Solar developer accuses Nigerian banks of frustrating solar energy expansion

A solar energy expert and Chairman of AO Demarg, General Ademola Fadunsi, (rtd), has blamed banks for the slow pace of solar energy investments...

Oil price reaches $70 for first time since 2014

Oil topped $70/bbl in London for the first time in three years as production cuts by OPEC and rising demand whittle away a global...

Total vehemently denies bribery allegations in support vessels’ bids

Following a petition from the Indigenous Vessels Operators Association of Nigeria to the Senate Committee on Local Content, Total Upstream Nigeria Limited (TUPNI) and...

Hard to implement new tariffs with poor customer records, metering – Fashola

Speaking on a Channels Television early morning show yesterday in Abuja, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, defended the decision...

Risk of attacks on Nigerian oil infrastructure heightened by stalled dialogue – UK firm

A United Kingdom based security intelligence firm, IHS Jane has said that the federal government faces risks of attacks to critical oil and gas infrastructure...

Private equity backed Viathan floats power infrastructure bond

InfraCredit, a ‘AAA’ rated infrastructure credit enhancement facility established by the Nigeria Sovereign Investment Authority in collaboration with GuarantCo (a Private Infrastructure Development Group...

China overtakes S Korea as 2nd largest LNG importer in 2017

According to completed voyage data compiled by S&P Global Platts trade flow software cFlow, China overtook South Korea to become the world's second-largest Liquefied...

India, U.S. highest buyers of Nigerian crude in Q3 2017

Contrary to claims that the United States had stopped buying Nigeria’s crude oil, the National Bureau of Statistics (NBS), in its Third Quarter 2017...

Senate says current petrol subsidy regime is illegal

The Senate yesterday said the current payment of N26 per litre to subsidise Premium Motor Spirit (PMS) by the federal government was illegal as...

NEITI in latest audit report says NNPC must account for N5.15trn

The Nigerian Extractive Industries Transparency Initiative (NEITI), on Friday released its 2015 Oil and Gas Industry Audit Report, Premium Times reports. The report has demanded...

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