35 h. ago Infrastructure projects to suffer as international oil prices decline – Adelabu

…seeks further collaboration With EU Adebayo Adelabu, Nigeria’s minister of power has decried the impact of the continuous drop in read more Infrastructure projects to suffer as international oil prices decline – Adelabu

Politics

40 h. ago Oil price slump as tariff tension pushes Nigeria’s FX market into turbulence

By Chinwendu Obienyi Nigeria’s foreign exchange (FX) market is once again facing renewed volatility as global economic uncertainties, driven by slumping oil prices and protectionist trade measures from the United States, continue to exert pressure on the naira and the nation’s external reserves. Daily Sun gathered that despite demand pressures and intervention by the Central […] The post Oil price slump as tariff tension pushes Nigeria’s FX market into turbulence appeared first on The Sun Nigeria.

Politics

4 d. ago Oil Prices Regain 3% After Trump’s Pause On Tariffs Increase

Oil prices rose on Wednesday, bouncing back from four-year lows earlier in the session, after U.S. President Donald Trump announced he would further increase tariffs on China but pause the tariff increases he announced last week for most other countries. Trump authorised a 90-day pause as part of his tariff plan but also raised the […]

Politics

5 d. ago Oil prices up 3% after Trump declares pause on most tariffs but higher tariff on China – Reuters

Oil prices climbed on Wednesday, bouncing back from four-year lows earlier in the session, after U.S. President Donald Trump announced read more Oil prices up 3% after Trump declares pause on most tariffs but higher tariff on China – Reuters

Politics

5 d. ago Oil prices fall further, throwing Nigeria’s budget in turmoil

Oil prices retreated on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he read more Oil prices fall further, throwing Nigeria’s budget in turmoil

Politics

5 d. ago Oil prices hit pandemic level in threat to Nigeria’s revenue

Nigeria’s economy is facing a renewed strain as global oil prices plummet, reaching levels reminiscent of the devastating downturn experienced read more Oil prices hit pandemic level in threat to Nigeria’s revenue

Events

5 d. ago Petrol price, oil imports to drop as FG announces continuation of naira

By Adewale Sanyaolu Hopes of a further drop in fuel price brightened yesterday as the Federal Government announced the continuation of the Naira-for-Crude policy. In a statement, the ministry of finance announced that the decision to sustain the initiative was taken after a meeting of the technical sub-committee on the crude and refined product sales […] The post Petrol price, oil imports to drop as FG announces continuation of naira-for-crude deal appeared first on The Sun Nigeria.

Politics

6 d. ago Nigeria’s oil revenue threatened by price drop to $59 per barrel

The price of crude oil has dropped to $59 per barrel, the first decrease since February 2021. According to reports on Wednesday, Brent crude, global oil price, fell by 5.09 percent to $59.62 per barrel at 12.30 WAT, while the US West Texas Intermediate fell by 5.54 percent to $56.28 per barrel. The fall in […] The post Nigeria’s oil revenue threatened by price drop to $59 per barrel appeared first on The Sun Nigeria.

Politics

6 d. ago China retaliates with 84% tariffs on US goods, pushes oil price below 2021 levels

China’s finance ministry has announced an 84% tariff on all goods imported from the US. The ministry says that these read more China retaliates with 84% tariffs on US goods, pushes oil price below 2021 levels

Politics

6 d. ago Goldman Sachs Slashes Oil Price Forecast To $58/b On Recession Fears

Goldman Sachs has slashed its oil prices forecasts again and now expects Brent Crude to average below $60 per barrel next year, at $58, amid recession risks, slowing demand, and more supply from the OPEC+ producers. The investment bank had previously forecasted oil demand growth at 600,000 barrels per day (bpd) this year but now […]

Economics

7 d. ago Crude crash: FG’s 2025 budget jerks again, marketers anticipate price cut

The global crash in crude oil prices has put Nigeria’s 2025 budget under more threat, even as fuel marketers await a possible reduction in the prices of petroleum products. According to experts who spoke with our correspondent, the crude oil crash occasioned by the tariffs imposed on countries by United States President, Donald Trump, has Read More

