Total Energies has consistently delivered solid positive revenue over the years. In the past five years (except for 2019 and 2020), the company recorded a CAGR of 4.3 per cent and 20.17 per cent in revenue and earnings, respectively. The…
IMF Managing Director said the global economy faces “a tough year, tougher than the year we leave behind.” Oil prices fell on the first trading of the year on demand concerns as the International Monetary Fund’s boss Kristalina Georgieva, warned…
An estimated 12.792 million registered consumers paid at least N1.367 trillion as charges for power supply to them by the 11 Distribution Companies (DisCos) within 23 months – from November 2020 to September 2022. According to an analysis of data…
Oil marketers have said fuel queues at filling stations across the country may persist if consumers and motorists’ continue to buy the product at selected filling station dispensing the product below N200 The National Operations Controller, Independent Petroleum Marketers Association…
By Ismail Azeez, Osogbo Osun State Governor, Ademola Adeleke has promised a stable electricity supply across the thirty (30) Local Government and Local Council Development Areas (LCDA) in the state. The Governor assured the residents of the state during inter…
US energy giant ExxonMobil is suing the European Union (EU) in a bid to stop its new windfall tax on oil firms. A windfall tax is imposed on firms that benefited from something they were not responsible for. Energy firms…
Some oil and gas experts on Friday said full deregulation of the downstream sector of the petroleum industry was the only sustainable way to curb smuggling of petrol to neighbouring countries. The experts said in interviews in Lagos against the…
The Transmission Company Of Nigeria (TCN) has cautioned Kano residents against erecting structures under the transmission cables to ensure safety of lives. The Assistant General Manager, TCN, Malam Muhammad Bello, gave the warning at a news conference in Kano on…
In line with Nigeria’s energy transition plan to attain zero routine gas flaring by 2035 and the nation’s increasing efforts to improve local participation in the oil and gas value chain, PE Energy has commissioned the nation’s first fully equipped…
President Muhammadu Buhari says the Ajaokuta Steel Complex will generate 1.6billion dollars annually and provide 500,000 estimated jobs for Nigerian youths. Malam Garba Shehu, the Presidential spokesperson in a statement, said that Buhari said this at the Palace of the…
