The Central Bank of Nigeria (CBN) has released the framework for the financing of National Mass Metering Programme (NMMP). The programmed is aimed at closing the...
The liabilities of the Nigerian National Petroleum Corporation (NNPC) Group has exceeded the assets of the oil firm by N4.4 trillion in 2019, the just released...
The Nigerian Stock Exchange (NSE) will host an Oil and Gas sector webinar on Tuesday, 20 October 2020. With the theme, Perspectives of Operators and Industry Experts Post-COVID-19, the...
The Federal Government has secured a $350 million intervention fund from the Africa Development Bank (AfDB) for power sector just as the sale of three power...
The National Union of Petroleum and Natural Gas and the Petroleum and Natural Gas (NUPENG) Senior Staff Association of Nigeria have directed their members in Chevron...
Hints remittance order may lead salar payment Asks MDAs to settle N100bn electricity debts _______________________________________ The Electricity Distribution Companies (DisCos) have implored the National Assembly to...
Electricity distribution companies collected a total of N1.27 trillion from customers in the last three years, data obtained from the Association of Nigerian Electricity Distributors on...
The Federal Government has said that it does not make sense for oil to be cheaper in Nigeria than Saudi Arabia, Egypt, Niger Republic and Republic...
The power generation statistics for 2019 reflected that a total of 33,448,633 MWh of energy was generated by power stations, the National Bureau of Statistics (NBS)...
The presidency has promised to submit the long-awaited Petroleum Industry Bill (PIB) to the National Assembly in two or three weeks, sources have said at the...
Oil marketers on have decried losing over N320 billion worth of investments as a result of government imposed product prices. The marketers under the aegis of...
The power sector owes Niger Delta Power Holding Company (NDPHC) an outstanding balance of N160 billion, Chiedu Ugbo, the managing director, has disclosed on Wednesday. He...
The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said there is a need for Nigeria to act fast and address...
The Federal Government spent N8.94 trillion on petrol subsidy between 2006 and 2015, figures released by the Petroleum Products Pricing Regulatory Agency (PPPRA) on Monday has...
The Nigerian National Petroleum Corporation (NNPC) has shortlisted 78 companies to bid for the rehabilitation of oil pipelines and depot infrastructure across the country. Over 300...
The federal government of Nigeria has launched an initiative as part of the Economic Sustainability Plan (ESP) to achieve the roll out of 5 million new...
The Nigerian Electricity Regulatory Commission has directed power distribution companies to collect an average of about 85.84 per cent of the newly increased electricity tariffs from...
Nigerian government is now thinking about privatising it's four refineries by selling majority stakes that it had hold done to over the years
According to the Petroleum Products Pricing Regulatory Agency (PPPRA), the federal government is no more going to be releasing guiding price bands for the sale of...
The new refinery, with a capacity to produce 200,000 barrels per day and 10 million tonnes per annum, is expected to be operational in 2024.