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...
International oil companies IOC, operating in Nigeria are frustrating government efforts at achieving local content in the oil and gas industry. Manipulations and flagrant disregard to...
Prof. Chinedu Nebo, Minister of Power took delivery of abandoned energy equipment in 248 containers from the Nigerian Customs Services at Apapa, Lagos. The equipments were...
The Minister of Power, Prof. Chinedu Nebo, said the Federal Government had concluded plans to explore ways of implementing the Indian power sector model in Nigeria...
Royal Dutch Shell is ready to pay up to 30 million pounds ($51 million) in compensation for two oil spills in Nigeria in 2008 after a...
oil importers say Ghana’s government quietly reintroduced fuel subsidies in April, and has spent about $85 million since then in extra payments, the head of the...
The Nigeria Liquefied Natural Gas (NLNG) Ltd., on Friday, signed N2 billion Memorandum of Agreement (MoA) with six Nigerian universities to develop their engineering education capacity....
The Nigeria Extractive Industries Transparency Initiative, NEITI has signed a Memorandum of Understanding, MoU, with the Civil Society Organisations, CSOs, aimed to ensure speedy remediation of...
Brent crude oil rose above 109 dollars a barrel yesterday as U.S. jobs figures pointed to healthy economic growth, other data and higher oil demand from...