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News - Page 144

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

G7 Agrees 100 Million-Barrel Oil Release to Ease Global Energy Market Pressure

October 3, 2026

The Group of Seven (G7) agreed on Friday to coordinate the release of 100 million barrels of oil through the International Energy Agency (IEA) over four months, including a substantial front-loaded release

Events & Opportunities·News

BSN Nigeria Graduates 82 MBA Holders, Takes Nigerian Alumni to 1,156

October 3, 2026

Business School Netherlands (BSN) Nigeria has graduated 82 Nigerian professionals with Action Learning Master of Business Administration (MBA) degrees, bringing the number of Nigerian graduates from the programme to about 1,156, Prime

Business News·Finance & Economy·News·Nigeria·Oil & Gas

Manufacturers Call for Natural Gas Shift to Maximise Production

Manufacturers in southeast Nigeria have urged a shift from diesel to natural gas to lower soaring energy costs and boost industrial growth, warning that unreliable and expensive power supply threatens the survival of factories. Adaora Chukwudozie, chair of the South-East region of

March 6, 2026

Business News·News·Oil & Gas

‘Imported Petrol Cheaper Than Local Supply,’ Marketers Challenge Dangote

Imported petrol is currently cheaper than fuel supplied by Nigeria’s Dangote refinery, according to data from the Major Energies Marketers Association of Nigeria (MEMAN), as rising global oil prices linked to tensions between the United States, Israel and Iran push up domestic

March 6, 2026

Africa·News·Politics·Top Stories

Nigeria Congratulates Ghana on 69th Independence Anniversary

Nigeria on Friday congratulated Ghana on the occasion of its 69th independence anniversary, reaffirming longstanding diplomatic and cultural ties between the two West African neighbours. In a statement issued by the foreign ministry, Nigeria’s Minister of Foreign Affairs Yusuf Tuggar conveyed the

March 6, 2026

News·Nigeria·Top Stories

Court Grants Ex-Attorney General Malami Bail in $9m Laundering Trial

A Federal High Court in Nigeria’s capital Abuja on Friday granted bail to former attorney general Abubakar Malami, his wife and their son in an ongoing 9-billion-naira ($5.8 million) money-laundering trial brought by the country’s anti-graft agency. Malami, who served as attorney

March 6, 2026

News·Nigeria·Security·Top Stories

Suspected Militants Claim Deadly Attack on Borno Community

A group of suspected militants has claimed responsibility for a deadly attack on Ngoshe, a community in Gwoza Local Government Area of Borno State in northeastern Nigeria, where scores of soldiers and civilians were reportedly killed and more than 300 people abducted.

March 6, 2026

News·Oil & Gas·Top Stories

Tinubu Announces Resolution of OPL 245 Dispute, Paves Way for Deepwater Oil Investment

President Tinubu has announced the resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245, clearing the path for the development of one of Nigeria’s most commercially promising deepwater oil blocks. The settlement, signed in Abuja, involves the Federal Government of

March 6, 2026

News·Nigeria·Top Stories

Amnesty International Condemns Trial, Detention of Senator Ugwuanyi

Global rights organisation Amnesty International has strongly condemned the trial and detention of Chijinkem Ugwuanyi, describing the charges against the senator as baseless and a threat to freedom of expression, Prime Business Africa reports. Ugwuanyi was remanded in prison in Enugu on

March 6, 2026

Business News·FEATURES·Nigeria·Oil & Gas·Top Stories

10 Things to Understand About Tinubu’s Executive Order on Oil Revenue Remittance

Nigeria’s oil revenue management system is undergoing a major shift following a new directive from President Bola Tinubu. The policy, known as Executive Order 9 of 2026, took effect on February 13, 2026, and mandates the direct remittance of oil and gas

March 6, 2026

FG, States, LGAs Shares N1.411trn Revenue In October, FAAC Reveals

Business News·FEATURES·Nigeria·Top Stories

7 Ways the New Oil Revenue Policy Could Affect State Allocations

Nigeria’s revenue-sharing system may be heading for a major shift following a new policy on how oil income is handled. In February 2026, President Bola Tinubu signed Executive Order 9 of 2026, directing that all oil and gas revenues be paid directly

March 6, 2026

FEATURES·Nigeria·Politics·Top Stories

10 Key Changes INEC Is Making Ahead of Nigeria’s 2027 General Elections

Nigeria’s electoral umpire, the Independent National Electoral Commission (INEC), has begun implementing a series of reforms aimed at improving transparency, reducing litigation, and strengthening public confidence ahead of the 2027 general elections. The reforms follow the enactment of the Electoral Act 2026,

March 6, 2026

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India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

On Thursday, the official foreign exchange (FX) rate for the

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News - Page 144

G7 Agrees 100 Million-Barrel Oil Release to Ease Global Energy Market Pressure

BSN Nigeria Graduates 82 MBA Holders, Takes Nigerian Alumni to 1,156

Manufacturers Call for Natural Gas Shift to Maximise Production

‘Imported Petrol Cheaper Than Local Supply,’ Marketers Challenge Dangote

Nigeria Congratulates Ghana on 69th Independence Anniversary

Court Grants Ex-Attorney General Malami Bail in $9m Laundering Trial

Suspected Militants Claim Deadly Attack on Borno Community

Tinubu Announces Resolution of OPL 245 Dispute, Paves Way for Deepwater Oil Investment

Amnesty International Condemns Trial, Detention of Senator Ugwuanyi

10 Things to Understand About Tinubu’s Executive Order on Oil Revenue Remittance

7 Ways the New Oil Revenue Policy Could Affect State Allocations

10 Key Changes INEC Is Making Ahead of Nigeria’s 2027 General Elections

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G7 Agrees 100 Million-Barrel Oil Release to Ease Global Energy Market Pressure

BSN Nigeria Graduates 82 MBA Holders, Takes Nigerian Alumni to 1,156

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India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

G7 Agrees 100 Million-Barrel Oil Release to Ease Global Energy Market Pressure

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