Oil prices fell on Thursday as the U.S. dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world’s biggest oil user. Futures pulled back amid a broader decline in financial markets after the Fed…
The Bauchi State Office of the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has sealed 10 petrol stations for alleged violation of rules. NMDPRA’s Controller of Operations, Mr Abdullahi Iliyasu, gave the figure in an interview on Thursday in…
UK has allocated 134 million U.S. dollars for the construction of the new Sizewell C nuclear power plant in Suffolk in a bid to insulate the country against rising global energy prices. UK Business and Energy Secretary, Kwasi Kwarteng, made…
Nigeria’s oil industry woes are starting to capture the attention of bond investors. The cost of insuring the nation’s dollar bonds against default jumped to the highest since October, 2020 this week after Africa’s largest crude producer delayed plans to…
The Federal Government has stated that part of its plans to ensure life is made easier for Nigerians before full removal of subsidy on fuel, will be to embark on an auto-gas plan, which it says it has already begun…
By Akintunde Jacobs, Akure The Nigeria Labour Congress (NLC), has declared that the lasting solution to the crisis associated with petrol subsidy removal could only be resolved through construction of new refineries in the country. Comrade Akpausoh Akpausoh, National General…
The Central Bank of Nigeria (CBN) has revealed that it has disbursed the sum of N47.83 billion for the procurement and installation of 856,026 electricity meters across the country under the National Mass Metering Programme (NMMP) in the scheme’s Phase…
Nigeria’s Minister of State for Petroleum Resources, Chief Timipre Sylva stated this during the Saudi Green Initiative Forum to discuss efforts by the world’s top oil exporter to tackle climate change in Riyadh, Saudi Arabia. Nigeria’s government plans to amend…
The Nigeria LNG (NLNG) Limited, Monday, signed Memoranda of Understanding, MOU, with six Nigerian teaching hospitals nationwide, flagging off the implementation of its multi-billion-naira Hospital Support Programme (NLNG HSP). The six hospitals were selected as part of the first phase…
Some electricity consumers in Olodo, Lalupon and Iyana-church, Ibadan, on Monday locked four offices of the Ibadan Electricity Distribution Company (IBEDC), over alleged erratic power supply in the area. The affected IBEDC offices were situated at Galilee, Haj Camp, Wakajaye…
