With output hikes, OPEC+ again targets US shale oil
May 21, 2025 Behind OPEC+’s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing a second objective: taking on U.S. shale…
Heavy discount as Konga Health, L’Oréal partner to raise personal care awareness
Konga Health, in collaboration with Konga Online, has launched a nationwide campaign offering generous discounts on a wide range of personal care and beauty items. This is a strategic effort…
Fidelity Bank ranks among Top 19 companies in Nigeria, reclaims trillion-naira market cap status
A wave of innovations has pushed Fidelity Bank Plc to reclaim its status in the trillion-naira market capitalisation club, after its share price rose by 5.3%, climbing from ₦19.95 to…
FIDELITY BANK GOES BULLISH: Records PBT of N105.8bn in Q1 2025
Fidelity Bank Plc, a foremost Nigerian Tier-1 financial institution, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion,…
Petrol: Retail outlet owners say struggling to secure gasoline from refurbished state refineries
May 20, 2025 Nigerian fuel traders are struggling to secure gasoline supplies from two newly refurbished state-run refineries six months after they were declared operational, they say, leaving them reliant…
GenCos: Subsidy backlog monthly shortfalls hitting N200 bn – Minister
May 20, 2025 The Minister of Power, Mr. Adebayo Adelabu has warned that the N4 trillion subsidy backlog owed to generation companies, including N1.94 trillion for 2024, was unsustainable, with…
Vandalism: Minister seeks strict laws to protect power infrastructure
May 20, 2025 The Minister of Power, Mr. Adebayo Adelabu, has urged the National Assembly to enact strict legislation to protect Nigeria’s power infrastructure from vandalism and sabotage. This is…
CBN retains lending rate at 27.50%,
May 20, 2025 …Retains 50% CRR for DMBs, 16% for MBs. For the first time since February 2024, the Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate…
Nigeria’s Renaissance Africa Energy reports oil spill from illegal pipeline connection
May 19, 2025 Nigeria’s Renaissance Africa Energy Co. Ltd has confirmed an illegal connection on its Okordia-Rumuekpe pipeline at Oshika community in Nigeria’s coastal Rivers state caused a spill, the…
Customs to ease import of renewable energy technologies – CGC
The Management of the Nigeria Customs Service and the stakeholders during the first anniversary of the Advance Ruling Programme, Trade Facilitation Measures for Renewable Energy and Energy-Efficient Technologies held…