BUSINESS Archives - Page 36 of 36

Port Harcourt Refinery Shutdown Enters Second Month Amid Growing Outrage, Diesel Price Hikes, And EFCC Probe 0

Port Harcourt Refinery Shutdown Enters Second Month Amid Growing Outrage, Diesel Price Hikes, and EFCC Probe The Port Harcourt Refining Company (PHRC), which was once hailed as a symbol of Nigeria’s self-sufficiency in petroleum production, has now become the epicenter of controversy and frustration. More than a month after it was shut down for maintenance,

Petrol Prices Soar To ₦945/Litre As Market Reacts To Dangote Refinery Hike, Global Tensions 0

Petrol Prices Soar to ₦945/Litre as Market Reacts to Dangote Refinery Hike, Global Tensions The price of Premium Motor Spirit (PMS), commonly known as petrol, surged significantly across Nigeria on Monday, with retail outlets operated by the Nigerian National Petroleum Company Limited (NNPC Ltd) adjusting their pump prices to new highs. In Abuja, the

Seven States Step Into Electricity Regulation Under Tinubu Administration 0

BUSINESS

June 24, 2025

Seven states step into electricity regulation under Tinubu administration The Nigerian electricity sector has entered a historic phase as seven states — Enugu, Ondo, Ekiti, Imo, Oyo, Edo, and Kogi — formally assume responsibility for regulating their own electricity markets, following the implementation of the Electricity Act 2023. The Act, signed by President Bola Tinubu,

Nigeria’s Forex Reserves Soar To $38.4 Billion, Fiscal Deficit Narrows Under Tinubu’s Reforms 0
- BUSINESS
- June 24, 2025
Nigeria’s Forex Reserves Soar to $38.4 Billion, Fiscal Deficit Narrows Under Tinubu’s Reforms Fiscal Deficit………… Nigeria’s foreign exchange reserves have climbed significantly, rising from $32.9 billion at the end of 2023 to over $38.448 billion by June 2025, marking a notable milestone in the country’s economic recovery efforts. The disclosure was made on Monday,
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Nigeria’s Pension Fund Hits ₦23.65tn As Infrastructure Deployment Remains Hampered By Risks 0
- BUSINESS, SLIDE
- June 23, 2025
Nigeria’s Pension Fund Hits ₦23.65tn as Infrastructure Deployment Remains Hampered by Risks Nigeria’s pension fund industry has reached a new milestone, with the total Net Asset Value (NAV) growing to ₦23.65 trillion as of April 30, 2025, up from ₦23.32 trillion recorded a month earlier. This steady rise, revealed in the National Pension Commission
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Global Oil Shock Pushes Nigerian Petrol Toward ₦1,000 Per Litre 0
- BUSINESS, SLIDE
- June 23, 2025
Rising Tensions, Rising Prices: Global Oil Shock Pushes Nigerian Petrol Toward ₦1,000 Per Litre A renewed geopolitical crisis involving the United States, Israel, and Iran is rattling global oil markets and placing new pressure on Nigeria’s fuel economy. With global crude oil prices hovering near $80 per barrel, Nigeria is bracing for another
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