Energy
Iran’s Reclosure of Strait of Hormuz Dashes Hopes of Petrol Price Drop in Nigeria
The decision by Iran to reclose the Strait of Hormuz has dampened expectations of a sharp drop in petrol prices...
Read more
Nigeria Imports 61.7m Barrels of US Crude in Two Years Despite Strong Oil Exports
Nigeria imported about 61.7 million barrels of crude oil from the United States between January 2024 and January 2026, highlighting...
Read more
CPPE Urges FG to Cut Import Duties on Renewable Energy Equipment to 5%
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Federal Government to reduce import duties on renewable...
Read more
Oil Prices Surge as Iran Re-Closes Strait of Hormuz Amid Renewed Middle East Tensions
Global oil prices surged on Monday after Iran re-closed the strategic Strait of Hormuz, escalating tensions in the ongoing Middle...
Read more
TCN Declares Force Majeure on Ikeja West–Osogbo 330kV Line After Storm Topples Tower
The Transmission Company of Nigeria (TCN) has declared a force majeure on the Ikeja West–Osogbo 330kV transmission line after a...
Read more
NMDPRA Assures 74-Day Aviation Fuel Supply, Dismisses N3,300 Price Claim
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reassured stakeholders in Nigeria’s aviation industry that the country currently...
Read more
REA Hails New NERC Mini-Grid Regulations as Major Boost for Renewable Energy Expansion
The Managing Director of the Rural Electrification Agency(REA), Abba Aliyu, has praised the newly released mini-grid regulations issued by the...
Read more
Nigeria Consumes 4.93bn Litres of Petrol in Q1 2026 Despite March Demand Drop
Nigerians consumed about 4.93 billion litres of Premium Motor Spirit (petrol) in the first quarter of 2026, according to an...
Read more
FG Raises Alarm Over Fire Incidents Linked to Poorly Installed Rooftop Solar Systems
The Federal Government has raised concerns over the increasing number of fire incidents linked to improperly installed rooftop solar photovoltaic...
Read more
Nigeria’s Crude Oil Prices Surge to $113 as Output Rises to 1.8 Million Barrels Per Day
Nigeria’s revenue from crude oil is set for a significant boost as its key crude grades traded at $113 per...
Read more
Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.