HOW OPEC’S OUTPUT DEAL DROPPED CRUDE OIL PRICE

The price of the global benchmark, Brent crude oil fell Monday as investors prepared for an extra one million barrels per day (bpd) in...

LOW DEMAND HAUNTS NIGERIA’S OIL AS UNSOLD STOCKS HIT 34M BARRELS

There are indications that international oil market is haunted by low demand as unsold Nigerian stocks have been estimated at between 20 and 34...

WHY MISALIGNMENT OF VISION, POLICIES, OTHERS THREATEN POWER SECTOR

Kola Adesina, chairman of the Egbin Power Plc, has called on the Federal Government and operators in the power sector to address the challenges...

NERC, DISCOS AT WAR OVER N37BN FG GRANT TO PRIVATE METER CONTRACTORS

Hopes of an early resolution of the monstrous estimated billing system that gulps about N30 billion monthly from hapless Nigerians now hang on the...

HOW GAS PIPELINE RUPTURE DISRUPTS SUPPLY TO 6 POWER STATIONS

The rupture of a major Nigerian Gas Company, NGC, pipeline has scuttled the delivery of gas to six power plants, thus culminating in the...

GHANA, OTHERS TO IMPORT PETROLEUM PRODUCTS FROM DANGOTE REFINERY

Ahead of the completion of the Dangote Oil Refinery, petroleum importing African nations and Bulk Oil Distributors based in Ghana have expressed eagerness to...

NIGERIA SPENDS N190B ON PETROL SUBSIDY IN ONE YEAR

With continued plummeting of crude oil prices, Nigeria now records a monthly average of N15.859 billion as under-recovery on importation of petrol or Premium...

FASHOLA WARNS NIGERIANS TO EXPECT DISRUPTIONS IN POWER SUPPLY

Babatunde Fashola, Minister of Power, Works and Housing has warned Nigerians to expect to see some levels of disruption in electricity supplies to their...

NIGERIA, MOROCCO SIGN 25 YEARS AGREEMENTS ON GAS PIPELINE, CHEMICAL PLANTS, AGRIC TRAINING

Nigeria and the Kingdom of Morocco on Monday in Rabat, Morocco signed agreements on regional gas pipelines, chemical plants and agriculture training. A statement issued...

NIGERIA TO ADDRESS CHALLENGES FACING WEST AFRICA GAS PIPELINE PROJECT

The Federal Government has stated that it plans to partner with other stakeholders to address the challenges hindering the targets set for the West...