NCDMB Urges Oil Firms to Remit Mandatory 1% NCDF Levy
The Nigerian Content Development and Monitoring Board (NCDMB) has reminded operators, contractors and service companies in Nigeria’s upstream oil and ...
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Tag: #EnergyNews
Brent Oil Slips as Iran Naval Drills Heighten Supply Risk Ahead of US Talks
Brent crude prices edged lower in Asian trade on Tuesday, with investors assessing potential supply disruptions after Iran conducted naval ...
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OPEC Eyes April Output Hike Amid Strong Prices, Peak Summer Demand
The OPEC is leaning towards resuming oil output increases from April, according to three OPEC+ sources, as the group positions ...
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Ikeja Electric Mandates Submission of Tax Identification Details
Ikeja Electric Plc has issued a public notice informing its customers that electricity bills generated without valid identification details will ...
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NERC Says Only 36% of Nigeria’s Installed Power Capacity Was Available in January
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that only an average of 4,901 megawatts (MW) out of Nigeria’s total ...
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Crude Futures Edge Up Ahead of U.S.-Iran Nuclear Talks Amid Eased Supply Concerns
U.S. crude futures rose slightly on Friday but were poised for their first weekly drop in seven weeks as supply ...
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Shell Profit Rises 11% Despite Falling Oil Prices, Raises Dividend
British energy giant Shell on Thursday reported an 11 per cent rise in net profit for 2025, as higher production ...
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Oil Prices Fall as Kazakh Production Halt Risks Ease Amid Rising U.S. Crude Inventories
Oil prices fell on Wednesday as an expected build-up of U.S. crude inventories outweighed a temporary halt in output at ...
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Nigeria’s Power Gencos Lose N2.28 Trillion to Stranded Capacity in a Decade
Nigeria’s electricity Generation Companies (Gencos) reportedly lost an estimated N2.28 trillion in capacity payments between 2015 and 2025, as a ...
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EEDC Launches Debt Recovery Scheme, Offers Discounts on Outstanding Electricity Bills
Enugu Electricity Distribution Plc (EEDC) has announced the launch of a new debt recovery scheme offering discounts to customers with ...
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