Latest figures from the Nigerian National Petroleum Corporation (NNPC) have shown that the government-owned oil firm made an under-recovery of N5.348 billion in June this year....
By CBN In line with a directive of the Power Sector Coordination Working Group to improve payment discipline in the Nigerian Electricity Supply Industry (NESI), and...
Captains of the energy industry have converged recently to chart the way forward for successful energy transition in Africa. This concern shown by the industry players...
The gradual but steady improvement in electricity delivery in the nation’s power sector is attributable to the keen interest of the current administration of President Muhammadu...
By CSL Research Recently, the Minister of Power, Sale Mamman disclosed that the power deal between Nigeria and Siemens AG, a renowned German firm, will lead...
BusinessMetricsNG with wired report As the Nigerian economy continues to gasp for breath following devastating blow from the incursion of Coronavirus pandemic, the volume of...
Saudi state oil group Aramco’s profit plunged 73 per cent in the second quarter of the year, as a slump in energy demand and prices due...
The United Bank for Africa Plc (UBA) recently acted as lead arranger of a consortium of domestic and international banks in a $1.5 billion Pre-Export Finance...
…As Ahmed laments many headwinds troubling economy The woes around funding reviewed 2020 budget have deepened for the Federal Government as only 35 per cent of...
The Federal Government has ordered all contractors handling power projects across the country to return back to their various sites following the gradual relaxation of the...
Energy firms in the country owe Nigerian banks a total of N5.59 trillion, the sectoral analysis of banks’ credits by the Central Bank of Nigeria (CBN)...
The Federal Government has reshuffled the top management of the Nigerian National Petroleum Corporation (NNPC) through deployments and new appointments. Announcing the changes at the corporation...
Against the background of the tough challenges that marked the operating environment of the downstream oil sector, the nation’s total energy provider, Conoil Plc turnover still...
The nation’s electricity grid has collapsed 108 times after the power sector was privatised, data from the Transmission Company of Nigeria (TCN) have shown. The TCN,...
A total of 5.26 billion litres of premium motor spirit (PMS) also know petrol were imported for consumption in the first three months of 2020. The...
Nigeria may face petrol scarcity if oil workers make good the threat of withdrawing their services nationwide should the Federal Government insist on registering employees in...
Seplat Petroleum Development Company Plc, has announced the completion of transfer of the business activities and assets of OMLs 4, 38 and 41 from the Holding...
The United States’ import of Nigeria crude oil plunged by 63.03 per cent in the first quarter of this year, compared to the last quarter of...
Engr. Sarki Auwalu, director and CEO of Nigeria’s Department of Petroleum Resources (DPR), told the press about how the country is strategically implementing OPEC-mandated production cuts...
The Dangote oil and gas refinery remains on track to be operational in early 2021 despite the disruption caused by the COVID-19 pandemic, Devakumar Edwin, its...