The House of Representatives’ Ad Hoc Committee on Recovery of Outstanding Debts Owed By Oil and Gas Companies has advanced drastic steps to recover a total...
Nigeria’s national power grid today collapsed again, leaving the entire country without electricity supply. The latest collapse followed weeks of bickerings among operators that has led...
The Federal Government is open to onshore and natural gas investments in Nigeria by the Turkish government, the Minister of State for Petroleum Resources, Chief Timipre...
Lists benefits for economy, shareholders Apparently worried by unending inquiries by its happy investors and stakeholders who barely a week ago welcomed its share deal...
Seplat Energy Plc on February 25 announced an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU), a subsidiary of ExxonMobil. In...
Wednesday was another day of wild market moves, mainly in commodity markets as echos of sanctions and fear of supply disruption triggered by the ongoing war...
Lingering controversy between Oyo State government and Electricity Distribution Company (IBEDC) took a sharp turn on Wednesday as the government sealed off some offices belonging to...
Long queues that recently resurfaced at many petroleum stations in the country have been attributed to a batch of adulterated and contaminated petrol supplied by Nigerian...
Coming from a seven-year high record of $90 per barrel last week, oil prices in the global market set a new record on Monday, trading above...
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...