DisCos requires ₦220 billion for metering, says Fashola

The 11 electricity distribution companies (DisCos) require ₦220 billion for the metering of customers, Power, Works and Housing Minister, Mr. Babatunde Raji Fashola, has...

S.Africa to build 9,600MW nuclear project, maybe one of the world’s...

Russian energy group Rosatom is a contender for South Africa's nuclear expansion project and the country will award the contract by the end of...

Nigeria’s oil production edge up, hits 274, 000 bpd

Crude oil production in the nation rose by 274,000 barrels per day last month, the biggest increase among its peers in the Organisation of...

Docs: See full reports of the just passed PIGB

The Senate on Thursday passed the first part of the much anticipated Petroleum Industry Bill (PIB) after 17 year of consideration.The Petroleum Industry Governance...

PPPRA denies plans to increase petrol price by N5

The Petroleum Products Pricing Regulatory Agency (PPPRA), has said that there are no plans to increase the pump price of petrol from the current...

Nigeria to cut stakes in refineries, oil assets, other subsidiaries

Nigeria Federal Government has said it will reduce its stakes in Joint Venture oil assets, refineries and other downstream subsidiaries such as pipelines and depots. The...

NNPC: Oil exploration begins in Gongola, inland basins

The Petroleum Corporation in Nigeria has embarked on a more rigorous exploration for oil in the Gongola and other inland basin using the latest...

Nigeria obtain $29 billion from Shell JVs in last four years

The royalties and corporate taxes paid by Shell to the Nigerian government last year increased to $1.4bn from $1.1bn in 2015 on the back...

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...

Union wants ExxonMobil facility in Niger Delta closed down

A Nigerian labor union on today called for the close down of all ExxonMobil Corp facilities in the Niger Delta, a union representative said.Reuters...

Century begins construction of 2000Mw thermal plant

Century Power Limited, a subsidiary of the Obijackson Group, owners of Nestoil Limited, plans to start the construction of a-2000megawatts (Mw) thermal power plant...

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...

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