Gencos fault Senate on calls to reverse privatisation, alledge N1tn debt
The electricity generation companies have criticised the requests by the Senate for a reversal of the privatisation of the power sector.
Nigeria to make additional oil cuts for exceeding OPEC quota
Nigeria has disclosed that it is prepared to make additional oil output cuts from July to September to compensate for producing more than its quota in May and June...
OPEC+ agrees to extend record oil output cuts by one month
The Organisation of Petroleum Exporting Countries and its allies, headed by Russia, have agreed to extend their record output cuts by one month.
House of Reps directs TCN to consider local content in projects
The House of Representatives Committee on Power, on Friday, declared that it would not permit the Transmission Company of Nigeria to give contracts to...
Buhari inaugurates NNPC board
President Muhammadu Buhari has reconstituted the Board of the Nigerian National Petroleum Corporation for three years.
This was contained in a statement on Saturday by...
Buhari, Gbajabiamila, others mourn Ex-GMD of NNPC
President Muhammadu Buhari, Organisation of the Petroleum Exporting Countries (OPEC), Speaker of the House of Representatives, Mr Femi Gbajabiamila, and others on Saturday mourned the death of the immediate past Group Managing Director...
NNPC to reduce crude oil production cost, targets $10
The Nigerian National Petroleum Corporation has revealed that there are plans to decrease the cost of producing a barrel of crude oil to $10...
Nigerian miners accuse IOCs of economic sabotage
Miners of barite in Nigeria have accused international oil companies of economic sabotage of importing the mineral into the country.
They alleged that the IOCs...
MOMAN reveals N10tn spent on subsidy, calls for full deregulation
The Major Oil Marketers Association of Nigeria has revealed that the Federal Government has spent about N10n subsidising petroleum products in the last 15...
Power sector privatisation exposes structural weakness in sector- GenCos
The privatisation of the power sector has exposed the inherent structural weakness in the sector, according to the electricity generation companies in the country.
The...
