Business

Nigeria’s petrol supply, consumption drop in July ― NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has recorded a decline in fuel supply and consumption in July…

1 month ago

NGX loses N137bn as sell-offs weigh on investor sentiment

The Nigerian Exchange Limited (NGX) opened the week on a bearish note, with market capitalisation declining by N137 billion amid…

1 month ago

FG moves to revive stalled Kolmani oil project

The Federal Government has begun moves to revive exploration activities at the Kolmani Oil Field in Bauchi State, months after…

1 month ago

$21bn Bonga project gets fresh push as Nigeria targets deepwater investment

Nigeria’s bid to attract large-scale investment into its deepwater oil industry has received a major boost following new agreements between…

1 month ago

NNPC, partners sign agreements for $21bn Bonga Southwest project

The Nigerian National Petroleum Company (NNPC) Limited and its partners on Oil Mining Lease 118 have signed key commercial agreements…

1 month ago

Top 10 consumer goods firms record N3.5trn revenue in H1 2026

Nigeria’s 10 largest listed fast-moving consumer goods manufacturers generated more than N3.5 trillion in combined revenue in the first half…

1 month ago

NUPRC gives 31 oil bloc winners 60 days to pay bonuses

The Nigerian Upstream Petroleum Regulatory Commission has given 31 companies that won 37 oil and gas blocs in the 2025…

1 month ago

Alibaba plans $10.2bn share sale to expand AI business

Chinese technology giant Alibaba has announced plans to raise about $10.2 billion through a new share sale in Hong Kong…

1 month ago

NGX investors trade N157.7bn shares as market cap drops to N154.5trn in one week

The Nigerian Exchange Limited (NGX) recorded a turnover of 6.242 billion shares valued at N157.764 billion in 186,496 deals in…

1 month ago

Yobe produces 10m livestock yearly — Buni

Yobe State produces nearly 10 million livestock annually, Governor Mai Mala Buni has said, describing the state as one of…

1 month ago

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