Local, foreign oil firms gain N3.6trn in oil price recovery

Five local and International Oil Companies (IOCs) operating in Nigeria witnessed a record-breaking profit of over $10 billion (N3.6 trillion) during the first quarter...

CBN N152bn power loan blocking Discos access to banks’ funds – ANED

The umbrella body of the 11 electricity distribution companies (Discos), Association of Nigerian Electricity Distributors (ANED) has said about N152.16billion of the N201.61billion Central...

Oando announces Q1 2017 results, posts N1.7bn PAT

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today...

SEPLAT provides interim management results for Q1 2017

Seplat Petroleum Development Company Plc ("Seplat" or the "Company"), a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange...

FG’s revenues rise in March due to higher oil royalties

Nigeria's distributable government revenues rose to 467.81 billion naira ($1.53 billion) in March from 429 billion naira in February due to higher royalties from...

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...

FG to partner with AfDB on financing of coal projects in Enugu, others

Determined to solve the power issue in the country, the Federal Government is to partner with the African Development Bank (ADB) to fund coal...

CBN has disbursed N114.74bn to 29 power firms – Report

The Central Bank of Nigeria (CBN)  has disbursed a sum of N114.74bn to 29 power firms under its Nigerian Electricity Market Stabilisation Facility, The...

Kaduna Electric assures of efficient power supply at maiden AGM

The Chairman of Kaduna Electric, Alhaji Yusuf Hamisu Abubakar, during the firm's maiden Annual General Meeting (AGM) assured it’s esteemed customers of it's renewed...

Adeosun says World Bank, others to support Nigeria’s power sector

The Nigerian Government has come into an agreement with the World Bank group to scale up disbursements for critical projects in the country, Channels...

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