Energy
Subsidy: NNPC to reconcile N2.1trn deduction with FAAC
The Nigerian National Petroleum Company (NNPC) Limited says it would reconcile subsidy deductions with the federation. The Federation Account Allocation Committee...
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Oil Prices Retreat Amid Global Economic Slowdown Concerns
Oil prices experienced a decline on Wednesday, reversing earlier gains prompted by Saudi Arabia and Russia's announcement to extend and...
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Oil steady as markets weigh supply cuts against mixed macro views
Oil prices held steady early on Tuesday as markets weighed supply woes from cuts for August by top exporters Saudi...
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Oil Prices Stagnant Amid Supply Tightness and Economic Growth Concerns
Oil prices remained steady on Monday, with concerns about global economic headwinds and potential interest rate hikes from the US...
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Arrival of Fuel Vessels Expected to Lower Petrol Prices as Marketers Gear Up
Major oil marketers and independent dealers have announced that significant shipments of Premium Motor Spirit (petrol) are set to arrive...
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Proposed Electricity Tariff Hike May Drive Multinational Companies out of Nigeria, Warns MAN
The Manufacturers Association of Nigeria (MAN) has raised concerns that the proposed increase in electricity tariffs by power distribution companies...
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Drawdown in US Oil Stocks Overrides Concerns of Impact from Interest Rate Hikes
Oil prices are poised to record their first monthly gain of the year as tightening supply outweighs concerns about the...
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Oil Prices Rise Amid Concerns Over Political Issues in Russia Impacting Supply
Oil prices climbed on Monday as fears of political instability in Russia following a revolt by Russian mercenaries over the...
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Power Distribution Companies Owe N208.8bn to Nigeria’s Electricity Supply Industry in 2022
The Federal Government has revealed that power distribution companies (Discos) in Nigeria have failed to remit a total of N208.8...
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FG Deploys Mini-Grids to Enhance Power Supply in Rural Communities
The Nigerian Federal Government has announced an increased deployment of mini-grids in rural communities to bolster power supply and mitigate...
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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.