Nigerians are groping in darkness as the national electricity grid collapsed to a an infinitesimal nine megawatt on Sunday. Figures obtained on Monday from the Nigeria...
By Ahmed Ayanfe Consumers desperate for relief from the scourge of sky-high petrol prices won’t get it soon, if the latest forecast from Goldman Sachs commodity...
The power generation companies (GenCos) have attributed the current state of electricity generation in the country to the ₦1.644 trillion owed them by the Nigerian Bulk...
The National Bureau of Statistics (NBS) has disclosed that Nigeria spent N1.51 trillion on the imports of premium motor spirit, also known as petrol, in the...
Following the perennial power outages currently being experienced across the country; findings have shown that 20 gas power plants are currently under-performing, leading to power generation...
African Export-Import Bank (Afreximbank) has signed an Agreement with the African Petroleum Producers Organization (APPO) according to which both parties will collaborate on the establishment of...
Officials of the Nigerian National Petroleum Corporation (NNPC) have been implicated in a series of corrupt deals involving bribery of the officials by a Swiss firm...
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...
The Nigeria Content Development and Monitoring Board has highlighted divestment from hydrocarbons assets and energy shortage as two implications of energy transition with different impacts on...
The Federal Government has said that the existing trains of the Nigeria Liquefied Natural Gas company are witnessing insufficient gas supply, noting that this is why...
Following an announcement on 28 February 2022 that it had entered into an agreement with Savannah Energy Investments Limited, a subsidiary of Savannah Energy PLC, Lekoil...