Oil price drops to $86/barrel
The worldwide price of Brent, the global benchmark for crude, Sunday dropped to $86 per barrel even as all oil grades witnessed reduced prices on the first day of the…
Nigeria has low ability to attract investment- World Bank
The World Bank has revealed that Nigeria has a low ability to attract both domestic and foreign investment as the nation's economic outlook is uncertain. As obtained in a draft report…
UAE to supply Germany with gas, diesel
The United Arab Emirates agreed Sunday an "energy security" deal with Germany to supply liquefied natural gas and diesel as Berlin searches for new power sources to replace Russian supplies.…
TotalEnergies boosts Qatar’s gas expansion with $1.5bn
France's TotalEnergies on Saturday signed a further $1.5 billion investment in Qatar's natural gas production expansion, which comes as Europe scrambles to find new energy sources to replace Russian supplies.…
Buhari unveils SDG financing framework
The President, Major General Muhammadu Buhari (retd.) has unveiled a national template for advancing its commitment to the Sustainable Development Goals and the nation's development aspirations. According to Nairametrics, Buhari…
PenCom workers permitted to use pension for mortgage
The National Pension Commission has started giving workers permission to use 25% of their Retirement Savings Accounts for mortgage. According to The PUNCH, this was disclosed by the agency on…
Toyota shuts Russian factory over supply chain issues
Toyota announced Friday it was closing its assembly line near Saint Petersburg, in a new example of supply chain problems dogging firms operating in the sanctions-hit country. The industrial site…
Pound hits 37-year low against dollar
The pound fell to a fresh 37-year low against the dollar Friday as traders grow increasingly worried about the economic outlook with central banks ramping up interest rates to fight…
EFCC, ICPC should probe oil theft not lawmakers – Falana
Human rights activist and Senior Advocate of Nigeria, Femi Falana said it is not the business of the National Assembly to investigate economic sabotage in the oil sector. Falana who…
Electricity customers paid N210.17b in three months – NERC
Power consumers paid N210.17 billion to distribution companies in the fourth quarter of 2021, according to the Nigerian Electricity Regulatory Commission. This was stated in its Quarterly Report for the…
Nigeria needs debt relief – AfDB
The President of the African Development Bank, Akinwumi Adesina has said that given the current debt situation of Nigeria, the country needs debt relief. According to The PUNCH, Adesina stated…
S.Africa signs wind energy deal to ease power outages
South Africa on Thursday inked the first three of a series of agreements with independent producers to supply wind energy amid worsening blackouts in the continent's most industrialised economy. The…
