By Prince Okafor The minister of finance,  budget and planning, Zainab Ahmed, said that the N1.3 trillion intervention fund the federal government provided for the power sector has not yielded any significant result. On March 1, 2017, the federal government had approved the sum of N701 billion as a power assurance guarantee fund for the […]

Production shut-ins down 70% to 2.22mb

CNG: Why Nigeria must invest in filling stations — NBC Boss

FOREIGN INVESTMENTS: Nigeria loses to other African countries in oil, gas

Sylva expresses dissatisfaction over pace of work at NUPRC HQs building project

By Chioma Onuegbu, Uyo Akwa Ibom State government has dragged ExxonMobil to court over an attempt to sell off some of its assets without informing it as a critical partner about the intention to carry out such a major activity. ExxonMobil had recently informed the general public that it had reached an agreement to sell […]

By Obas Esiedesa Despite the N38 billion paid power generating companies, GENCOs, by the Nigerian Bulk Electricity Trading Plc, NBET, for December cycle and another N39 billion for January, the power supply situation in the country has not improved, as generation remains at low 2,054.70MW. Checks on the national grid performance by Vanguard showed that […]

By Obas Esiedesa, Abuja The Federal Government has said high-level cases of oil theft have become a threat to the country’s corporate and economic existence, with the industry now thinking of transporting crude oil from fields to export terminals by trucks. This is as it raised an alarm over the rising rate of crude oil […]

Oil Price: Bonny Light rise to $109.2 per barrel

Power generation now 3,522.80 MW