Energy

Nigeria regains top crude oil production spot in Africa – OPEC report

Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production averaging…

5 years ago

NNPC moves from N37.46bn trading deficit to N141.96bn surplus

The Nigerian National Petroleum Company (NNPC) Limited has announced a trading surplus of N141.96 billion recorded in June 2021, compared…

5 years ago

BPE endorses UBA’s interim management team for AEDC

The Bureau of Public Enterprises (BPE) has endorsed the five persons nominated by UBA to serve as members of the…

5 years ago

Oil sector requires $11.8trn investments before 2045 – OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says that investments of $11.8 trillion will be required between 2021 and…

5 years ago

FG: Why UBA appointed interim management for Abuja DisCo

The Federal Government has explained the circumstances surrounding Tuesday’s appointment of an interim management for the Abuja Electricity Distribution Company (AEDC).…

5 years ago

Nembe Oil Spill: Aiteo shuts leaking well

The leaking well at Oil Mining Lease (OML) 29, operated by Aiteo Eastern Exploration and Production Company in Nembe swamps…

5 years ago

UTM Offshore, Afreximbank sign $2bn MoU for Nigeria’s floating LNG project

UTM Offshore and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to raise $2 billion for…

5 years ago

NBS: Nigeria imports N1.05trn worth of petrol in three months

Nigeria imported Premium Motor Spirit (petrol) worth N1.05 trillion in Quarter Three (Q3) of 2021, the Nigeria Bureau of Statistics…

5 years ago

Buhari sacks AEDC mgt, says Abuja DisCo is a national embarrassment

President Muhammadu Buhari has sacked the management of Abuja Electricity Distribution Company (AEDC) over Monday’s strike by the staff. The…

5 years ago

Chevron: 60 years of partnering with Nigeria for development

On December 1, 2021, Chevron Nigeria Limited (“CNL”), operator of the joint venture with the Nigerian National Petroleum Company Limited,…

5 years ago

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