Nigeria was unable to produce about 22.658 million barrels of crude oil valued at N1.22trillion in the first quarter of this year due to its persistent...
Central Bank of Nigeria (CBN) has said it recorded a total of 48 percent decrease in direct forex remittances inflow into the country. The nation’s apex...
The world’s foremost financial organisation, International Monetary Fund (IMF) has said that rising oil prices may lead to high inflation and slow growth across the world....
The Nigerian Electricity Regulatory Commission (NERC) says it has not approved tariff rate review in the power sector in recent times. Chairman of the Commission, Mr...
The Dana airline that was rescued from almost getting burnt from the tyres, while trying to take off last Monday at the Port Harcourt International Airport,...
The Federal Government has urged investors to take advantage of the generous gas fiscal incentives provided by the Petroleum Industry Act (PIA) 2021 to boost investment...
The passing, on Thursday, by a U.S. Senate Committee of the ‘No Oil Producing or Exporting Cartels’ (NOPEC) bill is the surest sign yet that Washington...
The Airline Operators of Nigeria (AON) has announced the shutdown of operations, with effect from today, over the skyrocketing cost of aviation fuel, which has reached...
The Nigerian National Petroleum Company (NNPC) Limited says the country is faced with significant challenges in domestic gas utilisation and energy security. Chairman of the NNPC...
Following the recent gas explosion that rocked Addax Petroleum Development Nigeria Limited facility, OML 124, in Imo State, the management of the company says it has...
