TCN secures $576m from World Bank, AfDB for grid expansion

The Transmission Company of Nigeria (TCN) at the weekend disclosed that it was able to secure a sum of $406million from the World Bank...

FG attracting N383bn to raise 14,000mw transmission capacity – TCN

The Interim Managing Director of the Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed, has said the public utility wants to attain 14,000...

NNPC justifies 2.3mbpd crude oil projection for 2018 budget

The Nigerian National Petroleum Corporation (NNPC) has said the Federal Government’s 2.3 million barrels per day crude oil projection for the 2018 Budget is...

SE/SS governors ask for increased revenue allocation to states

Nigerian governors have expressed concern over the revenue accruing to the states from the federation account, Premium Times reports. The revenue, the governors say, do...

NNPC, FAAC meet today over discrepancies

The Nigerian National Petroleum Corporation (NNPC) and the Federation Accounts Allocation Committee (FAAC) will meet today to reconcile the discrepancies in data submitted at...

Adams Plc announces investment in Nigeria focused Eland Oil & Gas

The Directors announce that, on 24 November 2017, Adams acquired a holding of 434,911 ordinary shares of £0.10 in Eland on the AIM Market...

House to probe alleged missing $60bn petroleum profit tax revenue

The House of Representatives Committee on Public Petitions says it will investigate an alleged missing $60.3 billion in Petroleum Profit Tax and Royalty revenues...

NNPC boss reels out guidelines for Nigeria’s diversification away from oil

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, on Friday in Zaria proffered illuminating guidelines for Nigeria to...

AfDB grows Nigerian portfolio to $6bn as it invests in Dangote, Indorama, TCN, others

President of the African Development Bank (AfDB), Akinwunmi Adesina says the bank’s total active portfolio in Nigeria has grown to over six billion dollars,...

New regulation threatens banks’ exposure to N466b power sector loans

The nation’s banks could lose over N466 billion in exposures to the power sector due to the new policy by the Nigerian Electricity Regulatory...

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...