The hike in the foreign exchange rate and activities in the international market may result to increase in the price of cooking gas, says the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM). Mr Olatunbosun Oladapo, the President of the…
The price of crude oil hit a new peak yesterday for the first time since January. The global Brent benchmark soared after a steep drawdown in U.S. fuel stockpiles and Saudi and Russian output cuts offset concerns about slow demand from…
The Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Aiboni, has tasked the Federal Government of Nigeria to create an enabling environment to attract investments in gas. Speaking last week in Lagos at the 2023 edition…
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…
