Power sector loans threaten banks’ profits

Deposit Money Banks face tough times in the third and fourth quarters as loans they granted to power firms have become a major threat...

Ogoni community seeks speedy trial of case against Shell

Three years after suing Shell in a London Court for oil spillage, the Bodo community in Ogoniland in Rivers State, is seeking speedy hearing...

Nigeria still very much a mono-economy, economic recovery underway – NNPC rep

State-run oil firm, the Nigerian National Petroleum Corporation (NNPC) has said if current improvement in oil production is sustained, the economy is on its...

Brent sheds nearly $3 on strong dollar, spread narrows

Brent oil fell sharply on Friday, tumbling by nearly $3 a barrel, and settling at its lowest point since early July, narrowing its premium...

Court reverses electricity tariff hike; Discos appeal decision

The Federal High Court Ikoyi has declared the 45 per cent tariff increase by the Nigeria Electricity Regulatory Commission (NERC) as illegal and has...

Investors eye dividends as Forte Oil meets on audited report

Investors’ eyes are all set on dividends this week as the Board of Directors of Forte Oil Plc meets this Friday in a crucial...

FG plans guidelines for telcos, oil & power firms to list on NSE

President Goodluck Jonathan, who was at the stock exchange to meet with capital market operators and ring the closing bell of the market on...

Erin Energy announces Q3 2016 operational and financial results

Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) (JSE:ERN) announced today financial and operational results for the quarter ended September 30, 2016....

Fidelity Bank finances 30% power sector

Fidelity Bank has made 30 per cent funding to the power sector as the sector is essential to the functioning of the economy. Mr...

Impact of CBN intervention in electricity market dims

Prospects of further interventions by the Federal Government in the energy market to ensure viability of electricity distribution companies may have dimmed as only...

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