Tags Oil prices

Tag: oil prices

DMO: Fed Govt borrows N1tr to fund fuel subsidy

The Federal Government has borrowed N1 trillion to subsidise petrol this year, the Debt Management Office (DMO) said yesterday.

Inflation: CBN raises interest rate to 15.5%

The Monetary Policy Committee of the Central Bank of Nigeria has raised the benchmark interest rate from 14 to 15.5 per cent...

37 firms get licences to produce 762.3MW

Fresh licenses and permits have been issued to 37 companies to produce a total of 762.3 megawatts of electricity in order to...

Oil price falls to $86/barrel

Brent, the global benchmark for crude, dropped in price on Sunday as virtually all oil grades witnessed reduced prices on the first...

BREAKING: Many feared trapped as another building collapses in Lagos

A building has collapsed in Mushin, Lagos. The two-storey building is situated at Sonuga Street, Palm Avenue, Mushin.

Insecurity, others worsening raw material scarcity – NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has said insecurity crisis in the country has significantly affected farming...

Nigeria needs help to tackle debt burden – AfDB

The president of the African Development Bank, Akinwumi Adesina, has said Nigeria needs help in tackling its debt burden.

DisCos generate N398.16b in half year

The 11 electricity Distribution Companies (DisCos) generated N398.16 billion in the first and second quarters of the year, the National Bureau of Statistics...

Only N3.4trn Needed to Subsidise 66.7M Litres of PMS Daily – NNPC

The Nigerian National Petroleum Company Limited has disclosed that only the sum of N3.4tn is needed to subsidise an average of 66.7...

NBS: Cooking Gas Price Rises by 101% in One Year  

The National Bureau of Statistics (NBS) recent report has shown that Average price of 5kg cooking gas increased from N4,397.68 in July...

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