The Naira on Monday depreciated against the dollar at the parallel market, just as crude oil prices hit five-week highs yesterday, gaining about 10 percent in...
Federal Government said yesterday that it has saved about N1.4 trillion that would have been paid as subsidy to oil marketers as a result of the...
Transnational Corp. of Nigeria Plc has suspended plans to build one of the nation’s biggest power plants as a local gas shortage makes it difficult to...
Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, yesterday, painted a gloomy picture for the Nigerian economy, stating that Nigeria’s crude oil production has dropped...
•CBN, NBET, huge debts, forex, vandalism blamed for woes •NBET: We’ve paid N186bn •CBN: GENCOs haven’t met conditions for disbursment Nigerian Bulk Electricity Trading Plc, NBET...
The Petroleum Products Pricing Regulatory Agency (PPPRA) says that taxation of petroleum products like fuel, diesel, kerosene and gas holds a huge revenue potential for Nigeria....
The Nigeria Liquefied Natural Gas Limited (NLNG), today, appointed Mr. Tony Attah, as its Managing Director and Chief Executive Officer, to take over from Babs Omotowa,...
Nigeria’s multi-billion dollar investment in the West African Gas Pipeline Company, WAPCO, is in jeopardy as management of the company, yesterday, raised an alarm that it...
Nigerian oil output rose last month following repairs to infrastructure that had been damaged by militant attacks. Nigeria pumped an average of 1.53 million barrels a...
A new Group Managing Director has been appointed for the Nigeria National Petroleum Corporation NNPC. He is Dr Maikanti Kacalla Baru. By this appointment the President...
Nigeria in May exported 1.89 million barrel per day contrary to fears that crude export has dropped to as low as 1.3 million barrel per day....
The arraignment of a former Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu, has been fixed for July 4. Yakubu and Jide...
The Central Bank of Nigeria, CBN, has warned that vandalism of oil facilities may worsen the country’s ranking on the global ease of doing business The...
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Mr Waziri Adio, said Nigeria lost billions of dollars in 2013 to sharp financial practices in the...
Nigeria’s crude oil export dipped further by 130,000 barrels per day, as operators yesterday said the Trans Niger Pipeline, TNP, operated by Shell Nigeria, has been...