Events

8 d. ago Crude price crash: Petrol can drop below N400/litre — Refiners

Crude Oil Refinery Owners Association of Nigeria has said that the price of Premium Motor Spirit (petrol) can drop below N400 per litre with the current crash in crude oil prices. CORAN argued that there is no reason petrol should not be sold at NN350 per litre if crude prices eventually fall to $50 per Read More

Events

1 week ago Nasarawa trains staff on PPPs to tackle infrastructure deficit

The Nasarawa State Government has trained management staff of Ministries, Departments and Agencies in the state in tools to implement climate-smart Public Private Partnership projects, to address infrastructure deficit and boost the state’s economy. The capacity building workshop was anchored by the Nasarawa State Investment and Development Agency in collaboration with the United Kingdom Nigeria Read More

Politics

1 week ago Adeleke knocks APC for criticising N159bn infrastructure projects

The Osun State chapter of the All Progressives Congress on Thursday accused Governor Ademola Adeleke of failing to deliver on the N100bn infrastructural projects he launched in the last quarter of 2023. The opposition party subsequently declared that the second phase of the infrastructural plan, under which the governor proposed to spend N159bn on various Read More

Politics

1 week ago Over 60% of corruption cases involve diversion of healthcare, infrastructure funds—ICPC

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Musa Aliyu (SAN), has revealed that over 60 per cent of corruption cases investigated by the commission involve the diversion of public resources meant for critical projects such as healthcare and infrastructure. Aliyu made this disclosure on Thursday during a stakeholders’ meeting in Read More

Politics

2 w. ago Federal Gov’t Mobilises Pension Funds To Finance 5,000km Of Roads

The Nigerian government has announced plans to mobilise pension funds to finance the construction of 5,000 kilometres of roads. This plan has raised concerns about transparency and the potential risks of diverting retirees’ savings to build infrastructure projects. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed the initiative during an online […]

Politics

2 w. ago Removing FCT From Treasury Single Account Was Key To Accelerating Development – Tinubu

President Bola Ahmed Tinubu has disclosed that he removed the Federal Capital Territory (FCT) from the Treasury Single Account (TSA) to accelerate development and address infrastructure challenges. The President explained that the TSA system was restricting financial flexibility, delaying critical infrastructure projects, and needed to be reviewed for greater impact and progress. By exempting the […] The post Removing FCT From Treasury Single Account Was Key To Accelerating Development – Tinubu appeared first on Information Nigeria.

Politics

2 w. ago Segilola Resources Strengthens Ties With Host Communities Through Major Infrastructure Projects

As part of its unwavering commitment to sustainable community development, Segilola Resources Operating Limited (SROL) is making significant strides in infrastructure and local development for its host communities with two major projects: the construction of a royal palace for Imogbara and the development of the Imogbara-Odo-Ijesa road. The 2.4 km road project began in late […]

Politics

2 w. ago Wike inspects key projects in FCT, vows May completion date for Tinubu’s second anniversary in office 

From Juliana Taiwo-Obalonye, Abuja   Minister of Federal Capital Territory (FCT), Nyesom Wike on Wednesday conducted a comprehensive inspection of critical infrastructure projects, reaffirming timelines for completion ahead of President Bola Tinubu’s second anniversary in May. The sites visited according to a statement issued by Director of Press, Anthony Ogunleye, included the International Conference Centre […] The post Wike inspects key projects in FCT, vows May completion date for Tinubu’s second anniversary in office  appeared first on The Sun Nigeria.

Politics

2 w. ago Diri receives FG delegation on Nembe/ Brass Road, commends Tinubu

From Femi Folaranmi, Yenagoa Bayelsa Governor, Senator Douye Diri, has commended President Bola Tinubu for his administration’s commitment to the second phase of the Nembe-Brass Road project. He gave the commendation when he received the project’s contractors, A.I.L Infrastructure Limited, to Government House, Yenagoa. The project, which had been on the drawing board for over […] The post Diri receives FG delegation on Nembe/ Brass Road, commends Tinubu appeared first on The Sun Nigeria.

Politics