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The All-Share Index edged up 0.01 per cent to 247,707.13 points for a second straight gain, but decliners outpaced gainers and the value of trades contracted sharply, leaving the rally resting on a narrow band of energy stocks.

Brent eased about 0.5 per cent to roughly $105.30 but was set for a weekly gain as Middle East shipping risk, Hurricane Isaias shut-ins and pressure for a 100 million barrel IEA reserve release kept the market unsettled.

Nigeria has unveiled a portfolio of 65 investment projects requiring a combined $78.5 billion, presented to global investors at the IMF-World Bank annual meetings in Bangkok, with energy and transport accounting for most of the capital sought.

The Rural Electrification Agency estimates that more than 11,000 rural telecom base stations consume over 40 million litres of diesel every month, highlighting the cost of powering network infrastructure in underserved communities.

Nigerian electric mobility company MAX has extended its Series B3 round to $29 million after an investment from US climate fintech Nithio, funding expansion of electric vehicle financing and battery swapping across West and Central Africa.

At its annual meetings, the International Monetary Fund urged Nigeria to broaden its revenue base beyond oil and redirect subsidy savings to vulnerable households, warning that blanket energy subsidies are expensive, regressive and unsustainable.

Nigerian electric mobility firm MAX has extended its Series B3 round to $29 million after new financing from Nithio, with proceeds earmarked for vehicle financing and solar-powered battery swapping.

Nigerian telecom operators spend more than $350 million a year on diesel, consuming over 40 million litres monthly, while the switch to solar-hybrid power remains stuck at about a fifth of towers.

Minister of Power Joseph Tegbe says there is no plan to raise electricity tariffs, insisting the focus is round-the-clock supply as the FG flags off 17.7MW of mini-grids in Oyo State.

Brent slipped toward $104 and WTI to about $94 as supply-route fears eased, a move with direct consequences for Nigeria's budget and FX earnings.

A senior Afreximbank official toured Elektron Energy's 40-megawatt plant in Victoria Island, Lagos, on Wednesday, a visit that highlights embedded power's growing role in Nigeria.

The CPPE says NNPC's temporary petrol discount is a pragmatic response to a global energy shock, not a return to the subsidy regime it rejects.

Shell has agreed to sell Shell Nigeria Gas Group to Vaaris Energy Limited, the latest step in the oil major's restructuring of its Nigerian portfolio.

The state oil company's retail arm is giving up its margin for 30 days, offering temporary relief without imposing a nationwide pump price.

The ramp-up is reshaping the import bill and the economics of downstream distribution.

Higher receipts from energy and agriculture offset a rise in the import bill.

Softer crude prices and maintenance downtime are expected to weigh on results.

The World Energy Council Nigeria says the country has 44 critical mineral types, but attracting serious private capital will depend on ...

March trade flows marked a structural shift for a country that spent decades importing petrol despite being one of Africa's largest crude producers.