The Revenue Mobilization Allocation and Fiscal Commission, yesterday, disagreed with the Auditor-General of the Federation , Mr. Samuel Orkura over the the…
Category:
Oil and Gas
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Oil prices rose on Wednesday following announcement that producers will meet next month in Qatar to discuss a proposal to freeze output…
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Nigeria National Petroleum Corporation NNPC, on Wednesday said a report credited to the Auditor-General which alleged that it had failed to remit…
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The Federal Government said it has put machinery in motion to increase Nigeria’s crude oil production by 30 per cent to 2.8…
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The Nigerian Electricity Regulatory Commission (NERC) has said that power supply through the national grid which peaked to 5000mw in past two…
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BusinessEconomyFinanceNewsOil and Gas
Non passage of PIB hinders investors’ interest in Nigeria – BPE boss
The Director-General, Bureau of Public Enterprises (BPE), Mr Benjamin Dikki, said the non-passage of the Petroleum Industrial Bill (PIB) had hindered investors…
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BusinessEconomyFinanceNewsOil and Gas
27 ships laden with petroleum products, foods to arrive Lagos ports
Twenty-seven ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos…
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The Federal Government approved the immediate payment of N413 billion to oil marketers as outstanding payment for subsidy claims. This is contained…
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BusinessEconomyFinanceNewsOil and Gas
N39bn debt hampering electricity generation at Egbin plant, says Chairman
The Chairman, Egbin Power Station, Mr Kola Adesina, on Monday said that the plant in Lagos was facing serious challenges following the…
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The Nigerian National Corporation (NNPC), says it has 26 crude oil grades to offer for sale to companies that would eventually win…
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The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that 278 companies are vying to secure the contract for the trading of about…
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Oil marketers have commenced lifting petrol at Ejigbo depot in Lagos and Mosinmi depot in Ogun State with as many as over…
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BusinessEconomyFinanceNewsOil and Gas
ExxonMobil pumps first oil production at Erha North Phase 2 Project
ExxonMobil Corporation on Wednesday announced the pumping of first oil by its subsidiary, Esso Exploration and Production Nigeria Limited, ahead of schedule…
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The Nigerian National Petroleum Corporation (NNPC) Wednesday confirmed the cancellation of crude oil swap contracts as well as Offshore Processing Contracts (OPA),…
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Group Managing Director, Nigerian National Petroleum Corporation (NNPC) Dr Emmanuel Kachikwu, on Thursday, canvassed for speedy deregulation of the nation’s oil and…