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The Nigerian government has taken a decisive step toward revitalizing the country’s energy sector by announcing plans to auction off five Electricity Distribution Companies (DisCos) currently managed by banks and…
Nigeria’s Dangote oil refinery is poised to slash the annual $17 billion gasoline importation from Europe to Africa, placing additional stress on European refineries threatened by rising competitive forces. A…
FGN Power Company, a special purpose vehicle established by the Federal Government of Nigeria to own and execute the Presidential Power Initiative (PPI), has received 10 transformers and 10 Mobile…
The Commissioner for Power and Renewable Energy in Cross River State, Eka Wills, has disclosed that the search for a solution to dwindling oil revenues led them to focus on…
he Aba Integrated Power Project (IIP), owned by the Geometric Power Group (GPG), finally came on stream on Monday, 20 years after it was conceived by its Chairman/Chief Executive Officer,…
The federal government on Saturday promised to implement macroeconomic reforms to stabilise the foreign exchange market. The Minister of Information and National Orientation, Mohammed Idris, gave the assurance, at the…
Chevron Nigeria Ltd (CNL) has announced it has secured financing of $1.4 billion for drilling projects across the NNPCL/CNL JV infill drilling program scheduled for the period between 2022 and…
Pending when relevant protocols shall be completed, several key departments of the Central Bank of Nigeria (CBN) will be relocated from Abuja its present headquarters to Lagos, which was its…
An economist, Dr Abiodun Adedipe has projected that the nation’s double digit inflation rate will remain above 20 per cent and it is likely to be at average of 23.47…
Bloomberg, a US-based media firm, has predicted that the Nigerian currency, naira, would continue to experience a decline in 2024, its worst performance since 1999. The company's market analysis shows…