Industry

While the nation grapples with frequent power outages, a glimmer of hope emerges from the rural landscape. The Federal Government is actively pursuing a bold initiative: securing $1.1 billion in funding to construct a network of…
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*After jumbo band A increase Nigeria’s power prices need to rise by about two thirds for many customers to reflect the cost of supplying it and an increase can be expected within months, President Bola Tinubu’s special adviser on…
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Conoil Plc, a leading downstream oil and gas company, has reported a 60.5% surge in revenue for the financial year ended December 31, 2024. The company’s latest unaudited financial statements obtained by Investor King showed Revenue…
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Despite global and domestic uncertainties, the Nigerian equities market started 2025 on a positive note, recording a N1.95 trillion gain as investors traded with caution. The market capitalisation, which opened the year at N62.763…
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Electricity Unions and Civil Society Demand Senate Hearing on Power Sector’s Performance Since 2013 A coalition of electricity unions and civil society organizations has called on the Nigerian Senate to urgently convene a public…
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Investors in the Nigerian capital market lost N284 billion at the close of trading on Tuesday. This followed the dip in the share prices of stocks like MRS, RED STAR EXPRESS, and LEARN AFRCA amongst others on the trading floor. …
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Tuesday awarded 10 Gas Distribution Licences (GDLs) to six companies to deepen gas utilisation and expansion in the country. The News Agency of Nigeria…
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The World Bank and the International Monetary Fund (IMF) have called on the Central Bank of Nigeria (CBN) to remain steadfast in controlling inflation. Nigeria’s inflation rate increased to 34.8 per cent in December, up from 33.6 per…
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Oil prices rebounded on Tuesday from multi-week lows as disruption to Libyan oil loading operations offset fears of weaker demand linked to soft economic data from China and rising temperatures elsewhere. Brent crude oil futures…
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...Keeps soaring, amidst severe economic challenges Nigeria’s inflation rate has surged to 22.04%, the highest in over 17 years, leaving many citizens grappling with rising costs of goods and services. From food items to other…
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