Energy
Oil prices stall ahead of U.S. stocks data, potential OPEC+ cuts
Oil prices exhibited minimal movement in Asian trade on Wednesday as the market anticipated news on the supply front, including...
Read moreWeekly Economic Report: Nigeria’s Crude Oil Production Decline in October, Fitch Ratings Maintains “B-” IDR with Stable Outlook
The Nigerian Upstream Regulatory Commission (NUPRC) reports a 0.7% month-on-month decline in crude oil production, including condensates, for October, reaching...
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NLNG Debunks Alleged Hike in LPG Price, says 380,000MT Delivered to Marketers This Year.
The Nigeria Liquefied Natural Gas Limited (NLNG) has refuted reports suggesting that the surge in the price of domestic Liquefied...
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Rising Gas Price: Senate Summons NGMC Boss
The Senate Committee on Gas yesterday summoned the Managing Director of the Nigerian Gas Marketing Company Limited (NGM), Justin Ezeala. He...
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Tinubu stops electricity tariff hike, insists on subsidy
President Bola Tinubu recently stopped the implementation of a hike in electricity tariff and insisted that subsidy be paid on...
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NEITI Submits $74.386bn 12-year Subsidy Expenditure Report to Reps
The Nigeria Extractive Industries Transparency Initiative (NEITI) has presented a detailed report on the expenditure of $74.386 billion in fuel...
Read moreOil rises ahead of Fed meeting as Middle East conflict persists
Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including...
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BP posts profits of $3.3bn as oil prices rise again
Energy giant BP has reported lower than expected profits despite global oil prices rising again. The company posted profits of...
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Nigeria’s Power Sector 10 Years After Privatization: Minister Threatens Sanctions Over Poor Performance
The Minister of Power, Adebayo Adelabu, has issued a stern warning, threatening to revoke the licenses of underperforming companies in...
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Oil Prices Recover in Asian Trade Amid Middle East Tensions Despite Weak China Data
Oil prices experienced an upturn in Asian trading on Tuesday, following a more than 3% decline in the previous session....
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