Conoil’s shareholders laud strategy, approve N2.1bn dividend

The shareholders of Conoil Plc have approved the company’s N2.1bn dividend payout for the last financial year, The Punch reports. The investors, at the its 47th...

NCDMB, Chevron, Mobil, others lead NEITI compliance rankings

The on-going Independent Audit of the Oil and Gas Industry covering 2015 by the Nigeria Extractive Industries Transparency Initiative (NEITI) has recorded 94% compliance...

Onne Free Zone to get low cost embedded power

Investors in the Onne Free Zone will enjoy a major relief as the regulatory agency of the zone, the Oil and Gas Free Zones...

Nigeria’s market shrinks as S. Korea joins India in buying first US crude

Refiners in South Korea, the world’s fifth crude oil importer, have joined India to diversify their crude sources in what potentially could impact on...

Fashola outlines requirements for establishment of mini grids

Minister of Power, Works and Housing, Babatunde Fashola, has given details of requirements for the establishment of mini grids to be met by potential...

NERC considers increasing fines for electricity theft to N200,000 from N50,000

The Nigerian Electricity Regulatory Commission (NERC) is considering a request by one of the existing 11 power distribution companies to increase the penalty for...

NERC, Gencos on collision course over unutilised licences

The plan of the Nigerian Electricity Regulatory Commission (NERC) to revoke about 100 unutilised licenses issued to power Generation Companies (Gencos) to generate 3,000...

Saraki promises swift passage of various PIB components

The President of the Senate, Dr. Bukola Saraki, has said that the passage of the Administrative and Fiscal Policy Bills for the petroleum industry...

Sirius Petroleum agrees on financing of Ororo field with BP

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that following...

Sovereign Wealth Fund resuscitates 11 fertilizer blending firms

The Nigerian Sovereign Investment Authority (NSIA), also known as the Sovereign Wealth Fund, has resuscitated 11 fertilizer blending plants across the country, which substantially...

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