The Central Bank of Nigeria (CBN) has said Nigerians can receive naira for diaspora remittances. The CBN gave the directive in a circular no TED/FEM/PUB/FPC/001/004 to...
By Sandra Orim Canadian energy firm, WATT Renewable Corp. is working towards raising about $100 million by the end of 2024 to expand its business of...
Nigeria’s electricity export has earned the country a total of $369.22 million in the last two years, BUSINESS METRICS has gathered. Data obtained from the Central...
The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump prices of petrol (PMS) by over 200 per cent bringing the price of fuel to between N488...
The Nigerian National Petroleum Company (NNPC) Limited has described total removal of fuel subsidy as announced by the President Bola Tinubu, Nigeria’s new president, as a...
Nigeria’s new President, Bola Tinubu says the era of subsidy payment on fuel has ended. He said the 2023 Budget made no provision for fuel subsidy...
The argument that fuel subsidy payment in Nigeria only benefits the rich has just been reinforced by Mr. Akinwunmi Adesina, President of the African Development Bank...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said fuel marketers yet to obtain licence have till June 1 to remain in business. The...
By Rosemary Iwuala TAG Energy Group, a leading Nigerian oil and gas integrated service company, has announced its partnership with Bosch Rexroth Africa Development, a manufacturer...
Nigeria has lost its status as Africa’s largest oil producer to Angola as Africa’s largest economy saw its oil output decline the most in April among...
As Production Drops to 1.25 Million Barrels Per Day Average oil production in Nigeria has reduced to 1.25 million barrels per day, latest data obtained from...
By Rosemary Iwuala The UK Supreme Court on Wednesday ruled that it was too late for Nigerian claimants to sue two Shell (SHELL) subsidiaries over a...
The National Bureau of Statistics (NBS) revealed on Monday that average retail price of Automotive Gas Oil paid by consumers increased significantly in the last one...
Exxon Mobil Corp. in Nigeria declared force majeure on oil liftings from different terminals in the country. BUSINESS METRICS gathered that this development was triggered by...
Simon Echewofun Sunday Nigeria continues to suffer from chronic shortage of electric power. The country has an installed electricity generation capacity of around 13,700 megawatts (MW)...
By Onikepo Braithwaite It is our hope that one thing the incoming administration will prioritise, is attracting Foreign Direct Investment (FDI). FDI is a must, for a...
Rising operation costs of Total Energies Marketing Plc have eaten into the its bottomline for the full year ended December 31, 2022 despite impressive rise in its...
Telecommunications companies in South Africa have been battling to survive due to electricity power supply challenges which has prompted the regulatory authority to introduced load-shedding. Helios...
Rosemary Iwuala Eroton Exploration and Production Company Limited has assured that it remains the Operator of Oil Mining Lease 18 (OML-18) in line with the provisions...
The Nigerian Communications Commission (NCC) has concluded arrangements to host an event to mark the 2023 World Consumer Rights Day (WCRD) in Abuja with spotlight on...