Indigenous energy company, Seplat Energy Plc, grew its gas revenue by 10.21 per cent to $63.7m in the first half of 2023 compared to $57.8m recorded in the same period in 2022. A statement released by the group on Monday…
The completion date of the 11,000 megawatts power project signed between the Federal Government and German-based Siemens has been shifted to 2030, according to reports. In 2019, the Director-General of the Bureau of Public Enterprises, Alex Okoh, on behalf of…
By Akinyemi Precious Govern or of Lagos State, Babajide Sanwo-Olu has declared plans of the state government to raise $10 billion in private investm ent to boost electri city supply to nearly five million households in Lagos State by 2032.…
By Akinyemi Precious The Niger coup which has forced the shuttering of borders has ended planned exports of Nigerian petrol across the continent. This is as a result of decrease in demand at home. The Nigerian government had ended subsidies…
The Miners Association of Nigeria (MAN), on Tuesday urged the Federal Government to come up with an agenda on mineral resources for efficient mining activities across the country. The President of MAN, Mr Dele Ayanleke, said this in Abuja, at…
Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has within a year experienced a 10.2 per cent gas revenue, reaching $63.7 million in 6 months 2023 (compared…
Europe’s biggest companies have suffered at least €100 billion in direct losses from their operations in Russia since President Vladimir Putin’s full-scale invasion of Ukraine last year. According to a report obtained, a survey of 600 European groups’ annual reports…
The retail price of Liquefied Petroleum Gas (Cooking gas) in Nigeria is set to increase significantly as Liquified Natural Gas (LNG) vessels become scarce; leading to charter rate hikes, ahead of the 2023 winter when demand for the heating fuel…
The Nigerian Electricity Regulation Commission (NERC) has said the federal government paid the sum of N36bn to subsidise electricity consumption in the first quarter of 2023. In its quarterly report, NERC said the money amounted to the payment of N12bn…
The Organization of Petroleum Exporting Countries, OPEC, is muzzling up and rallying members support to take additional measures aimed at stabilizing the oil market. The OPEC had signaled it will stay the course as group leader Saudi Arabia extends a…
