Power sector loses N20.5bn in three weeks
Data obtained from the Federal Ministry of Power has revealed that about N20.5bn revenue was lost by Nigeria’s power sector between January 1 and...
Electricity worth N32Bn supplied by Nigeria to Togo, Niger and Benin in 2019
A total invoice of N32.04bn has been served to the republics of Togo, Niger and Benin for the electricity supplied to them from Nigeria...
NNPC records N30.8bn loss representing 200% increase
The Nigerian National Petroleum Corporation (NNPC) records have revealed that the oil corporation lost N30.81bn in April 2020, representing over 200 per cent increase...
Power sector to receive N600Bn intervention fund from FG
The power sector is set to receive another intervention worth N600bn from the Federal Government in earnest.
President Muhammad Buhari recently signed for the release...
TotalEnergies Shareholders Approve N8.49bn Dividend
Shareholders of TotalEnergies Marketing Nigeria Plc have approved the proposed final dividend of N8.49 billion, amounting to N25.00 per share, for the financial year...
PPPRA publish market-based pricing regime for petrol
The Petroleum Products Pricing Regulatory Agency (PPPRA) has published a market-based pricing regime for petrol.
The Spokesperson of the agency, Kimchi Apollo, disclosed on Wednesday...
IPMAN to embark on strike in Anambra over debt, tax
The Independent Petroleum Marketers of Nigeria (IPMAN) in Anambra State, have threatened to shut down operations on August 25 across the state.
According to the...
Nigeria Lost N847bn To Gas Flaring In 20 Months-NOSDRA
The Federal Government lost about N843bn to gas flaring between January 2022 and August 2023.
This is according to data obtained from the National Oil...
Senate asks FG to reverse privatisation of power sector
The Senate has urged the Federal Government to consider a thorough evaluation of the power privatisation policy with a view to changing the current...
Persistent oil crashes may lead to production halt- NNPC
The Nigerian National Petroleum Corporation has disclosed that Nigeria is still producing crude oil but a persistent crash in oil prices may lead to...
