Nigeria has signed a deal for Chinese state companies to build a $1.3 billion power plant, the federal government said on Sunday that it is part...
The Central Bank of Nigeria (CBN) says it has disbursed over N109 billion to 20 companies in support of the ongoing power reform in the country....
The Federal Government has earmarked $8 billion dollars for the execution of the Nigerian Gas Master Plan with specific interest in meeting the gas-to-power demand in...
The Federal Government has said it has paid a total of N287.352 billion to oil marketers since the beginning of the year under the petroleum subsidy...
The Nigerian National Petroleum Corporation (NNPC) said on Monday that the Federal Government gas revolution agenda was intact. The corporation said that decision of Shell and Chevron...
The Minister of Power, Prof. Chinedu Nebo, said on Monday in Abuja that the country had lost about 35 per cent of its capacity to generate...
The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday in Abuja said Nigeria lost over 11 billion dollars to crude oil theft and pipeline vandalism between 2009...
The Department of Petroleum Resources (DPR) says Nigeria is losing over 4.9 million dollars (more than N735 million) daily to gas flaring. Mr George Osahon, a...
The Nigeria National Petroleum Corporation has borrowed $1.4 billion to pay debts it owed to companies it bought petroleum products from. The NNPC is said to...
In a bid to protect the nation’s environment, the Ministry of Environment has commenced moves to make oil spillage a criminal offence, the Minister, Mrs Hadiza...
African Independent oil and gas company Taleveras has signed a Farm-Out Agreement with a subsidiary of LUKOIL, Russia’s largest private oil company, for Block CI-504 in...
The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force...
Federal government has opened up 10 power plants under the National Integrated Power Project (NIPP) for international investment in London. Prof. Chinedu Nebo, the Minister of Power,...
The hunt for Royal Dutch Shell’s next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what could be his last...
By Omoh Gabriel Business Editor in Washington D.C The Minister of Finance and Coordinating Minister of Economy Dr. Ngozi Okonzo-Iweala said in Washington that the ability...