FG unfolds fresh plans for N. Delta development following militant threats

In view of the recent threat by the Niger Delta Avengers (NDA) to resume attacks on oil installations, the federal government at the weekend...

FG to provide N37bn for meters supply following court settlement

The Minister of Works, Power and Housing, Mr. Babatunde Raji Fashola, while speaking at the 21st monthly power sector operators meeting held in Asaba,...

Optimum secures funding for work in Ogo oilfield offshore Lagos

Optimum Petroleum Development Ltd, a Nigerian based exploration, development and production company, announced today that it has signed a financing term sheet of USD$850...

National Assembly extends passage of PIB to Q1 2018

The National Assembly has moved the passage of the other three versions of the Petroleum Industry Bill (PIB) to the first quarter of 2018,...

Erin Energy announces Q3 2017 operational and financial results

Erin Energy Corporation (Erin Energy or the Company) (NYSE American:ERN) (JSE:ERN) announced today financial and operational results for the quarter ended September 30, 2017. THIRD...

FG plans $2.3bn in JV oil asset equity restructuring – DMO

Nigeria's Debt Management Office (DMO) said on Thursday that the country plans to raise N710 billion ($2.26 bln) via restructuring its equity in joint venture...

Buhari proposes a record N8.6trn for 2018 budget

President Muhammadu Buhari on Tuesday presented a record 8.6 trillion naira ($24 billion, 20.8 billion euros) budget to the National Assembly to support the...

NERC releases law on direct power purchase from Gencos

The Nigerian Electricity Regulatory Commission (NERC) on Monday released the newly-approved eligible customers’ law and outlined the terms that would guide the direct purchase...

Nigeria’s finance minister says the country is not an oil economy

In an article captioned: ‘All Change: Nigeria is Not An Oil Economy," the Minister of Finance, Mrs. Kemi Adeosun has said that descriptions of...

Fashola gives NERC November deadline for metering regulation

The Nigerian Electricity Regulatory Commission (NERC), on Monday received a ministerial directive to ensure the process to issue metering regulations for the country’s electricity...

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