By Umar Suleiman The House of Representatives has asked the Federal Government, through the Nigerian Petroleum Development Company (NPDC), to suspend the planned auction of Oil...
Renewvia Energy and its local partner, Incremental Energy Solutions Limited, have signed a long-term power supply contract with United Bank for Africa to supply their branches...
Geregu Power Plc and Africa Export and Import Bank (Afreximbank) have started discussions on possible acquisition of the shares of the electricity power generating company (Genco),...
As REA Celebrates 1 million solar home systems connections The Rural Electrification Agency (REA) has inked a Memorandum of Understanding with CarbonA1 Inc, an Alberta-based solar...
By Dele Castro Ogun State Governor, Dapo Abiodun has disclosed that Gasoline Integrated International, expressed its readiness to build a N3bn refinery in Tongeji Island, Ipokia...
The Federal Government has disbursed a total of $64.8m and committed $392m for the development of off-grid electrification projects in the 36 states of the federation...
In line with its strategic intent to always provide solutions and business support for its customers, leading financial institution, Fidelity Bank Plc, has announced plans to...
Nigeria and other African countries will require an average of $200 billion power grid investments in tranches of $40 billion annually for about five years to...
By Umar Suleiman The Nigerian National Petroleum Company Limited and Addax Petroleum Company signed an asset transfer agreement on Tuesday to bring an end to the...
Christy Animam The Lagos State Traffic Management Authority (LASTMA) has cautioned motorists queuing up for fuel at different filling stations thereby causing serious traffic gridlock to...
By United Capital Research Team Data from the Q1/Q2-2022 Electricity report released by the National Bureau of Statistics (NBS) revealed that the total electricity supplied by...
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Western Zone, has attributed the increase in the pump price of petrol to the hike in private depot...
Latest data released by the National Bureau of Statistics has revealed that the average price of cooking gas in the country rose significantly by 86.62% between...
Umar Suleiman A former governor of the Central Bank of Nigeria and vice chairman, Kaduna Investment Promotion Agency, Lamido Sanusi, has said the claim by the...
Ex-Governor of the Central Bank of Nigeria and vice chairman, Kaduna Investment Promotion Agency, Lamido Sanusi, has expressed his compassion for the next president that will...
By Umar Suleiman Minister of State for Petroleum Resources, Chief Timipre Sylva, has condemned Nigeria’s energy poverty amidst enormous natural resources in the oil, gas and...
The N3.92 trillion spent as subsidy on Premium Motor Spirit, popularly called petrol, from January 2020 to June 2022 is higher than the cumulative individual federal...
The Federal Government is set to re-open the Trans Niger Pipeline that transports about 180,000 barrels of crude oil daily. The pipeline was shut down six...
Oil is generally a critical commodity globally since it signifies the power of industrialization and affects the economy. Most people prefer to trade oil in oil...
By Olamide Onabanjo As Nigeria’s oil production crashed below the one million barrels per day mark in August, the fiscal woes of the country deepened as...