Funding Constraint Stalls 10,000bpd Delta Modular Refinery The Managing Director/Chief Executive Officer, Energia Limited, Mr. Felix Amieye-Ofori, said funding constraint slowed down the establishment of a...
Gas Shortage: 12 Power Plants Suffer Setback, 2000MW Idle The challenge of gas supply in the nation’s power sector left nearly 2,000 megawatts capacity idle at...
NNPC to drill eight oil wells in Chad, Gongola Basins The Nigerian National Petroleum Corporation on Tuesday said it planned to drill four oil wells each...
FG Seeks Fresh N4.58tn Loan for Rail Projects The Federal Government is considering securing fresh loans to finance some of the country’s rail projects. The Minister...
Oil Price Hits Three-week High as Glut Drops Global oil benchmark, Brent crude, rose to its highest level so far this month on Tuesday, as tension...
Cut Oil Production Cost or Stop Producing, FG Tells Firms The Federal Government on Tuesday charged crude oil-producing companies operating in Nigeria to either cut down...
Fuel Import Costs $15b Yearly Nigeria is spending about $15billion yearly on fuel importation, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru,...
FRC: Lagos, Osun, C’River’s Debts Exceed Revenues by Over 480% The debt status of most states of the federation exceeds 50 per cent of their annual...
N1tn Debt’ll Cause Shutdown of Power Plants – Gencos Electricity generation companies have said they are not planning to disrupt power supply in the country but...
Nigeria Has Enough Capacity to Repay N21.7tn Debt – Adeosun The Minister of Finance, Mrs. Kemi Adeosun, has said that the country has enough capacity to...
