Global crude oil demand for the fourth quarter of 2023, will slip to 101.7 million barrels per day. The International Energy Agency (IEA) stated in its Oil Market Report preview. According to the agency, crude oil demand growth is slowing…
Seplat Energy Plc, a leading Nigerian independent energy company listed on the Nigerian Exchange Limited and the London Stock Exchange, has emerged winner of the Sustainability, Enterprise and Responsibility Awards (SERAS) Africa’s Education Intervention category for 2023. The SERAS Africa…
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has received an award for excellence in Transparency and Innovation at this year’s The Whistler Newspaper’s Award. The Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari received the award…
The Federal Government has announced that the liquidity in Nigeria’s power increased from N282 billion in 2015 to N900 billion currently, adding that its financial burden in the industry had been reduced by about N373 billion. It disclosed this through…
The World Bank says the federal government may still be paying for petrol subsidy as fuel prices in Nigeria are currently not cost-reflective. It said Nigerians should pay about N750 per litre as against the current price of N650 in…
Following the expiration of the tenure of Engr.Kesiye Wabote, the newly appointed Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has assumed the new leadership role of the board. Ogbe was appointed on…
Mele Kyari has said that the NNPC Ltd delivered N4.5 trillion to the federation account in October 2023. Kyari said this during a session with the Senate Committee on Finance at the National Assembly complex during the week in Abuja.…
…Clarifies Nigeria’s OPEC quota The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realizable. The Group Chief Executive Officer (GCEO) of the…
The World Bank has said that by 2025, Nigeria should have over N11 trillion saved from fuel subsidy removal. The World Bank provided this insight in the December 2023 Nigeria Development Update which is a bi-annual report which evaluates recent…
Nigeria is the top African crude oil producer for November 2023. This is according to data from the monthly oil market report released earlier today, December 13, by the Organization of Petroleum Exporting Countries (OPEC). In the recent OPEC report,…
