The Federal Government on Friday said crude oil price would rebound by at least $15 per…
Power, Oil and Gas
FG declares two-month free electricity for citizens
The Federal Government of Nigeria on Wednesday declared two months free electricity across Nigeria as part…
Electricity tariff increase suspended till further notice
The Nigerian Electricity Regulatory Commission has suspended the proposed increase in electricity tariffs initially slated for…
Crude oil price drops to $28.40
Brent crude on Wednesday dropped to $28.40, the lowest since early 2016. The price was down…
NCDMB partners Shell on gas facility development
The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Nigeria Gas (SNG) have signed an…
11 Plc plans delisting from NSE
The board of directors of 11 Plc says following its meeting held on February 27, it…
Mobil acquires Lagos Continental Hotel from AMCON
11 Plc, formerly known as Mobil Oil Nigeria Plc, says it has finalised discussions with the…
Forte Oil changes name to Ardova
Forte Oil Plc has announced a change of name of the company to Ardova Plc. In…
Seplat gets court approval on acquisition of Eland Oil
Seplat Petroleum Development Company Plc has announced the approval of the court on its acquisition of…
Oil price volatility threatening Nigerian content development — NNPC
The Nigerian National Petroleum Corporation, NNPC, yesterday, expressed concern that the persisting volatility in the price…
Seplat Petroleum Development Company appoints new CEO
Seplat Petroleum Development Company Plc has announced that her pioneer Managing Director and later CEO, Mr.…
FG to tax dividends on oil proceeds
There is a move by the Federal Government to tax dividends paid from the profit of…
NNPC sets to rehabilitate four refineries
The Nigerian National Petroleum Corporation has engaged Russian firms and the state company to rehabilitate Nigeria’s…
NNPC sets to end vandalism, engages DSS
The Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, has asked the…
Refineries shed N77.15bn in six months – NNPC
Federal Government-owned refineries located in Port Harcourt, Kaduna and Warri lost N77.15bn in the first six…
Ignite Investments increases stake in Forte Oil
Ignite Investments and Commodities Limited has reviewed plans to increase its stake in Forte Oil Plc…
FG to indict abusers of social investment programmes
The Nigerian National Petroleum Corporation on Sunday said it recorded 77 per cent rise in oil…