EU to Spend €150m Grant on Nigeria’s Power Sector The European Union will spend €150m (N50bn) on the development of power sector in Nigeria, Mr. Michel...
Power Firms Blame FG for Under-performance Exactly three years after the privatisation of the nation’s power sector, electricity distribution companies have said the failure of the...
Nigeria Produced 2.1m Barrels Today Nigeria’s oil production is nearly back to normal following a sharp drop earlier this year due to rebels attacking pipelines, the...
Nigeria’s Oil Export, Output Recover Nigeria’s oil export has recovered to some extent from disruptions caused by militant attacks on pipelines and export terminals. Supply in...
Senate Rejects Buhari’s $29.9bn Loan Request The Senate on Tuesday declined consideration of the request of President Muhammadu Buhari seeking approval to source $29.9 billion loan...
12,000bpd Refinery to Start Operation in 2018 The Group President, Azikel Group, Dr. Eruani Azibapu has signed agreement for the construction of 12,000 barrel per day...
OPEC Approves Output Cut Strategy OPEC officials approved on Monday a document outlining the exporter group’s long-term strategy, in a sign its members are making progress...
NNPC Targets Gas in 126 Northern Basins,Others The Nigerian National Petroleum Corporation on Monday said that there was a need to expand the country’s gas exploration...
Korean Firm to Build 550 mw Power Plant in Cross River A South Korean firm, Kingline Integrated Power Development Limited, is set to build a 550...
Airports Record Nine Percent Drop in Passenger Traffic The harsh economic climate that the country is currently experiencing has made the aviation sector to record a...
