Here we take a look at the countries around the world with the largest proven oil reserves, with countries such as Venezuela and Saudi Arabia topping...
The Minister of State for Petroleum, Timipre Sylva has said Nigeria was not gaining anything from the soaring prices, noting that Nigeria’s comfort zone in terms...
Brent oil traded at $100 per barrel in the Asian session today on news of Russia attacking Ukraine, which has, in turn, exacerbated concerns that a...
Adulterated fuel: Our imported product meet specification- Duke Oil, Oando Plc. Two oil companies, Duke Oil and Oando Plc have refuted culpability in the importation...
FG to sanction oil marketers, others who contravene Weights and Measures Act. The Minister of Industry, Trade and Investment, Mr Niyi Adebayo, says the Federal...
Prices of oil for the two major benchmarks have rallied more than $2 on Tuesday as investors worry about supply disruption due to...
Nigerians may be paying more for fuel following the decision of the Nigerian National Petroleum company Limited to introduce a fresh marine charge for marketers in...
EKEDC, NDPHC sign deal to improve power supply. Eko Electricity Distribution Company (EKEDC) has signed an agreement with the Niger Delta Power Holding Company Limited...
The cost of Premium Motor Spirit, popularly called petrol, may hit or exceed N180/litre in most filling stations in coming weeks if nothing is...
The government of Ethiopia has disclosed the commencement of electricity generating from the Blue Nile on Sunday. The country’s mega dam, Grand Ethiopian Renaissance Dam...