Crude prices hits above $80 since late 2014

Benchmark oil contract Brent North Sea briefly surged above $80 a barrel Thursday, hitting its highest level since late 2014 and extending a recent run higher fuelled by tight supply concerns. European stock markets meanwhile rose as the euro weakened against the dollar, but Wall Street pulled back in early New York trading. Brent North Sea crude for More...

by Uchenna Ajah | Published 5 months ago
By Uchenna Ajah On Tuesday, May 8th, 2018

Disclose details of spending in power sector, SERAP asks Fashola

The Socio-Economic Rights and Accountability Project (SERAP) has asked the Minister of Power, Works, andHousing, Mr Babatunde Fashola (SAN) to urgently provide details of spending on the privatisation of the More...

By Uchenna Ajah On Saturday, May 5th, 2018

AfDB approves $1.5m for Jigawa power project

The African Development Bank (AfDB) says it has approved  a grant of 1.5 million dollars (about N540 million) to support power project in Jigawa State. AfDB President Akinwumi Adesina Mr Amadou Hott,  Vice President, More...

By Uchenna Ajah On Saturday, April 28th, 2018

Ikoyi to experience 5-hour outage Sunday – EKEDC

The Eko Electricity Distribution Company (EKEDC) has announced a five-hour outage in Ikoyi and environs from 10.00am to 3.00pm on Sunday. Mr Godwin Idemudia, the EKEDC General Manager, Corporate Communications, More...

By Uchenna Ajah On Thursday, April 26th, 2018

Shell profits rise on back of soaring oil prices

Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production. Royal Dutch Shell CEO Van Beurden: Q1 profit soars Expectations More...

By Uchenna Ajah On Tuesday, April 24th, 2018

US oil hurts Nigeria, OPEC in Europe

US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria. US oil floods Europe hurting More...

By Uchenna Ajah On Saturday, April 21st, 2018

15 residents of VGC caught bypassing EKEDC meters

No fewer than 15 residents of Victoria Garden City (VGC), Ajah, on Lekki-Epe Expressway are to be prosecuted for their alleged involvement in energy theft,  Eko Electricity Distribution Company (EKEDC) said . Electricity More...

By Uchenna Ajah On Thursday, April 19th, 2018

35 ships with petrol, others expected -NPA

Thirty-five ships carrying petroleum products, food items and other goods are expected to arrive at the Apapa and Tin Can Island ports in Lagos from Thursday to May 6. 35 ships with petrol, others expected – NPA The More...

By Uchenna Ajah On Monday, April 16th, 2018

Estimated billing: FG’s ‘Meter Asset Providers’ scheme in jeopardy

…as stakeholders bicker over turf     By AYOOLA OLAOLUWA   Trade dispute between the recently licensed 87 meter asset providers and electricity distribution companies may jeopardize the Federal Government’s More...