Energy
Oil falls, pressured by China lockdowns, reserves release
Oil prices slipped $2 a barrel in early Asian trading on Monday, following a second straight weekly decline after world...
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FG targets 500MW from mini-grids, blames collapse on sabotage
The Federal Government is expecting more than 500 megawatts of electricity from interconnected mini-grids being developed by the Rural Electrification...
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FG Earns $4.48b From Shell amid Crude theft, vandalisation
Shell Plc in its report on payments to governments, yesterday, unveiled the amount paid to different governments where it operates....
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Power failure: Engineers urge government to reduce DisCos’ franchise to state-by-state basis
As part of efforts to proffer solution to the lingering crisis in the power sector, the Nigerian Institute of Power...
Read moreOil drops as supply crunch fears ease, trading costs rise
Oil prices fell about a $1 on Friday as the United States and allies considered releasing more oil from storage...
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IOCs fear collapse as FG says N1.36tn crude stolen in 14 months
The total value of Nigeria’s crude oil stolen between January 2021 and February 2022 is about $3.27bn (representing N1.361tn at...
Read moreOil prices resume climb after U.S. stockpiles drop in tight market
Oil prices turned higher on Wednesday, erasing losses from the previous session, after industry data showed U.S. crude stocks fell...
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Oil theft: FG probes oil firms over production output, others
The Federal Government has set up a panel of experts to audit the activities of oil companies in the upstream...
Read moreNew guidelines rekindle hope for 9,000MW renewable energy in Nigeria
The Federal Government, alongside European Union and Germany, yesterday in Abuja, released the Environmental and Social Management Plan (ESMP) targeting...
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Oil prices climb as Russia-Ukraine ceasefire talks stoke volatile trading
Oil prices rose early on Wednesday, bouncing back after earlier falling more than $1 a barrel, as Russia's invasion of...
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