Oil marketers on have decried losing over N320 billion worth of investments as a result of government imposed product prices. The marketers under the aegis of...
The power sector owes Niger Delta Power Holding Company (NDPHC) an outstanding balance of N160 billion, Chiedu Ugbo, the managing director, has disclosed on Wednesday. He...
The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said there is a need for Nigeria to act fast and address...
The Federal Government spent N8.94 trillion on petrol subsidy between 2006 and 2015, figures released by the Petroleum Products Pricing Regulatory Agency (PPPRA) on Monday has...
The Nigerian National Petroleum Corporation (NNPC) has shortlisted 78 companies to bid for the rehabilitation of oil pipelines and depot infrastructure across the country. Over 300...
The federal government of Nigeria has launched an initiative as part of the Economic Sustainability Plan (ESP) to achieve the roll out of 5 million new...
The Nigerian Electricity Regulatory Commission has directed power distribution companies to collect an average of about 85.84 per cent of the newly increased electricity tariffs from...
Nigerian government is now thinking about privatising it's four refineries by selling majority stakes that it had hold done to over the years
According to the Petroleum Products Pricing Regulatory Agency (PPPRA), the federal government is no more going to be releasing guiding price bands for the sale of...
The new refinery, with a capacity to produce 200,000 barrels per day and 10 million tonnes per annum, is expected to be operational in 2024.
Latest figures from the Nigerian National Petroleum Corporation (NNPC) have shown that the government-owned oil firm made an under-recovery of N5.348 billion in June this year....
By CBN In line with a directive of the Power Sector Coordination Working Group to improve payment discipline in the Nigerian Electricity Supply Industry (NESI), and...
Captains of the energy industry have converged recently to chart the way forward for successful energy transition in Africa. This concern shown by the industry players...
The gradual but steady improvement in electricity delivery in the nation’s power sector is attributable to the keen interest of the current administration of President Muhammadu...
By CSL Research Recently, the Minister of Power, Sale Mamman disclosed that the power deal between Nigeria and Siemens AG, a renowned German firm, will lead...
BusinessMetricsNG with wired report As the Nigerian economy continues to gasp for breath following devastating blow from the incursion of Coronavirus pandemic, the volume of...
Saudi state oil group Aramco’s profit plunged 73 per cent in the second quarter of the year, as a slump in energy demand and prices due...
The United Bank for Africa Plc (UBA) recently acted as lead arranger of a consortium of domestic and international banks in a $1.5 billion Pre-Export Finance...
…As Ahmed laments many headwinds troubling economy The woes around funding reviewed 2020 budget have deepened for the Federal Government as only 35 per cent of...
The Federal Government has ordered all contractors handling power projects across the country to return back to their various sites following the gradual relaxation of the...