Energy

Troops uncover 11 new illegal bunkering facilities, nab 7 suspects

The troops of the Nigerian Army have uncovered 11 new bunkering facilities and made some seizures during a six-day operation…

11 months ago

Nigeria’s gas reserves hit 210.54tcf as crude oil rises to 37.28bn barrels

Nigeria’s crude oil and gas reserves have hit a record high of 37.28 billion barrels and 210.5 trillion cubic feet,…

11 months ago

NERC fines 8 DisCos N628m for overbilling customers

The Nigerian Electricity Regulatory Commission (NERC) has fined eight Electricity Distribution Companies (DisCos) N628,031,583.94 for non-compliance with capping of estimated…

11 months ago

Dangote refinery reduces petrol price to N865/litre

Dangote refinery has reduced the price of its ex-gantry loading cost of Premium Motor Spirit (PMS), otherwise known as petrol,…

11 months ago

FG signs $328m contract with Chinese firm to boost power supply

The Federal Government has signed an Engineering, Procurement, Construction, and Financing (EPC&F) contract with the China Machinery Engineering Corporation (CMEC)…

11 months ago

FG: Sale of crude oil, petroleum products in naira’ll continue

The Federal Government says the sale of crude oil and refined product sales in naira will continue in the country.…

11 months ago

Oil prices rise by 1% amid U.S. tariffs

Oil prices increased around 1% on Tuesday, April 8, 2025, rebounding from a near four-year low in the previous session…

11 months ago

Oil prices tumble further in market

Oil prices slid more than 3% on Monday, April 7, 2025, extending last week's losses in the market. The escalating…

12 months ago

NNPC announces new management team

The Nigerian National Petroleum Company (NNPC) Limited has announced the appointment of a new 8-man senior management team. The NNPCL…

12 months ago

Ojulari takes over as NNPC boss, vows to consolidate on Kyari’s achievements

The new Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has officially taken over…

12 months ago

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