Business

Nigeria Agrees to Cut Oil Production To Stabilise Crude Supply Market

The Nigerian delegation said it was confident that the ongoing security intervention under the leadership of President Tinubu will enable…

1 year ago

Oil Prices Rise As Saudi Arabia Pledges Output Cuts

Other members of OPEC+ also agreed to continued cuts in production in an attempt to shore up flagging prices.

1 year ago

IATA: Foreign Airlines’ Trapped Funds in Nigeria Has Risen to $812m

The world body urged governments to abide by international agreements and treaties to enable airlines repatriate funds.

1 year ago

NNPC Ends Crude Swap Contracts with Foreign Refiners

“In the last four months we practically terminated all DSDP contracts. And we now have an arm's-length process where we…

1 year ago

IPMAN: For Subsidy Removal to Make Sense, FG Must Break NNPC’s Monopoly on Importation

They urged Tinubu to ensure that other downstream sector players, are allowed to partake in the importation of petrol into Nigeria.

1 year ago

With Oil Prices Slumping, OPEC+ Producers Weigh More Production Cuts

The slumping prices have been a boon to drivers and helped ease inflation worldwide.

1 year ago

NNPC: Subsidy Removal to Reduce Nigeria’s Petrol Consumption Figures By 30%

The current figure is estimated at 66 to 70 million litres per day but it's believed a substantial amount of…

1 year ago

Disney Lawsuit Judge Removes Himself From Case But Not For Reasons Cited By DeSantis

Chief U.S. District Judge Mark Walker said in a court filing Thursday that it was because a relative owns 30…

1 year ago

Subsidy Removal: A Competitive Market Is The Best Market For Consumers, Says FCCPC’s Irukera 

He said the removal of subsidy will push marketers to be more competitive and efficient.

1 year ago