Category: Energy

State govts sink deeper as NNPC plans N328bn deduction in April

The amount spent by the Federal Government through the Nigerian National Petroleum Company Limited as...

Reps reject dirty fuel probe report, panel exonerates NNPC

The House of Representatives, on Wednesday, dismissed the report of its Committee on Petroleum Resources...

Reps give NNPC two-week ultimatum to defend N3tn debt

The House of Representatives’ Ad Hoc Committee on Recovery of Outstanding Debts Owed By Oil...

Brent rises to $115 as EU considers Russia oil ban

Brent crude, the global oil benchmark, appreciated in price on Monday, moving up by 7.3...

Queues persist in northern states despite 1.8bn litres fuel supply

The queues by motorists for Premium Motor Spirit, popularly called petrol, particularly in Abuja and...

Fear of corruption hampering subsidy removal in Nigeria -IMF

The International Monetary Fund says the fear of political resistance, widespread corruption and pressure from...

OPEC quota: Elumelu disagrees with Sylva over low oil sector investment

Nigeria’s billionaire businessman, economist, and philanthropist, Tony Elumelu, on Thursday argued that the reason why...

NASS proposing criminalising illegal connection – NERC

THE National Electricity Regulatory Commission has urged consumers to know their rights and obligations within...

FG’ll tap $2.2bn Eurobond for fuel subsidy funding –Minister

The Federal Government is planning to tap €2bn ($2.2bn) by this month or next of...

Blackout as national grid collapses

Power generation on the national grid collapsed to zero megawatts around 10.40am on Monday, leading...

Negotiations with labour on fuel subsidy removal still ongoing – FG

The Federal Government is still in negotiations with the organised labour as regards the removal...

Nigeria’s gas revolution will lift West Africa’s energy –Sylva

Minister of State for Petroleum Resources, Timipre Sylva, has said that the West African sub-region can...

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