Nigeria is spending heavily to subsidise petroleum products consumption for its citizens thus eroding the gains from increases in international oil prices, latest data from the state-owned oil...
Presidential assent to the Petroleum Industry Governance Bill, PIGB, may be delayed till 2019 following fresh amendments demanded by the presidency. National Daily recalls that President...
Oil prices rose by about one per cent today after top exporter, Saudi Arabia, announced a cut in supply for December. International benchmark Brent crude oil...
Nigerian National Petroleum Corporation (NNPC), said it earned $5.23 billion from crude oil and gas export receipt between August 2017 and August 2018 out of which...
The Nigerian National Petroleum Corporation have announced that its crude oil and gas export sale in August 2018 was $470m, indicating an upsurge of about $78m...
shifts revival of all 4 refineries to 2020 The federal government have resulted plans to revive all four national oil refineries as the Minister of State...
The lbadan Electricity Distribution Company (lBEDC) said it lost N2.5 billion monthly to various cases of electrical installations vandalism in various parts of the state. Mr...
The Minister of Power, Works and Housing, Mr Babatunde Raji Fashola, has claimed that the All Progressives Congress-led government inherited a N450 billion debt owed contractors...
The Federal Government (FG) on Tuesday closed its case at a Federal High Court Lagos, in a 55 million dollars debt recovery suit it filed against...
Oil prices steadied today as U.S. sanctions against Iran’s fuel exports began but were softened by waivers allowing major buyers to import Iranian crude for a...