Business

Dangote refinery raises capacity to 700,000 bpd

Dangote Petroleum Refinery and Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd) in a…

4 weeks ago

Nigeria risks 27.5% US tariff over forced labour concerns

Nigeria could be hit with tariffs of up to 27.5 per cent on exports to the United States under a…

4 weeks ago

Nigeria’s 131 companies gain AfCFTA trade boost

No fewer than 131 Nigerian companies have been awarded the Africa Quality Mark (AQM), a continental certification designed to boost…

4 weeks ago

Band A customers to receive compensation for poor power supply — NERC

The Nigerian Electricity Regulatory Commission (NERC) has approved a special compensation package for eligible Band A electricity customers affected by…

4 weeks ago

Stock market investors lose N2.2trn as profit-taking persists

The Nigerian stock market closed on a bearish note on Wednesday, June 3, 2026, as investors lost N2.280 trillion in…

4 weeks ago

Vandalism, rain trigger outages in Nasarawa, Plateau

Parts of Nasarawa and Plateau states have been thrown into darkness following the collapse of six transmission towers along a…

4 weeks ago

DisCos rake in N600bn in Q1 2026 despite power outages

Electricity Distribution Companies (DisCos) in Nigeria generated nearly N600bn in revenue in the first quarter of 2026, even as consumers…

4 weeks ago

Stock market investors lose N478bn amid bearish rally

The Nigerian stock market closed lower on Tuesday as investors recorded a loss of N478 billion following profit-taking in major…

4 weeks ago

NUPRC workers suspend strike

Employees of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have called off the nationwide strike they began on Monday after…

4 weeks ago

Petrol prices jump 643% amid economic shifts

The cost of Premium Motor Spirit (petrol) in Nigeria has surged by about 643 per cent in three years, rising…

4 weeks ago

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