AVEVA, a global leader in industrial software, driving digital transformation and sustainability, has signed two contracts with Kent, the leading engineering company in oil and gas...
A new partnership deal between the National Agency for Science and Engineering Infrastructure (NASENI) and the Rural Electrification Agency (REA) has been targeted at crashing the...
After many years of global talks around diversifying from fossils to reduce carbon emission, fossil fuels have continued to constitute over 80% of global energy mix....
The Government of Korea and the African Development Bank (AfDB) on Wednesday signed two agreements for financial support to boost Africa’s development agenda. The financing deal...
By Umar Suleiman A fall in Nigeria’s oil production below its allowable quota by over four million barrels in July has led to loss of potential...
Major and independent petroleum product marketers in Lagos State have shut down their dispensing outlets over speculation of possible hike in pump price of Premium Motor...
Efforts are on top gear by the Nigerian Communications Commission (NCC) to introduce a policy to encourage green energy usage in the country’s $75.6 billion-worth telecommunications...
The Central Bank of Nigeria (CBN) has said Nigerians can receive naira for diaspora remittances. The CBN gave the directive in a circular no TED/FEM/PUB/FPC/001/004 to...
By Sandra Orim Canadian energy firm, WATT Renewable Corp. is working towards raising about $100 million by the end of 2024 to expand its business of...
Nigeria’s electricity export has earned the country a total of $369.22 million in the last two years, BUSINESS METRICS has gathered. Data obtained from the Central...
The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump prices of petrol (PMS) by over 200 per cent bringing the price of fuel to between N488...
The Nigerian National Petroleum Company (NNPC) Limited has described total removal of fuel subsidy as announced by the President Bola Tinubu, Nigeria’s new president, as a...
Nigeria’s new President, Bola Tinubu says the era of subsidy payment on fuel has ended. He said the 2023 Budget made no provision for fuel subsidy...
The argument that fuel subsidy payment in Nigeria only benefits the rich has just been reinforced by Mr. Akinwunmi Adesina, President of the African Development Bank...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said fuel marketers yet to obtain licence have till June 1 to remain in business. The...
By Rosemary Iwuala TAG Energy Group, a leading Nigerian oil and gas integrated service company, has announced its partnership with Bosch Rexroth Africa Development, a manufacturer...
Nigeria has lost its status as Africa’s largest oil producer to Angola as Africa’s largest economy saw its oil output decline the most in April among...
As Production Drops to 1.25 Million Barrels Per Day Average oil production in Nigeria has reduced to 1.25 million barrels per day, latest data obtained from...
By Rosemary Iwuala The UK Supreme Court on Wednesday ruled that it was too late for Nigerian claimants to sue two Shell (SHELL) subsidiaries over a...
The National Bureau of Statistics (NBS) revealed on Monday that average retail price of Automotive Gas Oil paid by consumers increased significantly in the last one...