Nigeria’s Power Gencos Lose N2.28 Trillion to Stranded Capacity in a Decade
Nigeria’s electricity Generation Companies (Gencos) reportedly lost an estimated N2.28 trillion in capacity payments between 2015 and 2025, as a ...
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Tag: #EnergyNews
EEDC Launches Debt Recovery Scheme, Offers Discounts on Outstanding Electricity Bills
Enugu Electricity Distribution Plc (EEDC) has announced the launch of a new debt recovery scheme offering discounts to customers with ...
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NNPC E&P Records Highest Daily Oil Output in 36 Years at 355,000 Barrels Per Day
The Nigerian National Petroleum Company’s upstream subsidiary, NNPC Exploration and Production Limited (NNPC E&P), has recorded its highest daily crude ...
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Oil Prices Edge Higher as Markets Await Clarity on Ukraine-Russia Peace Framework
Oil prices recorded slight gains on Wednesday as traders weighed the prospects of a potential peace agreement between Ukraine and ...
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Nigeria’s Active Electricity Customers Rise to 11.96 Million in August — NERC
The Nigerian Electricity Regulatory Commission (NERC) has announced that the total number of active electricity customers nationwide increased from 11.89 ...
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Nigeria’s Oil Output Drops to 1.43mbpd in August, Falls Below OPEC Quota
Nigeria’s crude oil production declined again in August 2025, reversing gains that had seen the country exceed its OPEC quota ...
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Nigeria’s Oil Output Rises to 1.546m bpd in July, Retains Africa’s Top Producer Spot — OPEC
Nigeria’s crude oil production rose to 1.546 million barrels per day (bpd) in July 2025, up from 1.505 million bpd ...
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Petrol Price Set to Drop Below N900 as Dangote Refinery Cuts Ex-Depot Rate
The pump price of petrol in Nigeria is projected to fall below N900 per litre following Dangote Petroleum Refinery’s decision ...
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Oil Prices Rebound 1% After Five-Day Slide Amid U.S. Demand Strength
Oil prices rebounded by around 1% on Thursday, snapping a five-day losing streak, as data indicated firm demand in the ...
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Oil Prices Rebound After Trump’s Tariff Threats on India’s Russian Crude Purchases
Oil prices climbed on Wednesday, recovering from a five-week low recorded the day before. The rebound follows heightened market concerns ...
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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.