Nigeria’s electricity generation capacity yesterday hit 4,132.7 megawatts (MW) from about 3,300mw recorded last week. The increase can be attributed to the reopening of the about...
Nigeria has announced plans to build modular refineries with capacity of between 20,000 to 25,000 barrels per day to boost domestic fuel supply. Mr. Tim Okon,...
Power supply in Nigeria is set to increase significantly, as the Nigerian National Petroleum Corporation said that the Trans Forcados oil pipeline has been reopened. Mr....
Director, Advisory, Oil and Gas, Price Water House Ltd. Mr Ritch Wingo said oil companies may lay off workers due to the drop in oil price...
The International Monetary Fund, IMF, yesterday, lowered its forecast for global economic growth in 2015, and called on governments and central banks to pursue accommodative monetary...
The Federal Government in Abuja signed a Memorandum of Understanding (MoU) with nine oil companies for the supply of gas for power generation in Nigeria. They...
The Managing Director of Stanbic IBTC, Mrs Sola David-Borha, said that some Nigerian banks had raised three billion dollars (N465 billion) as acquisition finance in the...
The Central Bank of Nigeria, CBN has offset the N36.9 billon legacy debt owed to gas suppliers by the power sector under the defunct Power Holding...
The Minister of Finance, Dr Ngozi Okonjo-Iweala, says the Federal Government has proposed a review of the oil benchmark from 77.5 dollars to 73 dollars for...
Two Nigeria entrepreneurs, Alhaji Aliko Dangote, President Dangote Group and Mr. Tony O. Elumelu, Chairman, Heirs Holdings, have lent their voices to the call for more...
With the incorporation of ARCO Group Plc Arco Petrochemical Engineering Company will now formally cease to exist. The newly incorporated Arco Maintenance and Engineering Ltd (AMEL)...
The Federal Government has said that it would explore other sectors, including agriculture and tax, to mitigate the impact of drop in oil prices on the...
OPEC’s oil production is unlikely to change much in 2015 and there is no need to panic at the crude price drop, OPEC’s secretary general said...
Global Business Resources, U.S.A, a consortium of international investors are in Nigeria for a follow-up discussion with the officials of Government for the realization of two...
— Power sector owes three banks $1.085bn Federal government plan to pay off the over N200 billion gas supply debt owed by defunct PHCN will avert...