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Discos say new power policy’ll raise tariff by 14%
The Eligible Customer policy introduced by the Federal Government in the power sector will lead to a 14 per cent...
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Baru says Nigerian banks more involved in upstream oil sector financing
The Nigerian National Petroleum Corporation, NNPC, Monday, disclosed that currently, Nigerian banks are deeply involved in providing funding for the...
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Oil steadies to trade higher after losses
Oil prices rose on Thursday, steadying after losses over the past two days from a surprise increase in U.S. crude...
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OPEC daily basket price stood at $72.10 a barrel Wednesday, 1 August 2018
Vienna, Austria, 2 August 2018--The price of OPEC basket of fifteen crudes stood at $72.10 a barrel on Wednesday, compared...
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Oil prices fall after EIA confirms crude inventory build
After yet another surprise report—this time of an inventory build—from the American Petroleum Institute weighed on prices yesterday, the Energy...
Read moreOPEC daily basket price stood at $73.62 a barrel Tuesday, 31 July 2018
The price of OPEC basket of fifteen crudes stood at $73.62 a barrel on Tuesday, compared with $73.53 the previous...
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$750bn investment made in electricity against $716bn in oil and gas in 2017, says IEA
Investment in electricity globally rose to $750 billion in 2017, slightly higher than the $716 billion capital spending on oil...
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World Bank’s approved 540mw Nigeria power plant gets underway in Akwa Ibom
The World Bank’s approved $150 million partial risk guarantee and environmental impact assessment (EIA) in 540 megawatts (MW) Nigeria power...
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Exclusive: Enabling environment key to collaborative efforts in oil, gas sector- Afe Mayowa
Afe Mayowa, president, Oil and Gas Trainers Association of Nigeria, (OGTAN) and chief executive officer, Danvic Petroleum International Corporation in...
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China offshore oil company to invest $3bn in Nigeria
The Management of China National Offshore Oil Corporation (CNOOC) has expressed readiness to invest additional $3 billion in its existing...
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