Rising oil prices could create $500bn stranded asset trap – Report Major oil companies could get caught in a stranded asset trap worth as much as...
With a whopping deficit of approximately N2 trillion out of its projected N2.511 trillion, the Nigerian National Petroleum Company (NNPC) Limited, was unable to remit roughly...
Nigerian integrated petroleum products marketing company, Ardova Plc, has expressed its optimism to complete and bring on stream its 20,000 metric tonnes Liquefied Petroleum Gas (LPG)...
The Minister of Finance, Budget and Economic Planning, Hajia Zainab Ahmed, said in Abuja on Monday that the Federal Government had postponed the planned removal of...
Petroluleum products marketing giant, Ardova Plc, at the weekend it would finish construction of its new world-class Liquefied Petroleum Gas (LPG) storage facility located in Ijora,...
The Assets Management Corporation of Nigeria (AMCON) has taken over the Ibadan Electricity Distribution Company (IBEDC) Ltd over insolvency. The Chief Operating Officer (COO) Engineer John...
The Niger Delta Power Holding Company on Monday announced the shutdown of its 504 megawatts Alaoji Power Plant following the vandalism of a part of the...
Dangote Petroleum Refinery has received more up-votes as more economic groups and experts express optimism on its ability to unlock growth in the downstream sector of...
The group of oil producers comprising OPEC and non-member participants including Russia agreed to extend the 400,000 bpd monthly supply increments into February 2022, arguing that overblown Omicron...
A total of 350 pipeline points were vandalised from January to July this year, the latest data obtained from the Nigerian National Petroleum Company Limited have...
NNPC’s remittances to FAAC fall by N1.78trn as Petrol subsidy hits N1.16tn in 11 months Nigerian National Petroleum Company Limited’s (NNPC) contribution to the federation accounts...
The Nigerian National Petroleum Company Limited (NNPC) has announced that it earned N2.56 trillion revenue from the sale of white products (petrol, kerosene, diesel) in about...
By CSL Research With the current realities, the goal to bridge the nation’s metering gap does not appear to have an end in sight in...
The Federal Government has outlined nine completed and ongoing hydropower projects being prepared to add 2,672 megawatts of electricity to the national grid. It outlined the...
The Nigerian Electricity Regulatory Commission (NERC) has put the number of unmetered power customers across the country at about 6.3 million, despite the mass deployment of...
Individual Nigerians and corporate bodies alike rely on generators powered by petrol, diesel and gas to provide 48.6 per cent of the electricity they consume across the...
Nigeria and other exporting nations across the world cash in short on the proceed from crude oil per barrel in November following price depreciation in the...
The cost of Premium Motor Spirit (PMS), also known as petrol, imported into Nigeria from January to September this year surged by 55.56 per cent to...
Debt failure: UBA seizes AEDC’s 60% equity The United Bank for Africa (UBA) took over 60 per cent equity of private investors in Abuja Electricity Distribution...
Royal Dutch Shell has made its first foray into selling power to households in Australia, teaming up with an infrastructure fund to buy Meridian Energy’s local electricity business...