Energy
Marketers raise diesel price to N265 per liter
Fuel Marketers in some parts of the Country have increased the price of Automotive Gas Oil, also known as diesel,...
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Nigeria’s daily oil production rises to 1.42 million barrels
Nigeria increased its crude oil production to 1.42 million barrels per day in February, the latest monthly report of the...
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FG approves $1.5bn for rehabilitation of Port Harcourt refinery
THE Federal Government has approved the sum of $1.5bn for the rehabilitation of the Port Harcourt Refinery. The Minister of...
Read moreOil prices climb as OPEC+ extends output cuts into April
Oil prices rose more than 1% on Friday, extending gains from the previous session, after OPEC and its allies agreed...
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Siemens to spearhead Nigeria’s power revolution
President Muhammadu Buhari had directed the Ministry of Power to collaborate with the Egyptian government on the effective implementation of...
Read moreNigeria loses N151.78bn crude oil monthly – NNPC
Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on...
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Oil drops as investors gauge big chill impact on U.S. refineries
Oil prices slid as much as 2% in early trade on Friday, adding to overnight declines, on worries that refineries...
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Petrol subsidy may hit N11.2bn per week, Reps condemn $750m annual loss to gas flaring
The subsidy on Premium Motor Spirit, popularly known as petrol, may have gulped at least N11.20bn in one week as...
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We’re ready to resume petrol importation – Oil marketers
Oil marketers have said they are ready to resume importation of Premium Motor Spirit (petrol) if foreign exchange is made...
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DPR to Upgrade Downstream Operations, leverages on technology
The Department of Petroleum Resources (DPR) said it is upgrading the Nigerian oil and gas downstream operations to global standards...
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