Conoil posts N424m profit in Q1 2021 Conoil Plc, chaired by Nigeria’s business mogul, Mike Adeuga has published it financial scorecards for the first...
Oil rises on bullish API inventory report The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 439,000 barrels...
OML 118: NNPC signs deep-water agreement to unlock $10bn investments The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract partners have executed...
Global green bonds hit $1.1tn, says report A report by Climate Bonds Initiative, an international non-profit organisation dedicated to climate change solutions and promoting...
Nigeria imports 1.68 billion litres of petrol in January – NNPC Latest figures in the financial and operations report of the Nigerian National Petroleum...
Electricity consumers condemns proposed tariff hike Electricity consumers in Nigeria, on Sunday, “outrightly rejected” plans by the Nigerian Electricity Regulatory Commission (NERC) to review...
Shell records 73 oil spills across Niger Delta in 6 months The Shell Petroleum Development Company of Nigeria Limited (SPDC) experienced 73 oil spill...
OPEC+ to relax oil production cuts by 600,000bpd in May The Organisation of Petroleum Exporting Countries and its allies (OPEC+) seem set to ease...
Rising oil price, falling naira rate push petrol landing cost to N216.31 The twin factors of rising global oil prices and depreciation of the naira...
Nigeria: Electricity generation plunges below 4,000 megawatts Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as 11 plants were idle,...
We’ve invested $1bn in power sector – Tony Elumelu Tony Elumelu, Chairman of Transcorp Group and United Bank for Africa (UBA) Plc has disclosed...
FG begins installation of 100kWp power plant in Cross River community The Federal Government has begun the installation of a 100 Kilowatts Peak (KWP)...
Discos failed to pay N510.53bn in 2020 – NERC Power distribution companies (Discos) in Nigeria failed to pay a total of N510.53bn for the...
FG moves to revive rotting $600m oil fabrication yard in Lagos The Federal Government has said it is ready to champion revival of $600 million...
Nigerians to buy petrol for N234 per litre as NNPC get tired of N120bn monthly subsidy payment The Nigerian National Petroleum Corporation (NNPC) has...
Expect petrol from Port Harcourt Refinery after 18 months — NNPC The Nigerian National Petroleum Corporation (NNPC) said on Monday that the Port Harcourt...
FG approves N575bn for immediate rehabilitation of Port Harcourt refinery The Federal Executive Council (FEC), presided over by President Muhammadu Buhari on Wednesday, approved the...
AfDB commits $530m to renewable power transmission in Angola The African Development Bank (AfDB) has committed $530 million to finance the construction of a 343...
Nigerian oil producers earn $2.4bn on 39.2mb exported in February Oil producers in Nigeria raked in $2.4304 billion from oil exports into the market controlled...
Nigerians’ fear comes true as petrol hits N212 per litre Barely two weeks after the Nigerian National Petroleum Corporation (NNPC) promised there would be no price...