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Category: Business
Forcados leads crude production as Nigeria records 1.71 mbpd in July — NUPRC
The Forcados oil terminal, owned by Renaissance Africa Energy Company Limited, recorded the highest crude oil output as Nigeria’s production rose to 1.71 million barrels…
Tinubu orders temporary ban on raw shea nuts export
President Bola Ahmed Tinubu has approved a temporary suspension on the export of unprocessed shea nuts. The announcement was made on Tuesday by the Minister…
Petrol price cut: Dangote Refinery mum over failed fuel distribution deadline
Nigeria’s mega Dangote Refinery has remained mum over its unmet self-imposed August 15, 2025, deadline to begin nationwide premium motor spirit and automotive gas oil…
25 countries suspend package deliveries to US over new tariff rules
The UN postal agency said Tuesday that 25 countries had decided to suspend package deliveries to the United States, as concern grows over the impact…
13% derivation fund eases oil-producing states’ debt by N611bn
Oil-producing states reduced their domestic debt burden by about N610.84bn between June 2023 and March 2025, as they received record inflows from the 13 per…
Naira depreciates against dollar at official market to begin week
The Naira depreciated against the dollar at the official foreign exchange market on Monday, to begin the week. This is according to the Central Bank…
Manufacturers fume as Nigerian govt reintroduces 4% FOB fee on imports
Nigeria’s manufacturers have kicked against the reintroduction of the 4 percent Free on Board fee by the Nigeria Customs Service (NCS). It was reported NCS…
NNPCL, NLNG, others secure deal for delivery of 1.29 bscf/d
Two Nigerian states’ oil and gas firms, the Nigerian National Petroleum Company Limited (NNPCL) and Nigeria Liquified Natural Gas Limited (N-LNG) and several other upstream…
Businessman Ahmad Lawal advocates for Nigerian Entrepreneurs to become Global Creators
On Tuesday, August 12, Nigerian businessman Ahmad Lawal appeared on Channels Television’s Business Morning program, where he called on Nigerians to shift from being primarily…
Nigeria on track to hit 2.5mbpd oil output — FG
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared that the country is firmly on course to ramp up crude oil…