NNPC, BANKS SIGN $3 BILLION FINANCE DEALS

The Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, Monday restated that the corporation signed third party financing deals with international...

END GAS FLARING IN SIGHT AS BUHARI APPROVES FRESH MEASURES

President Muhammadu Buhari has approved the Flare Gas (Prevention of Waste and Pollution) Regulations 2018, to be used for the implementation of the National...

TCN VOWS TO RECOVER OVER 200 CONTAINERS AUCTIONED BY CUSTOMS

Transmission Company of Nigeria (TCN) on Friday declared that it would go after the auction beneficiaries of over 200 containers for possible return of...

NIGERIA’S POWER GENERATION HITS 7,000 MEGAWATTS

Power generation across the country currently stands at 7000 megawatts, Power, Works and Housing Minister Babatunde Fashola said Friday in Calabar. Fashola, speaking at the...

NIGERIA’S REFINING DEMAND MAY STRETCH OIL PRODUCTION SAYS KACHIKWU

The Minister of State for Petroleum Resources, Ibe Kachikwu, has suggested that upcoming petroleum refining plants in Nigeria could place a lot of demand...

WORLD BANK ENERGY FINANCING IN NIGERIA, OTHERS INCREASE BY $7.7BN

The World Bank has stated that it has exceeded its financing target in new energy for Nigeria and other developing countries. In its latest report,...

ACCESS TO ELECTRICITY STILL BELOW 40% IN 13 STATES

With gas supply, distribution and transmission challenges affecting on-grid power sector, indications have emerged that 13 states' access to electricity is still below 40...

FG OKAYS LAW REGULATING GAS FLARING

The Ministry of Petroleum Resources, Monday, disclosed that the President has approved the Flare Gas (Prevention of Waste and Pollution) Regulations 2018, the regulatory...

SENATE COMMENCE PROBE OF LEASE RENEWAL IN OIL, GAS SECTOR

The Senate Wednesday resolved to probe all issues connected with the ongoing lease renewal in oil and gas sector being undertaken by the Ministry...

CRUDE OIL PRICE DROPS TO $73 AMID TIGHT SUPPLY, OUTAGES

Barely a few days after crude oil price surged towards $80 per barrel, following the shut down of one oilfield in Norway and Libya...