Oil prices have dipped to their lowest levels in six weeks, with both Brent and WTI dropping below the psychologically important $80 per barrel mark for...
Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was weighing releasing oil reserves and as the COVID-19 situation...
The leadership of the Senate has directed its Committee on Local Content to immediately commence investigations into the alleged breach of local content law by an...
Brent, the international benchmark, rose as much as 0.9 per cent to $80.22 a barrel early on Tuesday, hitting a three-year high for the second consecutive...
The African region in dare need of investments to fulfill sustainable energy target as emerging markets struggle to provide $4.226 trillion private sector investment required for...
Oil prices rose for a third week in a row to a near three-year high on Friday as global output disruptions have forced energy companies to...
About six million power users are still paying for electricity through estimated bills despite the various metering schemes adopted by the Federal Government and operators since...
Mele Kyari, the Group Managing Director of NNPC has said there is provision in the Petroleum Industry Act (PIA) that gives room for individuals to acquire...
NNPC incurred N473bn loss operating 3 moribund refineries – Report The Nigerian National Petroleum Corporation incurred a loss of N473.3 billion in operating moribund...
Gas pipeline code propels $500m investment proposal one year after launch Investors have proposed to spend over $500 million in building gas pipelines and...
NNPC gets FEC approval to hold 20% stake in Dangote Refinery The Nigerian National Petroleum Corporation (NNPC) has been given the approval to acquire...
REVEALED: Why power supply was poor on Salah Day Nigerians in various regions of the country experienced epileptic power supply on Tuesday amid Eid-el-Kabir celebration,...
Major oil marketers express commercial interests in Dangote Refinery The Major Oil Marketers Association of Nigeria (MOMAN) has said it is open to engage...
OPEC+ resumes oil policy talks amid Saudi-UAE clash OPEC+ ministers resume talks on Monday after failing to reach a deal on oil output policy...
CBN to support power firms with N240bn emergency expenditure The Central Bank of Nigeria (CBN) is providing N240 billion in emergency capital expenditure for...
BREAKING: Senate passes PIB, uproar in Senate over host communities fund There was uproar in the Senate Thursday during the consideration of the Joint Committee...
Electricity subsidy gulps N30bn per month, says FG The amount spent on subsidising electricity every month in Nigeria is now about N30 billion, the...
Why we’re borrowing to buy 20% stake in Dangote Refinery – FG The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam...
Minister says petrol should sell above N280/litre The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said the...
Crude Oil Nears $77 to Hit Three-year Level The price of crude oil continued its rally yesterday with Brent, Nigeria’s oil benchmark, nearing $77,...