Energy
NERC Defends Electricity Tariff Hike, Cites Improved Supply Prospects
Just a day after implementing a significant increase in electricity tariffs for premium customers by over 230 percent, the Vice...
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Oil heads for second weekly gain on geopolitical tension, supply concerns
Oil prices continued their upward trajectory on Friday, poised for a second consecutive weekly gain, buoyed by escalating geopolitical tensions...
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Oil Prices Rise on Supply Concerns and Stronger Economic Growth
Oil prices increased on Thursday, driven by worries of lower supply as major producers maintained output cuts and signs of...
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Transcorp Power Plc Releases Audited FY2023 Results; Grows Topline by 57.03% and Profit by 75%; Declares Dividend of N3.13.
Transcorp Power Plc (“Transcorp Power” or the “Company”), one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation...
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Dangote Oil Refinery Begins Supplying Petroleum Products to Nigerian Market
The Dangote oil refinery, touted as Africa's largest, commenced supplying petroleum products to the local market yesterday, confirmed by a...
Read moreOil steady while market eyes geopolitical supply risks
Oil prices steadied on Wednesday amid concerns about crude and fuel supplies following Ukrainian attacks on Russian refineries and potential...
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Oil Prices Rise on Optimistic Demand Outlook and Middle East Tensions
Oil prices surged on Tuesday, buoyed by indications of potential demand growth in China and the U.S., coupled with escalating...
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Nigerian Government Increases Gas Prices Amid Supply Shortages and Unpaid Invoices
In response to years of unpaid invoices and dwindling gas supply to power plants, the Nigerian federal government has announced...
Read moreOil Prices Edge Up as Investors Reassess Inventory Data
After two consecutive sessions of decline, oil prices inched up on Thursday as investors reevaluated the latest data on U.S....
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NNPC Denies Reduction in Fuel Pump Prices Amid Social Media Claims
The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims circulating on social media platforms suggesting a reduction in the...
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