Seven States Spend 190% of IGR on Debt Servicing in Q1 2025
Seven Nigerian states are facing severe fiscal pressure, having spent an average of 190 per cent of their Internally Generated...
One-Stop Shop Initiative Gains Momentum with NUPRC Backing for Naira-Based Petroleum Sales
The Technical Committee of the One-Stop Shop (OSS) initiative for the sale of crude oil and refined petroleum products in...
PCNGI Attracts $500m Investment, Converts 100,000 Vehicles in First Year
The Presidential Compressed Natural Gas Initiative (PCNGI) has recorded significant progress, attracting over $500 million in investment and creating 10,000...
EERC Orders MainPower to Refund Over 20,000 Customers for April Overbilling
The Enugu State Electricity Regulatory Commission (EERC) has directed MainPower Electricity Distribution Company—formerly known as Enugu Electricity Distribution Company (EEDC)—to...
TCN Advances Key Transmission Projects in Kaduna Despite Compensation Challenges
The Transmission Company of Nigeria (TCN) has made notable progress on critical electricity transmission infrastructure projects designed to enhance power...
Cooking Gas Prices Surge Sharply Across Nigeria, NBS Reports
The cost of cooking gas in Nigeria continues its sharp upward trajectory, with the average retail price for refilling a...
Asian Markets Waver After Wall Street Tech Rally; Trade Tensions Loom
Asian stock markets opened on a cautious note Tuesday, with investors digesting a mix of Wall Street tech optimism and...
Oil Prices Rise as Iran Nixes U.S. Deal, OPEC+ Supply Hike Falls Short
Oil prices inched higher on Tuesday, driven by renewed supply concerns after Iran signaled it would reject a U.S. nuclear...
Dangote Refinery Can Meet ECOWAS Petroleum Demand, Declares Regional Leaders
The Dangote Petroleum Refinery has announced that it possesses the capacity to meet the petroleum product demands of all ECOWAS...
Crude Oil Theft Drops Significantly in Nigeria, Says IPPG Executive
Crude oil theft in Nigeria has seen a significant decline compared to figures reported two to three years ago, according...
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