How Nigeria lost 41% in oil export proceeds Proceeds from oil export fell by a whopping 41.44 per cent to $2.033 billion in the first...
NNPC rakes in $120.49m crude oil revenue in September The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and...
FG bears 55% cost of power consumed by Nigerians, says minister Suspends controversial tariff hike The Federal Government of Nigeria is responsible for 55 per...
Nigerians kick as FG approve 50% electricity tariff increase Condemnation, anger and frustration are the words that capture expressions of many Nigerians, particularly in the...
NNPC revenue soars 37.3% TO N222.3bn in November The Nigerian National Petroleum Corporation (NNPC) recorded a gross revenue of N222.3 billion, excluding statutory and...
Nigeria targets N2.8trn revenue with new gas project Facility to provide 3.5m megawatts electricity in 25yrs About N2.8 trillion-revenue is expected from a new 200...
Seplat Petroleum, Waltersmith Refinery sign crude purchase agreement Seplat Petroleum Development Company Plc, has signed a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited....
AfDB approves $7m for mini-grid projects in Nigeria, others The Board of Directors of the African Development Bank (AfDB) has approved a $7 million grant...
NBS DATA: Nigeria imports petrol worth N1.62trn in 9 months Nigeria spent a total of N1.62tn on the importation of Premium Motor Spirit (petrol) from...
AKK Gas Pipeline: Nigeria secures fresh $2.21bn loan from China China has granted approval for a sum of $2.21 billion loan, representing 85 per cent...
The Director of Petroleum Resources (DPR), Sarki Auwalu, has promised to collaborate with the oil producers trade section (OPTS) of the Lagos Chamber of Commerce and...
Desmond Esorougwe, publisher and editor-in-chief of The Africa Brands magazine, has reiterated the need to properly profile the Africa oil & gas industry among its counterparts...
Nigeria’s oil production value surged to $2.7 billion as output hit 2.49 million barrels per day at the peak of COVID-19 in April, 2020. The last...
U.S. crude oil production is expected to fall by 860,000 barrels per day (bpd) in 2020 to 11.39 million bpd, the U.S. Energy Information Administration (EIA)...
Shareholders of Conoil Plc have approved the payment of N1.39 billion dividend proposed by the board of the oil marketing company. This came on the back...
The Nigeria National Petroleum Corporation (NNPC) says the country’s oil revenue target declined by N1.06 trillion due to COVID-19 and low crude oil price. Nigeria loses...
A Nigerian venture plans to raise N480 billion ($1.2 billion) over the next three years to buy electricity meters and help power distributors plug a revenue...
The Central Bank of Nigeria (CBN) has released the framework for the financing of National Mass Metering Programme (NMMP). The programmed is aimed at closing the...
The liabilities of the Nigerian National Petroleum Corporation (NNPC) Group has exceeded the assets of the oil firm by N4.4 trillion in 2019, the just released...
The Nigerian Stock Exchange (NSE) will host an Oil and Gas sector webinar on Tuesday, 20 October 2020. With the theme, Perspectives of Operators and Industry Experts Post-COVID-19, the...