Nigeria’s federally collected revenue declined by 13.42% in May – CBN

Crude oil and non-oil income has cut Nigeria’s gross federally collected revenue in May 2017 by 13.42% to N458.42 billion. Specifically, Nigeria’s crude oil...

$1.2bn from Taleveras, Glencore & Arcadia allegedly used by Kola Aluko to bribe Alison-Madueke

According to SaharaReporters, finer details have emerged from the assets forfeiture proceedings filed against Mrs. Diezani Alison-Madueke and Messrs. Olajide Omokore and Kola Akanni...

Nigerdock leading local content in oil service sector – NipeX

The operations of leading indigenous energy services provider, Nigerdock, and the available facility at the Snake Island Integrated Free Zone (SIIFZ) have been described...

IAEA gives Nigeria top ratings on nuclear energy, radiation safety

Following its various assessments of Nigeria's preparedness for nuclear energy use, the International Atomic Energy Agency (IAEA) has rated Nigeria highly in the area...

EU allocates €700m for renewable energy development in Nigeria, others

The Head of Cooperation, EU delegation to Nigeria and ECOWAS, Mr Kurt Cornelis, said on Monday that the European Union has so far committed...

Power plants to be built on gas flare sites – FG

The Federal Government has developed a new strategy contained in the National Gas Policy recently approved by the Federal Executive Council (FEC), which is...

Panoro provides update on dispute with JV partners over Lagos oilfield

Panoro Energy ASA (“Panoro”) (OSE ticker: “PEN”) provides an update on the dispute between its subsidiary, Pan Petroleum Aje Ltd. (“Pan Petroleum”), and the...

Boris Becker allegedly invested in failed Nigerian oil firms prior to loss of £100m...

Former tennis star Boris Becker, who was declared bankrupt in a London court last month may have lost his £100m fortune in part because...

FG, CBN to create FX window for power sector

Fashola, has disclosed that a new policy intervention to protect power investments in the country from the volatilities of her foreign exchange regime would...

20 Gencos receive N17.8bn from NBET as part of N701bn loan – Report

The Nigerian Bulk Electricity Trading Plc (NBET) has paid out N17,801,337,671 from the N701 billion power supply payment guaranteed loan it got from the...

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