Buhari urges OPEC members to unite and help stabilize oil prices
President Muhammadu Buhari in Doha, Qatar, has stressed the need for member states of OPEC…
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Fuel scarcity hits Lagos as litre sells for N150
There was scarcity of Premium Motor Spirit, PMS, otherwise known as petrol in Lagos during…
“Over 25% of Nigeria’s Non-oil Exports Substandard” – Customs
The Nigeria Customs Service, NCS, has said that more than 25 per cent of the…
Shell’s Forcados terminal may remain shut until April
Nigeria’s oil export revenue, which has been driven down by the plunge in global oil…
Power supply drops by 624MW in three days
The nation’s power supply slumped by 623.76 megawatts in three days, worsening the rationing that…
Cummins Power To Boost Sapele 300megawatt Project Output
The nation’s power industry is about to receive a boost as one of Nigeria’s leading independent…
Supply Glut: Nigeria’s Crude Languishes, Awaits Buyers
While Nigeria’s crude remains in ample supply, languishing as it waits buyers, as Asian traders mop…
Indigenous Oil Companies Worst Hit By Oil Price Plunge
Nigerian independent oil companies have been affected the most by the lingering plunge in oil…
Oil firms’ cash flows worsen, banks jittery
Nigerian indigenous oil and gas firms are recording negative cash flows as the plunge in…
New Electricity Tariff Will Encourage Private Investment In Power Sector – NESG
The Nigerian Economic Summit Group has expressed its support for the implementation of the electricity…