Sub-Saharan Africa, especially its largest oil producers Nigeria and Angola, will struggle to raise oil output through the middle of this decade, as international majors are shifting their investment priorities, data and analytics company GlobalData said on Friday. Lack of…
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N43.57bn in April 2021 representing a 23.64% increase over the N35.24bn surplus it recorded in the previous month of March 2021. This is contained in the April 2021…
…project creates 30,000 jobs, first oil in 2022 Senior officials of the Nigerian Content Development and Monitoring Board (NCDMB), Total Energies Nigeria and the Department of Petroleum Resources on Saturday in Port Harcourt, Rivers State celebrated the load out of…
The Federal Government says it has introduced a N250 billion intervention facility to stimulate finance and motivate investors in the gas value chain for sustainable business development in the country. The Permanent Secretary, Ministry of Petroleum Resources, Mr Bitrus Nabasu…
Seplat Energy Plc is committed to providing the required energy for Nigeria’s sustenance now and in the future given the country’s huge growth potential, Mr. Effiong Okon, the company’s Operations Director/Executive Director has said. Okon stated this during a panel…
The Nigerian Navy has just taken inventory of an assortment of 50 assault gunboats, high-speed interceptor boats, patrol boats, houseboats, HD cameras and surveillance drones to tackle economic crimes and sabotage in the nation’s marine territory. The assets, which were…
The Transmission Company of Nigeria has suspended the evacuation of electricity to eligible customers. In July 2018, the immediate past Minister of Power, Babatunde Fashola, announced the introduction of the Eligible Customer policy, explaining that it would accelerate power supply…
The Nigeria Labour Congress has said the Federal Government must implement by December the agreement to reduce electricity tariffs by N15 per kilowatt-hour. The congress cautioned that it would not accept the serial violations of agreements, noting that it was…
The Federal Government has admitted that it is not in the best position to manage the nation’s refineries. Minister of State for Petroleum Resources, Timipre Sylva, stated this during his appearance on Thursday’s edition of Politics Today. “I will agree…
The Transmission Company of Nigeria has suspended the evacuation of electricity to eligible customers, it was learnt on Thursday. In July 2018, the immediate past Minister of Power, Babatunde Fashola, announced the introduction of the Eligible Customer policy, explaining that…
