Oil prices drop 3% to $70

Oil futures sank yesterday as an unexpected build in United States (U.S.) crude stockpiles compounded investor…

Seplat Chairman Assures Shareholders of Capital Appreciation, Production Growth

Matthew Otoijagha Leading indigenous Nigerian oil and gas company, Seplat Petroleum Development Company Plc has posted…

FEC approves N2.5bn for pipeline installation

A pipeline installation to transport dry gas through the North and South corridors to the West…

Forte Oil offers power, upstream businesses for sale

Forte Oil Plc has entered into share sale and purchase agreements to sell its power and…

NNPC partners Seplat to deliver gas for domestic use

The Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Nigeria Limited are partnering to deliver 300millon standard…

UN backs AfDB’s $10bn power initiative

The United Nations has thrown its weight behind the quest of the African Development Bank to…

Oando announces Q1 2019 results, posts N4.6bn profit-after-tax

Matthew Otoijagha The year 2019 continues to favor Oando PLC, Nigeria’s leading indigenous energy solutions provider.…

Oil hits $73 on threat to end Iranian export

The United States said it will end sanctions waivers in May that had previously allowed eight…

Dangote refinery expected to reduce fuel imports in West Africa- OPEC

The Organisation of Petroleum Exporting Countries has said the refinery being built by Dangote Group is…

No plan to remove fuel subsidy now – Federal Govt

The Federal Government has again clarified its stance on the removal of fuel subsidy, saying it…

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