Energy
FG Spends N536.4bn on Electricity Subsidies in Q1 2025 Amid N4tn GenCo Debt
The Federal Government incurred a staggering ₦536.4 billion in electricity subsidy obligations in the first quarter of 2025, reflecting a...
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Oil Prices Slip as Iran Reaffirms Nuclear Commitments Ahead of Fresh Talks
Oil futures declined on Friday amid signs of easing tensions between the U.S. and Iran, and expectations that top oil...
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AMCON Confirms Sale of Ibadan Electricity DisCo for N100 Billion
The Asset Management Corporation of Nigeria (AMCON) has confirmed the sale of the Ibadan Electricity Distribution Company (IBEDC) for ₦100...
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Oil Firms Resisted Supplying Crude to Local Refineries in 2024 — NUPRC
The Nigerian government’s bid to enforce the Domestic Crude Supply Obligation (DCSO) faced stiff resistance in 2024, as several upstream...
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FG Sets July 23–24 for National Forum on Petrol Pricing, Supply Stability
The Federal Government has announced July 23 and 24, 2025, as the dates for a national stakeholder forum aimed at...
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Nigeria Records Zero Grid Collapses in Q1 2025 — NERC Report
In a rare and positive development for Nigeria’s power sector, the national electricity grid recorded no system collapse or disturbance...
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Oil Prices Flat as Market Juggles OPEC+ Supply Prospects and U.S. Inventory Data
Oil futures remained largely unchanged on Wednesday, as traders digested the prospect of increased supply from major producers next month,...
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FG Cracks Down on Dormant Oil Licenses, Demands Active Field Development
In a decisive move to boost crude oil production and meet 2025 budgetary targets, the Federal Government on Tuesday declared...
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Marketers Hold Off Pump Price Cut Despite Dangote Refinery’s Petrol Reduction
Despite the ex-depot petrol price reduction announced by Dangote Petroleum Refinery on Monday, many fuel marketers have refused to lower...
Read moreOil Prices Dip on OPEC+ Output Hike Expectations, Tariff Concerns
Oil prices edged lower on Tuesday as traders reacted to expectations of a fresh OPEC+ output increase in August and...
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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.