Home More Business & Finance

Business & Finance

Forte Oil unveils its growth plans for improved operations

According to the Group Executive Director, Finance and Risk Management, Forte Oil Plc, Julius Omodayo-Owotuga, the company is planning to deepen its focus on...

FG opens talks with AfDB on coal-to-power financing

The Federal Government has opened talks with the African Development Bank for the financing of coal-to-power projects across the country, The Punch reports. It was...

Seplat oil output recovery helps Nigeria’s stocks sustain gain

Nigerian stocks extended gains to hit a new 23-month high on Thursday as the reopening of the Forcados crude oil terminal helped to boost...

Mobil Oil increases profit by 67%

The Chairman/Managing Director of Mobil Oil Nigeria Plc, Adetunji Oyebanji, during Mobil’s yearly generally meeting in Lagos recently, said the company has recorded a...

Nigeria’s economy threatened by increasing U.S. oil exports, price volatility

Nigeria’s oil based economy may be living on borrowed time, as the global market, especially the United States (U.S.), becomes less dependent on Africa’s...

Shell says Nigeria was its biggest recipient of payments in 2016

Global oil giant, Royal Dutch Shell Plc, said on Tuesday that it paid $3.638bn to the Nigerian government last year for its activities in...

Osinbajo optimistic mining sector will grow to $27bn by 2020

Acting President, Pro Yemi Osinbajo has said the federal government is optimistic that by 2020 the contribution of the Mining sector will grow to...

Presidency to sign 2017 budget into law next week – Dogara

The speaker of the lower chamber of parliament said on Friday that Nigeria's presidency is expected to sign the 2017 budget into law next...

Anxiety mounts over Nigeria’s budget as oil prices drop to seven-month low

Anxiety may have heightened on how to finance Nigeria’s 2017 budget as oil prices fell to a seven-month low yesterday, after news of increases...

NBET to repay CBN’s N701bn power intervention fund in 10yrs

A federal government memo has disclosed that the Nigerian Bulk Electricity Trading Plc (NBET) will have up to 10 years to repay the N701billion...

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...