeks $4.4bn Fresh Loans as National Debt Rises N101tn The Federal government has pushed for fresh loans approval worth $4.4bn from the World Bank and Africa Development Bank over the next one year. Nigeria borrowed a total of $4.95bn in loans from the international lender...

Holiday: Trading Resumes with Bearish Trend as Investors Lose N47bn Investors lost about N47bn on Wednesday when the Nigerian Exchange resumed from the two days Eid al-Fitr holiday. The All-Share Index and market capitalisation declined by 0.08 per cent to settle at 99,840.95 points and N56.48tn,...

Customs Revenue Rises by 74%, Hits N4.5tn in One Year - Adeniyi  The Nigeria Customs Service, announced that its revenue increased by 74 per cent to N4.49tn between June 2023 and May 2024, when compared to what the service collected during the same period in...