Brent rises above $110, demand outlook cloudy

Brent crude oil rose above 110 dollars a barrel on Tuesday. Gains were, however, likely to be short-lived given an improved oil supply outlook and...

Subsidy fraud – Court orders arrest of two oil marketers

An Ikeja High Court on Tuesday issued a bench warrant on two oil marketers, Opeyemi Ajuyah and Olarenwaju Olalusi, for failing to attend their...

Equities shed 0.2% as Forte Oil leads gainers

Trading in equities closed on bearish note on the Nigerian Stock Exchange yesterday, following sell- offs from prospective investors. Specifically, the All Share Index depreciated...

NERC generates N4.1bn revenue in Q3

The Nigerian Electricity Regulatory Commission (NERC) has disclosed that it got 4.1 billion naira as Internally Generated Revenue (IGR) between the first and third...

Deepdrill partners US power firm on non-ceramic technology

As Nigeria’s privatised power sector continues to attract local and foreign investment, Deepdrill Global Services in partnership with Maclean Power Systems (MPS) of the...

Hajj forces Senate to postpone second PIB hearing

The controversial Petroleum Industry Bill (PIB) has suffered another setback in the Senate as the ongoing Hajj operations have forced a postponement of a...

APC governors tackle NNPC over oil revenue

The 11 governors of the All Progressives Congress (APC) under the aegis of the Progressive Governors’ Forum Monday challenged the Nigerian National Petroleum Corporation...

Stakeholders harp on safety, environmental protection

Oil and gas industry stakeholders that gathered recently at a forum organised by Richardson Oil and Gas have stressed the importance of Health, Safety,...

Ministry of Power will take up the gauntlet of rural electrification – Nebo

Minister of Power, Prof. Chinedu Nebo, highlighted the frantic efforts being made by government to settle PHCN workers’ outstanding severance benefits and the ministry’s...

“Nigeria not broke”, Okonjo-Iweala insists

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, Monday insisted that the economy was not broke, even as she...

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