Nigeria's national grid collapses, eighth time in 2022

Blackout: Respite for Nigerians as electricity workers suspend strike

Electricity workers under the aegis of the National Union Electricity Employees (NUEE) have suspended their nationwide strike for two weeks.The leadership of NUEE said...

Exxon renews Nigeria deepwater oil licenses for two decades

Adebayo Obajemu Exxon Mobil Corp. says it has renewed two deep water leases in Nigeria for two decades, these two are among the first permits...
Seplat/ExxonMobil assets purchase crisis deepens

Seplat/ExxonMobil assets purchase crisis deepens

BY EMEKA EJEREThere is no resolution in sight to the disputes emanating from the proposed acquisition of the entire share capital of Mobil Producing...
Oil Exports slump: Team Tompolo 'saves' Nigeria's economy

OIL & GAS SECTOR Remains sluggish

Okey OnyenweakuTo discerning watchers, it is not surprising that the Nigerian equities market has been drifting southwards recently. From Business Hallmark checks, it in...
NNPC settles 30-year conflict, renews licences of five OMLs

NNPC settles 30-year conflict, renews licences of five OMLs

The Nigerian National Petroleum Company (NNPC) Limited has renewed oil production sharing contracts (PSCs) with its partners, after nearly 30 years.The state owned oil...
OPEC+ members okay output cut after U.S. accusation

Nigeria loses N101bn worth of its oil – OPEC

Data from the Organisation of Petroleum Exporting Countries (OPEC) showed on Thursday that Nigeria’s crude oil production plunged by 2.3 million barrels in July...
Seplat/ExxonMobil assets purchase crisis deepens

Seplat’s $1.28bn acquisition of ExxonMobil assets, disobedience of court order – A/Ibom

Adebayo ObajemuThe Akwa Ibom State Government says President Muhammadu Buhari’s earlier consent for Seplat Energy to acquire shallow water assets of Mobil Producing Nigeria...
Seplat/ExxonMobil assets purchase crisis deepens

Buhari withdraws approval of Seplat Energy, Mobil Producing Oil deal

President Muhammadu Buhari has withdrawn his authorisation of the acquisition of ExxonMobil Corporation assets by Seplat Energy Plc.Presidential spokesperson, Garba Shehu, disclosed this to...
Seplat/ExxonMobil assets purchase crisis deepens

In defiance of Buhari, NUPRC rejects Seplat, Mobil Oil assets deal

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rejected President Muhammadu Buhari's approval of Seplat Energy's acquisition of the shares of Exxon Mobil Corporation,...
Former Super Eagles players storm Kano for Tinubu's mega campaign rally

Former Super Eagles players storm Kano for Tinubu’s mega campaign rally

Former Super Eagles players on Friday, arrived Kano State for the All Progressives Congress presidential campaign tour at the Sani Abacha Stadium.The former...