Energy
NUPRC: Nigeria Produced 2.71tn scf of Gas in 2025, Exported 35%
Nigeria produced 2.71 trillion standard cubic feet (scf) of gas in 2025, exporting about 35 per cent of total output,...
Read more
IPMAN Seeks Credit Facility to Build $10bn Refinery Amid Petrol Price Volatility
Amid persistent volatility in Premium Motor Spirit (PMS) prices, the Independent Petroleum Marketers Association of Nigeria is set to seek...
Read more
Nigeria’s Petrol Imports Drop 42%, Dangote Refinery Boosts Domestic Supply
Nigeria’s petrol import volumes fell sharply by 42.2% in January 2026, reaching 24.8 million litres per day, down from 42.8...
Read more
NNPC Remits N14.7 Trillion to FG, Posts N5.76 Trillion Profit in 2025
The Nigerian National Petroleum Company Limited (NNPC Ltd) has disclosed that it remitted N14.706 trillion in statutory payments to the...
Read more
Nigeria Misses OPEC Crude Oil Quota for Sixth Consecutive Month
Nigeria has failed to meet its 1.5 million barrels per day crude oil production quota approved by the Organization of...
Read more
Seven Power Plants Face Gas Constraints as Seplat Maintenance Threatens Grid Stability
Seven power plants across Nigeria may experience gas supply constraints following the planned shutdown of a major facility by Seplat...
Read more
Oil Prices Edge Higher Amid Rising U.S.-Iran Tensions
Oil prices rose on Thursday morning as investors reacted to escalating tensions between the U.S. and Iran, fearing that any...
Read more
Dangote Refinery Hits Full 650,000bpd Capacity, Begins 72-Hour Performance Test
The Dangote Petroleum Refinery has reached its full nameplate capacity of 650,000 barrels per day following the restoration and optimisation...
Read more
FG’s N300bn Power Plan for Varsities, Teaching Hospitals Stalls Over Zero Funding Release
The Federal Government’s plan to provide stable electricity to federal universities and tertiary hospitals has suffered a setback following the...
Read more
Ikeja Electric Mandates Submission of Tax Identification Details
Ikeja Electric Plc has issued a public notice informing its customers that electricity bills generated without valid identification details will...
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.