Oil edged up amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, although prices were prevented from rising further by record U.S....
Nigerian crude oil for April loading has been slow to sell with offer levels providing little value compared with rival grades from the Mediterranean, North Sea...
Nigeria loses about N153 billion annually from natural gas flaring, as the country flares about 22 million tonnes of natural gas, according to the Ministry...
The European Union (EU) is launching a 30 million Euro sustainable energy investment fund in Nigeria. Mr Adekunle Makinde, a former National Chairman, Nigerian Institute of...
Royal Dutch Shell has said it has not declared a force majeure on Nigeria’s highest crude grade, Bonny Light following explosion within the vicinity of...
Assets worth N771 million belonging to oil marketers who underpaid for petroleum products supplied them from the Kaduna depot of the Pipeline and Products Marketing Company,...
The Nigerian Electricity Regulatory Commission (NERC) has granted certificate of ‘no objection’ to 121 metering firms to procure and install electrical meters to yet-to-be metered power...
Data from the Nigerian National Petroleum Commission, NNPC, suggest that Nigeria is losing billions of naira on a monthly basis, due to the inability of the...
Secretary General of the Organization of Petroleum Exporting Countries, OPEC, Dr. Mohammed Barkindo, has debunked the rumours that oil may be on the verge of demise,...
Nigeria’s power sector, privatized five years ago is on the brink of bankruptcy due to a debt of N4 trillion which is almost crippling operators in...