The Nigerian Electricity Regulatory Commission (NERC) has said electricity tariffs will now be increased every six months to adjust to foreign exchange and inflation requirements. This...
The federal government of Nigeria has said it will use $2.2 billion of the fund raised via eurobond to cater for petrol under-recovery costs. In addition,...
BY EMEKA EJERE Despite Nigeria’s position as a major crude oil exporter, the steep rise in crude oil price occasioned by the ongoing escalation between Russia...
The Nigeria National Petroleum Corporation Limited (NNPC) says it has enough fuel in stock and that there is no need for panic buying amid persistent queues...
The Nigerian National Petroleum Company Limited (NNPC), has vowed to increase Nigeria’s oil production amid rising crude oil prices in the international market in the wake...
The former Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said that the divestment of assets by some International Oil Companies (IOCs) is beyond...
A Federal High Court in Lagos on Monday, ordered the Central Bank of Nigeria (CBN) to pay an aggregate sum of N82 billion to communities in...
By Uche Chris Nigeria’s indigenous oil exploration company, Seplat Energy PLC weekend, made history as the first to acquire major assets of an International oil company,...
BY EMEKA EJERE There are high hopes that Nigeria’s lingering foreign exchange crisis, humongous amounts spent on fuel subsidies among others shall be things of the...
