It was a harvest of praises by representatives of Nigerian shareholder groups who were at Seplat Energy Plc 9th Annual General Meeting (AGM) which held in Lagos...
Nigeria’s crude oil production fell to an average of 1.219 million barrels per day (mbpd) in April 2022, representing a 1.53% decline compared to 1.238mbpd recorded...
The Board of Directors of the African Development Bank (AfDB) has approved two loans amounting to $180 million to co-finance a major energy project that will...
Nigerians have had to deal with prolonged darkness a total of 2,495.3 megawatts of electricity not utilised nor distributed by power distribution companies in one week....
The Federal Government is planning to withdraw tariff shortfall, averaging N200 billion yearly, in the power sector by the end of the year. Between 2015 and...
The Federal Government through the National Oil Spills Detection and Response Agency (NOSDRA) has confirmed and regretted an oil leak from a 12-inch Benisede-Brass Creek Delivery...
The ongoing war by Russia in Ukraine is making the global oil market highly volatile, the Organisation Petroleum Exporting Countries (OPEC) declared on Monday. Speaking at...
The rising cost of crude oil will increase the cost of Nigeria’s gasoline subsidy by nearly ten times what it had originally budgeted, Nigeria’s President Muhammadu...
Lekoil Nigeria Limited has filed a petition in the Grand Court of Cayman Island Court to request the just and equitable winding up of Lekoil Cayman...
Transcorp Hotels Plc spent about N1.6 billion in 2021 to provide power to its hotels across Nigeria. Chairman of the company, Emmanuel Nnorom, who disclosed this...