Lagos State to build 3000 Mw of electricity

The center of excellence of the nation has said it plans to build about 3000 megawatts (Mw) of electricity power plant that would boost...

Nigeria’s oil production reduce to 1.2 million per barrels

The Nigeria crude oil production fell from a total two million barrels per day to as low as 1.27 million bpd amid the shutdown of two...

India lost spot as Nigeria’s top oil buyer as import fall...

First time in at least two years, India’s monthly import of Nigerian crude oil has fallen below six million barrels, the latest monthly report...

ExxonMobil to venture in power sector

ExxonMobil, an international oil company operating in Nigeria, has indicated interest to make fresh investment in the country’s power sector, making it the second...

Pipeline vandalism up by 233% – NNPC report

The rate of pipeline vandalism in the country increased by 233 per cent in January this year compared to December 2016, the Nigerian National...

Committee investigate 47m barrels of oil unaccounted for

House of Representatives Adhoc Committee investigating $17 billion allegedly stolen from undeclared crude oil and liquefied gas sale in the international market has demanded...

Shell knew ex-minister’s company would get oil-deal cash

Royal Dutch Shell Plc said it knew some of the $1.1 billion paid to the Nigerian government in 2011 for an exploration license would...

PPPRA: No plan to increase Petrol Price

The Petroleum Products Pricing Regulatory Agency (PPPRA) has reaffirmed that the Federal Government has no plan to increase the price of Premium Motor Spirit...

Mosimi oil depot resumes work after almost a year of vandalism

Nigeria's Mosimi oil depot has resumed loading after almost a year, when a major pipeline was vandalised last May, the state oil company said...

NPDC owes federation $5.531bn, N72.435bn, says NEITI

The Nigerian Petroleum Development Company owes the federation the sum of $5.531bn and N72.435bn, the Nigeria Extractive Industries Transparency Initiative has said. The NPDC is...

Nigeria’s seven power plants idle, including Olorunsogo

Continuous increase in gas constraints and other factors have left seven of the nation’s 26 power plants including Olorunsogo idle, with significant reduction in...

NEITI calls for investigation of $15.8bn NLNG dividends

NEITI, Nigeria Extractive Industries Transparency Initiative has called on the Federal Government to commission an independent investigation into the status and utilisation of all...

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