Energy
Tinubu’s Deep Offshore Tax Incentive Could Unlock $50bn Investment, Add 1m bpd, NUPRC Says
President Bola Tinubu’s new tax incentive for deep offshore oil and gas projects could unlock about $50 billion in investments...
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Nigeria’s Energy Inflation Falls to Four-Month Low at 4.37% in July
Nigeria’s energy inflation rate fell sharply to 4.37% in July 2026, its lowest level in four months, according to the...
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NERC Transfers Electricity Regulatory Oversight to Akwa Ibom Commission
The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Akwa Ibom State to the...
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FG Commissions Transformer Projects, Adds 840MVA Capacity to Lagos Transmission Network
The Federal Government has commissioned transformer projects across four transmission substations in Lagos State, adding 840MVA of transformer capacity to...
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Trump Says No Iran Talks Underway as Hormuz Dispute Sends Oil Prices Higher
US President Donald Trump has said no talks are taking place or scheduled with Iran, contradicting earlier comments from his...
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EFCC Recovers N4.49bn Diesel in Alleged Theft Case Involving Ibafon Oil and Gas
The Economic and Financial Crimes Commission (EFCC) has recovered 2.3 million litres of Automotive Gas Oil, commonly known as diesel,...
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Treasuries, Asian Bonds Extend Losses as Oil Gains Amid Inflation and Geopolitical Concerns
Global financial markets came under renewed pressure as US Treasuries and Asian bonds extended their recent declines, while rising oil...
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FG Targets 6,000MW Electricity Wheeling Capacity by December
The Federal Government has announced plans to wheel about 6,000 megawatts (MW) of electricity by December 2026, as part of...
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Brent Crude Rises Above $90 as Iran Threatens Strait of Hormuz Offensive
Brent crude closed above $90 per barrel on Monday as renewed tensions between Iran and the United States raised concerns...
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TCN Raises Apapa, Ijora Transmission Capacity to 410 MVA
The Transmission Company of Nigeria (TCN) has increased bulk power transmission capacity around the Apapa corridor in Lagos with the...
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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.