Federal Government subsidy on fuel has risen to N2.4 billion daily in May, from N774 million…
Power, Oil and Gas
Oil Falls on US-China Trade Dispute, Rising Output
Oil prices fell nearly one percent on Tuesday as an escalating trade dispute between the United States and…
Ghana, others to import fuel from Dangote’s refinery
Ahead of the completion of the Dangote Oil Refinery, petroleum importing African nations and bulk oil…
Nigeria partners Morocco on new gas pipeline
The Federal government of Nigeria and Morocco has signed an agreement to cut gas flaring…
Nigeria discovers more gas resources
The Federal Government has said more gas resources are being discovered offshore Lagos. It also stated…
CONOIL Reports N2.3 Billion Pretax Profit, Offers Investors N2.00 Total Dividend in 2017
Conoil Plc has according to its reports released to the market last Friday said that its…
Shareholders approve Forte oil restructuring plans
Shareholders of Forte Oil Plc have approved the company’s plan to restructure its business operations. At…
Two modular refineries to begin operations next year –FG
The Federal Government announced on Wednesday that two modular refineries in the Niger Delta will…
Oil Price Hits $80 Per Barrel
Despite the huge N500 billion mark up on the Federal Government’s expenditure outlay in the…
More Details Emerge on FG’s Proposed N72 billion Facility to 11 Discos
The Federal Government has provided more details on the N72 billion financial facility it plans to…
FG sets to invest N72bn in Discos to Improve Electricity Supply
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, recently disclosed that federal government will…
Stakeholders okay Forte Oil divestment from upstream, Ghana businesses
Shareholder groups has reacted to the recent announcement of Forte oil’s plans to divest upstream services…
Power sector lost N154bn in four months—FG
The Federal Government recently revealed that between January 1 and May 5 this year, the power…
Forte Oil to sell some Nigerian assets, pull out of Ghana
Nigerian energy firm Forte Oil said it plans to sell its upstream services and power businesses…
Oando announces 5th profitable quarter
Oando has announced its fifth consecutive profitable quarter on Monday in its unaudited results. The company…
Nigeria to export 1,540MW of electricity in 2025
Nigeria is set to increase export of electricity to other neighbouring countries from 387MW in…