A World Bank report called the “Nigeria Biannual Economic Update” for 2018, which was released on Monday reveals that Nigeria spent N731 billion to subsidise petrol consumption...
Steady Indian and Indonesian demand has helped lift price indications for two of Nigeria’s top grades, Bonny Light and Qua Iboe crude, to near five-year highs,...
Electricity generating companies (GenCos) say they released 3,522 megawatts of electricity into the national grid on April 7. GenCos made this known in their daily...
Oil price on Tuesday hit a five-month high above 71 dollars a barrel, supported by concern that violence in Libya could further tighten supply already squeezed...
The Nigerian Electricity Regulatory Commission (NERC) has issued permits to meter asset providers (MAPs) to begin the roll out of new meters by May 1....
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting...
The Ondo State government on Saturday inaugurated a 45kw cabin-type mini-grid power project in Gbagira town of the Ilaje Local Government Area of the state. The...
The Nigerian Electricity Regulatory Commission (NERC) says it will begin mass metering for electricity consumers by May 1. Usman Arabi, NERC General Manager for Public Affairs,...
Shell Petroleum Development Company (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) remitted $6.3 billion in 2018 to Nigerian government. The money which represented...
Nigerian indigenous energy company, Oando Plc, Thursday announced the sale of its midstream business subsidiary, Axxela Limited, to Helios Investment partners for $41.5 million. This, the...