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,...
Mass metering first phase to gulp N60bn, says FG The Central Bank of Nigeria (CBN) is providing N60 billion for one million electricity...
Nigeria begins construction of its $7bn NLNG Train 7 project Nigeria has flagged off construction of its Nigeria LNG Limited’s (NLNG) Train 7 project...
Brent price surpasses $74 per barrel to trade 32-month high Crude oil prices have jumped on growing demand optimism as Brent crude trades over...
FCMB boosts renewable energy support with N20.9bn credit First City Monument Bank (FCMB) said it has executed credit enhancement agreements worth N20.9 billion to support...
Solmont Technologies commits fresh $70m to solar panel manufacturing in Nigeria Targets 1,000 Megawatts annual generation In a bid to bridge the age-long electricity...
Nigeria ranks low as 1bn people gained access to electricity in 10 years Despite annual budget allocations to the power sector, the World Bank...
NIPCO controls 35% Nigeria’s LPG supply market – MD NIPCO supplied 35 per cent of Nigeria’s Liquefied Petroleum Gas (LPG) in 2020, as a...