Energy
Oil prices ease on caution over US debt ceiling talks
Oil prices fell in early Asian trade on Thursday as traders warily watched for signs of progress on talks to...
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FG eyes 1600MW with new power stations, transformers
The Federal Government, on Wednesday, said the facilities required to raise Nigeria’s electricity output by about 1,600 megawatts, under phase...
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Oil gains on US plans to refill reserves, supply concerns
Oil prices rose for a second day on Tuesday, supported by US plans to purchase oil for its Strategic Petroleum...
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Subsidy removal: Spending on petrol may jump 250% to N8tn
Petrol consumers may pay about N8.4tn for Premium Motor Spirit, popularly called petrol, between July and December 2023 once the...
Read moreOil prices creep higher as recession fears begin to fade
Oil prices rose slightly on Monday as traders remained cautious despite receding fears of a recession in the U.S., which...
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Oil communities, firms partner on $5bn investment fund
The Host Communities of Nigeria Producing Oil and Gas had said it is targeting a $5bn fund in partnership with...
Read moreGovt agencies, military owe electricity firms — Senate
The Federal Government has said that the cost of electricity consumption in Nigeria is among the cheapest and most defaulted...
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Oil prices recover after three-day plunge; demand worries linger
Oil prices recovered slightly on Thursday but were unable to claw back the more than 9% decline in the previous...
Read moreFG To Verify PHCN Ex-Staff For 16 Months’ Severance Pay
The Bureau of Public Enterprises (BPE) is set to commence a verification exercise for the payment of the agreed 16-month...
Read moreOil steadies ahead of expected interest rate hikes
Oil was little changed on Wednesday after hitting five-week lows in the previous session, as investors priced in expectations for...
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