The country four refineries under the management of the Nigerian National Petroleum Corporation have not made any profit since May 2018. Instead, the refineries posted losses...
The immediate past minister of power, works and housing, Babatunde Fashola has called for the introduction of a N10 trillion infrastructure bond. He made the call...
Transmission Company of Nigeria (TCN) has suspended and disconnected Port-Harcourt Electricity Distribution Company (PHEDC) from the electricity market. The suspension order was posted on TCN’s twitter...
The Federal Government has commenced moves to take over an account with N53.4 billion purportedly operated by the Nigerian National Petroleum Corporation (NNPC) without its knowledge....
As controversy continue to trail the $1bn military spending, Nigeria’s Excess Crude Account has dropped further to $480 million from the $2.5bn recorded at the end...
OIL prices on Monday maintained muted reaction to mounting tensions between Iran and the West, moving modestly higher after Tehran’s announcement that it had seized a...
Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) Mele Kyari has made a promise others before him were unable to keep. He has promised to...
The Department of Petroleum Resources (DPR) in Edo State has sealed up five filling stations for under dispensation of fuel and other offences. It also sealed...
The federal government has renegotiated new terms for the supply of electricity to the neighbouring West African countries of Benin and Niger Republics. It was gathered...
The Transmission Company of Nigeria, says one of the conditions that could make it waive the N270 billion debt owed by Power distribution Companies (DisCos) is...