Oil Prices Slump As US Peace Plan For Russia-Ukraine Stirs Oversupply Fears
Oil prices fell sharply as US peace proposals for Russia-Ukraine and oversupply concerns triggered market declines.
Oil prices fell sharply as US peace proposals for Russia-Ukraine and oversupply concerns triggered market declines.
LCCI hails Nigeria’s easing inflation after seven months of slowdown but warns persistent food price pressures could reverse gains.
Federal government says estimated billing will end in there to five years as massive metering investments aim to boost power sector liquidity.
Minister Jumoke Oduwole has reaffirmed FG’s commitment to empower women-led businesses and strengthen UK-Nigeria trade and market access.
TotalEnergies has expressed interest in Nigeria’s upcoming licensing round, building on its success in securing two oil blocks in 2024.
Cardoso has credited stable FX, easing inflation and rising reserves with restoring investor confidence and positioning Nigeria for sustained growth.
NEFGAD asks President Tinubu to sack NSIB DG Alex Badeh Jr., citing credibility concerns over the Air Peace toxicology controversy.
Nigeria’s October inflation drops, driven by slower food and commodity price increases, signalling improving macroeconomic stability.
Federal Government suspends NIHOTOUR’s compliance raids and sanctions pending a full review of its regulatory operations.
Lagos records heavy investor demand with its N200 billion bond and Green Bond both significantly oversubscribed.
Governor Bassey Otu says Tinapa’s handover marks a major step in Cross River’s drive to rebuild and revitalise its economy.”
The federal government will unveil its National Tourism Policy to help drive investment, create jobs, and grow Nigeria’s economy.
NMDPRA says there is no cartel in Nigeria’s downstream oil sector, insisting pricing templates are transparent and regularly published.
Former NERC chair Maxi warns WAPP integration benefits producers, not households, as Nigeria’s weak grid blocks quick consumer gains.
Nigeria aims to produce N160 billion worth of wheat, enrolling 80,000 farmers under the 2025/2026 dry-season NAGSAP programme.
Ondo’s $50bn refinery and FTZ progress as state and Backbone Infrastructure form JV and begin technical site assessments.
Air Peace says full flights resume this week after alleging foreign leasing partners withdrew leased aircraft fraudulently, causing over $15m in losses.
Entrepreneur Osakwe urges massive infrastructure investment, warning malnutrition and food insecurity will worsen without urgent action.
Air Peace flight operations disrupted as lessor SmartLynx suddenly withdrew aircraft, causing delays, cancellations, and significant financial losses.
S&P revises Nigeria’s outlook to positive, citing reform gains amid fresh concerns over fiscal discipline and delayed budget execution.
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